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The
Dealmakers May Magazine Issue Number 16 for the week of May 15, 1995 My Way
by Ted Kraus This
show, beyond a shadow of a doubt, will be the best show of the decade. Higher attendance, more networking and lots of
deals started (unless it starts raining). Retailers,
while being a little more cautious than they have been in awhile, will be attending in
record numbers and more than willing to talk to everyone and anyone to insure that they
are aware of all potential deals. That's the
good news and all I can say is "go for it," make money while you can. We deserve it, it's been a tough five years we
just came out of. However, unless there are
substantial changes in our economy, government and politicians (do you believe in fairy
tales?) in the very near future, we'll (the nation and our industry) be in a
mini-recession by the end of the year. My
crystal ball says recession, not "soft landing" as others are contending but
I've always been a contrarian. Of course,
the good news is a recession is better than going through another depression that we just
came out of. I admit I'm no genius or
economist, but when AT&T is laying off 2,500 middle managers making $45,000 a year and
the fast food industry hires 3,500 people at $5.25 per hour, I don't want to hear about
the jobs being created. Retail sales are
either flat or dropping (i.e., Woolworth declined 4.7% in comparable same store sales,
Charming Shops dropped 17%, JC Penney is off 5.5%, Bradlees is down 8%, Dayton Hudson lost
4.7%, Ross Stores lost 9% in March, Solo dropped 28.5% (bye-bye), Carson Pirie Scott
decreased 7.3%, Filenes Basement is off 6%, Dress Barn lost 4% in comparable store sales
in March, 50-Off Stores is off 19.4% and closing 20 stores, Gottschalk's declined 6.6%,
Shoe Carnival decreased 15.2% for the month) and it goes on and on. Of course there are exceptions to every rule. Kohl's increased 9.1%, Kmart is up (see, I told
you not to count them out yet) and of course Wal*Mart increased as usual, which means they
are either a great retailer or are "cooking" the books. Circuit City increased 15%, and The "Good
Guys Electronics" were good with a comparable increase of four percent. Most of the retailers claimed they were
"off" because of a late Easter or mild winter.
I'm a simple person, when there's money in our checking account, the company is
doing good; when there isn't any money in the account, we're not. These retailers are losing sales and that isn't
taking into consideration inflation, no matter how small it might be. They're in trouble which means we're next. The dollar keeps dropping in value every 5
minutes. (Remember Perot and that great
"sucking sound"); the Feds have no idea what it's doing. The real confusion (don't forget, I'm writing this
four weeks before the show) is that the stock market keeps setting record highs, which I
don't understand. My mother explained to me
when I was a little kid that the value of a stock is based on earning and growth
potential. This basic rule doesn't appear to
apply today. Oh well, as I said, we're not
economists, so we don't have to worry about this type of stuff; we're
"dealmakers," so lets go and make some deals. Now I
don't want you to interpret the above as I'm
being pessimistic. I think we'll all survive
it, and as mama use to say, "be a lot wiser because of it" (enough of the
knowledge, give me the money). Now
let me discuss one of my favorite topics besides sex, the On-Line industry and the
Internet. I wanted to have a section in this
issue of the newsletter listing "Home
Pages" on the WWW (World Wide Web) that are real estate oriented. Ann stopped me.
She contends that 90% of our readers would have no idea what we were talking about,
so why waste the space. If you're part of the
10% that does understand and wants a list of 50 "Home Pages" on real estate, fax
me a note at 609-587-3511 or e-mail a request to: ted.kraus@dealmakers.net and we'll get it
out to you. Check 'em out, you'll see the
future today. On the same subject (I won't
bore you too much more), we manage three mailing lists and eight newsgroups on the NET on
commercial real estate (mailing lists and newsgroups are conferences available worldwide
on almost any given topic and there are approximately 30,000 worldwide). And one thing I'm noticing is: deals are being
done everyday via this new medium. (Well,
maybe not done, but at least started). I get
brokers, investors and owners calling me everyday excited about the deals and networking
going on. If you're into the sale of any type
of commercial property, you have to get involved. We
just set up a program that allows anyone with e-mail to request a complete package on a
property for sale, and within minutes can download the package in four-color with
pictures, copy and graphs. Within two days of
posting information on a property, 42 people had requested the package. It saved me time, effort and money, and hopefully
reduces the time necessary to close a deal. On a
different note, New York might be a "trendsetter" in matters of real estate, at
least corrupt real estate matters that is. There
are two separate investigations going on. One
is on management companies "kicking" back part of their fee to the owner's rep.,
and the second is investigating bribery by real estate brokers. (Imagine that, a broker would actually pay a
person in a position of influence to determine the "outcome" of a deal). This is the first major investigation I can
remember since the W.T. Grant fiasco, and the "star" witness got run over (by
accident, of course) by his own tractor (not an easy accomplishment) right before the
trial date. In all probability, the outcome
of this investigation will be the same as Grants, meaning nothing will happen, but it is
interesting that there is an investigation going on.
The good news for the crooks in our industry is proving they're bribing someone is
extremely difficult. Two major retailers last
year "accepted" and encouraged resignations from a substantial number of their
real estate people; they couldn't prove that they were pocketing money, but knew something
was "wrong." This is\was just the
tip of the iceberg, but I doubt anything will happen to change this trend. Well, now that you read all these encouraging
words, go out, make a deal and have some fun. P.S. If you have a computer and modem, drop by our
booth (612 Sixth Avenue) and pick up a free shareware program to connect your computer
with our Commercial On-Line service (it's free and extremely easy to use) and a sample
computerized version of our "Leasing Agents Book Of Leads," plus information on
all our on-line services. Apparel
Chains Shop for Expansion Opportunities Mothers
Stores, Inc. trades as Mothertime at 100 locations nationwide. The maternity wear stores occupy spaces of 1,500
sq.ft. to 1,800 sq.ft. in major regional malls. Plans
call for up to eight openings in the coming 18 months.
Expansion will take place nationwide. Leases
running 10 years are typical. For more information, contact Stuart Leibach,
Mothers Stores, Inc., 4255 N. Knox, Chicago, IL 60640; 312-481-3180, ext. 138, Fax
777-8122. Kolonaki,
Inc. trades as Georgiou and Alexia at 65 locations nationwide. The women's apparel stores occupy spaces of 1,700
sq.ft. to 2,500 sq.ft. in upscale malls. Plans
call for up to 12 openings in the coming 18 months. Expansion
will take place nationwide. Leases running 10
years are typical. For more information, contact Bob Fyles, Kolonaki,
Inc., 808 Brannan Street, San Francisco, CA 94103; 415-554-8000, Fax 431-4110. Ann
Taylor, Inc. trades as Ann Taylor at 214 locations nationwide. The women's apparel stores, offering better lines
of clothing, occupy spaces of 3,000 sq.ft. to 3,500 sq.ft. in regional malls, downtown
store fronts, outlet and specialty centers. Growth
opportunities are sought nationwide. Leases
running 10 years for mall stores and three to five years for outlet stores are typical. For more information, contact Mindy Novack, Ann
Taylor, Inc., 147 West 57th Street, New York, NY 10019; 212-541-3300, Fax 541-3379. Maidenform,
Inc. trades as Maidenform Outlet Stores at 83 locations nationwide. The lingerie stores occupy spaces of 2,700 sq.ft.
in outlet centers. Plans call for 14 openings
in the coming 18 months. Expansion will take
place nationwide. For more information, contact Ron Pinciaro,
Maidenform, Inc., 154 Avenue E, Bayonne, NJ 07002; 201-436-9200, Fax 436-0660. Benetton
Services Corp. trades as Benetton at 160 locations nationwide. The women's apparel stores occupy spaces of 1,500
sq.ft. to 4,000 sq.ft. in regional malls and downtown store fronts. Preferred anchors include Nordstroms,
Bloomingdales and Saks Fifth Avenue. Growth
opportunities are sought nationwide. For more information, contact Bruce Hunerberg,
Benetton Services Corp., 11811 North Tatum Boulevard/ Suite 3031, Phoenix, AZ 85028;
602-953-6664. BC
Clothing Co. trades as Sharky's at 11 locations in MI and OH. The junior apparel stores occupy spaces of 1,500
sq.ft. in regional malls. Plans call for
three openings in the coming 18 months. Expansion
will take place in the existing markets. Leases
running five years are typical. For more information, contact Susan Savalle, BC
Clothing Co., 35840 Beattie, Sterling Heights, MI 48312; 810-268-3880, Fax 268-3846. Bermo
Enterprises, Inc. trades as Max 10 and Mr. B's Wearhouse at 12 locations in MI. The concept sells family apparel for $10 or less
while using spaces of 5,000 sq.ft. to 6,000 sq.ft. in strip centers and freestanding
facilities. Growth opportunities are sought
in the existing market. For more information, contact Ed Bernard, Bermo
Enterprises, Inc., 12033 US 131, Schoolcraft, MI 49087; 616-679-2580, Fax 679-2611. The
Buckle, Inc. trades as The Buckle at 150 locations in AR, CO, IA, ID, IL, IN KS, KY, MI,
MN, MO, MT, ND, NE, OH, OK and SD. The
apparel stores, selling better lines of casual apparel for juniors and young men, occupy
spaces of 4,400 sq.ft. in regional malls. Plans
call for up to 18 openings in the coming 18 months. Expansion
will take place in TX, IN, ID and MT. Leases
running 10 years are typical. For more information, contact Brett Milkie, The
Buckle, Inc., 37307 Harvest Drive, Avon, OH 44011; 216-934-1415, Fax 934-1417. Sadimara
Knitwear, Inc. trades as Carroll of Paris at five locations in NY and TX. The women's apparel stores, selling better
contemporary lines of professional and casual clothing designed in France, occupy spaces
of 1,000 sq.ft. to 1,200 sq.ft. in malls, specialty centers and freestanding facilities. Growth opportunities are sought in the metro-NY
area and in NJ. Leases running 10 years are
typical. For more information, contact Jane Bunn, Sadimara
Knitwear, Inc., 512 7th Avenue 25th Floor, New York, NY 10018; 212-354-2155, Fax 302-2327. Cache
operates 140 locations nationwide. The
women's apparel stores occupy spaces of 2,000 sq.ft. in upscale malls. Plans call for 25 openings in the coming 18
months. Expansion will take place nationwide. Leases running 10 years are typical. For more information, contact Tom Renkins, Cache,
1460 Broadway 15th Floor, New York, NY 10036; 212-840-4242, Fax 840-4225. Clothing
Liquidator, Inc. trades as Clothing Liquidator at three locations in VA and NC. The men's and women's clothing stores occupy
spaces of 3,000 sq.ft. in strip and outlet centers. Growth
opportunities are sought in VA. For more information, contact Wanda Gullet,
Clothing Liquidators, Inc., 165 Wadsworth Drive, Richmond, VA 23236; 804-320-8365, Fax
320-8365. Chico's
F A S Inc. trades as Chico F A S at 122 locations nationwide. The apparel stores occupy spaces of 1,500 sq.ft.
to 1,800 sq.ft. in regional malls, outlet and specialty centers. Plans call for 21 openings in the coming 18
months. Expansion will take place nationwide. For more information, contact Marvin Granick,
Chico's F A S Inc., 11215 Metro Parkway, Ft. Myers, FL 33912; 813-277-6200, Fax 277-5237. CMJ
Enterprises trades as A Nose for Clothes at seven locations in FL, GA and TX. The upscale women's sportswear stores occupy
spaces of 3,000 sq.ft. in power, specialty and strip centers. Growth opportunities are sought in Broward County
and Palm Beach, FL. Leases running five years
are typical. For more information, contact Joseph Falowitz, CMJ
Enterprises, 13100 S.W. 128th Street, Miami, FL 33186; 305-253-8631, Fax 235-4370. Desmond's
Formalwear, Inc. trades as Desmond's Formalwear at 52 locations in MN, MI, WI, IA, SD, MO,
IL, IN, KS and NE. The stores sell and rent
tuxedos while using spaces of 800 sq.ft. in regional malls.
Plans call for two openings in the coming 18 months.
Expansion will take place in IL. Leases
running six years are typical. For more information, contact Stephen Sheely,
Desmond's Formalwear, Inc., 400 Main Street, La Crosse, WI 54602; 608-781-7770, Fax
781-5125. Exotic
Fashions, Inc. trades as Cliquers at 18 locations in NY and NJ. The women's apparel stores, selling clothing,
shoes and accessories for juniors and misses, occupy spaces of 5,000 sq.ft. to 10,000
sq.ft. in regional malls, downtown store fronts and outlet centers. Plans call for up to five openings in the coming
18 months. Expansion will take place in NY, NJ and CT. For more information, contact Jake Lee, Exotic
Fashions, Inc., 250 Carol Place, Moonachie, NJ 07074; 201-641-1822, Fax 641-1120. The
Finish Line, Inc. trades as The Finish Line at 193 locations nationwide. The apparel stores occupy spaces of 3,000 sq.ft.
in regional malls. Plans call for 35 openings
in the coming 18 months. Expansion will take
place nationwide. Leases running 10 years are
typical. For more information, contact George Sanders, The
Finish Line, Inc., 3308 N. Mitthoeffer Road, Indianapolis, IN 46236; 317-899-1022, Fax
899-0237. Holtzman's
Little Folk Shop, Inc. trades as Kids Mart at 350 locations in 26 states. The children's apparel stores occupy spaces of
2,500 sq.ft. in regional malls and power centers. Preferred
anchors include department stores, supermarkets and drug stores. Growth opportunities are sought in the existing
markets. For more information, contact the Director of Real
Estate, Holtzman's Little Folk Shop, Inc., 801 Sentous Street, City of Industry, CA 91748;
818-965-4022, Fax 854-3803. Harold's
Stores, Inc. trades as Harold's Stores at 27 locations in TX, OK, MD, GA, AL, TN, NE, MO
and NC. The men's and women's upscale apparel
stores occupy spaces of 4,000 sq.ft. in upscale regional malls. Plans call for three openings in the coming 18
months. Expansion will take place in the
Northeast and Southeast regions. For more information, contact Mike Casey, Harold's
Stores, Inc. 4525 McKinney, Dallas, TX 75405; 214-521-3533. JHD
Enterprises, LTD trades as Lim's Menswear at 11 locations in NC and VA. The stores occupy spaces of 2,500 sq.ft. in
regional malls. Plans call for one opening in
the coming 18 months. Expansion will take
place in NC. Leases running 10 years are
typical. For more information, contact Bobby Lim, JHD
Enterprises, LTD, 101 South Center Street, Goldsboro, NC 27530; 919-735-0155, Fax
735-0059. Burton's
Menswear, Inc. trades as The Scotsman at five locations in VA. The men's and women's apparel stores occupy spaces
of 5,000 sq.ft. in strip and specialty centers. Growth
opportunities are sought in the Richmond and Petersburg markets of VA. Leases running 10 years are typical. For more information, contact Robert Burton,
Burton Menswear, Inc. 350 Landsdowne Road, Fredericksburg, VA 22404; 703-371-1776, Fax
371-4605. Bunnies
Children's Department Store operates six locations in NY.
The children's apparel stores, which also sell shoes and juvenile furniture, occupy
spaces of 15,000 sq.ft. to 30,000 sq.ft. in power centers.
Growth opportunities are sought in NJ. Preferred
demographics include a population of 150,000 within three miles earning an average income
not exceeding $50,000. Leases running 10
years with options are typical. For more information, contact Jill Gordon, c/o
Goldstein Group, 2100 Route 208, Fairlawn, NJ 07410; 201-703-9700, Fax 703-9678. Cotton
Island Clothing Co. trades as Cotton Island Clothing at 20 locations in MI, OH, IN and IL. The stores occupy 100 sq.ft. kiosks in regional
malls. Plans call for the addition of 100
temporary units in carts and kiosks during the coming 18 months. Expansion will take place nationwide. For more information, contact Susan Savalle,
Cotton Island Clothing Co., 35840 Beattie, Sterling Heights, MI 48312; 810-268-3880, Fax
268-3846. Catherine's,
Inc. trades as P.S. Plus Sizes, Catherine's, Dimensions and The Answer at 414 locations
nationwide. The large-size women's apparel
stores occupy spaces of 3,500 sq.ft. to 4,000 sq.ft. in strip centers. Plans call for 40 openings in the coming 18
months. Expansion will take place nationwide. Leases running 10 years are typical. For more information, contact Bill Serex,
Catherine's, Inc., 3742 Lamar Avenue, Memphis, TN 38118; 901-363-3900, Fax 794-9392. Uhlman,
Inc. trades as Millikens, Sperrys and Ulhmans at 35 locations in IN, MI and OH. The stores sell family apparel at moderate to
upper-moderate price points while using spaces of 13,000 sq.ft. to 25,000 sq.ft. in strip
centers and downtown store fronts. Preferred
anchors include supermarkets and discount stores. Growth
opportunities are sought within a 300-mile radius of Bowling Green, OH. Leases running five to 10 years are typical. For more information, contact Roger Vail, Uhlman,
Inc. 126 N. Main Street, Bowling Green, OH 43402; 419-352-7505, Fax 353-3145. Fine's
Men's Shops, Inc. trades as Fine's at 48 locations in GA, AL, NC, SC, VA, WV and MD. The men's apparel stores occupy spaces of 3,000
sq.ft. in regional malls having GLAs between 300,000 sq.ft. and one million sq.ft. Plans call for three openings in the coming 18
months. Expansion will take place in the
existing markets. Leases running 10 years are
typical. For more information, contact Mitchell Fine,
Fine's Men's Shops, Inc., 1164 Azalea Garden Road, Norfolk, VA 23502; 804-857-6013, Fax
857-4603. Holliday's
General Service Corp. trades as Holliday's Fashions at 18 locations in AR, TN, and MS. The women's apparel stores, selling better lines
of sportswear and dresses, occupy spaces of 7,500 sq.ft. in power and strip centers. Plans call for three openings in the coming 18
months. Expansion will take place in the
existing markets. Second generation space is
preferred. Leases running three to 10 years
are typical. For more information, contact Michael Holliday,
Holliday's General Service Corp., 208 S. Dudley Street, Memphis, TN 38104; 901-522-1983,
Fax 526-3943. Jockey
International, Inc. trades as The Jockey Store at 70 locations nationwide. The stores, selling Jockey underwear, hosiery,
sportswear, tennis, golf and swimwear, occupy spaces of 3,600 sq.ft. in outlet centers. Plans call for 20 openings in the coming 18
months. Expansion will take place nationwide. Leases running three to five years are typical. For more information, contact Jeremy Serer, Jockey
International, Inc. 133 Laurel Drive, Needham, MA 02192-3206; 617-449-7660. Coopers,
Inc. trades as Western Warehouse at 23 locations in AZ, CA, CO, NM and WA. The western wear stores occupy spaces of 10,000
sq.ft. to 15,000 sq.ft. in regional malls, power and strip centers as well as freestanding
facilities. Plans call for up to 20 openings
in the coming 18 months. Expansion will take
place in NM, WA, CO, FL and CA. For more information, contact Donald Midciff,
Coopers, Inc., 11205 Montgomery N.E., Albuquerque, NM 87111; 505-296-8344, Fax 296-0278. Joseph
A. Bank Clothiers, Inc. trades as Joseph A. Bank Clothiers at 65 locations in AL, CA, CO,
CT, GA, MA, IL, MD, MI, IN, NC, PA, TX, TN, VA and Washington, D.C. The stores, selling classic apparel for men and
women, occupy spaces of 5,000 sq.ft. to 7,500 sq.ft. in malls and outlet centers. Plans call for the expansion of the outlet
division, with projections of six openings by mid 1996.
Expansion will take place in the East Coast. Leases
running three to five years are typical. For more information, contact Harvey Brown, Joseph
A. Bank Clothiers, Inc., 500 Hanover Pike, Hampstead, MD 21074; 410-239-2700, Fax
239-5700. Dress
Barn, Inc. trades as Dress Barn and LJ's Fashions at 750 locations nationwide. The women's apparel stores occupy spaces of 4,000
sq.ft. in strip centers. Plans call for 80
openings in the coming 18 months. Expansion
will take place nationwide. For more information, contact Elise Jaffe, Dress
Barn, Inc., 30 Dunigan Drive, Suffern, NY 10901; 914-369-4500, Fax 369-4750. Surreys
of Florida, Inc. trades as Surreys at 18 locations in FL and as Mondo Collections at three
locations in FL. Selling better lines of
menswear, Surreys stores occupy spaces of 2,000 sq.ft. to 2,500 sq.ft. in regional malls
and Mondo Collections stores occupy spaces of 650 sq.ft. in regional malls. Plans call for one opening of Mondo Collections in
the coming 18 months. Expansion will take
place in Aventura, FL. Growth opportunities
are sought in FL and GA for Surreys. Leases
running 10 years are typical. For more information, contact Steven Sheikman,
Surreys of Florida, Inc. 5125 NW 77th Avenue, Miami, FL 33166; 305-592-8300, Fax 592-6850. Petrie
Retail, Inc. trades as Plus Size Stores at 400 locations nationwide. Specializing in apparel for large-size women, the
stores occupy spaces of 4,000 sq.ft. to 5,000 sq.ft. in regional malls, downtown store
fronts and power centers. Growth
opportunities are sought nationwide. For more information, contact Jack Sopkin, Petrie
Retail, Inc., 70 Enterprise Avenue, Secaucus, NJ 07094; 201-866-3600, Fax 866-5483. Nationwide
Formalwear trades as Small's Formalwear at 55 locations in NJ, PA, DE, MD, VA and NY. The men's and women's formal wear stores occupy
spaces of 700 sq.ft. to 1,000 sq.ft. in regional malls.
Growth opportunities are sought in the existing markets. Leases running 10 years are typical. For more information, contact Joseph Overlman,
Nationwide Formalwear, 1340 Enterprise Drive, West Chester, PA 19380; 610-692-6624, Fax
692-3826. Mondi
International, Inc. operates more than 60 locations nationwide. The ladies apparel and accessories stores occupy
spaces of 1,500 sq.ft. to 1,800 sq.ft. in specialty centers. Plans call for two openings in the coming 18
months. Expansion will take place in CA and
NJ. For more information, contact Johannes Rummeny,
Mondi International, Inc., 315 Barton Avenue, Palm Beach, FL 33480; 407-659-7796, Fax
659-7914. Gentry
Clothiers, Inc. trades as Glick's at 43 locations in IL and MO. The stores, selling sportswear for men and women,
occupy spaces of 3,000 sq.ft. to 4,000 sq.ft. in strip centers. Plans call for eight openings in the coming 18
months. Expansion will take place in the
existing markets. For more information, contact Joseph Glick, The
Glick Co., Inc., 3248 Nameoki Road, Granite City, IL 62040; 618-876-6717, Fax 876-7819. Denny's
Childrenswear trades as Denny's at five locations in NY and NJ. Selling name brand children's apparel, the stores
occupy spaces of 10,000 sq.ft. in strip centers and freestanding facilities. Growth opportunities are sought in the existing
markets. Leases running 10 years are typical. For more information, contact Ron Klein, Denny's
Childrenswear, 904 S. Broadway, Hicksville, NY 11801; 516-681-4490, Fax 681-4444. New
Construction ARC
Properties and an affiliate of Pathmark Stores, Inc. plan to break ground this Fall on
Menlo Square, a 175,000 sq.ft. power center in Edison, NJ.
The site is anchored by an existing 60,000 sq.ft. Rickel's Home Center. Pre-leasing of spaces for up to five big box
"category killer" anchors and one restaurant outparcel is ongoing. The center is expected to open during late summer
1996. Menlo Square is located across from
Menlo Park Mall, a 1.2 million sq.ft. project anchored by Nordstrom's, Macy's, Cineplex
Odeon, Nobody Beats The Wiz, Herman's Sports, The Limited and Linens N' Things. The site fronts Parsonage Road and is accessible
from Route 1 and Route 27, which generate a daily traffic count in excess of 100,000 cars. Demographics include a five-mile population of
273,288 earning $57,469 as the average household income. For more information, contact Ed Jaten, Director
of Acquisitions and Leasing, of ARC Properties, Inc. at (201-345-1900), Fax (345-3291). Breslin
Realty Development Corporation plans to break ground this fall on Elizabeth Town Center, a
211,000 sq.ft. open mall located in Elizabethtown, PA.
The project will be anchored by an 86,000 sq.ft. department store, a 55,000 sq.ft.
supermarket and a 70,000 sq.ft. yet-to-be named tenant.
Parking for 1,050 cars will be available. The
project is expected to open in Spring 1996. For more information, contact Robert Broglia of
Breslin Realty at (516-741-7400, Ext. 234), Fax (741-5621). Cornelson
Company recently broke ground on a 32-acre projected called Stonybrook in Jeffersontown,
KY, a suburb of Louisville. The project is
anchored by a 117,000 sq.ft. Target and a 54,000 sq.ft. Winn Dixie. Both tenants are expected to open Spring 1996. The development also includes 90,000 sq.ft. of
big-box space which can be subdivided. Also
available at the site are six outparcels. Negotiations
with a national tenant and with several restaurants are ongoing. The project is located at the intersection of
Taylorsville Road and Hurstborune Parkway which have a combined traffic count of 65,000
cars. The company is also building a retail
project called Franklin Corners in Gastonia, NC. The
site includes a 150,000 sq.ft. Home Depot, which opened in February, and a Red Robin
restaurant which will open during September. Negotiations
are ongoing with a national tenant to fill a 65,000 sq.ft. space along with another
restaurant for the project. For more information, contact George Cornelson of
Cornelson Company at (704-376-6912). Beach
Place Partners plans to break ground this summer on the 100,000 sq.ft. Beach Place retail
and entertainment complex in Fort Lauderdale, FL. Leases
have been signed with The Gap taking 4,267 sq.ft., Banana Republic taking 4,220 sq.ft.,
Limited Express taking 8,726 sq.ft., Ritchie's Swimwear taking 840 sq.ft., Giorgio Brutini
taking 1,244 sq.ft. and Max's Grill taking 5,664 sq.ft.
Bath & Body has also leased space in the project. Negotiations are ongoing with additional retailers
and restaurants. Beach Place Partners include
Walter and Lee Banks, Dwight Jundt, Roger Hall, Eugene Cooke and Walter Collins. Completion of Beach Place is expected during the
last quarter of 1996. For more information, contact Beach Place Partners
at (305-764-3460). Glimcher
Realty Trust's newest community shopping center, Mill Run Square, is nearing completion. The 200,000 sq.ft. project, located at the
intersection of I-270 and Fishinger Road in Columbus, OH, is being developed on 21 acres
of land at an approximate cost of $8.9 million. Anchors
include Lowe's Home Center, which opened in December and PetsMart, which opened last
month. Other tenants at the site include
Italian Oven, House of Blinds, Famous Footwear, Ten Below, 20/20 Vision Center, General
Nutrition Center, Style Trends by Fiesta and 1/2 Off Cards. For more information, contact David Glimcher of
Glimcher Realty Trust at (614-621-9000). Rio
Vista Station Joint Venture, a general partnership with Big Beaver Development Company as
general partner and Sudberry Properties as co-developer, has begun construction on the
257,000 sq.ft. Rio Vista Shopping Center located at the intersection of Friars Road and
Stadium Way in Mission Valley, CA. A Summer
1995 opening is expected. The project will be
anchored by a 117,000 sq.ft. Kmart, a 42,175 sq.ft. Sports Authority, a 27,150 sq.ft.
Office Depot, a 26,500 sq.ft. Ross Stores and 30,000 sq.ft. of small retail shops. The shopping center is part of the Rio Vista
90-acre master-planned community that will contain offices, a hotel and over 1,000
residential units. For more information, contact Steve Avoyer, Mike
Seiber or John Still of Flocke & Avoyer Commercial Real Estate, the exclusive leasing
agents for the project, at (619-280-2600), Fax (280-3311). Devcon
Enterprises, Inc. is developing Torrington Fair in Torrington, CT. The 200,000 sq.ft. project will be anchored by
Wal*Mart and Price Chopper supermarkets. Construction
will commence this summer. Space is
available. The company is currently
developing over one million sq.ft. from Maine to Florida. For more information, contact Chadd LaBonte or
William La Montagan of Devcon Enterprises, Inc. at (203-233-2114). NewRoc
Associates, L.P. is developing New Rochelle Center, a 500,000 sq.ft., three-level power
center in downtown New Rochelle, NY. The
project, which will have immediate access to I-95, US 1 and mass transit, in addition to
parking for over 2,300 cars, is expected to be completed during Fall 1997. Demographics of the site include a trade area
population of 500,000 earning an average household income of $62,000. For more information, contact David Perlmutter or
Steven R. Smalheiser of NewRoc Associates, L.P. at (914-949-6505), Fax (949-8866). Supermarkets
Push Expansion Stop
& Shop Companies, Inc. trades as Stop & Shop Companies at 133 locations in MA, RI,
CT and NY. The supermarkets use spaces of
100,000 sq.ft. in strip centers and freestanding facilities. Plans call for up to 15 openings per year. Expansion will take place in the New England and
Mid-Atlantic regions. For more information, contact Richard Picariello,
Stop & Shop Companies, Inc., PO Box 1942, Boston, MA 02105; 617-380-8000, Fax
770-6222. Super
Valu, Inc. trades as Super Valu at 4,000 locations nationwide. The supermarkets use spaces of 30,000 sq.ft. in
strip centers and freestanding facilities. Growth
opportunities are sought nationwide. For more information, contact Jim Campbell, Super
Valu, Inc., PO Box 990, Minneapolis, MN 55440; 612-828-4030, Fax 828-8918. The
Kroger Co. trades as Kroger at 1,068 locations in the Southeast, Southwest, East Central
and West Central regions. The
supermarket/drug store combination use spaces of at least 40,000 sq.ft. in strip centers
and freestanding facilities. Plans call for
90 openings in the coming 18 months. Expansion
will take place in the existing markets. For more information, contact Barb Reibling, The
Kroger Co., 1014 Vine Street, Cincinnati, OH 45202-1100; 513-762-4000, Fax 762-4390. Fiesta
Mart, Inc. operates 31 locations in TX. The
supermarkets occupy spaces of 25,000 sq.ft. to 48,000 sq.ft. as anchors in strip centers
and in freestanding facilities. Plans call
for up to 25 openings in the coming 18 months. Expansion
will take place in Houston and the Dallas/Ft. Worth, TX markets. For more information, contact Buster Freedman, c/o
United Equities, 6909 Ashcroft/ Suite 200, Houston, TX 77081; 713-772-6262, Fax 981-4035. Jitney
Jungle Stores of America trades as Jitney Jungle, Sack and Save, Mega Mart, Budget Saver
and Foodway at 107 locations in MS, AL, TN, AR and LA.
The supermarkets occupy spaces of 30,000 sq.ft. to 60,000 sq.ft. in power and strip
centers as well as freestanding facilities. Growth
opportunities are sought in the existing markets. For more information, contact Steve Phillips,
Jitney Jungle Stores of America, PO Box 3409, Jackson, MS 39207; 601-949-5468, Fax
352-0483. Ingles
Markets, Inc. operates 181 locations in GA, AL, NC, SC, TN and VA. The supermarkets occupy spaces of 52,000 sq.ft. to
62,000 sq.ft. in strip centers and freestanding facilities.
Growth opportunities are sought in the existing markets. For more information, contact Gordon Meyers,
Ingles Markets, Inc., PO Box 6676, Asheville, NC 28816; 704-669-2941, Fax 669-3668. J.H.
Harvey's Co. trades as Harvey's at 38 locations in FL and GA. The supermarkets occupy spaces of 30,000 sq.ft. to
40,000 sq.ft. in strip centers and freestanding facilities.
Growth opportunities are sought in the existing markets. For more information, contact Alton Holloway, J.H.
Harvey Co., 727 S. Davis, Nashville, GA 31639; 912-686-7654, Fax 686-2927. Harris-Teeter,
Inc. trades as Harris-Teeter at 138 locations in NC, SC, TN, VA and GA. The supermarkets occupy spaces of 30,000 sq.ft. to
60,000 sq.ft. in strip centers and freestanding facilities.
Growth opportunities are sought in the existing markets. For more information, contact Emily Watkins,
Harris-Teeter, Inc., 701 Crestdale Drive, Matthews, NC 28105; 704-845-3100, Fax 845-3165. Brookshire
Brothers, Inc. trades as Brookshire Brothers at 64 locations in LA and TX. The supermarkets occupy spaces of 25,000 sq.ft. to
55,000 sq.ft. in strip centers and freestanding facilities.
Growth opportunities are sought in the existing markets. For more information, contact Jim Arnold,
Brookshire Brothers, Inc., 1201 Ellen Trout Drive, Lufkin, TX 75901; 409-634-8155, Fax
633-4637. Big V
Supermarkets, Inc. trades as ShopRite at 30 locations in NJ, NY, PA and CT. The supermarkets occupy spaces of 32,000 sq.ft. to
60,000 sq.ft. in power, strip and specialty centers as well as freestanding facilities. Growth opportunities are sought in NY and CT. For more information, contact Timothy Flanagan,
Big V Supermarkets, Inc., 176 N. Main Street, Florida, NY 10921; 914-651-4411, Fax
651-8354. Cindor,
Inc. trades as Mr. D's, Jubliee Foods and Jamboree at nine locations in MN, ND, SD and WI. The supermarkets occupy spaces of 20,000 sq.ft. in
strip centers and freestanding facilities. Growth
opportunities are sought in the existing markets. For more information, contact Don Stowe, Cindor,
Inc., 312 S.E. Ninth Avenue, Watertown, SD 57201; 605-886-6929, Fax 886-8716. Camellia
Food Stores, Inc. trades as Be-Lo Foods, Food City and Meatland at 48 locations in DE, MD,
NC and VA. The supermarkets occupy spaces of
17,000 sq.ft. in power and strip centers as well as freestanding facilities. Growth opportunities are sought in the existing
markets. For more information, contact Guy Sykes, Camellia
Food Stores, Inc., 1157 Production Road, Norfolk, VA 23502; 804-855-3371, Fax 853-7405. The
Grand Union Co. trades as Grand Union at 238 locations in CT, MA, NH, NJ, NY, PA and VT. The supermarkets occupy spaces of 30,000 sq.ft. to
65,000 sq.ft. in strip centers, downtown store fronts and freestanding facilities. Growth opportunities are sought in the existing
markets. For more information, contact Raymond Ayers, The
Grand Union Co., 201 Willowbrook Boulevard, Wayne, NJ 07470; 201-890-6000, Fax 890-6671. Safeway
Stores, Inc. trades as Safeway at 1,062 locations in AZ, CA, CO, HI, MD, MT, NM, OR, WA,
AK, WY, SD, VA, NV, Washington, D.C. and western Canada.
The supermarkets occupy spaces of 40,000 sq.ft. to 60,000 sq.ft. in power and strip
centers as well as freestanding facilities. Plans
call for for up to 30 openings in 1995 and up to 30 openings in 1996. Expansion will take place in the existing
markets. For more information, contact Don Wright, Safeway
Stores, Inc., 201 4th & Jackson Street, Oakland, CA 94607; 510-891-3000, Fax 891-3224. Clemens
Markets, Inc. trades as Clemens Markets at 14 locations in PA. The supermarkets occupy spaces of 40,000 sq.ft. to
55,000 sq.ft. in power and strip centers. Plans
call for up to four openings in the coming 18 months.
Expansion will take place in Southern PA. For more information, contact Jack Clemens,
Clemens Markets, Inc., 616 East Main Street, Lansdale, PA 19446; 215-361-9000, Fax
393-9886. Fulmer
Supermarkets trades as Fulmer Foods at 14 locations in OH.
The supermarkets occupy spaces of 20,000 sq.ft. to 40,000 sq.ft. in power and strip
centers as well as freestanding facilities. Plans
call for up to three openings in the coming 18 months.
Expansion will take place in OH. For more information, contact R.E. Kramer, Fulmer
Supermarkets, 1804 N. Limestone Street, Springfield, OH 45503; 513-399-9751, Fax 399-9470. Food
Tenants Dijan,
Inc. trades as Arby's at 10 locations in PA, NJ, VA and WV.
The fast food restaurants occupy spaces of 500 sq.ft. in food courts, 2,400 sq.ft.
in freestanding facilities and 3,500 sq.ft. in power and strip centers. Growth opportunities are sought in the existing
markets. For more information, contact Roy McDonald, Dijan,
Inc., 1647 Forest Acre Drive, Clarks Summit, PA 18411; 717-343-0666, Fax 343-7784. Del's
Lemonade operates 33 locations nationwide. The
stores serve lemonade, popcorn, nachos, pretzels, and natural food drinks while using
spaces of 1,000 sq.ft. in strip centers and freestanding facilities. Push carts are also used. Growth opportunities are sought ion FL, NC, AZ,
MA, CT and CA. Leases running five years with
options are typical. For more information, contact Joe Padula, Del's
Lemonade, 1260 Oaklawn Avenue, Cranston, R.I. 02920; 401-463-6190, Fax 463-7931. Carrols
Corp. trades as Burger King at 217 locations in CT, MA, ME, NC, NJ, NY, OH, PA, VT and MI. The fast food restaurants occupy spaces of 3,500
sq.ft. in regional malls, strip centers and freestanding facilities. Plans call for at least two openings in the coming
18 months. Expansion will take place in OH
and NY. Also, growth opportunities in the
company's other areas of operations will be considered. For more information, contact Rick Cross, Carrols
Corp., 968 James Street, Syracuse, NY 13217; 315-424-0513, Fax 425-8874. Sbarro,
Inc. trades as Sbarro "The Italian Eatery" at 729 locations worldwide. The fast food Italian restaurants occupy spaces of
600 sq.ft. in food courts and 4,800 sq.ft. in regional malls, power centers and
freestanding facilities. Plans call for 125
openings in the coming 18 months. Expansion
will take place nationwide. The company is
experimenting with a concept specializing in signature sandwiches, such as filet mignon
and chicken. For more information, contact Lance Sturges,
Sbarro, Inc., 763 Larkfield Road, Commack, NY 11725; 516-864-0200, Fax 462-9050. Wenco
Food Systems Corp., trades as Wendy's at 39 locations in NJ and NY. The restaurants occupy freestanding facilities of
3,100 sq.ft. on a land area of 40,000 sq.ft. to 50,000 sq.ft. Plans call for up to six openings in the coming 18
months. Expansion will take place in NY. Leases running 20 years with four five-year
options are typical. For more information, contact Phillip Perri, Wenco
Food Systems Corp., 110 Bi-County Boulevard/ Suite 109, Farmingdale, NY 11735;
516-694-7500, Fax 694-7540. Taco
John's of Iowa, Inc. trades as Taco John's at 12 locations in IA. The Mexican fast food restaurants occupy spaces of
2,200 sq.ft. in end caps and freestanding facilities.
Plans call for three openings in the coming 18 months. Expansion will take place in the existing market. For more information, contact Jason Buirne, Taco
John's of Iowa, Inc., 2851 104th Street, Des Moines, IA 50322; 515-278-1818, Fax 278-9842. Swensen's
Ice Cream Co. trades as Swensen's Ice Cream at 200 locations nationwide. Serving ice cream, sandwiches and candy, the
stores use spaces of 1,300 sq.ft. in regional malls, strip centers and downtown store
fronts. Plans call for 15 openings in the
coming 18 months. Expansion will take place
in CA, NV, AZ, NJ and NY. Leases running 10
years are typical. For more information, contact Anthony Peretti,
Swensen's Ice Cream Co., 91 Chesire Road, Wallingford, CT 06942; 203-265-5692. America's
Favorite Chicken Co. trades as Popeye's Chicken & Biscuit at 900 locations nationwide. The fast food chicken restaurants occupy spaces of
750 sq.ft. to 2,100 sq.ft. in regional malls, strip centers and freestanding facilities. Plans call for 140 openings in the coming 18
months. Expansion will take place nationwide.
The company is also looking to expand into
convenience stores, truckstop travel plazas and mass merchandisers. For more information, contact Terry Conley,
America's Favorite Chicken Co., 6 Concourse Parkway/ Suite 1700, Atlanta, GA 30328;
404-391-9500, Fax 353-3074. IMKP,
Inc. trades as Red Hot Hens at one location in NJ. The
restaurant serves rotisserie chicken, hot and cold side dishes, sandwiches, salads and
soup in a 2,400 sq.ft. freestanding facility. Growth
opportunities will be explored in NJ and PA by the end of the year. For more information, contact Philip Abdala, IMKP,
Inc., 251 South Route 73, Marlton, NJ 08053; 609-983-4367, Fax 983-1076. All
American Frozen Yogurt & Ice Cream Shops operates 22 locations in OR, WA, ID, CO and
TX. The stores occupy spaces of 400 sq.ft. to
650 sq.ft. in regional malls. Plans call for
eight openings in the coming 18 months. Expansion
will take place in OR, WA, ID, CO, NV and CA. Leases
running eight years are typical. The company
is franchising. For more information, contact C.R. Duffie, Jr.,
All American Frozen Yogurt and Ice Cream Shops, 812 S.W. Washington Street/ Suite 1110,
Portland, OR 97205; 503-224-6199, Fax 224-5042. L.E.
Associates is a franchisse of Kenny Rogers Roasters.
Pending a license agreement, the company plans to open five restaurants in Brooklyn
and Queens, NY in addition to North NJ during 1995 and 12 more during 1996. The restaurants will occupy spaces of 3,000 sq.ft.
to 4,000 sq.ft. in end caps, downtown store fronts and freestanding facilities. Leases running 15 to 20 years are typical. Alberto's operates one location in PA. The upscale Italian bistro concept occupies spaces
of 2,000 sq.ft. to 2,500 sq.ft. in regional malls. Plans
call for three openings in 1995 and 10 openings in 1996.
Expansion will take place in NY, NJ, CT, PA and DE. Major Steakhouse operates two locations in NY. The sit down, full-service restaurants occupy
spaces of 7,000 sq.ft. in downtown store fronts and suburban freestanding facilities. Plans call for six openings in the coming 18
months. Expansion will take place in NJ, NY
and CT. Wok 'N Roll operates 15 locations in NY, NJ, PA,
OH and HI. The Chinese fast-food restaurants
occupy spaces of 600 sq.ft. to 1,400 sq.ft. in regional malls, airports and within mass
merchandisers and supermarkets. Plans call
for 10 openings in the coming 18 months. Expansion
will take place in MA, CT, NY, NJ, RI, PA, GA, OH, TX and HI. Leases running 10 years are typical. Hospitality Associates trades as a franchisee of
Fuddruckers at seven locations in NY, NJ and PA. The
restaurants occupy spaces of 5,000 sq.ft. to 6,000 sq.ft. in freestanding facilities. Plans call for four openings in 1995 and six
openings in 1996. Expansion will take place
in PA and Southern NJ. 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. TCBY
Enterprises, Inc. trades as TCBY at 3,000 locations nationwide and internationally. The ice cream and yogurt stores occupy spaces of
1,200 sq.ft. in strip centers, regional malls and downtown store fronts. Growth opportunities are sought nationwide. For more information, contact Mike Odom, TCBY
Enterprises, Inc., 1100 TCBY TWR/ 425 W. Capital, Little Rock, AR 72201; 501-688-8229, Fax
688-8246. Mr.
Gatti's Inc. trades as Mr. Gatti at 210 locations in AL, AR, FL, GA, IN, KY, LA, MS, MO,
NC, OH, SC, TN, TX, VA and WV. The
restaurants occupy spaces of 10,000 sq.ft. using in-line locations and freestanding
facilities. Growth opportunities are sought
in the existing markets. For more information, contact Tom Ratcliffe, Mr.
Gatti's Inc., 444 Sidney Baker S., Kerrville, TX 78028; 210-257-2000, Fax 257-2003. Mrs.
Fields, Inc. trades as Mrs. Field Cookies at 300 locations nationwide. The cookie stores occupy spaces of 800 sq.ft. to
2,000 sq.ft. in regional malls. Plans call
for 20 openings in the coming 18 months. Expansion
will take place nationwide. Leases running 10
years are typical. For more information, contact Russ Smith, Mrs.
Fields, Inc., 333 Main Street, PO Box 4000, Park City, UT 84060; 801-649-1304, Fax
645-2143. Lone
Star Steakhouse & Saloon, Inc. trades as Lone Star Steakhouse & Saloon at 109
locations nationwide. The restaurants occupy
spaces of 5,500 sq.ft. in end caps, strip centers and freestanding facilities. Plans call for 45 openings in the coming 18
months. Expansion will take place nationwide. The company also plans to open 10 restaurants
internationally. Leases running three to five
years with options up to 20 years are typical. For more information, contact Ward Lawrence, Lone
Star Steakhouse & Saloon, Inc., 224 E. Douglas/ Suite 700 Wichita, KS 67202;
316-264-8899, Fax 264-5988. Flying
Tomato, Inc. trades as Flying Tomato Pizza at 17 locations in IL, IN, OH and TX. The pizza shops occupy spaces of 1,000 sq.ft. to
2,500 sq.ft. in regional malls, outlet, power, specialty and strip centers. Preferred anchors include Wal*Mart, Kmart, T.J.
Maxx and supermarkets. Plans call for the
opening of three units in the coming 18 months. Expansion
will take place in IL and IN. Preferred
demographics include a population of 200,000 within 20 miles earning $25,000 as the
average income. Leases running five to 10
years are typical. For more information, contact A. Ralph Senn,
Flying Tomato, Inc., 313 North Mattis, Champaign, IL 61826-3189; 217-351-1020, Fax
351-0920. La
Salsa Franchise, Inc. trades as La Salsa at 47 locations in CA, VT, CO and AZ. The fast food Mexican restaurants occupy spaces of
500 sq.ft. to 1,500 sq.ft. in regional malls, downtown store fronts, power and strip
centers. Preferred anchors include Lord &
Taylor. Plans call for 29 openings in the
coming 18 months. Expansion will take place
in WA, OR, CA, NM, AZ, VT, CO, TX, FL, NY and Washington, D.C. Preferred demographics include a population of
35,000 within three miles earning $35,000 as the average income. Leases running five years
with options are typical. The company is
franchising. For more information, contact Larry Sarokin, La
Salsa Franchise, Inc., 11601 Santa Monica Boulevard, Los Angeles, CA 90025; 310-575-4233. Outback
Steakhouse operates 230 locations in 33 states. The
restaurants occupy spaces of 6,200 sq.ft. in strip centers and freestanding facilities. Preferred anchors include Pier 1, Blockbuster
Video and movie theaters. Plans call for 90
openings in the coming 18 months. Expansion
will take place in the Western region. Preferred
demographics include a population of 30,000 within five miles earning $35,000 as the
average household income. Leases running five
years are typical. The company is
franchising. For more information, contact Denny Rouse, Outback
Steakhouse, 550 North Reo Street/ Suite 204, Tampa, FL 33609; 813-282-1225, Fax 282-1209. Daka
International, Inc. trades as Fuddruckers at 162 locations in 28 states. The restaurants occupy spaces of 4,800 to 5,900
sq.ft. in regional malls, power centers and freestanding facilities. Preferred anchors include movie theaters and
big-box users. Plans call for 25 openings in
the coming 18 months. Expansion will take
place in WA, NV, LA and AL. Preferred
demographics include a population of 80,000 within five miles earning $40,000 as the
average income. Leases running 15 years are
typical. The company is franchising. For more information, contact William T. Freeman,
Daka International, Inc., 55 Ferncroft Road, Danvers, MA 01923-4001; 508-774-9900, Ext.
4604, Fax 774-8485. International
Dairy Queen, Inc. trades as Dairy Queen at 5,600 locations nationwide. The fast food restaurants serve burgers, fries,
sodas and ice cream while using spaces of 2,000 sq.ft. to 2,500 sq.ft. in strip centers,
end caps and freestanding facilities. Growth
opportunities are sought nationwide. Leases
running seven to 10 years are typical. For more information, contact Eric LaVanger,
International Dairy Queen, Inc., PO Box 39286, Minneapolis, MN 55439-0286; 612-830-0200,
Fax 830-0450. Wall
Street Deli, Inc. trades as Wall Street Deli at 125 locations nationwide. The restaurants use food court spaces of 600
sq.ft. to 800 sq.ft. and in-line spaces of 3,000 sq.ft.
Plans call for 12 openings in the coming 18 months.
Expansion will take place nationwide. Leases running 10 years are typical. For more information, contact Jeffrey V. Kaufman,
Wall Street Deli, Inc., 3514 Lornaridge Road, Birmingham, AL 35216; 205-822-3960, Fax
822-5241. My
Favorite Muffin Too, Inc. trades as My Favorite Muffin at 55 locations nationwide. The stores, selling muffins, pastries and cookies,
occupy mall unit spaces of 500 sq.ft. to 600 sq.ft. and cafe unit spaces of 2,500 sq.ft.
to 3,000 sq.ft. in strip centers. Plans call
for up to 50 openings in the coming 18 months. Expansion
will take place east of the Mississippi River. For more information, contact Ron Sommers, My
Favorite Muffin Too, Inc., 15 Engle Street/ Suite 302, Englewood, NJ 07631; 201-871-0370,
Fax 871-7168. McDonalds
Corp. trades as McDonalds at 260 locations in RI, CT, MA and NY. The restaurants occupy spaces of 1,500 sq.ft. to
2,500 sq.ft. in freestanding facilities. Plans
call for the opening of 14 traditional units and 20 non-traditional units of 1,500 sq.ft. Expansion will take place in the existing markets. For more information, contact Larry Carozella,
McDonalds Corp., 300 Dayhill Road, Windsor, CT 06095; 203-683-2200, Fax 683-2213. Kentucky
Fried Chicken operates 5,100 locations nationwide. The
fast food restaurants occupy freestanding facilities on a land area of 35,000 sq.ft. Preferred anchors include supermarkets and
discount department stores. Plans call for 40
openings in the coming 18 months. Expansion
will take place nationwide. Preferred
demographics include a population of 30,000 within one and one-half miles. Leases running 15 years are typical. The company is franchising. For more information, contact David Cattell,
Kentucky Fried Chicken, PO Box 32070, Louisville, KY 40213; 502-456-8300, Fax 456-8848. Fox's
Pizza Den, Inc. trades as Fox's Pizza Den at 157 locations in PA, OH, MD, VA, WV, NY, GA
and AL. The restaurants occupy spaces of
1,000 sq.ft. to 1,500 sq.ft. in strip centers and freestanding facilities. Plans call for 20 openings in the coming 18
months. Expansion will take place in the
existing markets. Leases running five years
with a five-year renewal option are typical. For more information, contact Jim Fox, Fox's Pizza
Den, Inc. 3243 Old Frankstown Road, Pittsburgh, PA 15239; 412-733-7888. Sea
Galley Stores, Inc. trades as Sea Galley at 17 locations in WA, AK and ID. The restaurants occupy spaces of 6,500 sq.ft. to
8,500 sq.ft. in freestanding facilities. Plans
call for three openings in the coming 18 months. Expansion
will take place in the existing markets. Preferred
demographics include a population of 100,000 within 50 miles earning at least $30,000 as
the average income Leases running ten years are typical.
The company is franchising. For more information, contact Kyle Kumasaka, 7116
220 S.W. Lynwood, WA 98046; 206-775-0411, ext. 203. Shoe
Store Chains Size Up Need for New Sites Bee-Gee
Shoe Corp., which has operates the El-Bee Shoe store chain for over 25 years, is rolling
out a concept called Shoebilee. The company's
newest format features bookcase-style shoe displays, accent and back wall lighting and
focus panels in addition to a children's area that features a video screen. Developed last year, Shoebilee stores offer shoes
for the entire family, including major name-brand shoes not found in the El-Bee Shoe
stores. Currently, Shoebilee operates three
locations in OH and PA. The stores use spaces
of 5,000 sq.ft. to 7,000 sq.ft. in outlet, power, strip and value retail centers. Preferred anchors include women's fashion stores,
T.J. Maxx, Marshalls, Fashion Bug, Sears and Wal*Mart.
The company plans aggressive expansion by adding 10 stores in 1995, another 15 to
20 stores in 1996, and 20 to 25 stores in 1997. Expansion
will take place in IL, MI, OH, IN, Western NY and Western PA. Preferred demographics include a population of
40,000 within five miles earning $45,000 as the average household income. The 120-unit El-Bee Shoe chain operates locations
in OH, IL, IN, MI and PA. The stores occupy
spaces of 5,000 sq.ft. to 7,000 sq.ft. in power and outlet centers. Preferred anchors include women's fashion stores,
T.J. Maxx, Marshalls and supermarkets. The
company plans to convert El-Bee Shoe stores to Shoebilee stores are their leases expire. For more information, contact Robert L. Bedore,
Bee-Gee Shoe Corp., 3055 Kettering Boulevard/ Suite 200, Dayton, OH 45439; 513-643-7405,
Fax 643-7460. Red
Wing Shoe Co., trades as Red Wing Shoe Store at 400 locations nationwide. The stores occupy spaces of 1,000 sq.ft. to 1,500
sq.ft. in strip centers. Plans call for 12
openings in the coming 18 months. Expansion
will take place nationwide. Leases running
three years with a three-year option or five years with a five-year option are typical. For more information, contact John Key, Red Wing
Shoe Co., 314 Main Street, Red Wing, MN 55066; 612-388-8211, Fax 388-7415. Felts
Family Shoe Stores trades as Felts Shoes at nine locations in AR and OK. The stores occupy spaces of 1,800 sq.ft. in strip
centers and downtown store fronts. Preferred
anchors include Wal*Mart and supermarkets. Plans
call for two openings in the coming 18 months. Expansion
will take place in OK. Preferred demographics
include a population of 40,000 within 10 miles earning $40,000 as the average income. Leases running three to five years are typical. For more information, contact Byrce Felts, Felts
Family Shoe Stores, 107 North Muskogee Street, Tahlequah, OK 74465; 918-456-3220. Tradehome
Shoe Stores, Inc. does business as Tradehome Shoes at 67 locations in IA, MN, SD, ND, WI,
NE, MI and KS. The family shoe stores occupy
spaces of 2,400 sq.ft. in regional malls. Growth
opportunities are sought in the existing markets. Leases
running five years with options are typical. For more information, contact Donald Mains,
Tradehome Shoe Stores, Inc., 429 North Prior Avenue, St. Paul, MN 55104; 612-646-1345, Fax
646-2705. Shoe
Carnival, Inc. trades as Shoe Carnival at 89 locations in AL, GA, IA, IL, IN, KS, KY, MI,
MN, MO, NC, OH, SC, TN and WV. The stores,
which sell shoes, accessories and athletic clothing, occupy spaces of 10,000 sq.ft. in
power and strip centers. Plans call for 10
openings in the coming 18 months. Expansion
will take place in the Midwest. For more information, contact Paul Kinney, Shoe
Carnival, Inc. 8233 Baumgart Road, Evansville, IM 47711; 812-867-4105, Fax 867-4243. Home
Furnishings & Housewares Westco
Group Inc. trades as Mattress Warehouse and Sleepfair at 52 locations in OH, KY, TN and
IN. The bedding stores occupy spaces of 5,000
sq.ft. to 10,000 sq.ft. in power centers and freestanding facilities. Preferred anchors include Wal*Mart, Target, Kmart,
home improvement stores and supermarkets. Plans
call for up to 10 openings in the coming 18 months. Expansion
will take place in the existing markets. Preferred
demographics include a population of 100,000 within three miles earning an average income
of $40,000. Leases running five years are
typical. For more information, contact Jack Williams,
Westco Group, Inc., c/o Russ Price Realty Co., 1745 Merriman Road/ Suite 300, Akron, OH
44313; 216-864-1966, Fax 864-2815. Pier 1
Imports operates 635 locations nationwide. The
home furnishings stores occupy spaces of 9,000 sq.ft. in freestanding facilities and power
centers. Preferred anchors include Marshalls
and Borders Books. Plans call for 50 openings
in the coming 18 months. Expansion will take
place nationwide. For more information, contact Director of Real
Estate, Pier 1 Imports, 301 Commerce Street, Fort Worth, TX 76102; 817-878-8000, Fax
878-7888. Euromarket
Design, Inc. trades as Crate and Barrel at 51 locations in CA, IL, MA, ME, MN, TX, VA, MD,
FL, GA, MI, NY and Washington, D.C. The
housewares/home furnishings stores occupy spaces of 13,000 sq.ft. in regional malls. Preferred anchors include Nordstroms, Banana
Republic and specialty stores. Plans call for
five openings in the coming 18 months. Expansion
will take place in NY, NJ, CA and CT. Preferred
demographics include a population of 50,000 within five miles earning $60,000 as the
average household income. Leases running 15
years are typical. For more information, contact Steve Nulsen,
Euromarket Design, Inc., 725 Landwehr Road, Northbrook, IL 60062; 708-272-2888, Fax
272-6841. Lamps
Plus, Inc., trades as Lamps Plus at 39 locations in CA, NV, CO, AZ and WA. The lighting, ceiling fans and accessories stores
occupy spaces of 11,000 sq.ft. to 12,000 sq.ft. in power centers and freestanding
facilities. Plans call for up to four
openings in 1996. Expansion will take place
in OR and TX. For more information, contact Jerry Bass, Lamps
Plus, Inc., 20250 Plummer Street, Chatsworth, CA 91311; 818-886-5267, Fax 886-1011. William
Sonoma, Inc. trades as William Sonoma and Pottery Barn at 217 locations nationwide. Offering upscale housewares, the William Sonoma
stores occupy spaces of 4,000 sq.ft. to 6,000 sq.ft. and the Pottery Barn stores occupy
spaces of 6,000 sq.ft. to 10,000 sq.ft. in regional malls, specialty centers and
freestanding facilities. Plans call for up to
40 openings in the coming 18 months. Expansion
will take place nationwide. Leases running 10
to 12 years are typical. For more information, contact Arthur Tropp,
William Sonoma, Inc., 100 North Point Street, San Francisco, CA 94133; 415-421-7900, Fax
983-9887. Corning
Consumer Products Co. trades as Corning Revere Factory Stores at more than 150 locations
nationwide. The stores, selling Corning Ware,
Pyrex, Revere Ware, Corelle and Vision products, occupy spaces of of 4,500 sq.ft. in
outlet centers. Growth opportunities are
sought nationwide. For more information, contact Carl Hook, HP-E-1-8,
Corning, NY 14381; 914-771-8074. Midwest
Regional Marketing trades as Floor To Ceiling Stores at 29 locations in MN, IL, IA, SD, NE
and WI. The interior home decor stores,
specializing in ceiling fans, occupy spaces of 6,000 sq.ft. to 12,000 sq.ft. in strip
centers and freestanding facilities. Plans
call for up to three openings in the coming 18 months.
Expansion will take place in the existing markets. For more information, contact Craig Rasmussen,
Midwest Regional Marketing, 216 N. River Ridge Circle, Burnsville, MN 55337; 612-890-8979,
Fax 890-3818. The
Kitchen Works, Inc. trades as The Kitchen Works at 14 locations in PA, OH, WV and MD. The housewares stores, selling cooking and food
preparation products, occupy spaces of 2,400 sq.ft. to 2,600 sq.ft. in regional malls. Growth opportunities are sought in Baltimore, MD,
Washington, D.C. and Pittsburgh, PA. Leases
running seven to 10 years are typical. For more information, contact Stephen Barnett, The
Kitchen Works, Inc., 1805 Louks Road, York, PA 17404; 717-764-3495, Fax 767-5927. Book
Stores: Traditional-Superstore-Offprice-Outlet-Temporary Barnes
and Noble, Inc. trades as Barnes and Noble Superstores at 268 locations nationwide. The bookstores occupy spaces of 25,000 sq.ft. to
30,000 sq.ft. in strip centers. Plans call
for 75 openings in the coming 18 months. Expansion
will take place nationwide. Barnes and Noble, Inc. also trades as B. Dalton at
634 locations nationwide. The traditional
bookstores occupy spaces of 3,400 sq.ft. in regional malls and strip centers. Plans call for 10 openings in the coming 18
months. Expansion will take place nationwide. Barnes and Noble, Inc. also trades as Double Day
Book Shops at 40 locations nationwide. The
traditional bookstores occupy spaces of 2,500 sq.ft. in regional malls, strip centers and
freestanding facilities. Plans call for two
openings in the coming 18 months. One opening
will take place in Louisville, KY and another at an undetermined location. For more information, contact Ann Rucker, Barnes
and Noble, Inc., 105 5th Avenue, New York, NY 10003; 212-633-4062, Fax 807-6033. The
Book Market, Inc. trades as Book Market at 30 locations nationwide. The book stores, operating as temporary units,
occupy spaces of 7,000 sq.ft. to 40,000 sq.ft. in strip centers, regional malls, and
freestanding facilities. Plans call for 70
openings in the coming nine months. Expansion
will take place nationwide. Leases running
two to three months with month-to-month options are typical. For more information, contact John Raines, The Book
Market, Inc., 5915 Casey Drive, Knoxville, TN 37909; 615-558-8187, ext. 30, Fax 558-6249. National
Book Warehouse, Inc. trades as Book Warehouse at 85 locations in 36 states. The bookstores, selling books, computer software,
magazines, stationary, games, puzzles, compact discs, calendars and books on tape, occupy
spaces of 3,000 sq.ft. to 5,000 sq.ft. in manufacturers outlet centers. Preferred anchors include Polo, Speigel and Liz
Claiborne. Plans call for up to 30 openings
in the coming 18 months. Expansion will take
place nationwide. Leases running five years
with options are typical. For more information, contact David Hinkle,
National Book Warehouse, Inc. 5915 Casey Drive, Knoxville, TN 37909; 615-558-8187, ext.
29, Fax 558-6249. Foozles,
Inc. trades as Foozles, An Extraordinary Bookstore at 3 locations in TN, PA and TX. The bookstores, selling books, computer software,
magazines, stationary, games, puzzles, compact discs, calendars and books on tape, occupy
spaces of 10,000 sq.ft. to 25,000 sq.ft. in strip centers and freestanding facilities. Preferred anchors include Marshalls, TJ Maxx, Bed,
Bath and Beyond, Circuit City and other category killer stores. Plans call for up to 15 openings in the coming 18
months. Expansion will take place nationwide. Leases running 10 years with three five-year
options are typical. For more information, contact David Hinkle,
Foozles, Inc. 5915 Casey Drive, Knoxville, TN 37909; 615-558-8187, ext. 29, Fax 558-6249. Buck A
Book operates 21 locations in MA, RI, NH and CT. The
bookstores, selling publishers' over-runs at the fixed price point of $1, occupy spaces of
2,500 sq.ft. to 4,000 sq.ft. in regional malls, power centers and downtown store fronts. Plans call for six openings in the coming 18
months. Expansion will take place in the
existing markets. Leases running three year
are typical. For more information, contact William Stein, c/o
Stein Investment Properties 103 Livebert Road, Newtown, MA 02159; 617-244-6479, Fax
244-6479. The
Book Rack Management, Inc. trades as The Book Rack at 230 locations nationwide. The bookstores, selling mainly used books, occupy
spaces of 1,200 sq.ft. to 1,500 sq.ft. in strip centers.
Growth opportunities are sought nationwide. Leases
running three to five years are typical. For more information, contact Fred Darnell, The
Book Rack Management, Inc., 2715 E. Commercial Boulevard, Ft. Lauderdale, FL 33308;
305-771-4310. Buyers
& Sellers of Commercial Properties Allen
Fuller Co. Realtors is in the market to purchase triple net leased properties for
investors. Potential acquisitions should be
guaranteed by national, credit tenants with at least 15-year leases with increases. Preferred deals show a minimum of a nine percent
cap. The company also has long term net
leased properties with credit tenants for sale throughout the nation, companies include Walgreens, Blockbuster and
Payless. Asking prices start at $500,000. For details, contact David Mufson at
(305-532-0881), Fax (532-0882). H.
Stephen Kirschner, Inc. has the listing to sell regional and community centers with GLAs
ranging from 10,000 sq.ft. to two million sq.ft. In
addition, the company has over 18 million sq.ft. of net leased assets for sale. Tenants are S&P rated BBB+ and higher. The company represents a pension fund REIT that
is seeking power center portfolios in excess of 200,000 sq.ft. and regional malls in
excess of 400,000 sq.ft. Value added
opportunities are preferred. For details, contact H. Stephen Kirschner at
(516-462-2200), Fax (499-3322). James
Doran Company, a real estate investment banker, provides joint venture capital for
development projects with no personal liability or risk to the developer. The company's transaction's range from $3 to $30
million. For details, contact Lawrence Randolph at
(800-204-0512). Kin
Properties, Inc. is in the market to purchase single tenant properties. The company also has the listing to sell a 750,000
sq.ft. industrial property net leased to Kmart in Indiana.
There is no cash flow until November 2003. The
asking price is $3.65 million. For details, contact Lee or Greg Kin at
(914-683-8080), Fax (683-8088). Stanley
Gruber, Inc. is the market to purchase single tenant properties. Preferred deals range in price from $500,000 and
up. All cash transactions are possible. The company will also structure sale-leasebacks
and is interested in purchasing ground leases. For details, contact Stanley Gruber, Inc. at
(516-294-3200), Fax (294-3202). Excell
Fund, L.L.C. is in the market to purchase shopping centers having GLAs over 100,000 sq.ft.
nationwide. Highly preferred acquisitions are
centers with GLAs between 150,000 sq.ft. and 300,000 sq.ft. located in the South-Eastern
part of the country. Preferred centers should
show 25% of the GLA leased to a national credit tenant and have at least a 50% occupancy
rate. Preferred demographics include an SMA
of at least 25,000 population having a median household income of at least $25,000. Sites should be located at lighted intersections
with easy access and visibility. Traffic
counts of at least 25,000 cars per day are preferred.
Other considerations include parking, credit of anchors and tenants, age, quality
of construction, traffic patterns, competition, crime and insurance rating. Prices capped between 10% and 14%, depending on
the upside potential, on existing NOI will be considered.
Down payments typically consist of 25% with the balance either financed through the
seller or a new loan. For details, contact Steven M. Cersonsky at
(303-320-0003), Fax (377-6167). The
Schreiber Company is in the market to purchase neighborhood and community shopping centers
anchored by a supermarket. Properties located
east of the Mississippi River are of interest. For details, contact Marvin Schreiber at
(412-963-1000), Fax (963-0520). Source
Real Estate & Investment Company has the listing sell a six-acre parcel of land in
Clinton Township, MI. The property is zoned
commercial. The site is located adjacent to
Target and Sports Authority. For details, contact Glenn Hirsch at
(810-799-3030), Fax (799-3035). Forest
& Company has the listing to sell Encino Center in San Fernando Valley, CA. The project is located three blocks west of 405
Freeway. The asking price is $2.5 million. The company is also in the market to purchase
anchored shopping centers, with opportunities for expansion, within a 50-mile radius of
Los Angeles, CA. Properties with a cap rate
above 10% are of interest. For details, contact Ira Forest at (818-783-5183),
Fax (783-5191). Colliers
Macaulay Nicolls International brokered the sale of Boulevard Center, a 121,552 sq.ft.
power center anchored by Sports Authority, Office Max, Pacific Linen, Silo and Computer
City. The State of Washington Department of
Natural Resources purchased the property from Opus Properties, Inc. The company also brokered the sale of the 23,514
sq.ft. North Bend QFC Shopping Center and the 56,404 sq.ft. eight-screen General Cinema
Theater and three-story office building in Silverdale, WA. For details, contact Paul Sleeth or J. Terry Moss
at (206-223-0866), Fax (223-1427). KG
Properties has the listing to sell Colonia Plaza in Sacramento, CA. The 57,000 sq.ft. project is mostly vacant. The asking price is $1.9 million with $1.1 million
of financing available. For details, contact Chris Gianvlias at
(916-383-2511), Fax (916-383-9405). Kappa
Properties Co. has the listing to sell 63,000 sq.ft. of the 300,000 sq.ft. West Boca
Square in Boca Raton, FL. The project is
fully leased and has a $400,000 annual cash flow. The
asking price is $4 million. For details, contact Richard Nimtz at
(412-963-2535), Fax (963-3522). Blockbuster
Entertainment Group plans to sell its residential, commercial, industrial and office
properties in western Broward and Dade counties of Florida.
Blockbuster acquired the land for a project that was previously known as
Blockbuster Park. After a study of the site,
the company opted not to build the park. For details, contact Mike Caruso at
(305-832-3199). Capital
Realty Advisors is in the market to purchase strip centers having minimum GLAs of 100,000
sq.ft. Properties located in FL and TX are of
interest. For details, contact Donna McDonald at
(407-744-1088), Fax (744-9374). Cohen
& Company, Inc. has the listing to sell a retail property having over 200,000 sq.ft.
of space, 75% of which is leased to big-box tenants, in the Chicago, IL metropolitan area. The property is offered at an 11% cap and under
$30 psf. For details, contact Phyllis Bosworth at
(212-679-1222), Fax (679-1533). CB
Commercial has the listing to sell a freestanding OfficeMax in Evergreen Park, IL. The 22,937 sq.ft. building, which is under
construction, is triple net leased to OfficeMax for 15 years with three five-year options. The site is located one block west of the 1.2
million sq.ft. Evergreen Plaza which is anchored by Carson Pirie Scott and Montgomery
Ward. The asking price is $2.95 million. For details, contact Ted Buenger, Jim Sakanich or
Joe Parrott at (708-948-5510), Fax (948-8785). Quest
Realty, Inc. has active buyers looking for shopping centers, net-net-net leased
facilities, hotels, golf courses and apartments. For details, contact Sydney Y. Cole at
(813-378-0608), Fax (378-5368). Mid-Atlantic
Funding Corp. is in the market to purchase income producing properties. Properties with prices of $2 million and up are of
interest. For details, contact Ben Goldman at
(301-549-1478), Fax (549-1927). Cameron
Real Estate Services, Inc. has the listing to sell Lakewood Plaza in Naples, FL. The 24,724 sq.ft. strip center is 100% leased to
NNN tenants. The site fronts US 41. The asking price is $1.985 million based on a 10%
cap. The company has the listing to sell
Color Tile Center in Fort Myers, FL. The
9,840 sq.ft. building is 100% leased to NNN tenants with Color Tile as the anchor. The site fronts US 41. The asking price is $892,000. The company also has the listing to sell San
Carlos Shopping Center in South Fort Myers, FL. The
75,760 sq.ft. project is anchored by Winn-Dixie and is 98% leased. Expansion is possible. The site fronts US 41. The asking price is $4.7 million. For details, contact Pamela K. Van Vleck at
(813-277-1111), Fax (277-0536). Berger-Epstein
Associates, Inc. is in the market to purchase shopping centers in PA, NJ, NY, DE and MD,
excluding metro New York City. The company
will consider properties with prices up to $10 million. For details, contact Jeff Epstein or William
Berger at (610-437-7070). HarborView
Properties has the listing to sell a 215,000 sq.ft. shopping center in Fairfield County,
CT. The project, which is 72% occupied, is
anchored by Caldor, Waldbaums, Payless Shoes, McDonald's, Radio Shack, B. Dalton Books,
Dunkin Donuts and People's Bank. Area
demographics include a 10-mile population of 463,000.
The asking price is $9 million. The
company also has the listing to sell a 54,000 sq.ft. strip center in Ocean County, NJ. The 66% occupied project is anchored by a tile
store, a paint store and a marine store, all of which are major credit tenants. The asking price is $2.5 million. For details, contact Dale Kaufteil (Fairfield
site) or Kevin O'Brien (Ocean County site) at (914-698-8877), Fax (698-9088). CB
Commercial has the listing to sell the 10,000 sq.ft. Lerner Building in downtown Fort
Worth, TX. The site is located adjacent to
the Sundance Square development and is suited for ground floor retail use with office
space above. The asking price is $525,000. For details, contact William Behr at
(817-861-7711), Fax (861-7731). GP
Properties is in the market to purchase retail properties having GLAs of at least 100,000
sq.ft. Properties in the Northeast and CA are
of interest. For details, contact Mark Perechocky at
(612-742-4921), Fax (720-5475). Prime
Locations has the listing to sell the following properties: 1.8 acres of land zoned for
retail use in Cleveland, OH with $87,500 as the asking price. A 16,988 sq.ft. retail
building on .543 acres of land in the Central Business District of Balinger, TX priced at
$140,000. A 31,772 sq.ft. freestanding
retail building on 1.017 acres of land in Carrizo Springs, TX priced at $255,000. A 32,546 sq.ft. freestanding retail building on
7.98 acres of land in Devine, TX with an asking price of $795,000. A 21,364 sq.ft. freestanding retail building on
2.95 acres of land in Floresville, TX with $335,000 as the asking price. A 10,215 sq.ft. retail building on .248 acres of
land in the Central Business District of Monahans, TX and the asking price is $99,500. A 10,500 sq.ft. retail building on .244 acres of
land in the Central Business District of Robstown, TX priced at $95,000. A 32,546 sq.ft. freestanding retail building on
3.42 acres of land in San Antonio, TX with an asking price of $850,000. For details, contact Jennifer Jones at
(214-991-7000), Fax (991-1218). In
College Station, TX, 14.7 acres of land, zoned retail, restaurant, hotel, apartment and
commercial, are available for sale. The site
fronts Business Highway #6 and Hollerman Drive which generate a daily traffic count of
47,890 cars. Located within one mile of the
site is Post Oak Mall anchored by Dillard's, Foley's, Sears, J.C. Penney, Bealls and
Service Merchandise. Other retailers of the
area include H.E.B., Target, T.J. Maxx, Toys 'R Us, Kroger, Pier 1 Imports, Circuit City,
Winn Dixie, Apple Tree, Eckerd Drug, Olive Garden, El Chico, Fuddruckers, Outback
Steakhouse, Pelican Wharf, Bennigans, Chili's and Red Lobster. The asking price is $4.50 sq.ft. For details, contact Dixie Dale at (409-846-1754). Westage
Corporation has the listing to sell a 20-acre parcel of land approved for 150,000 sq.ft.
of retail space in Fishkill, NY. The site is
adjacent to Wal*Mart and Sam's Club. For details, contact Kevin Marrinan at
(914-897-3135), Fax (897-3226). The
Midland Group announces the sale of 11 shopping centers valued at $50 million. The seller, represented by Van Enterprises, was
Cecil Van Tuyl and the buyer, represented by Midland Group and THF Realty, was Stan
Kroenke. The centers encompass over 700,000
sq.ft. of leasable space and are 98% occupied. Seven
of the properties are located in Johnson County, KS, two in Tucson, AZ, one in Sedona, AZ
and one in Council Bluffs, IA. For details, contact John Rubenstein at
(913-362-1999). ARC
Properties, Inc. is looking to purchase existing centers or land ready to develop in the
New York metro area. For details, contact Ed Jaten at (201-345-1900,
ext. 114). TKO/Real
Estate Advisory Group has the listing to sell a freestanding Kmart with three years
remaining on its lease. The site is located
in the Midwest. The company has the listing
to sell an enclosed mini-mall in New England. The
asking price is $12 million. The company also
is in the market to purchase retail centers nationwide.
Projects having GLAs of at least 200,000 sq.ft. are of interest. Prices of up to $70 million for a package of
centers will be considered. For details, contact Ted Kraus at (609-587-6200),
Fax (587-3511). Going
High Tech in The Real Estate & Retail World National
Research Bureau (NRB), publisher of the Shopping Center Directory, an annual four-volume
informational guide of shopping centers across the United States, announces that its
latest edition will be available on CD-ROM. Entitled
Shopping Center Directory on CD-ROM, the program features 10 indexes for fast searches by
GLA, geography, center name, center contact, construction status, opening date, market
positioning strategy, center type, store name and top contacts. Additionally, 11 of NRB's most popular shopping
center reports can be customized by area, then printed from your computer. Computer requirements to run this program include
a PC having a minimum 386 processor, preferably having a 486 processor; 4M of RAM; 2x
CD-ROM drive; SVGA monitor; Windows 3.1 or higher and a mouse. For more information and a demo disk, call
800-456-4555. Federal
Government mandates will limit access to reports by the US Census Bureau. In the near future, the only avenue to retrieve
federal, state, county and local census reports will be via the information highway. Most current reports on government finance and
public employment data will be replaced with fact sheets with the more detailed versions
of the documents available only on the census bureau's Internet gopher server. Instructions on how to access the information is
available through fact sheets or by sending an E-mail message to pio@census.gov. For more information, contact Henry Wulf at
(800-242-1484). Yardi
Systems, a maker of software systems for the management of real property assets and
portfolios, recently released a new management system which runs on Windows. The new system, called Yardi Advantage, is a new
generation of real estate management software which incorporates accounting capabilities
into a flexible relational database. The
system is able to perform instantaneous cash and accrual accounting simultaneously. For multi-site applications, the system allows
site managers to enter data directly and then automatically posts and up-dates entries
system wide. It enhances the audit trail and
offers customizable security. The typical
Yardi Advantage package, which includes site management, full featured accounting and
reporting, and property management capabilities, sells for about $12,000. It runs on a stand-alone PC or a PC network. Service costs about 15% of the purchase price per
year. For more information, contact Yardi Systems at
(800-866-1144). Sybase,
Inc. and Silicon Graphics, Inc. announced plans that will improve the way people do
business on the Internet. Businesses who set
up electronic storefronts on the Internet will be able to do more than advertise their
products through the use of Sybase's software package and Silicon Graphic's hardware
systems. Sybase's program will allow
companies to manage a cyberstore's inventory, issue catalogs, manage on-line purchases and
handle shipping. Silicon Graphic's computers
will present the cyberstore in a multimedia mix of images, sounds and text. The services are expected to be available this
summer. For more information, contact Sybase, Inc. at
(510-922-3500) or Silicon Graphics, Inc. at (415-960-1980). Jupiter
Communications publishes a newsletter
entitled Online Marketplace, which offers a guide to doing business online. The newsletter is designed to answer questions
such as what are the demographics of the online shopper? How many consumers have access to
the World Wide Web from home? What kind of sales are online catalogs currently generating
and what will the numbers be in the next three to five years? For more information, contact Adam Schoenfeld of
Jupiter Communications at (212-941-9252). MCI
Communications Corp. recently began offering an electronic shopping mall to Internet users
in 64 cities. Called marketplaceMCI, the
service allows people to buy computer equipment, merchandise, flowers, exercise equipment,
coffee, outdoor gear, insurance, reserve a room and purchase train tickets. Companies participating include Dun &
Bradstreet Information Services, Hammacher Schlemmer & Co., OfficeMax, Inc.,
Intercontinental Florists, National Wildlife Galleries, Doneckers, Aetna Life &
Casualty, Amtrak, Borders, Inc., Healthrider and Timberland. In addition to marketplaceMCI, OfficeMax is also
offering services through Prodigy, CompuServe and America Online. For more information, contact MCI Communications
Corp. at (800-888-0800). Convenience
Stores Shipley
Stores, Inc. trades as Tom's at 44 locations in PA.
The convenience stores occupy spaces of 1,500 sq.ft. in freestanding facilities. Plans call for three openings in the coming 18
months. Expansion will take place in the
existing market. A 10-year lease is typical. For more information, contact Russ Baroloff,
Shipley Stores, Inc., 550 E. King Street, York, PA 17402; 717-771-1816, Fax 854-5496. CFM
Marketing Systems, Inc. trades as Convenient Food Mart at 13 locations in IA and NE. The convenience stores, which plan to sell
gasoline at future locations, occupy spaces of 3,000 sq.ft. in strip centers and
freestanding facilities. Growth opportunities
are sought in the existing markets. For more information, contact Bill Ashley, CFM
Marketing Systems, Inc., 11409 Davenport Street, Omaha, NE 68154; 402-330-4412, Fax
330-4413. Chico
Dairy Company trades as Dairy Mart Foods and Hero Hut at 39 locations in MD, PA, OH and
WV. The convenience stores, which also sell
gasoline, occupy spaces of 3,500 sq.ft. to 3,800 sq.ft. on corner lots in freestanding
facilities. Plans call for the opening of
four units in the coming 18 months. Expansion
will take place in WV and PA. For more information, contact Sam Chiro, Jr.,
Chico Dairy Company, 331 Beechurst Avenue, Morgantown, WV 26505; 304-292-9433, Fax
292-1527. Midjit
Market, Inc. trades as Green Valley Grocery at 15 locations in NV. The convenience stores, which also sell deli items
and gasoline, occupy spaces of 3,000 sq.ft. in freestanding facilities. Plans call for two openings in 1996. Expansion will take place in the existing market. For more information, contact Richard Crawford,
Midjit Market, Inc., 3915 West Twain Avenue, Las Vegas, NV 89103; 702-367-0056, Fax
367-9838. Certified
Oil Co. trades as Certi-Mart at 52 locations in OH, KY and WV. The convenience stores occupy spaces of 1,500
sq.ft. in freestanding facilities. Plans call
for three openings in the coming 18 months. Expansion
will take place in OH and KY. For more information, contact Michael Auld,
Certified Oil Co., 949 King Avenue, Columbus, OH 43212; 614-421-7500, Fax 421-6525. Alaskan
Oil, Inc. trades as A.O.K. at 25 locations in NY. The
convenience stores occupy spaces of 1,000 sq.ft. in freestanding facilities. Plans call for two openings in the coming 18
months. Expansion will take place in Central
NY. For more information, contact Donald Neugebauer,
Alaskan Oil, Inc., 500 Solar Street, Syracuse, NY 13204; 315-471-6496, Fax 479-6698. The
Circle K Corp. trades as Circle K at 2,500 locations in the United States and an
additional 2,500 locations in 22 countries. The
convenience stores, which also sell gasoline, occupy spaces of 3,500 sq.ft. in
freestanding facilities on one acre of land. Plans
call for up to 40 openings in the coming 18 months. Expansion
will take place in FL, NC, SC, TX, AZ, NV and CA. For more information, contact Paul Hazlinger, The
Circle K Corp., 3003 North Central Avenue/ 17th Floor, Phoenix, AZ 85012; 602-437-0600,
Fax 530-5167. Lead
Sheet Frank's
Nursery & Crafts, Inc. dba
Frank's Nursery and Crafts Kristen
Frohn 6501
E. Nevada Avenue Detroit,
MI 48234 313-564-2169,
Fax 564-2250 Arts
& Crafts The
267-unit chain operates locations east of the Mississippi River as well as in MO and MN. The stores, selling arts, crafts and nursery
items, occupy spaces of 40,000 sq.ft. in power and strip centers as well as freestanding
facilities. Plans call for up to 10 openings
in the coming 18 months. Expansion will take
place in the existing markets. The company is
also looking for 150 locations for its new concepts, Christmas By Frank, In The Garden
with Franks, Kids Craft and At Home with Franks. United
Equities, Inc. dba
Garden Ridge Buster
Freedman 6909
Ashcroft/ Suite 200 Houston,
TX 77081 713-772-6262,
Fax 981-4035 Home
Decor The
eight-unit chain operates locations in the Southeast.
The stores, selling crafts, housewares, pottery, party supplies, floral home
accents, candles, baskets, pictures and seasonal items, occupy spaces of 140,000 sq.ft. in
power centers and freestanding facilities. Plans
call for up to seven openings in the coming 18 months.
Expansion will take place within a 300 to 400-mile radius of Atlanta, GA. The
Pep Boys-Manny, Moe and Jack dba
The Pep Boys Mike
Holden 3111
W. Allegheny Avenue Philadelphia,
PA 19132 215-229-9000,
Fax 229-5083 Automotive The
436-unit chain operates locations nationwide. The
automotive service centers, which also sell parts and accessories, occupy spaces of 22,500
sq.ft. in power centers and freestanding facilities.
Plans call for 50 super center openings and 25 Parts USA (which have no service
bays) openings in the coming 18 months. Expansion
will take place nationwide. Ashland
Oil Inc. dba
Valvoline Instant Oil Change Casey
Brusch PO Box
14046 Lexington,
KY 40512 800-622-6846,
Fax 606-264-7049 Automotive The
443-unit chain operates locations nationwide. The
automotive service centers occupy freestanding facilities of 15,000 sq.ft. Plans call for 60 openings in the coming 18
months. Expansion will take place in the
Midwest, Southeast, Northeast and Western regions. Eagle
Cleaners Bob
Turner 1750
University Drive/ Suite 2 Coral
Springs, FL 33071 305-346-9501,
Fax 346-9505 Cleaners The
100-unit chain operates locations in AL, CT, DE, FL, GA, IL, MA, MD, NC, NJ, OH, SC, TX,
VA, NY, TN and Washington, D.C. The stores,
offering drycleaning, clothing alterations and shoe repair, occupy spaces of 1,200 sq.ft.
to 1,500 sq.ft. in strip centers and freestanding facilities. Plans call for up to 100 openings in the coming 18
months. Expansion will take place in the
existing markets. Leases running 10 years are
typical. Egghead
Discount Software Mark
K. Comstock 22011
SE 51st Street Issaquah,
WA 98027 206-391-5820,
Fax 391-6180 Computer The
170-unit chain operates locations throughout North America.
The computer software and accessories stores occupy spaces of 2,000 sq.ft. to 4,000
sq.ft. in strip centers and 6,000 sq.ft. to 7,000 sq.ft. in freestanding facilities. Plans call for 10 openings in the coming 18
months. Expansion will take place nationwide. Leases running three years with options are
typical. U.S.
Factory Outlets, Inc. dba
U.S. Factory Outlets Frederic
Raiff Seven
Penn Plaza New
York, NY 10001 212-563-3650,
Fax 967-9872 Discount
Stores The
23-unit chain operates locations nationwide. The
discount stores, selling general merchandise, apparel and closeouts at bargain prices,
occupy spaces of 30,000 sq.ft. to 52,000 sq.ft. in regional malls, power and strip
centers. Growth opportunities are sought
nationwide. Big B,
Inc. dba
Big B, Drugs for Less Steve
Taylor 2600
Morgan Road S.E. Vesemer,
AL 35023 205-424-3421,
Fax 426-8748 Drug
Store The
301-unit chain operates locations in GA, FL, TN, MS and AL.
The stores occupy spaces of 10,000 sq.ft. to 29,000 sq.ft. in strip centers. Plans call for up to 20 openings in the coming 18
months. Expansion will take place in the
Southeast region. Melville
Corp. dba
CVS (Consumer Value Stores) Dennis
McMullen One
CVS Drive Woonsocket,
RI 02895 401-765-1500,
Fax 769-6593 Drug
Store The
1,350-unit chain operates locations in ME, NH, CT, VT, MA, RI, NY, NJ, PA, MD, VA and
Washington, D.C. The stores occupy spaces of
8,000 sq.ft. to 11,000 sq.ft. in regional malls, strip centers, downtown store fronts and
freestanding facilities. Plans call for 100
openings in the coming 18 months. Expansion
will take place in the existing markets. Carmike
Cinemas, Inc. dba
Carmike Cinemas Brenda
Blum PO Box
391 Columbus,
GA 31994 706-576-3400,
Fax 576-3441 Entertainment The
500-unit chain operates 2,000 screens at locations nationwide. The movie theaters occupy spaces of 25,000 sq.ft.
in regional malls, power centers and freestanding facilities. Growth opportunities are sought nationwide. Hancock
Fabrics, Inc. dba
Minnesota Fabrics, Fabric Warehouse William
Smothers PO Box
2400 Tupelo,
MS 38803 601-842-2834,
Fax 842-3870 Fabric The
500-unit chain operates locations nationwide. Selling
fabrics, the stores occupy spaces of 12,000 sq.ft. in community, power and strip centers
as well as freestanding facilities. Plans
call for 30 openings in the coming 18 months. Expansion
will take place nationwide. Leases running 10
years with options are typical. Bills
Dollar Store, Inc. dba
Bills Dollar Store Merill
Sizemore 3800
Interstate 55 North Jackson,
MS 39211 601-981-7171,
Fax 366-4823 General
Merchandise The
460-unit chain operates locations in AL, FL, GA, MO, TN, LA, MS, TX, OK, KS, SC and KY. The stores, selling general merchandise at low
prices, occupy spaces of 6,000 sq.ft. to 8,000 sq.ft. in strip centers, downtown store
fronts and freestanding facilities. Plans
call for 20 openings in the coming 18 months. Expansion
will take place in the existing markets. Fantastic
Sam's International, Inc. dba
Fantastic Sam's Dick
Williams 3180
Old Getwell Road Memphis,
TN 38118 901-363-8624,
Fax 363-8946 Hair
Salon The
1,270-unit chain operates locations worldwide. The
stores occupy spaces of at least 2,500 sq.ft. in strip centers. Growth opportunities are sought worldwide. Regis
Corporation dba
Master Cuts Christopher
Fox 7201
Metro Boulevard Minneapolis,
MN 55439 612-947-7777,
Fax 947-7900 Hair
Salon The
280-unit chain operates locations nationwide. The
stores, catering primarily to men and children, occupy spaces of 1,000 sq.ft. in regional
malls. Plans call for up to 20 openings in
the coming 18 months. Expansion will take
place nationwide. Gold's
Gym Enterprise dba
Gold's Gym Rich
Minzer 358
Hampton Drive Venice,
CA 90291 310-392-4605 Health
Spa The
480-unit chain operates locations worldwide. The
health clubs occupy freestanding facilities of at least 12,000 sq.ft. Plans call for up to 80 openings worldwide. Only written proposals are accepted. Kmart
Corporation dba
Builders Square Ann
Strick 9725
Data Point Drive San
Antonio, TX 78229 210-616-8555,
Fax 616-8600 Home
Improvement The
184-unit chain operates locations nationwide. The
stores occupy spaces of 145,000 sq.ft. on 12 to 13 acres of land in strip centers and
freestanding facilities. Plans call for 15
openings in the coming 18 months. Expansion
will take place in FL, TX, MI, IL and PA. Preferred
demographics include a population of 200,000 within 10 miles earning $35,000 to $45,000 as
the average income. The number of privately
owned residences should be at least 70,000. Leases
running 25 years with 10 five-year options are typical. Grow
Biz dba
Disc Go Round, Music Go Round Michael
Antikies c/o
Michael Antikies Real Estate 456
Main Street Ridgefield,
CT 06877-4508 203-438-9525,
Fax 438-7570 Music Disc
Go Round and Music Go Round operate locations in NY, NJ and CT. The music stores occupy spaces of 2,000 sq.ft. to
4,000 sq.ft. in shopping centers located within high traffic areas. Growth opportunities are sought in the existing
markets. The company is franchising. Grow Biz also franchises Play It Again Sports,
Once Upon A Child and Computer Renaissance stores with over 1,000 locations operating
nationwide. Eye
Care Centers of America, Inc. dba
Eye Master, Binyon's Joe
Keough 11103
West Avenue/ Suite 111 San
Antonio, TX 78213 210-340-3531,
Fax 340-0123 Optical The
160-unit chain operates locations nationwide. The
stores occupy spaces of 3,500 sq.ft. in regional malls.
Growth opportunities are sought nationwide. Signs
By Tomorrow/USA, Inc. dba
Signs By Tomorrow Joe
McGinnes 6460
Dobbin Road Columbia,
MD 21045 410-992-7192,
Fax 992-7675 Service The
33-unit chain operates locations nationwide. The
sign shops occupy spaces of 1,600 sq.ft. to 1,800 sq.ft. in strip centers. Plans call for 10 openings in the coming 18
months. Expansion will take place in NJ, NY,
MD, PA, WA and OH. Leases running five years
with a five-year option are typical. Start-up
franchises cost between $80,000 and $100,000 and a prospective franchisee is responsible
for finding its location. Calendar
Club, Inc. Jan
Reece 11600
Manchaca Road Austin,
TX 78748 512-280-1650,
Fax 280-6513 Specialty The
250-unit chain operates temporary locations nationwide.
Selling calendars, the stores are open between November 1 and January 15 while
occupying spaces of 140 sq.ft. to 3,000 sq.ft. in regional malls, power and specialty
centers. Preferred anchors include Lord &
Taylor. Plans call for 250 openings in the
coming year. Expansion will take place
nationwide. Preferred demographics include a
population of 300,000 within 20 miles earning $30,000 as the average income. Leases running 10 weeks are typical. Ezcorp.,
Inc. dba
Ezpawn Barbara
Lampley 1901
Capital Parkway Austin,
TX 78746 512-314-3456,
Fax 314-3403 Specialty The
251-unit chain operates locations in AL, AR, CO, GA, IN, MS, OK, TX and TN. The pawn shops occupy spaces of 4,500 sq.ft. to
8,500 sq.ft. in strip centers and freestanding facilities.
Plans call for up to 50 openings in the coming 18 months. Expansion will take place in the existing markets. Ppostnet
International Franchise Corp. dba
Postnet Dayton
Baldwin 2225
East Flamingo, Bldg. 2 Las
Vegas, NV 89119 702-792-7100,
Fax 792-7115 Specialty The
200-unit chain operates locations nationwide. The
postal and business communication stores occupy spaces of 800 sq.ft. to 1,500 sq.ft. in
power, specialty and strip centers as well as freestanding facilities. Preferred anchors include supermarkets. Plans call for 40 openings in the coming 18
months. Expansion will take place nationwide. Leases running five years with a five-year option
are typical. Sharper
Image Laura
Tropt 650
Davis Street San
Francisco, CA 94111 415-445-6000,
Fax 781-5251 Specialty The
75-unit chain operates locations nationwide. The
stores occupy spaces of 950 sq.ft. to 1,000 sq.ft. in regional malls and upscale specialty
centers. Plans call for 10 openings in the
coming 18 months. Expansion will take place
nationwide. The company also has a catalog
business called Sharper Image Spa. The
company also plans to open several Spa stores this year. The
Woolworth Company dba
Woolworth Fred
Williams 233
Broadway New
York, NY 10279 212-553-2000,
Fax 553-7038 Variety
Stores The
8,000 unit retail conglomerate operates locations nationwide. The variety stores use spaces of 10,000 sq.ft. to
25,000 sq.ft. Other divisions of the company,
trading as Foot Locker, Lady Footlocker, Kids Footlocker, Champs, Northern Reflections,
After Thoughts, Accessory Lady, Foot Quarters, Kinney Shoes and San Francisco Music Box,
occupy spaces of 1,800 sq.ft. to 5,000 sq.ft. in regional malls. All divisions are expanding and the company
projects 140 to 160 openings during the coming 18 months.
Growth will take place nationwide. A
10-year lease is the norm. Space
Place Alabama Birmingham- An 86,566 sq.ft. former Hechinger's building is
available for lease. The site has a 27,331
sq.ft. yard/expansion area and is located adjacent to Bellview Plaza and Westview Mall. For details, contact Richard Dugan of Hechinger's
at (301-341-0965). Hueytown- A 12,000 sq.ft. space is available for lease in a
strip center located at the intersection of Hueytown Road and High School Road. In Mobile, an 18,044 sq.ft. space is available for
lease at the Springdale Mall. In Montgomery,
a 28,242 sq.ft space is available for lease at Governors Square fronting E. South
Boulevard. For details, contact Jim Matthews of Prime
Locations Consulting, Inc. at (214-991-7000). California Santa
Fe Springs- A 114,500 sq.ft. freestanding
building is available for lease at Santa Fe Springs Plaza.
The site fronts Telegraph and Painter Roads. For details, contact Mary Ann Savarese of RD
Management Corp. at (212-265-6600). Colorado Lakewood- A 96,800 sq.ft. freestanding building and a 7,838
sq.ft. pad site are available for lease. The
site fronts West Colfax Avenue and Wadsworth Boulevard. For details, contact Mary Ann Savarese of RD
Management Corp. at (212-265-6600). Connecticut Brookfield- White Turkey Plaza is anchored by OfficeMax, TJ
Maxx, Waldbaums and The Wiz. The 141,498
sq.ft. project has spaces available for lease. The
site fronts Candlewood Road and Route 7. In
North Haven, North Haven Shopping Center is anchored by Waldbaums, CVS and Fashion Bug. The 120,000 sq.ft. project has spaces available
for lease. The site fronts Route 22 and
Washington Avenue. In Orange, Edwards Plaza is anchored by TJ Maxx and Edward's
Supermarket. The 162,000 sq.ft. project has
spaces available for lease. The site fronts
Boston Post Road and Peck Lane. For details, contact Mary Ann Savarese of RD
Management Corp. at (212-265-6600). Danbury- Danbury Landing is anchored by The Sports
Authority and Bed Bath and Beyond. The
project has a space of 5,400 sq.ft. available for lease.
The site is located adjacent to Danbury Fair Mall which is anchored by Macy's,
Filene's, Lord & Taylor, Sears and J.C. Penney. In
Woodbridge, Amity Plaza is anchored by Super
Stop & Shop, Discovery Zone, Walgreens, McCrory's, Fashion Bug, Hit or Miss and
Payless Shoes. The project has spaces of
4,560 sq.ft., 9,300 sq.ft., 15,012 sq.ft. and 40,000 sq.ft. available for lease. The site is located at the intersection of Route
15 and Route 63 which generate a daily traffic count of 79,000 cars. Demographics include a five-mile population of
215,090 earning $44,695 as the average household income. For details, contact Michael Antikies (Danbury
Landing) or Marty Sidman (Amity Plaza) of Michael Antikies Real Estate at (203-438-9525),
Fax (438-7570). Florida Fern
Park- Fern Park Shopping Plaza is anchored by
Kmart and Fabri-Centers. A 116,805 sq.ft.
freestanding building is available for lease. The
site fronts Fern Wood Boulevard and Highway #17/92. In
Kissimmee, Town Corral Shopping Center is anchored by Albertsons and Old America Stores. The 230,000 sq.ft. project has spaces available
for lease. The site fronts Bermuda Avenue and
Vine Street. In Tampa, Columbus Plaza Shopping Center is anchored by Kash
& Karry Supermarket and Eckerd Drug. The
155,000 sq.ft. project has spaces available for lease.
The site fronts 10th Avenue and 50th Street. In
Temple Terrace, Temple Terrace Shopping Center is anchored by Kash & Karry Supermarket
and TJ Maxx. The 106,767 sq.ft. project has
spaces available for lease. The site fronts
56th Street and Bush Boulevard. For details, contact Mary Ann Savarese of RD
Management Corp. at (212-265-6600). Largo- A 28,800 sq.ft. space is available for lease at
East Bay Plaza fronting East Bay Drive. In
Tampa, a 26,105 sq.ft. space is available for
lease in a strip center fronting West Hillsborough Avenue.
In Temple Terrace, a 21,500 sq.ft. space is available for lease in a strip center
fronting East Fowler Avenue. For details, contact Jim Matthews of Prime
Locations Consulting, Inc. at (214-991-7000). Georgia Madison- An 8,450 sq.ft. space is available for lease in a
strip center fronting Eatonton Road. In
Marietta, a 10,412 sq.ft. space is available for lease in a strip center fronting Lower
Roswell Road. In Perry, a 7,500 sq.ft. space is available for lease in a
strip center fronting Grant Plaza. In
Riverdale, a 10,125 sq.ft. space is available for lease in a strip center fronting SW GA
Highway 138. In Swainsboro, a 25,000 sq.ft.
space is available for lease in a strip center fronting South Main Street. For details, contact Jim Matthews of Prime
Locations Consulting, Inc. at (214-991-7000). Illinois Belleville-
A 116,700 sq.ft. freestanding building is available for lease. The space can be subdivided. The site fronts Highway #13/15. In Elgin, a 97,799 sq.ft. space is available for
lease at Elgin Shopping Center. The site
fronts State Road 25. For details, contact Mary Ann Savarese of RD
Management Corp. at (212-265-6600). Calumet
City- A 10,800 sq.ft. space is available for
lease in a strip center fronting Gold Coast Lane. In
Champaign, an 8,260 sq.ft. space is
available for lease in a strip center fronting Bloomington Road. In Chicago Heights, a 13,104 sq.ft. space is
available for lease in a strip center fronting Joe Orr Road. In Midlothian, a 6,693 sq.ft. space is available
for lease in a strip center fronting Crawford Avenue.
In Richton Park, an 8,450 sq.ft. space is available for lease in a strip center
fronting Governors Highway. In Sauk Village,
a 9,472 sq.ft. space is available for lease at Sauk Plaza.
In Tinley Park, a 10,626 sq.ft. space is available for lease in a strip center
fronting Oak Park Avenue. In Vandalia, a
9,628 sq.ft. space is available for lease at Old Capital Shopping Center. For details, contact Jim Matthews of Prime
Locations Consulting, Inc. at (214-991-7000). Indiana Evansville- A 108,440 sq.ft. anchor space is available for
lease at a 117,100 sq.ft. project that fronts Morgan Avenue and Boeke. In Marion, space is available for lease in the
109,200 sq.ft. Kmart Plaza fronting Western Avenue.
In Muncie, space is available for lease in the 104,558 sq.ft. Kmart Plaza fronting
Walnut Street. In Seymour, West Towne Plaza is anchored by Rite Aid Drugs. The 60,000 sq.ft. project has an anchor space of
22,021 sq.ft. available for lease. The site
fronts US Highway 50 and Kasting Road. In
Warsaw, The Market Place is anchored by
Uhlman's, JC Penney and On Cue. The 191,681
sq.ft. project has spaces available for lease. The
site fronts US Highway #30 and Water Street. For details, contact Mary Ann Savarese of RD
Management Corp. at (212-265-6600). Indianapolis- Space is available for lease in the 185,000 sq.ft.
North Eastwood Shopping Center anchored by Kroger, Big Lots, Rainbow Shops and
Stuarts/Stuarts Plus. In Merrillville, space is available for lease in the 215,000 sq.ft.
Merrillville Plaza anchored by Toys 'R Us, Kids 'R Us, T.J. Maxx, OfficeMax, Discovery
Zone, Pier 1 Imports, F&M Drugs and Michaels Crafts. For details, contact Jamie Sackheim of Acadia
Management Company at (800-227-5570), Fax (516-767-8835). Fort
Wayne- A 7,500 sq.ft. space is available for
lease in a strip center fronting South Anthony Boulevard.
In Goshen, an 11,900 sq.ft. space is available for lease at Peddlers Village. In Jasper, a 9,000 sq.ft. space is available for
lease in a strip center fronting Third Avenue. For details, contact Jim Matthews of Prime
Locations Consulting, Inc. at (214-991-7000). Iowa Cedar
Rapids- Town & Country Shopping Center
has a 12,654 sq.ft. lower level space and a 14,112 sq.ft. retail level space available for
lease in the 135,103 sq.ft. project. The
daily traffic count of the site is 28,000 cars. In
Des Moines, Wakonda an fleur is anchored by
Walgreens and Dahls Grocery. The project has
spaces of 3,350 sq.ft. or 4,300 sq.ft. available for lease,in addition to a 4,700 sq.ft.
theater available for lease. For details, contact Joanne Mauck of Insignia
Commercial Group, Inc. at (319-365-9738). Kentucky Ashland- Kmart Shopping Center is anchored by Watson's and
Kroger. The 268,000 sq.ft. project has an
anchor position available for lease. The
site fronts Nolte Road and Route 23. In
Glasgow, Central Center Shopping Center is
anchored by Watson's. The 121,479 sq.ft.
project has an anchor position available for lease. The
site fronts Route 90. In Richmond, Richmond Plaza is anchored by Sav-A-Lot
Supermarket, Blockbuster Video and Bluegrass Hardware.
The 89,740 sq.ft. project has spaces available for lease. The site fronts US 25 and Eastern By-Pass. For details, contact Mary Ann Savarese of RD
Management Corp. at (212-265-6600). Owensboro- A 10,069 sq.ft. space is available for lease in a
strip center fronting East 4th Street. For details, contact Jim Matthews of Prime
Locations Consulting, Inc. at (214-991-7000). Louisiana Baton
Rouge- Marketplace is anchored by Wal*Mart,
Sam's and Lowes. The one million sq.ft.
project, which is under construction, has spaces available for lease. The site fronts I-10. Demographics include a 10-mile population of
350,000 earning $39,000 as the average income. For details, contact Craig Samson of Mall
Properties, Inc. at (212-935-1330), Fax (832-5369). Maryland Fort
Washington- A 102,400 sq.ft. former
Hechinger's is available for lease. The site
is located at Old Forte Village Shopping Center off Route 210. For details, contact Richard Dugan of Hechinger's
at (301-341-0965). Randallstown- Brenbrook Plaza is anchored by Kmart and Minnesota
Fabrics. The 140,000 sq.ft. project has
spaces available for lease. The site fronts
Liberty Road. For details, contact Mary Ann Savarese of RD
Management Corp. at (212-265-6600). Massachusetts Billerica- Billerica Mall is anchored by Kmart, Burlington
Coat Factory and Demoulas Market. The 275,000
sq.ft. project has spaces available for lease. The
site fronts Boston Road. In Chelsea, Mystic Mall is anchored by Stuarts Department
Store and Demoulas Market. The 280,000 sq.ft.
project has spaces available for lease. The
site fronts Everett Avenue. In Milford, Kmart Shopping Center is anchored by Kmart and
Pierce Goods Shop. The 140,770 sq.ft. project
has spaces available for lease. The site
fronts Medway Street. In North Dartmouth, a
176,727 sq.ft. shopping center is anchored by Service Merchandise. An anchor position is available for lease. The site fronts Faunce Corner Road and Route 6. In Saugus, Kmart Shopping Center is anchored by
Kmart and Super Stop & Shop. The 170,000
sq.ft. project has spaces available for lease. The
site fronts Main Street and Route 1. For details, contact Mary Ann Savarese of RD
Management Corp. at (212-265-6600). Boston/Braintree- A 14.75 acre site is available for lease. The site fronts Granite Street near Route 128. For details, contact Richard Dugan of Hechinger's
at (301-341-0965). Michigan Bloomfield
Hills- Space is available for lease in the
229,000 sq.ft. Bloomfield Town Square anchored by Kmart, Home Quarters, T.J. Maxx,
Burlington Coat Factory, F&M Drug and Dress Barn. For details, contact Jamie Sackheim of Acadia
Management Company at (800-227-5570), Fax (516-767-8835). Bridgeport- King Dixie Plaza is anchored by Perry Drug. The 60,000 sq.ft. project has spaces available for
lease. The site fronts King Perry Road and
Dixie Highway. In Detroit, McSchaefer
Shopping Center is anchored by Fairway Foods. The
65,000 sq.ft. project has spaces available for lease.
The site fronts McNichols Road and Schaefer Avenue.
Also in Detroit, a 111,000 sq.ft. shopping center is anchored by Rainbow Apparel,
PJ Phillips and Footlocker. The project has
spaces available for lease. The site fronts
Grand River Avenue and Greenfield Road. Also
in Detroit, Tower Center is anchored by Winkelman's, Petrie and One Price Clothing. The 225,000 sq.ft. project has spaces available
for lease. The site fronts Grand River Avenue
and Greenfield Road. In Flint, Carmen Plaza
is anchored by Kessel Supermarket. The 95,000
sq.ft. project has spaces available for lease. The
site fronts Corinna Road and I-75. Also in
Flint, Kmart Plaza is anchored by Kmart and Fashion Bug.
The 138,411 sq.ft. project has spaces available for lease. The site fronts Dort Highway and Atherton Highway. In Inkster, Cherry
Hill Plaza is anchored by Arbor Drug, Family Dollar and Aco Hardware. The 60,000 sq.ft. project has spaces available for
lease. The site fronts Cherry Hill and
Inkster Roads. In Livonia, Plybelt Shopping
Center is anchored by Perry Drugs and Sizes Unlimited.
The 100,000 sq.ft. project has spaces available for lease. The site fronts Middlebelt and Plymouth Roads. In Mt. Morris, Mt. Morris Commons is anchored by
Kessel Supermarket and Rent-A-Center. The
65,000 sq.ft. project has spaces available for lease.
The site fronts Saginaw Street and I-475. In
Muskegon, Kmart Shopping Center is anchored by Kmart and Fabri-Centers. The 171,000 sq.ft. project has spaces available
for lease. The site fronts Henry Street and
Norton Avenue. In Pontiac, Tel-Huron Shopping
Center is anchored by Concord Drugs, One Price Clothing and Fashion Bug. The 90,000 sq.ft. project has spaces available for
lease. The site fronts S. Telegraph Road and
Huron Street. In Port Huron, Fort Gratiot
Center is anchored by Builders Square and Best Buy. The
250,000 sq.ft. project has an outlot available for lease.
The site fronts M-25 and Keenwahdin Road. Also
in Port Huron, Port Huron Shopping Center is anchored by Big Lots. The 90,100 sq.ft. project has spaces available for
lease. The site fronts Howard and 24th
Streets. In Redford, Redford Plaza is
anchored by Farmer Jack and Arbor Drugs. The
115,865 sq.ft. project has spaces available for lease.
The site fronts Inskter and Plymouth Roads. In
Saginaw, Dixie Shopping Center is anchored by
Kessel Supermarket and Fashion Bug. The
137,000 sq.ft. project has spaces available for lease.
The site fronts Dixie Highway and Hess Avenue.
In Sandusky, Kmart Shopping Center is anchored by Kmart, Farmer Jack and Fashion
Bug. The 176,248 sq.ft. project has spaces
available for lease. The site fronts M-19 and
Gates Road. In Southgate, the 60,800 sq.ft.
Southgate Shopping Center has spaces available for lease.
The site fronts Fort Street and Burns Avenue.
In Swartz Creek, Swartz Creek Plaza is anchored by Kessel Supermarket, Perry Drug
and Total Video. The 65,000 sq.ft. project
has spaces available for lease. The site
fronts Miller and Seymour Roads. In
Woodhaven, Woodhaven Commons is anchored by Target and Kroger. The 200,000 sq.ft. project has spaces available
for lease in its Phase II expansion. The site
fronts West and Allen Roads. For details, contact Mary Ann Savarese of RD
Management Corp. at (212-265-6600). Jackson- Jackson Crossing is anchored by Sears, Target and
Toys 'R Us. The 619,000 sq.ft. project has a
65,000 sq.ft. former Phar-Mor site available for lease.
In Waterford- Summitt Place Mall is
anchored by Hudson's, Sears, J.C. Penney, Kohl's and Montgomery Ward. The 1.4 million sq.ft. mall has expansion space
available for lease. For details, contact Ed Eickhoff of
Ramco-Gershenson, Inc. at (810-350-9900). Minnesota Columbia
Heights- Central Plaza is anchored by Frank's
Nursery and Crafts, Wallaby's Lounge and Lanes, Snyder Drug, MGM Liquor Warehouse, Simek's
Meats and Seafood, Radio Shack, Sally Beauty, Great Clips, Subway, Olan Mills and Jade
Wall Chinese Restaurant. The 125,860 sq.ft.
strip center has spaces of 1,200 sq.ft., 1,800 sq.ft., 4,680 sq.ft. and 4,800 sq.ft.
available for lease. The site is located at
the intersection of 45th and Central Avenue NE which generates a daily traffic count of
29,500 vehicles. Demographics include a
five-mile population of 118,949 earning $42,052 as the average family income. In Crystal, the Crystal Center is anchored by
Target, Michael's Creative Crafts, Only Deals, Marshalls, Minnesota Fabrics, Lenscrafters,
Hit or Miss, Dress Barn, Famous Footwear, County Seat, DEB and GNC. The 350,000 sq.ft. project has spaces of 2,760
sq.ft., 2,800 sq.ft., 2,880 sq.ft., 6,150 sq.ft. and 12,040 sq.ft. available for lease. The site is located at the intersection of Bass
Lake Road and West Broadway which generates a daily traffic count of 78,500 vehicles. Demographics include a trade area average family
income of $40,984. Also in Crystal, Paster Enterprises will be developing a 40,000
sq.ft. shopping center. Ground breaking is
expected this fall. In Lexington, Northway Center is anchored by Festival Foods, Ben
Franklin, Coast to Coast, Hanson Drug, Big Wheel/Rossi Auto Parts and Premiere Video and
Photo. The 86,253 sq.ft. project has over
eight acres available for expansion. The site
is located at the intersection of State Highway 23 and Griggs Avenue which generates a
daily traffic count of 12,500 vehicles. Demographics
include a trade area population of 52,056 earning $49,054 as the average family income. In Mendota Heights,
Mendota Plaza is anchored by Old America Store, Snyder Drug, Subway, Pilgrim
Cleaners, Mich's Coffee Cottage, D.D.'s Dance Studio and Family Tyme Video. The 54,983 sq.ft. project has spaces of 2,000
sq.ft. and 7,500 sq.ft. available for lease. The
site is located at the intersection of Highway 110 and Highway 149 which generate a daily
traffic count of 57,800 vehicles. Demographics
include a five-mile population of 201,756 earning $59,755 as the average family income. In Mounds View,
Moundsview Square is anchored by Snyder Drug, Budget Liquor, Minnesota Fabrics and
Mario's Movies and Games. The 91,175 sq.ft.
project has spaces of 900 sq.ft., 1,000 sq.ft., 1,312 sq.ft., 1,700 sq.ft., 2,000 sq.ft.,
2,220 sq.ft., 2,678 sq.ft., 5,100 sq.ft. and 14,400 sq.ft. available for lease. The site is located at the intersection of US
Highway 10 and Long Lake Road which generates a daily traffic count of 42,950 vehicles. Demographics include a five-mile population of
174,174 earning $48,232 as the average family income.
In Roseville, Lexington Plaza Shoppes
is anchored by Walgreens, Aardvark Balloons, Golf World, The Framing Place, Cost Cutters,
Subway, Arthur's Jewelers and J.R. Fielding Tobacco and Cigars. The 26,747 sq.ft. project has spaces of 848 sq.ft.
and 1,332 sq.ft. available for lease. The
site is located at the intersection of Lexington and Larpenteur Avenues which generates a
daily traffic count of 53,700 vehicles. Demographics
include a three-mile population of 116,590 earning $42,430 as the average family income. In South St. Paul,
Southview Shopping Center is anchored by Knowlan's Supermarket, Snyder Drug,
Southview Restaurant and Christine Liquors. The
55,660 sq.ft. project has spaces of 1,500 sq.ft., 3,120 sq.ft., 3,835 sq.ft. and 5,265
sq.ft. available for lease. The site is
located at the intersection of 13th Avenue South and Southview Boulevard which generates a
daily traffic count of 15,400 vehicles. Demographics
include a three-mile population of 59,863 earning $45,298 as the average family income. In St. Paul,
Sibley Plaza is anchored by Jubliee Foods, Trustworthy Hardware, Champps Sports
Bar, Tuesday Morning, Mill End Textiles, Yarmo Liquor, Scissors Palace, Kiev Foods and Gen
Com Cellular. The 95,570 sq.ft. project has
spaces of 1,400 sq.ft., 1,613 sq.ft., 3,900 sq.ft., 5,400 sq.ft. and 8,015 sq.ft.
available for lease. The site is located at
the intersection of West 7th Street and Davern Avenue which generates a daily traffic
count of 29,650 vehicles. Demographics
include a three-mile population of 111,559 earning $39,098 as the average family income. In West St. Paul-
Doddway Center is anchored by RC Dick's Foods, Valu-Rite Pharmacy, Home Video,
Domino's Pizza, LeSalon and Rocco's Pizza. The
38,143 sq.ft. project has spaces available for lease.
The site is located at the intersection of South Smith and Dodd Road which
generates a daily traffic count of 18,700 vehicles. Demographics
include a three-mile population of 102,236 earning $44,270 as the average family income. For details, contact Richard Jahnke, Edward Paster
(Crystal Center) or Bob Ricos (Lexington Plaza Shoppes) of Paster Enterprises at
(612-646-7901), Fax (646-1389). St.
Paul- Midway Shopping Center is anchored by
Rainbow Foods, OfficeMax and Fashion Bug. The
280,353 sq.ft. project has spaces available for lease.
The site fronts University and Snelling Avenues. For details, contact Mary Ann Savarese of RD
Management Corp. at (212-265-6600). Missouri Columbia- Kmart Shopping Center is anchored by Kmart, Radio
Shack and Sally Beauty. The 116,000 sq.ft.
project has spaces available for lease. The
site fronts West Worley and Bernadette. For details, contact Mary Ann Savarese of RD
Management Corp. at (212-265-6600). Nevada Henderson- Kmart Shopping Center is anchored by Kmart and
Petrie. The 125,000 sq.ft. project is
expanding and has spaces available for lease. The
site fronts Boulder Highway and Racetrack Road. For details, contact Mary Ann Savarese of RD
Management Corp. at (212-265-6600). New
Hampshire Manchester- A 2.68 acre parcel is available for lease. The site is near the Mall of New Hampshire and
adjacent to Home Quarters on Goffs Falls Road. For details, contact Richard Dugan of Hechinger's
at (301-341-0965). New
Jersey Elmwood
Park- Space is available for lease in the
117,000 sq.ft. Elmwood Park Shopping Center anchored by Grand Union, Channel Home Center,
Walgreens and Sizes Unlimited. For details, contact Jamie Sackheim of Acadia
Management Company at (800-227-5570), Fax (516-767-8835). Chatham- Chatham Mall has an 800 sq.ft. space available for
lease. The site fronts Shunpike Road. In Chester- Chester
Mall has spaces of 6,500 sq.ft. and 10,000 sq.ft. or 16,400 sq.ft. available for lease. The site fronts Routes 24 and 206. In East Hanover-
Ridgedale Mini Mall has a 2,550 sq.ft. space available for lease. The site fronts Ridgedale Avenue. In Hackettstown-
80 Main Plaza is anchored by a 15,500 sq.ft. Shoprite Liquor/Convenience Food
Store. 40,000 sq.ft. of space is available
for lease. The project, which fronts Route
46, is expected to open during 1996. In
Ledgewood- Morris Canal Plaza has spaces of
1,200 sq.ft., 1,873 sq.ft. and 3,500 sq.ft. available for lease. The site fronts Route 46. For details, contact Audrey Grant of Complete
Property Management, Inc. at (908-879-5106). Mohwah- Kmart Plaza is anchored by Kmart and Grand Union. The 200,000 sq.ft. project has spaces available
for lease. The site fronts Route 17 and
MacArthur Boulevard. In Marlton, Tri Towne
Plaza is anchored by Kmart and SuperFresh. The
176,519 sq.ft. project has spaces available for lease.
The site fronts Plymouth Drive and Route 70. In
Old Bridge, A&P Shopping Center is anchored by Kmart.
An outlot is available for lease. The
site fronts Route 9 and Ferry Road. In
Vineland, Kmart Shopping Center is anchored by Kmart.
The 90,000 sq.ft. project is expanding by 100,000 sq.ft. and spaces are available
for lease. The site fronts Delsea Drive and
Route 55. In Williamstown, Williamstown
Shopping Center is anchored by CVS and DE Jones. The
72,000 sq.ft. project has an anchor position available for lease. The site fronts Black Horse Pike and Main Street. For details, contact Mary Ann Savarese of RD
Management Corp. at (212-265-6600). Princeton- South Brunswick Square is anchored by Grand Union,
Rickel Home Center and Pizza Hut. The 266,000
sq.ft. project has spaces of 900 sq.ft., 1,797 sq.ft. and 2,500 sq.ft. available for
lease. The site is located at the
intersection of Route 1, Route 522 and New Road. Demographics
include a three-mile population of 26,152 earning $76,942 as the average income and a
five-mile population of 75,512 earning $77,613 as the average income. For details, contact John Comp of Montgomery Group
Affiliates at (610-825-7100), Fax (834-8110). New
York Baldwin- A 4,000 sq.ft. corner space is available for
lease. The site is located at the
intersection of South Grand Avenue and Merrick Road.
In Centereach, a 3,000 sq.ft. space and a 30,000 sq.ft. corner space are available
for lease at a 100,000 sq.ft. project. A
64,000 sq.ft. Pathmark Supermarket is opening at the site this Summer. The site is located at the intersection of Middle
Country Road and Pleasant Avenue. In
Patchogue, Gateway Plaza is anchored by Bob's Stores, Linens 'n Things, Service
Merchandise, Marshalls, King Kullen and Michael Crafts.
The 340,000 sq.ft. project has spaces of 7,000 sq.ft. and 2.279 acres available for
lease. The site fronts Sunrise Highway. A 20,000 sq.ft. space is available for lease at
120 Sunrise Highway. Parking is available for
over 150 cars. In Staten Island, an in-line
space of 1,700 sq.ft., a former restaurant space of 8,132 sq.ft. and an end cap space of
8,512 sq.ft. are available for lease at a 385,000 sq.ft. shopping center anchored by Toys
'R Us, Kids 'R Us, Shop Rite Supermarket and Pergament Home Center. For details, contact Alvin Nueman of Pergament
Investments, Inc. at (516-484-8800, Ext. 3011), Fax (484-9170). Clifton
Park- The Crossing is anchored by Builders
Square II, Grand Union Superstore, T.J. Maxx and OfficeMax.
The new 500,000 sq.ft. project has spaces available for lease up to 120,000 sq.ft.
in Phase III. The site is located at Exit 9
of I-87. More than 60,000 cars pass daily on
I-87. For details, contact Jeff or Deane Pfeil of J.W.
Pfeil & Company, Inc. at (518-581-8280), Fax (581-8316). Deer
Park- Caldor Plaza is anchored by Caldor and
Grand Union. An outlot is available for
lease. The site fronts Commack Road and Grand
Boulevard. In Huntington, Big H Shopping
Center is anchored by Lord & Taylor and Woolworths.
The 225,000 sq.ft. project has spaces available for lease. The site fronts New York Avenue. In East Islip, East Islip Center is anchored by
Stop & Shop, Marshalls and Staples. An
outlot is available for lease. The site
fronts Sunrise Highway. In Rochester, Depot
Plaza is anchored by Kmart, Petrie and Payless Shoes.
The 181,146 sq.ft. project has spaces available for lease. The site fronts Ridge Road East. In Wellsville, Ames Big M Plaza is anchored by
Ames Department Store. The 90,000 sq.ft.
project has spaces available for lease. The
site fronts Route 17. For details, contact Mary Ann Savarese of RD
Management Corp. at (212-265-6600). Henrietta- A 69,923 sq.ft. former Hechinger's building with a
25,585 sq.ft. yard/expansion area is available for lease.
The site fronts West Henrietta Road and is located near Marketplace Mall. In Irondequoit, a 72,778 sq.ft. former Hechinger's
building with a 19,720 sq.ft. yard/expansion area is available for lease. The site fronts Hudson Avenue and is located near
Irondequioit Mall. For details, contact Richard Dugan of Hechinger's
at (301-341-0965). Port
Washington- Space is available for lease in
the 39,000 sq.ft. Port Plaza Shopping Center anchored by Genovese Drug Store, McDonald's,
Benjamin Moore Paint & Wallpaper, Party Sensations and Minuteman Press. Space is also available for lease in the 180,000
sq.ft. Soundview Marketplace anchored by King Kullen Supermarket, Pergament Home Center,
Cineplex Odeon, Blockbuster Video, Boston Chicken and Kay Bee Toys. For details, contact Jamie Sackheim of Acadia
Management Company at (800-227-5570), Fax (516-767-8835). Hamlin- A 4,200 sq.ft. space is available for lease at
Hamlin Clarkson Center. The site fronts Route
1. For details, contact Jim Matthews of Prime
Locations Consulting, Inc. at (214-991-7000). North
Carolina Asheville-
Kmart Shopping Center is anchored by Kmart,
Eckerd Drugs and Colortyme. The 137,649
sq.ft. project has spaces available for lease. The
site fronts US 19 and 23. In Charlotte, Kmart
Shopping Center is anchored by Kmart and Champion TV.
The 150,000 sq.ft. project has spaces available for lease. The site fronts Freedom
Drive and Pacific Street. For details, contact Mary Ann Savarese of RD
Management Corp. at (212-265-6600). Cary- Crossroads Plaza Shopping Center is anchored by
Toys 'R Us, Service Merchandise and Marshalls. The
650,000 sq.ft. project has an 86,015 sq.ft. former Hechinger's available for lease. The site also has 26,082 sq.ft. of yard/expansion
area. In Charlotte/Matthews, an 85,000
sq.ft. former Hechinger's with a 34,010 sq.ft. yard/expansion area is available for lease
at Windsor Square. The site fronts East
Independence Boulevard. In
Charlotte/Pineville, an 85,000 sq.ft. former Hechinger's with a 20,000 sq.ft.
yard/expansion area is available for lease. The
site fronts Pineville Road and is located near Carolina Place Mall and Carolina Pavilion. In Durham, Westgate Shopping Center is anchored by
Toys 'R Us and Drug Emporium. The project has
an 85,992 sq.ft. former Hechinger's building with an 8,718 sq.ft. yard/expansion area
available for lease. The site is located
across from South Square Mall. In
Fayetteville, an 82,555 sq.ft. former Hechinger's building with a 16,505 sq.ft.
yard/expansion area is available for lease. The
site fronts Morgantown Road and is located across from Cross Creek Mall. In Gastonia, Northridge Shopping Center is
anchored by Circuit City. The project has an
82,006 sq.ft. former Hechinger's building with a 28,000 sq.ft. yard/expansion area
available for lease. In Greensboro, a 104,170
sq.ft. former Hechinger's building with a 15,300 sq.ft. yard/expansion area is available
for lease. The site fronts Highpoint Road and
Merritt Drive. A 65,340 sq.ft. former
Hechinger's building located at Stonesthrow Shopping Center is available for lease. The site fronts High Point Road and Farmington
Drive. In Raleigh, a 90,219 sq.ft. former
Hechinger's building with a 27,060 sq.ft. yard/expansion area is available for lease. The site fronts Route 1 and New Hope Church Road. In Winston-Salem, a 92,523 sq.ft. former
Hechinger's building with a 29,064 sq.ft. yard/expansion area is available for lease. The site fronts Silas Creek Parkway and Peters
Creek Parkway. A 104,200 sq.ft. former
Hechinger's building with an 18,200 sq.ft. yard/expansion area is available for lease. The site fronts North Point Boulevard and
University Parkway. For details, contact Richard Dugan of Hechinger's
at (301-341-0965). Greenville- A 5,400 sq.ft. space is available for lease in a
strip center fronting Stantonsburg Road. In
Mebane, a 5,650 sq.ft. space is available for lease in a strip center fronting Mebane Oaks
Road. In Winston-Salem, a 6,000 sq.ft. space
is available for lease in a strip center fronting Cloverdale Road. For details, contact Jim Matthews of Prime
Locations Consulting, Inc. at (214-991-7000). Ohio Cincinnati- Approximately 11 acres of land is available for
lease. The site fronts Madison Avenue and
Ridge Road is located adjacent to Home Quarters. In
Columbus, an 89,600 sq.ft. former Hechinger's building is available for lease. The site fronts North Towne Boulevard and Morse
Road. Also in Columbus, a 70,000 sq.ft.
former Hechinger's building is available for lease. The
site fronts Route 270 and Refugee Road. In
Dublin, a 60,685 sq.ft. former Hechinger's building is available for lease at Dublin
Village Center. The site fronts Sawmill Road
and Dublin Center Drive. For details, contact Richard Dugan of Hechinger's
at (301-341-0965). Cleveland- Five Points Shopping Center is anchored by Eagle
Market and Rite Aid Drugs. The 50,000 sq.ft.
project has spaces available in its Phase II expansion.
The site fronts E. 152 Street and Clair Avenue.
In Toledo, the 103,400 sq.ft. Kmart Plaza is being expanded by 35,000 sq.ft. Spaces are available for lease. The site fronts Navarre Road and Isaac Street. In Lima, Westgate Shopping Center is anchored by
Kmart and Colortyme. The 180,000 sq.ft.
project has spaces available for lease. The
site fronts Route 81 and Cable Avenue. For details, contact Mary Ann Savarese of RD
Management Corp. at (212-265-6600). Toledo- North Towne Commons is anchored by Target, Sam's
Club and Builders Square. The 387,000 sq.ft.
power center has a former Phar-Mor space of 55,000 sq.ft. available for lease. For details, contact Ed Eickhoff of
Ramco-Gershenson, Inc. at (810-350-9900). Cincinnati- A 10,000 sq.ft. space is available for lease in a
plaza fronting Reading Road. In Columbus, a
2,000 sq.ft. space is available for lease in the central business district fronting Summit
Avenue. In Hamilton, a 9,717 sq.ft. space is
available for lease in a strip center fronting Main Street.
In Huber Heights, a 7,600 sq.ft. space is available for lease in a strip center
fronting Brandt Turnpike. In Middletown, a
10,069 sq.ft. space is available for lease in a strip center fronting Roosevelt Boulevard. In Piqua, a 9,338 sq.ft. space is available for
lease in a mall fronting East Ash Avenue. In
St. Mary's, an 8,450 sq.ft. space is available for lease in a strip center fronting
Indiana Avenue. In Springdale, a 2,481 sq.ft.
space is available for lease in a strip center fronting Springfield. In Springfield, a 5,100 sq.ft. space is available
in a strip center fronting South Limestone. In
Tipp City, a 7,680 sq.ft. space is available for lease in a strip center fronting S.
Tippecanoe Drive. In Xenia, a 9,000 sq.ft.
space is available for lease in a strip center fronting Second Street. For details, contact Jim Matthews of Prime
Locations Consulting, Inc. at (214-991-7000). Oregon Medford- Kmart Shopping Center is anchored by Kmart,
Payless Shoes and Colortyme. The 140,000
sq.ft. project has spaces available for lease. The
site fronts Barnett Road and Riverside. For details, contact Mary Ann Savarese of RD
Management Corp. at (212-265-6600). Pennsylvania Abington- Space for lease is available at the 179,000 sq.ft.
Atrium Mall anchored by T.J. Maxx, Circuit City Superstore, SuperFresh, Hit or Miss, Old
Country Buffet and Payless ShoeSource. In
Harrisburg, space is available for lease at the 278,000 sq.ft. The Point Shopping Center
anchored by Burlington Coat Factory, Fox Supermarkets, A.C. Moore and Thrift Drug. In Lancaster, space is available for lease in the
200,000 sq.ft. Golden Triangle Shopping Center anchored by Hills Department Store, Weis
Markets, Dunhams Sporting Goods and Staples Office Supply.
In Philadelphia, space is available for lease in the 200,000 sq.ft. Red Lion Plaza
anchored by Sports Authority, Acme Markets, Drug Emporium, Taco Bell, Payless Shoe Source,
McDonald's, Ponderosa and Pep Boys. For details, contact Jamie Sackheim of Acadia
Management Company at (800-227-5570), Fax (516-767-8835). Bethlehem- Kmart Shopping Center is anchored by Kmart, Thrift
Drug and Piece Goods. The 166,609 sq.ft.
project has spaces available for lease. The
site fronts Route 191 and 22. For details, contact Mary Ann Savarese of RD
Management Corp. at (212-265-6600). Bucks
County- Perkasie Square is anchored by Landis
Supermarket, Thrift Drug, Union National Bank, West Coast Video, Hair Cuttery, Subway and
Gran Sasso Italian Restaurant. The 100,000
sq.ft. project is being expanded by 20,000 sq.ft. and preleasing opportunities are
available. Demographics include a five-mile
population of 51,000 earning $42,000 as the average household income. For details, contact Berger-Epstein Associates at
(610-437-7070). Allentown- Trexler Mall is anchored by SuperFresh and Hess. The 270,000 sq.ft. project has spaces of 1,411
sq.ft. and 3,955 sq.ft. available for lease. Giant
Supermarket is opening a 54,000 sq.ft. store late this year. The site is located at the intersection of Route
22 and Lower Macungie Road. Demographics
include a three-mile population of 21,436 earning $60,737 as the average income and a
five-mile population of 58,714 earning $65,444 as the average income. In Cheltenham, Melrose Shopping Center is anchored
by Shop 'N Bag and CVS. The 72,000 sq.ft.
project has a 1,400 sq.ft. space available for lease.
The site is located at the intersection of Cheltenham Avenue and Dewey Road. Demographics include a three-mile population of
358,137 earning $28,798 as the average income and a five-mile population of 848,840
earning $28,310 as the average income. In
Hazelton, Laurel Mall is anchored by JC Penney, Kmart and Boscov's. The 600,000 sq.ft. project has spaces of 936
sq.ft. and 3,450 sq.ft. available for lease. The
site is located at the intersection of Routes 80 and 81.
Demographics include a five-mile population of 29,820 earning $28,234 as the
average income and a 10-mile population of 73,037 earning $26,819 as the average income. In Holmes, MacDade Mall is anchored by Acme and
Kmart. The 180,000 sq.ft. project has spaces
of 700 sq.ft. and 2,500 sq.ft. available for lease. The
site is located at the intersection of MacDade Boulevard and South Avenue near Route 420. Demographics include a three-mile population of
176,788 earning $40,437 as the average income and a five-mile population of 421,937
earning $37,989 as the average income. In
King of Prussia, Chesterbrook Village Center is anchored by Genuardi's Supermarket and
Rite Aid. The 120,000 sq.ft. project has
spaces of 913 sq.ft., 1,800 sq.ft. and 2,250 sq.ft. available for lease. The site fronts Chesterbrook Boulevard. Demographics include a three-mile population of
34,729 earning $102,661 as the average income and a five-mile population of 93,080 earning
$90,139 as the average income. In Kutztown,
Lane Plaza is anchored by Weis Market. The
125,000 sq.ft. project has a 55,000 sq.ft. space available for lease. The site is located at the intersection of Rt. 222
and Township Road. Demographics include a
three-mile population of 9,898 earning $31,530 as the average income and a five-mile
population of 20,096 earning $33,023 as the average income. For details contact John Comp (Trexler Mall,
Laurel Mall and Lane Plaza), John Basinski (Melrose Shopping Center and MacDade Mall) or
John McKenna (Chesterbrook Village Center) of Montgomery Group Affiliates at
(610-825-7100), Fax (834-8110). Chambersburg- A 3.78 acre site on US Route 30 is available for
lease. The site is located between Lincolnway
Shopping Center and Wal*Mart. In Quakertown- A 5.15 acre site zoned for retail development is
available. The site fronts Bethlehem Pike. For details, contact Richard Dugan of Hechinger's
at (301-341-0965). Williamsport- Giant Plaza is anchored by Giant Supermarket,
Staples, Revco Drug and JoAnn Fabrics. The
135,000 sq.ft. project was recently remodeled and expanded by 25,000 sq.ft. Spaces of 1,600 sq.ft., 2,450 sq.ft., 3,200 sq.ft.
and 5,000 sq.ft. are available for lease. For details, contact Howard Dean of DY-CO
Management Corp. at (914-631-3000). Erie- An 8,737 sq.ft. space is available for lease in a strip center fronting Broad Street. For details, contact Jim Matthews of Prime
Locations Consulting, Inc. at (214-991-7000). Rhode
Island Woonsocket- Space is available for lease in the 296,000 sq.ft.
Walnut Hill Plaza anchored by Sears, Shaw's Market, CVS, Payless ShoeSource, Ben Franklin
Crafts and Fashion Bug. For details, contact Jamie Sackheim of Acadia
Management Company at (800-227-5570), Fax (516-767-8835). Pawtucket- An 8,200 sq.ft. space is available for lease in a
central business district fronting Central Avenue. For details, contact Jim Matthews of Prime
Locations Consulting, Inc. at (214-991-7000). South
Carolina Charleston- An 85,000 sq.ft. former Hechinger's building with
a 32,846 sq.ft. yard/expansion area is available for lease.
The site is located adjacent to the 800,000 sq.ft. Northwoods Mall. In Columbia, an 86,180 sq.ft. former Hechinger's
building with a 31,635 sq.ft. yard/expansion area is available for lease. The site fronts Broad River Road and James Byrnes
Parkway. For details, contact Richard Dugan of Hechinger's
at (301-341-0965). Abbeville- A 6,500 sq.ft. space is available for lease in a
strip center fronting 28 Bypass. In
Clearwater, an 8,450 sq.ft. space is available for lease in a strip center fronting
Jefferson Davis Highway. In Irmo, an 8,450
sq.ft. space is available for lease at Friarsgate Plaza.
In Landrum, a 40,260 sq.ft. space is available for lease in a strip center fronting
West Rutherford. For details, contact Jim Matthews of Prime
Locations Consulting, Inc. at (214-991-7000). Tennessee Clarksville-
Austin Square is anchored by Lowe's Home Center and Kmart.
Expansion of the project by 100,000 sq.ft. is possible and space is available for
lease. The site fronts Highway 79 and
Needmore Road. For details, contact Mary Ann Savarese of RD
Management Corp. at (212-265-6600). Harriman- A 12,000 sq.ft. space is available for lease in a
strip center fronting South Roanne Street. In
Johnson City, a 10,069 sq.ft. space is available for lease in a strip center also fronting
South Roan Street. In Oak Ridge, a 3,001
sq.ft. space is available for lease in a strip center fronting Emory Valley Road. For details, contact Jim Matthews of Prime
Locations Consulting, Inc. at (214-991-7000). Texas Abilene- A 38,977 sq.ft. freestanding building fronting
Buffalo Gap Road is available for lease. In
Ballinger, a 16,988 sq.ft. space is available for lease in the central business district
fronting Hutchins Avenue. In Brownsville, a
4,000 sq.ft. space is available for lease in the central business district fronting 13th
and Washington. In Cameron, an 18,630 sq.ft.
space is available for lease at Milam Plaza. In
Carrizo Springs, a 31,772 sq.ft. freestanding building fronting West Nopal is available
for lease. In Cleveland, 1.8 acres of land at
Truly Plaza is available for lease. In
Clute, 2.3 acres of land at Oak Park Plaza is available for lease. In Dallas, an 11,008 sq.ft. space is available for
lease at White Rock Marketplace. In Devine, a
32,546 sq.ft. freestanding building fronting North Highway 81 is available for lease. In Floresville, a 21,364 sq.ft. freestanding
building fronting 10th Street is available for lease.
In Houston, a 25,263 sq.ft. space is available for lease at Willowchase Shopping
Center and a 20,000 sq.ft. space is available for lease at North Oaks Shopping Center. In Humble, a 23,912 sq.ft. space is available for
lease at Park Plaza. In Kennedy, a 21,364
sq.ft. freestanding building fronting Craig Street is available for lease. In Monahans, a 10,215 sq.ft. space is available
for lease in the central business district fronting East Sealy. In Plano, an 11,000 sq.ft. freestanding building
at Collin Creek Mall is available for lease. In
Robstown, a 10,500 sq.ft. space is available for lease in the central business district
fronting East Main Street. In San Antonio, a
32,546 sq.ft. freestanding building fronting Pleasanton Road is available for lease. In Seagraves, a 6,503 sq.ft. space is available
for lease in the central business district fronting Main Street. In Spur, a 6,656 sq.ft. space is available for
lease in the central business district fronting Burlington. For details, contact Jim Matthews of Prime
Locations Consulting, Inc. at (214-991-7000). El
Paso- Kmart Shopping Center is anchored by
Kmart and Michaels Stores. The 151,212 sq.ft.
project has an outlot available for lease. The
site fronts Interstate 10 and McRae Boulevard. For details, contact Mary Ann Savarese of RD
Management Corp. at (212-265-6600). Virginia Dale
City- A 5.3 acre parcel of land is available
for lease adjacent to a Hechinger's store. The
site fronts Minnieville Road. In
Harrisonburg, Skyline Village Plaza is anchored by Staples and Circuit City. A 10,000 sq.ft. former Hechinger's is available
for lease. The site fronts Route 33 East. In Richmond, a 10.4 acre parcel of land is
available at the intersection of Mechanicsville Turnpike and Laburnum Avenue. An 80,000 sq.ft. former Hechinger's is available
for lease at Meadowdale Shopping Center. The
site fronts Hopkins Road and Chippenham Parkway. In
Roanoke, a 70,000 sq.ft. former Hechinger's is available for lease at Valley View Mall. For details, contact Richard Dugan of Hechinger's
at (301-341-0965). Martinsville- A 9,800 sq.ft. space is available for lease in a
strip center fronting South Route 6. In
Pulaski, an 8,640 sq.ft. space is available in a strip center fronting East Main Street. In Roanoke, a 9,717 sq.ft. space is available in a
strip center fronting Franklin Road; a 6,750 sq.ft. space is available for lease in a
strip center fronting Williamson Road and an 8,640 sq.ft. space is available for lease in
a strip center fronting Orange Avenue NE. In
Vinton, An 8,640 sq.ft. space is available at a strip center fronting Washington Avenue. For details, contact Jim Matthews of Prime
Locations Consulting, Inc. at (214-991-7000). Richmond- Kmart Plaza is anchored by Kmart and Food Lion. The project has outlots available for lease. The site fronts Route 1 and Chippengam Parkway. For details, contact Mary Ann Savarese of RD
Management Corp. at (212-265-6600). West
Virginia Beckley- A 4,500 sq.ft. space is available for lease in the
central business district fronting South Herber Street and in a 4,363 sq.ft. strip center
fronting Robert C. Byrd Drive. In
Morgantown, a 2,640 sq.ft. space is available for lease in the central business district
fronting South High Street. In Oak Hill, a
10,069 sq.ft. space is available for lease in a strip center fronting East Main Street. In Point Pleasant, a 16,000 sq.ft. space is
available for lease in a strip center fronting Route 2.
In Teays Valley, a 10,069 sq.ft. space is available for lease in a strip center
fronting Liberty Square. For details, contact Jim Matthews of Prime
Locations Consulting, Inc. at (214-991-7000). St.
Albans- St. Albans Center is anchored by
Kmart, Kroger, Watson's and SuperX. The
230,000 sq.ft. project has spaces available for lease.
The site fronts Route 60 and MacCorkle Avenue. For details, contact Mary Ann Savarese of RD
Management Corp. at (212-265-6600). Wisconsin Neenah- Space is available for lease in the 176,000 sq.ft.
Fox Point Plaza anchored by Pick 'N Save Supermarket, Dunhams Sporting Goods, ID Boutique
and Rogan's Shoes. For details, contact Jamie Sackheim of Acadia
Management Company at (800-227-5570), Fax (516-767-8835). Puerto
Rico Caguas- Plaza Centro I & II is anchored by Kmart and
Pueblo Supermarket in 250,000 sq.ft. of Phase I and by Sams, Builders Square and OfficeMax
in 268,000 sq.ft. of Phase II. Spaces are
available for lease. The site fronts State
Highway 30 and Rafeal Cordero Avenue. In
Carolina, Los Colobos Shopping Center is anchored by Builders Square, Kmart and Pueblo
Supermarket. The 390,000 sq.ft. project has
outlots available for lease. The site fronts
65th Infantry Avenue and State Road 874. In
Manati, Villa Maria Shopping Center is anchored by Grande Supermarket and Western Auto. The 70,000 sq.ft. project has spaces available for
lease. The site fronts McKinley Street. In Mayaguez, Western Plaza is anchored by Builders
Square. The project has outlots available for
lease. The site fronts State Roads 2 and 142. In Trujillo Alto, Trujillo Alto Plaza is anchored
by Kmart and Pueblo Supermarket. The 190,000
sq.ft. project has spaces available for lease. The
site fronts State Road 181. For details, contact Mary Ann Savarese of RD
Management Corp. at (212-265-6600). |