Issue 8 for the week of March 8, 1996

The Dealmakers Issue Number 8 for the week of March 8, 1996.

Furniture Retailers Shopping for Locations Nationwide

The Bedroom, Inc. trades as Total Bedroom at 15 locations in IA, MN, ND and SD. The furniture stores occupy spaces of 25,000 sq.ft. to 45,000 sq.ft. in freestanding facilities, outlet, power and specialty centers. Plans call for three openings in the coming 18 months. Expansion will take place throughout the Midwestern region.

For more information, contact Wayne Johansen, The Bedroom, Inc., 7932 Main Street N.E., Fridley, MN 55432; 612-780-4238.

Blake Furniture, Inc. trades as Blake Furniture at nine locations in TX. The stores, selling furniture, appliances and electronics, occupy spaces of 10,000 sq.ft. in freestanding facilities. Growth opportunities are sought in the existing market.

For more information, contact Cheryl Hall, Blake Furniture, Inc., 205 East Timpson Street, Longview, TX 75602; 903-236-3297.

La-Z-Recliner does business as La-Z-Boy Furniture Galleries at 15 locations in IL and IN. The furniture stores occupy spaces of 13,500 sq.ft. in freestanding facilities. Plans call for two openings in the coming 18 months. Expansion will take place in IL.

For more information, contact Mike Carlson, La-Z-Recliner, 601 Conkey, Hammond, IN 46320; 219-937-3360, Fax 937-6315.

W.S. Badcock Corp. trades as Badcock Home Furnishing Centers at 365 locations in AL, FL, GA, MS, NC, SC and TN. The stores, offering furniture, appliances, bedding and floor coverings, occupy spaces of 9,000 sq.ft. to 18,000 sq.ft. in downtown store fronts, freestanding facilities and strip centers. Plans call for as many as 20 openings in the coming 18 months. Expansion will take place in the existing markets. The company caters to clientele in the lower-middle income bracket.

For more information, contact Bill Seigler, W.S. Badcock Corp., PO Box 497, Mulberry, FL 33860; 813-425-4921, Fax 425-7598.

The North American Marketing Corp. trades as NAMCO at 32 locations in CT, DE, MA, ME, NH, NY, PA and RI. The stores, selling patio and casual furniture as well spas and related accessories, swimming pools, fitness equipment and seasonal items, occupy spaces of 10,000 sq.ft. to 20,000 sq.ft. in freestanding facilities and strip centers. Plans call for six openings in the coming 18 months. Expansion will take place in CT, MA, NH, NY, PA and RI.

For more information, contact Bill Atkins, North American Marketing Corp., 100 Sanrico Drive, Manchester, CT 06040-0101; 203-649-3666, Fax 646-3692.

Sultan & Sons operates four locations in FL. The home furnishings stores occupy spaces of 5,000 sq.ft. in freestanding facilities. Plans call for as many as two openings in the coming 18 months. Expansion will take place in the existing market.

For more information, contact Julie La Shure, Sultan & Sons, 650 SW 9th Terrace, Pompano Beach, FL 33060; 305-782-6600, Fax 786-8650.

Retailers Keeping Up with The Times

RCS (212-949-6935), a leading computer hardware and software retailer, recently launched RCSnet, the company's Internet-based computer store and service center. The Web site, which features both the full RCS products line, including more than 30,000 products and daily computer industry news updates, is the first to offer an "Ask the Specialist" on-line help deck for the entire Internet community. RCS customers can also get free technical support. RCS, which operates a flagship retail store in New York City, created the Web Site in response to an extensive customer survey done last year. To access the site type http://www.rcsnet.com.

Mesa House Publishing (817-339-8889) recently released The Site Kit, a new book and computer software package designed to help restaurant and retail companies evaluate sites for potential occupancy. The book and software integrates information from 30 different fields and three demographics zones to predict the quality of a piece of real estate. For each site, the software assigns relative weights based on the user's assessment of the business and market, calculates a final site quality estimate and generates a two-page printed report which details final scores in the 30 categories. The categories include population, business activity, cannibalism, drop-in features and trade area data. Users can customize the software by changing defaults to more accurately reflect the factors driving the business for their particular concept. The Site Kit includes a 176-page book, site questionnaires, software and a user's guide. It sells for $89. The book alone, The Site Book: A Field Guide To Commercial Real Estate Evaluation, sells for $17.99.

Publix Supermarkets (813-688-1188) plans to add SunTrust Bank branches to as many as 20 supermarkets in the Atlanta, GA area this year. The full-service branches will be open seven days a week.

Albertson's (208-385-6200) and First Palm Beach Bancorp., Inc. recently signed an agreement that allows First Palm Beach to place bank branches in six supermarkets in southern FL. Additional branches are planned.

Starbucks Coffee Company (206-447-1575) and Pepsi-Cola Company plans to market a bottled version of Starbucks' Frappuccino drink this summer. The beverage will be sold at convenience stores and supermarkets along the West Coast.

Hannaford Bros. Co. (207-883-2911) and KeyCorp recently executed an exclusive licensing agreement calling for the opening of 30 full-service Key Bank units inside Hannaford Bros. supermarkets in ME, NY, NH and VT.

Kroger (513-762-4000) recently added Ticketmaster outlets to 25 of its supermarkets in Marion County, IN. The company plans to add the outlets to other Kroger stores throughout the state.

Who's Openings and Where...

Burger King (305-378-3243) plans to open a restaurant in downtown Duluth, MN next month. The company is also planning to open as many as 125 restaurants in federal Empowerment Zone communities nationwide within the coming five years.

Checkers Drive-In Restaurants, Inc. (813-441-3500) and Dunkin' Donuts (617-961-4000) are currently testing a co-branding unit in Orlando, FL. The test will be expanded to other Checkers units in the coming months. Additional expansion will be determined by the results of the test program.

Domino's Pizza (313-930-3030) recently opened its 1,000th international store in Perth, Australia. The company is looking to have 3,000 international stores by the year 2000 and its overall goal is to eventually have more international units than domestic units. Currently, the company operates 5,200 units nationwide.

Food Lion (704-633-8250) plans to open 50 supermarkets this year.

Barnes & Noble, Inc. (212-633-3512) recently opened a 30,000 sq.ft. bookstore in Oklahoma City, OK; a 22,800 sq.ft. unit at Lakeshore Marketplace in Norton Shores, MI; a 25,000 sq.ft. unit in Maple Grove, MN; a 30,000 sq.ft. store in Lafayette, LA; a 21,600 sq.ft. unit in Macon, GA; and a 25,000 sq.ft. unit in Fayetteville, AR. The company is also planning to open a 25,000 sq.ft. unit on an outlot of Oak Hollow Mall in High Point, NC.

Federated Department Stores (513-579-7905) plans to use 200,000 sq.ft. of space being vacated by Emporium at Valley Fair in Santa Clara, CA for an expanded Macy's men's store and home furnishings section beginning in April. The move will allow Macy's to expand its women's fashions and accessories lines in its existing Macy's store at the mall. The company also announced that its Bloomingdale's store at the Mall of America in Bloomington, MN plans to test two in-store boutiques. One will be a 700 sq.ft. full service bridal shop by Mary Kay's Bridal of Edina and the other will be an 800 sq.ft. Mimi Maternity shop. If the test proves successful, additional in-store shops may open at other Bloomingdale's stores.

Kittle's Home Furnishing Center, Inc. (317-849-5300) plans to open furniture stores in Lafayette, IN and Columbus, OH during the third quarter of this year.

Pudgie's Chicken, Inc. (516-222-8833) plans to co-brand its first unit with Baskin-Robbins in New York City. The 1,300 sq.ft. unit is expected to be opened next month.

Wal*Mart Stores (501-273-4000) plans to open a 134,000 sq.ft. unit at Delta Oaks Shopping Center in Eugene, OR and an 80,000 sq.ft. unit in Cottage Grove, OR. In addition, the company announced that it plans to open stores in Halifax, Nova Scotia; St. Hyacinthe and Rouyn-Noranda, Quebec; Kanata and Ottawa, Ontario in Canada.

Outback Steakhouse (813-282-1225) plans to open a 6,000 sq.ft. restaurant in Rock Hill, SC during Spring.

Consolidated Products, Inc. (317-633-4100) plans to accelerate the growth of its Steak n Shake restaurant chain by opening 240 units in the coming five years. The previous goal was 160 units. The company currently operates 187 units.

Proffitt's (901-372-4300) plans to open a 160,000 sq.ft. McRae's department store at Edgewater Mall in Biloxi, MS during 1997.

AMC Entertainment, Inc. (816-221-4000) plans to open a 75,000 sq.ft., 24-screen theater complex at Villa Italia Mall in Lakewood, CO during Spring 1997.

Hard Rock Cafe International (407-423-8006) plans to open an 11,500 sq.ft. unit at the Trump Taj Mahal Casino Resort in Atlantic City, NJ during late 1997.

Sports & Recreation, Inc. (813-886-9688) plans to open Bakersfield Sports & Rec in Bakersfield, CA during the Summer. The 60,000 sq.ft. facility will stock golf, tennis, hunting, fishing, camping and team sports equipment as well as athletic footwear and apparel.

Albertson's, Inc. (208-385-6200) plans to open four supermarkets in the San Antonio, TX market this year. Each unit is expected to be approximately 55,000 sq.ft.

Borders, Inc. (313-913-1323) plans to open Borders Books Music & Cafe units in Boynton Beach, FL and Brea, CA this year.

Tandy Corp. (817-390-3011) plans to open "half" an Incredible Universe store in Manhattan, NY. The unit is expected to be between 30,000 sq.ft. and 40,000 sq.ft. Incredible Universe units are usually over 85,000 sq.ft.

Lease Signings

Oxford Real Estate Services Group, Inc. (203-222-3939) leased 7,500 sq.ft. to West Marine Products, Inc. at Tower Shopping Plaza in Milford, CT.

Western Investment Real Estate Trust (916-791-0600) leased 1,050 sq.ft. to Mailboxes Etc. at Angels Towne Center in Angels Camp, CA; 750 sq.ft. to Famous Nails at Laguna/99 Plaza Shopping Center in Elk Grove, CA; 7,500 sq.ft. to Blockbuster Video at Elko Junction Shopping Center in CA; 900 sq.ft. to Nature's Sunshine Health Foods at Canal Farm Shopping Center in Los Banos, CA; 1,050 sq.ft. to Highlander Communications at Eastridge Plaza Shopping Center in Porterville, CA; and 2,000 sq.ft. to Teriyaki Express at Heritage Park Shopping Center in Suisun, CA.

Great American Brokerage (212-557-7272) leased 2,000 sq.ft. to HEARx in Queens, NY.

CB Commercial Real Estate (708-948-6907) leased 1,814 sq.ft. to Manpower and 1,686 sq.ft. to Computer Renaissance at Burbank Station in Burbank, IL.

KLNB, Inc. (703-356-8230) leased 42,000 sq.ft. of ground to Taco Bell in White Marsh, MD; 48,787 sq.ft. of ground to Taco Bell in Lutherville, MD; 2,772 sq.ft. to Bruegger's Bagel Bakery at College Park Shopping Center in College Park, MD; 2,650 sq.ft. to Shoe Express at Eastpoint Mall in Eastpoint, MD; 1,230 sq.ft. to Great Clips at Tollgate Marketplace in Bel Air, MD; and 1,200 sq.ft. to McDonald's at St. Thomas Shopping Center in Owings Mills, MD.

Mid-America Asset Management Co. (708-954-7300) leased 33,264 sq.ft. to OfficeMax/Furniture Max at Park Place Shopping Center in Palatine, IL; 7,252 sq.ft. to Pier 1 Imports, 1,100 sq.ft. to Gingiss Formalware and 1,100 sq.ft. to Wing Ng Chinese Restaurant at Ashland Wellington Plaza in Chicago, IL; 1,606 sq.ft. to Beauty Warehouse at Clybourn Center in Chicago, IL; and 900 sq.ft. to DMI Fashions Boutique at Chase Plaza Shopping Center in Buffalo Grove, IL.

Rein & Grossoehme (602-954-7000) leased 10,353 sq.ft. to Tutor Time Child Care Systems at Mervyn's Plaza in Chandler, AZ; 10,960 sq.ft. to Tutor Time Child Care Systems at Freeway Village in Mesa, AZ; and 7,803 sq.ft. to Tutor Time Child Care Systems at North Mountain Village, Phase II in Phoenix, AZ.

Mortbitzer Group, Inc. (407-539-1000) leased 4,252 sq.ft. to Home Design, Inc. at Landing Towne Square in Altamonte Springs, FL; 1,000 sq.ft. to Rug Doctors at Semoran Business Center in Apopka, FL; 1,600 sq.ft. to Cagle Enterprises, 1,800 sq.ft. to Ocean Refrigeration, Air Conditioning & Heating, Inc. and 1,800 sq.ft. to World Music Corp. at Cypress Park Plaza in Orlando, FL; 1,200 sq.ft. to Papa John's Pizza, 1,200 sq.ft. to Gourmet Cottage, Inc., 1,400 sq.ft. to Patty's Ice Cream, 1,100 sq.ft. to Van Dell Jewelers, 1,300 sq.ft. to Equestrian Collection and 1,430 sq.ft. to Cutting Edge Hair Salon at Wellington Market Place in Wellington, FL.

CB Commercial-Anaheim (714-939-2217) leased 1,200 sq.ft. to Juice It Up! at Stevenson Ranch in Santa Clarita Valley, CA; 1,238 sq.ft. to Juice It Up! at Hazard Center in San Diego, CA and 1,306 sq.ft. to Juice It Up! at Campus Plaza Shopping Center in San Diego, CA.

Financial News...

Pic 'N Save (904-350-9531) plans to emerge from Chapter 11 protection this month as one company operating 27 stores in FL and GA. The new company will be known as Pic 'N Save, Inc.

Nordstrom (206-628-2111) reported that its fourth quarter profit fell 22% to $54.1 million from $69.9 million during the same period last year. The company reported that its fourth quarter total sales were up 4.3% to $1.24 billion, but that its comparable store sales fell one percent. For its fiscal year, the company saw its profit fall 19% to $165.1 million from $202.9 million last year.

Grow Biz International, Inc. (612-520-8500) reported that its revenues for 1995 were $100.2 million compared to 1994's revenue of $83.6 million. Net income for 1995 was reported at $2 million, compared to $1.4 million during 1994. The company operates and franchises 662 Play It Again Sports stores, 157 Once Upon A Child stores, 44 Computer Renaissance stores, 94 Disc Go Round stores and eight Music Go Round stores nationwide.

Sears (708-286-2500) announced that its 50% interest in the Prodigy on-line service is up for sale. Sears is selling its stake so it can concentrate on its retailing business.

DIY Home Warehouse, Inc. (216-328-5100) reported 1995 fiscal year earnings of $3.097 million, compared to FY94 earnings of $4.267 million. Sales for the year were up 30% to $178 million compared to $136 million during FY94. However, the increase in net sales attributed to new stores was 35%, while comparable store sales dropped five percent. During 1995, the company opened five stores and currently operates 16 home improvement units in OH.

J.C. Penney Company, Inc. (214-431-1000) reported that its fiscal year net income, ended January 27, 1996, was $838 million, a decrease from FY95 net income of $1.057 billion. For the year, retail sales increased 0.9% to $2.05 billion.

Autozone, Inc. (901-325-4600) reported that its second quarter net income increased 15% to $27.3 million from $23.8 million during the same quarter last year. Second quarter sales increased 17% to $425.8 million from $364.1 million and comparable store sales increased three percent. During the quarter, the company opened 58 stores including its first in PA, and currently operates 1,251 units in 27 states.

Food Tenants Hungry for Sites Nationwide

Chesapeake Bagel Bakery operates 117 locations nationwide. The stores, selling bagels and bagel sandwiches, occupy spaces of 1,800 sq.ft. to 2,400 sq.ft. in strip centers. Plans call for as many as 210 openings in the coming 18 months. Expansion will take place worldwide.

For more information, contact Whitney Myrus, Chesapeake Bagel Bakery, 1360 Beverly Road/ Suite 104, McLean, VA 22101; 703-893-0167, Fax 893-8048.

Barn'rds Corp. trades as Barn'rds Restaurant at four locations in IA, KS and NE. The restaurants occupy spaces of 500 sq.ft. to 2,400 sq.ft. in strip centers. Plans call for one opening in the coming 18 months. Expansion will take place in NE. The company is seeking a 3,500 sq.ft. space.

For more information, contact Samuel Marvin, Barn'rds Corp., 500 West Broadway/ Suite 412, Council Bluffs, IA 51503; 712-323-2484, Fax 323-9211.

Valentino's, Inc. trades as Valentino's at 45 locations in IA, KS, MO, NE, ND, MN and KS. The sit-down restaurants and fast food facilities occupy spaces of 5,000 sq.ft. in freestanding facilities and strip centers. Growth opportunities are sought in the existing markets. The company is franchising.

For more information, contact Tony Messineo, Valentino's, Inc., PO Box 83089, Lincoln, NE 68501; 402-434-9350, Fax 434-9385.

Unigate Restaurants, Inc. does business as Black-Eyed Pea at 145 locations in AR, FL, GA, IN, KS, MD, MN, OK, SC, TN, TX, VA and Washington, D.C. The full service restaurants occupy spaces of 2,419 sq.ft. to 5,500 sq.ft. in freestanding facilities. Plans call for as many as 10 openings in the coming 18 months. Expansion will take place in the existing markets. The company, which is franchising, prefers to build and own its facilities.

For more information, contact Frank Bullock, Unigate Restaurants, Inc., 8115 Preston Road 1B-7, Dallas, TX 75225; 214-363-9513, Fax 360-9560.

Biga Bakery Corporation operates six locations in FL. The bakeries occupy spaces of 700 sq.ft. to 1,800 sq.ft. in downtown store fronts and strip centers. Growth opportunities are sought in Weston, Las Olas, Coral Springs, Boca Raton, Coral Gables and Naples, FL.

For more information, contact Bud Cruse, Biga Bakery Corp., c/o Triad Real Estate Group, Inc., 800 Douglas Road/ Suite 245, Coral Gables, FL 33134; 305-448-2500, Fax 448-5011.

Casa Ole Restaurant & Cantinas operates 40 locations in TX. The Mexican restaurants occupy spaces of 4,000 sq.ft. to 5,000 sq.ft. in freestanding facilities, regional malls and strip centers. Plans call for one opening in the coming 18 months. Expansion will take place in the existing market.

For more information, contact Larry Nolan Forehand, Casa Ole Restaurant & Cantinas, 1135 Edgebrook, Houston, TX 77034; 713-943-7574, Fax 943-9554.

Yoshinoya West does business as Yoshinoya Beef Bowl at 81 locations in CA. The restaurants, serving beef bowls, steamed rice and chicken teryaki, occupy spaces of 1,600 sq.ft. to 2,200 sq.ft. in a variety of real estate settings. Plans call for 25 openings in the coming 18 months. Expansion will take place in the existing market.

For more information, contact Oliver Cortes, Yoshinoya West, 991 West Knox Street, Torrence, CA 90502; 310-527-6060, Fax 527-6050.

California Pizza Kitchen operates 15 locations in CA. The restaurants, serving gourmet pizza, pasta and salads, occupy spaces of 3,500 sq.ft. to 5,500 sq.ft. in a variety of real estate settings. Plans call for 30 openings in the coming 18 months. Expansion will take place nationwide with an emphasis on metropolitan NY; Philadelphia, PA; Boston, MA; Northern CA and the Pacific Northwest region.

For more information, contact Len Kareska, California Pizza Kitchen, 303 West Erie Street/ Suite 101, Chicago, IL 60610; 312-573-0087, Fax 573-0085.

Friday's Hospitality Worldwide trades as T.G.I. Friday's at 293 locations nationwide. The full service restaurants with bars occupy spaces of 6,000 sq.ft. in freestanding facilities. Plans call for 50 openings in the coming 18 months. Expansion will take place nationwide. The company is franchising.

For more information, contact Dan Cronk, Friday's Hospitality Worldwide, 7540 LBJ Freeway/ Suite 100, Dallas, TX 75251; 800-374-3297, Fax 214-450-5748.

Exline, Inc. does business as Best Pizza in Town at eight locations in MS and TN. The pizza restaurants occupy spaces of 1,000 sq.ft. to 3,000 sq.ft. in freestanding facilities and strip centers. Growth opportunities are sought in the existing markets.

For more information, contact Walter Exline, Exline, Inc., 2935 Austin Peay Highway, Memphis, TN 38128; 901-388-3044.

The County Line, Inc. trades as County Line at 12 locations in CO, NM, OK and TX. The upscale Texas-style restaurants occupy spaces of 7,000 sq.ft. in freestanding facilities. Plans call for as many as three openings in the coming 18 months. Expansion will take place within the existing markets as well as NE.

For more information, contact Brucs Walcutt, The County Line, Inc., 3345 Bee Cave Road/ Suite 150, Austin, TX 78746; 512-327-1959.

Heckel's Big Steer Restaurants trades as Heckel's Big Steer at five locations in WI. The restaurants, serving breakfast, lunch and dinner in a family-dining style, occupy spaces of 4,200 sq.ft. to 5,400 sq.ft. in freestanding facilities. Plans call for one opening in the coming 18 months. Expansion will take place in the existing market.

For more information, contact Bruce Weegman, Heckel's Big Steer Restaurants, 2131 Altoona Avenue-Una Avenue, Eau Claire, WI 54701; 715-834-5586, Fax 834-1928.

Southwest Foods, Inc. does business as Claim Jumper at 17 locations in CA and CO. The dinner houses occupy spaces of 10,000 sq.ft. to 11,000 sq.ft. in freestanding facilities, power and specialty centers. Plans call for one opening in the coming 18 months. Expansion will take place in CO.

For more information, contact Craig Nickloff, Southwest Foods, Inc., 16721 Milliken Avenue, Irvine, CA 92714; 714-756-9001, Fax 756-8733.

Haber Enterprises trades as Chicago Hot Dogs at 25 locations nationwide. The restaurants, specializing in Chicago-style hot dogs, occupy spaces of 500 sq.ft. to 600 sq.ft. in regional malls. Plans call for as many as 12 openings in the coming 18 months. Expansion will take place nationwide. Preferred demographics include a population of 100,000 within one mile.

For more information, contact Michael Sternik, Haber Enterprises, 24293 Telegraph Road, Southfield, MI 48034; 810-353-0730, Fax 353-7592.

Restaurant Systems International trades as Gretel's Pretzels at 10 locations in NJ and NY. The stores, selling fresh-baked hand-rolled pretzels, occupy spaces of 300 sq.ft. to 500 sq.ft. in regional malls. Plans call for 10 openings in the coming 18 months. Expansion will take place nationwide.

The company also trades as Bananas Ultimate Juice Bar at 108 locations nationwide. The specialty juice drink units occupy spaces of 300 sq.ft. to 500 sq.ft. in regional malls. Plans call for 10 openings in the coming 18 months. Expansion will take place nationwide.

For more information on the above two companies, contact Ray Habib, Restaurant Systems International, 1000 South Avenue, Staten Island, NY 10314; 718-494-8888, Fax 494-8776.

Snappy Tomato Pizza International trades as Snappy Tomato Pizza at 40 locations nationwide. The pizza shops occupy spaces of 800 sq.ft. to 1,000 sq.ft. in strip centers. Plans call for 100 openings in the coming 18 months. Expansion will take place nationwide.

For more information, contact Dave Meenach, Snappy Tomato Pizza International, 12115 Madison Avenue, Independence, KY 41051; 606-363-0940, Fax 356-0276.

Runza National does business as Runza Restaurants at 60 locations in CO, IA, KS and NE. The restaurants, which serve hamburgers and sandwiches, occupy spaces of 2,500 sq.ft. in freestanding facilities and regional malls. Plans call for five openings in the coming 18 months. Expansion will take place in the existing market.

For more information, contact Ron Owens, Runza National, 5931 South 58th Street/ Suite D, Lincoln, NE 68516; 402-423-2394, Fax 423-5726.

Chinese Gourmet Express operates 15 locations in AZ, IL, KS, MI and TX. The Chinese restaurants occupy spaces of 750 sq.ft. in regional malls. Plans call for as many as 15 openings in the coming 18 months. Expansion will take place nationwide.

Chinese Gourmet Express also trades as Original Teriyaki at two locations in CA. The restaurants, serving Oriental food with a Japanese flavor, occupy spaces of 600 sq.ft. to 800 sq.ft. in regional malls. The company only opens Original Teriyaki units as an adjunct to Chinese Gourmet Express units if needed to obtain mall spaces.

For more information on both companies, contact Ted Rubinstein, c/o Ted Rubinstein Associates, Inc., 2070 River Reach Road, Naples, FL 33942; 941-435-3551, Fax 435-3553.

National Coney Island, Inc. trades as National Coney Island at 12 locations in MI. The fast food restaurants, specializing in hot dogs and chili, occupy spaces of 500 sq.ft. to 3,000 sq.ft. in downtown store fronts, regional malls and strip centers. Plans call for two openings in the coming 18 months. Expansion will take place in the existing market.

For more information, contact James Giftos, National Coney Island, Inc., 30140 Van Dyke, Warren, MI 48093; 810-751-1357, Fax 751-4712.

Chart House Enterprises, Inc. trades as Islands at 32 locations in AZ, CA, FL and TX. The restaurants, which specialize in steaks and seafood, occupy spaces of 6,500 sq.ft. in freestanding facilities. Plans call for as many as three openings in the coming 18 months. Expansion will take place in AZ and CA.

For more information, contact John Middleton, Chart House Enterprises, Inc., 115 South Acacia Avenue, Solana Beach, CA 92075; 619-755-8281, Fax 755-0497.

Starbucks Coffee Co. trades as Starbucks Coffee at 628 locations in WA, IL, OR, CO, CA, VA, MD, MN, MA, NY, NJ, CT, GA and TX. The stores, serving gourmet coffee, occupy spaces of 300 sq.ft. to 2,500 sq.ft. in downtown store fronts and freestanding facilities. Plans call for the company to be operating 1,500 units by the year 2000. The company is seeking spaces running 2,000 sq.ft.

For more information, contact Yves Mizrahi, Starbucks Coffee Co., PO Box 34067, Seattle, WA 98134-1067; 206-447-1575, Fax 625-9068.

Perkins Family Restaurants operates 445 locations nationwide. The family restaurants occupy spaces of 4,000 sq.ft. to 6,000 sq.ft. in freestanding facilities. Plans call for as many as 35 openings in the coming 18 months. Expansion will take place nationwide.

For more information, contact Harrison Wires, Perkins Family Restaurants, 6075 Poplar Avenue/ Suite 800, Memphis, TN 38119; 901-766-6400, Fax 753-7100.

Piccadilly Cafeterias, Inc. trades as Piccadilly Cafeterias at 135 locations in AL, AZ, CA, FL, GA, LA, MS, MO, NC, OK, SC, TN, TX and VA. The cafeteria-style restaurants occupy spaces of 10,000 sq.ft. in freestanding facilities and strip centers. Plans call for six openings in the coming 18 months. Expansion will take place within the existing markets.

For more information, contact Rick Fuchs, Piccadilly Cafeterias, Inc., 3232 Sherwood Forest Boulevard, Baton Rouge, LA 70821; 504-293-9440, Fax 296-8370.

China Jump operates two locations in NJ and PA. The Chinese restaurants occupy spaces of 500 sq.ft. to 900 sq.ft. in food courts of regional malls. Plans call for 10 openings in the coming 18 months. Expansion will take place nationwide. Leasing running 10 years are typical and the company is franchising.

Kohr Brothers trades as Kohr Bros. Frozen Custard at 10 locations in DE, NJ and MD. The frozen custard units occupy spaces of 200 sq.ft. to 500 sq.ft. at food courts of regional malls. Plans call for 20 openings in the coming 18 months. Expansion will take place in FL, GA, MD, NJ and PA. Leases running 10 years are typical and the company is franchising.

Montesini Pizza operates five locations in NJ and PA. The Italian fast food restaurants occupy spaces of 500 sq.ft. to 1,500 sq.ft. in regional malls. Plans call for 10 openings in the coming 18 months. Expansion will take place in DE, NJ and PA. Leases running 10 years are typical.

For more information on the above three companies, contact Edward Tress, c/o R.A.S. Brokerage, 1265 Drummers Lane #300, Wayne, PA 19087; 610-254-8999, Fax 254-8980.

Great Harvest Franchising, Inc. does business as Great Harvest Bread Company at 101 locations nationwide. The baked-goods stores occupy spaces of 1,800 sq.ft. in strip centers. Plans call for 16 openings in the coming 18 months. Expansion will take place nationwide.

For more information, contact Deborah Harrison, Great Harvest Franchising, Inc., 28 South Montana Street, Dillon, MT 59725; 406-683-6842.

Lead Sheet

Lawrence Merchandising Corp.

dba Charlotte Russe

Daniel Lawrence

5015 Shoreham Place

San Diego, CA 92122

619-587-9900, Fax 587-0907

Apparel

The 34-unit chain operates locations in AZ, CA and NV. The women's apparel and accessories stores occupy spaces of 6,000 sq.ft. to 10,000 sq.ft. in outlet centers and regional malls. Plans call for as many as six openings in the coming 18 months. Expansion will take place in the existing markets.

The Rag Shop

Stanley Berenzweig

111 Wagaraw Road

Hawthorne, NJ 07506

201-423-1303, Fax 427-6568

Arts & Crafts

The 68-unit chain operates locations in CT, NJ, NY, PA, MD, FL and RI. The stores, selling arts and crafts supplies, occupy spaces of 7,500 sq.ft. to 15,000 sq.ft. in freestanding facilities and strip centers. Plans call for as many as three openings in the coming 18 months. Expansion will take place within the existing markets.

General Parts

dba Valley Motor Supply

John Gardner

PO Box 26006

Raleigh, NC 27611

919-876-9813, Fax 790-0411

Automotive

The 44-unit chain operates locations in MT and WY. The stores, selling automotive accessories and supplies, occupy spaces of 4,500 sq.ft. to 10,000 sq.ft. in freestanding facilities. Plans call for as many as two openings in the coming 18 months. Expansion will take place in the existing markets.

Westpoint Pepperell Mill Store

Al Markem

PO Box 609

West Point, GA 31833

706-645-7737, Fax 645-7503

Bed & Bath

The 34-unit chain operates locations nationwide. The stores, selling a full line of bed, bath and related houseware accessories, occupy spaces of 10,000 sq.ft. to 36,000 sq.ft. in outlet centers. Plans call for the opening of four units in the coming 18 months. Expansion will take place in GA, TX and WI.

McHarris Gifts

Joseph McHarris

1913 Genessee Street

Utica, NY 13501

315-732-1202, Fax 732-0418

Cards & Gifts

The six-unit chain operates locations in NY. The stores, selling Hallmark cards and gifts, occupy spaces of 3,000 sq.ft. in regional malls, specialty and strip centers. Growth opportunities are sought in the existing market.

Laptop Superstore

Roland Chin

PO Box 8119

Natick, MA 01760

508-650-3616, Fax 653-4998

Computers

The nine-unit chain operates locations in CA, GA, MA, NH and TX. The computer stores, specializing in closeouts, occupy spaces of 1,000 sq.ft. to 1,500 sq.ft. in freestanding facilities. Growth opportunities are sought in CA, GA, MA, NH, NJ, NY, TX and Canada.

Fearless Farris Service Stations

Kent Johnson

300 North Orchard Street

Boise, ID 83706

208-375-0942, Fax 375-0944

Convenience

The 42-unit chain operates locations in ID, NV and WA. The convenience stores, which also sell gasoline, occupy spaces of 2,000 sq.ft. to 2,500 sq.ft. in freestanding facilities. Plans call for as many as three openings in the coming 18 months. Expansion will take place in the existing markets.

Hyde Group, Inc.

dba Pit Stop Convenience Centers

Katherine Palmer

PO Box 2506

Peachtree City, GA 30269

770-487-9997, Fax 487-3379

Convenience

The eight-unit chain operates locations in GA. The convenience stores, which also sell gasoline, occupy spaces of 2,000 sq.ft. to 2,500 sq.ft. in freestanding facilities. Plans call for two openings in the coming 18 months. Expansion will take place in the existing market. The company is franchising.

Merle Norman Cosmetics, Inc.

dba Merle Norman

Marv Landon

9130 Bellanca Avenue

Los Angeles, CA 90045

310-641-3000, Fax 641-7144

Cosmetics

The 2,200-unit chain operates locations throughout North America. The cosmetics stores occupy spaces of 600 sq.ft. in regional malls, community and strip centers. Growth opportunities are sought nationwide.

National Wholesale Liquidators

Lionel Levey

c/o The Levey Companies

70 South Orange Avenue/ suite 110

Livingston, NJ 07039

201-533-1100, Fax 533-1288

General Merchandise

The 14-unit chain operates locations in NJ and NY. The stores, offering general merchandise at deep discounts, occupy spaces of 30,000 sq.ft. to 100,000 sq.ft. in freestanding facilities and strip centers. Plans call for as many as four openings in the coming 18 months. Expansion will take place in the existing markets.

Sunbelt Nursery Group

dba Sunbelt Nursery

Ed Watts

500 Terminal Road

Fort Worth, TX 76106

817-624-7253, Fax 626-3081

Home Center

The 90-unit chain operates locations in AZ, CA, OK and TX. The stores, selling lawn and garden supplies, occupy spaces of 40,000 sq.ft. to 60,000 sq.ft. in freestanding facilities and strip centers. Growth opportunities are sought in the existing markets.

Camelot Corp.

dba Mr. CD-ROM Stores

Patrick Kane

17770 Preston Road

Dallas, TX 75252

214-733-3005, Fax 733-4308

Music

The five-unit chain operates locations in TX. The music stores occupy spaces of 1,000 sq.ft. to 3,000 sq.ft. in strip centers. Plans call for 100 openings in the coming 24 months. Expansion will take place nationwide. Leasing running 10 years are typical.

Party Land

John Barry

5215 Militia Hill Road

Plymouth Meeting, PA 19462

610-941-6200, Fax 941-6301

Party Supplies

The 100+ unit chain operates locations nationwide. The party supply stores occupy spaces of 5,000 sq.ft. in freestanding facilities and strip centers. Plans call for 15 openings in the coming 18 months. Expansion will take place nationwide. The company recently acquired 20 Hallmark Parties Galore stores and plans to change the name to Party Land. The company also plans to open 13 units throughout the Middle East and units throughout the United Kingdom.

Steve's Shoes, Inc.

dba Steve's Shoes,

Overland Outdoor Footwear

Mike Yeager

13550 West 108th Street

Shawnee Mission, KS 66215

913-469-5535, Fax 469-5718

Shoes

The 43-unit chain operates locations in CO, KS, MO, OK, MN, IA, NE, SD and WI. The stores, selling shoes for the family as well as outdoor footwear, occupy spaces of 1,000 sq.ft. to 2,000 sq.ft. in regional malls. Plans call for as many as five openings in the coming 18 months. Expansion will take place in the existing markets.

Mattress Discounter

Bob Pratt

c/o R.L. Pratt & Associates

123 Washington Boulevard

Marina Del Rey, CA 90292

310-577-1414, Fax 577-1415

Specialty

The 164-unit chain operates locations in CA, MD, NY, PA, MA and VA. The stores, selling mattresses, occupy spaces of 3,500 sq.ft. to 5,000 sq.ft. in a variety of real estate settings. Plans call for 10 openings in the coming 18 months. Expansion will take place in CA.

R.E.I. Co-Op

dba R.E.I.

Brian Cannard

PO Box 1938

Sumner, WA 98390-0800

206-395-3780

Sporting Goods

The 44-unit chain operates locations nationwide. The stores, selling outdoor sporting goods, equipment and clothing, occupy spaces of 30,000 sq.ft. in freestanding facilities. Plans call for three openings in the coming 18 months. Expansion will take place nationwide.

Wild Oats Markets, Inc.

dba Wild Oats Markets

Bennett Bertoli

6025 South Quebec/ Suite 330

Engelewood, CO 80111

303-689-9258

Supermarket

The 21-unit chain operates locations in CA, CO, KS, MO, NM and NV. The natural foods supermarkets occupy spaces of 20,000 sq.ft. to 25,000 sq.ft. in freestanding facilities and strip centers. Plans call for 10 openings in the coming 18 months. Expansion will take place nationwide.

Exclusives: Leasing & Management Assignments

Oxford Real Estate Services Group, Inc. (203-222-3939) is the exclusive tenant representative for Stride Rite. The company is seeking five sites, running 1,000 sq.ft. to 1,200 sq.ft., in Fairfield County and Westchester County, CT. The company is also the exclusive tenant representative for a pizza restaurant seeking spaces running 1,000 sq.ft. to 2,000 sq.ft. in Fairfield County, CT.

First Development Corporation (516-234-3200) is the exclusive agent for New World Coffee in the New York Metropolitan Area. The company is seeking spaces running 800 sq.ft. to 2,000 sq.ft. in active downtown locations, regional, community and specialty strip centers. Freestanding locations with drive-thru opportunities are also of interest.

Levin Management Corporation (908-755-2401) has been named property manager and exclusive leasing agent for a 20,000 sq.ft. neighborhood shopping center in Brooklyn, NY.

McClinton & Company, Inc. (334-270-9653) has been retained as the exclusive leasing agent for McFarland Mall in Tuscaloosa, AL. The 500,000 sq.ft. project is anchored by Gayfers, Goody's, T.J. Maxx and Cobb Theaters.

CB Commercial-Anaheim (714-939-2217) has been named the exclusive tenant representative for Juice It Up!, a new chain offering yogurt-based drinks that feature fresh fruits and juices, gourmet coffee and bagels. The company, which operates four units, is seeking freestanding or in-line spaces ranging from 900 sq.ft. to 1,500 sq.ft. in major grocery/drug, promotional or entertainment anchored centers throughout CA.

Store Closings

Target Stores (612-370-6073) plans to close its Everyday Hero unit at Knollwood Mall in St. Louis Park, MN during May. The store, which was opened during March, 1992, is being closed because of its poor sales performance.

Kmart Corp. (810-643-1000) plans to close 15 stores by the end of May. Stores being closed are located in Calexico, Mission Viejo, Perris, Rialto and Vista, CA; Skowhegan, ME; Mt. Clemens and Wyoming, MI; Pennsville, NJ; Oxford, OH; Medford, OR; Coventry, RI; and Austin, Garland and Houston, TX. The company is closing the stores because they are not meeting the company's sales, profit and return on investment requirements.

Bradlees (617-380-5863) plans to close 12 department stores in CT, MA, ME, NJ and NY by the end of May. The units being closed are small, underperforming older stores located in areas that are losing population or seeing population shifts.

Space Place

Connecticut

Danbury- A 5,400 sq.ft. space is available for lease at a project anchored by Sports Authority and Bed Bath and Beyond. In Fairfield- A 7,000 sq.ft. space is available for lease in a downtown location adjacent to The Gap, Fairfield Department Store and Brooks Drugs. In Newtown- A 1,300 sq.ft. space is available for lease at a strip center fronting South Main Street. Also in Newtown- A 4,600 sq.ft. liquor store is available for lease or sale at a shopping center anchored by Super Stop & Shop.

For details, contact Robert Berke of Oxford Real Estate Services Group, Inc. at (203-222-3939).

Florida

Delray Beach- A 26,196 Baby Superstore will be available for sublease during the second quarter of 1997. In Orlando- University Park Plaza II is anchored by Waccamaw and SteinMart. A 20,449 sq.ft. Baby Superstore is available for sublease. In Pembroke Pines- A 29,220 sq.ft. Baby Superstore is available for sublease beginning in September.

For details, contact Amy Kennedy or Steve Sachs of Alterman Associates, Inc. at (770-984-1323), Fax (984-1607).

Louisiana

Lake Charles- Lake Charles Power Centre, a 450,000 sq.ft. project to be constructed this year, has spaces from 1,000 sq.ft. to over 100,000 sq.ft. available for lease. Ground breaking is expected to take place during May with opening expected during August. The site fronts US Highway 201 and LA Highway 14 which generate a daily traffic count of 42,000 vehicles per day. Demographics include a five-mile population of 85,000 earning $27,100 as the average income.

For details, contact Mark Carpenter of MCS Group, Inc. at (713-442-3333), Fax (442-9991).

New Jersey

Elizabeth- A 7,800 sq.ft. space is available for lease at a project tenanted by McDonalds, Pep Boys, CVS Pharmacy, Aldi's Supermarket, Pizza Hut, Revco, Rickel's, Wendy's, Kentucky Fried Chicken and Meineke Mufflers. The site fronts Route 27. Demographics include a trade area population of 543,289 earning $44,155 as the average household income.

For details, contact B. Louis Asch at (908-354-8874) or (516-295-4122).

Hackettstown- Mansfield Commons is anchored by Wal*Mart, A&P Supermarket, Sears Hardware, Staples and Mandees. The 310,000 sq.ft. project has space available for lease. Demographics include a five-mile population of 32,033 earning $54,020 as the average income. In Phillipsburg- Pohatcong Plaza is anchored by Wal*Mart, Toys 'R Us, Giant Supermarket and Circuit City. The 345,000 sq.ft. project has space available for lease. Demographics include a five-mile population of 70,913 earning $35,364 as the average income.

For details, contact Cliff Simon of National Realty & Development Corp. at (800-932-RENT).

New York

Colonie- A 15,000 sq.ft. space is available at a 20,000 sq.ft. freestanding facility fronting I-87. The project is located adjacent to Northway Mall, Hoyt's Cinema 10, Lechmere's and BJ's Wholesale Club.

For details, contact Cynthia Lotz of Columbia Development Group at (518-452-3106), Fax (452-3378).

Hyde Park- Hyde Park Mall is anchored by ShopRite, CVS and Radio Shack. The 130,000 sq.ft. project has a 63,000 sq.ft. former Jamesway store, which can be subdivided, for lease as well as 15,000 sq.ft. of expansion space available for lease. Demographics include a five-mile population of 75,000 earning $45,000 as the annual income.

For details, contact John Azarian of Azarian Management & Development Co. at (201-444-9888).

Syosset- A 30,000 sq.ft. freestanding building is available for lease. The site fronts Jericho Turnpike which generates a daily traffic county of 35,000 vehicles.

For details, contact Susan Sievers of Schacker Realty at (516-293-3700).

Buyers & Sellers of Commercial Properties

CB Commercial Real Estate Group, Inc. Anaheim (CA) brokered the sale of La Mirada Shopping Center in La Mirada, CA. The 16,894 sq.ft. project, which is tenanted by Little Caesar's Pizza, was sold by Gilbert Financial to Bral Partnership for $1.3 million.

For more information, contact Brian Bethea at (714-939-2211).

Rein & Grossoehme brokered the sale of a 36,000 sq.ft. pad site in Mesa, AZ to Manny Rodriguez, a Burger King Franchisee. The sales price was $340,000.

For more information, contact Jerry Robers at (602-954-7000), Fax (954-7271).

Pyramid Brokerage Company, Inc. brokered the sale of William's Grocery Store in North Syracuse, NY. The 123,000 sq.ft. project was sold to Peter's Groceries, Inc. who plans to continue to operate the store as a supermarket.

For more information, contact Frank Scuderi or Lee Salvetti at (315-445-1030), Fax (445-2074).

Professional Consulting Services has the listing to sell a 150' x 180' outlot located in front of Caryage Square Strip Center in Lima, OH. The site has great visibility, ample parking, all utilities and high traffic volume. The parcel is ideal for a restaurant, video store or other high volume uses. The asking price is $150,000. The owner will also build and lease or do a long term land lease as well.

For more information, contact Ted Yewey at (419-229-2279), Fax (222-9799).

Vernon A. Martin, Inc. Realtors has the listing to sell an 8,000 sq.ft. building in Topsfield, MA. The four acre site has 418 feet of frontage on Route 1 and a paved parking lot. The asking price is $395,000.

For more information, contact Patricia Gallagher at (508-745-6002), Fax (745-7026).

Alpha & Omega Funding is in the market to acquire retail properties with upside potential nationwide. Properties of interest have GLAs of at least 70,000 sq.ft.

For more information, contact Alan Thederahn at (614-268-5238), Fax (268-5238).

Oxford Real Estate Services Group, Inc. has the listing to sell two fast food restaurants located in East and West Hartford, CT. Both sites consist of approximately 3,000 sq.ft. on approximately 1.6 acres. The company also has the listing to sell a 4,600 sq.ft. liquor store in Newtown, CT. The asking price is $475,000.

For more information, contact Michael Berke at (203-222-3939), Fax (222-3944).

Lupo Investments/Jack Lupo Realty Co., Inc. recently acquired a Pier 1 Import store in Tupelo, MS. The purchase price was $1.286 million.

For more information, contact Lupo Investments at (407-391-8244), Fax (391-8885).

Rothwood Real Estate Services represented the seller of six acres of land in Brooklyn, NY. The seller was Davidson Pipe Supply Co., Inc. and the buyer was Costco Wholesale Corporation who plans to build a 150,000 sq.ft. store on the site.

For more information, contact Ken Roth at (516-466-3600).

AmCap Properties, Inc. represented the seller, BBB Steele, LLC, in the sale of The Shoppes at Cherry Creek in Denver, CO. The 30,000 sq.ft. project was purchased by J&K Investments for $2.313 million.

For more information, contact Bruce Wasko or Joshua Kagan at (303-321-1500), Fax (321-0662).

Correction

In the February 23, 1996 edition of The Dealmakers the phone number for The Roberts Organization was incorrectly reported. The correct address, phone and fax numbers are: The Roberts Organization, Rick Greenberg, 10 East 80th Street, New York, NY 10021; 212-734-0500, Fax 628-0809.