Issue 20 for the week of June 12, 1996

The Dealmakers Issue Number 20 for the week of June 12, 1996.

Automotive Tenants Seeking Sites Nationwide

Hi-Gear Tire & Auto Supply operates 41 locations in MD and VA. The automotive supply stores occupy spaces of 4,000 sq.ft. in freestanding facilities and strip centers. Growth opportunities are sought in the existing markets.

For more information, contact Stanley Love, Hi-Gear Tire & Auto Supply, 110 Ritchie Road, Capitol Heights, MD 20743; 301-336-3000, Fax 499-4805.

One Stop Auto Parts operates 38 locations in FL. The automotive parts and supplies stores occupy spaces of 5,000 sq.ft. to 8,000 sq.ft. in end-caps of strip centers and freestanding facilities. Plans call for six openings in the coming 18 months. Expansion will take place in the existing market. Leases running five years are typical.

For more information, contact Allan Klein, One Stop Auto Parts, 1113 62nd Avenue North, St. Petersburg, FL 33702; 813-522-2897, Fax 521-1762.

The Lube Center, Inc. does business as Duration Lube Centers at three locations in TN. The units, which offer 10 minute oil and lube services, occupy spaces of 5,700 sq.ft. in freestanding facilities. Plans call for two openings in the coming 18 months. Expansion will take place in the existing market.

For more information, contact Hagen Peters, The Lube Center, Inc., 2130 Covington Pike, Memphis, TN 38128; 901-373-4500, Fax 373-4777.

Foreign Autopart, Inc. trades as Foreign Autopart at 27 locations in CT, ME, MA, NY and RI. The stores, which sell automotive parts for foreign cars, occupy spaces of 3,000 sq.ft. to 4,000 sq.ft. in freestanding facilities. Growth opportunities are sought in the existing markets.

For more information, contact Todd Patkin, Foreign Autopart, Inc., 1205 U.S. Route One, Sharon, MA 02067; 617-784-1111, Fax 784-1100.

Acme Auto Supply operates 23 locations in CT. The automotive stores occupy spaces of 1,500 sq.ft. to 6,000 sq.ft. in freestanding facilities. Plans call for two openings in the coming 18 months. Expansion will take place in the existing market.

For more information, contact James Fine, Acme Auto Supply, 620 R Oakwood Avenue, West Hartford, CT 06110; 203-246-2540, Fax 525-1868.

Fisher Auto Parts trades as Acme Auto and Fisher Auto at 200 locations in PA, NJ, NY, DE, MD, VT, VA, WV, NC, IN, IL and KY. The automotive parts and accessories stores occupy spaces of 2,000 sq.ft. to 4,000 sq.ft. in freestanding facilities and strip centers. Growth opportunities are sought in the existing markets.

For more information, contact David Beiry, Fisher Auto Parts, 512 Greenville Avenue, Stanton, VA 24402; 540-885-8901.

Adap, Inc. does business as Auto Palace at 96 locations in CT, MA, NH, NY and RI. The automotive supply and repair facilities occupy spaces of 8,000 sq.ft. to 10,000 sq.ft. in freestanding facilities, power and strip centers. Growth opportunities are sought in the existing markets.

For more information, contact Mike Rodelle, Adap, Inc., 625 Bodwell Street, Avon, MA 02322; 508-587-8400, Fax 580-3202.

V.I.P., Inc. trades as VIP Discount Auto Centers at 32 locations in ME, MA and NH. The automotive parts and accessories stores occupy spaces of 10,500 sq.ft. to 21,600 sq.ft. in freestanding facilities. Growth opportunities are sought in the existing markets.

For more information, contact Robert Spencer, V.I.P., Inc., 12 Lexington Street, Lewiston, ME 04240; 207-784-5423, Fax 784-9178.

American Discount Tire & Auto Centers operates one location in FL. The automotive center occupies a 4,500 sq.ft. end-cap space in a strip center. Growth opportunities are sought in the existing market. The company is seeking build-to-suit deals as well.

For more information, contact Dave Lombardi, American Discount Tire & Auto Centers, 3202 53rd Avenue East, Bradenton, FL 34203; 813-751-1949, Fax 758-6573.

Lease Signings

Linda Crowley & Associates, Inc. (714-857-7940) leased 1,450 sq.ft. to East Coast Bagels at Crossroads Shopping Center in Fullerton, CA.

The Sansone Group, Inc. (314-727-6664) leased 1,400 sq.ft. to Lee Wok Chop Suey at Southwest Plaza in St. Louis, MO; 1,400 sq.ft. to Majestic Travel at Mid Rivers Center in St. Charles, MO and 2,100 sq.ft. to Big River Bagels at Woodland Plaza in St. Louis, MO.

CB Commercial La Jolla, CA (619-546-4663) leased 4,300 sq.ft. to The Pamplemousse Grill in Solana Beach, CA; 4,488 sq.ft. to Bruno's Italian Restaurant at Old California Restaurant Row in San Marcos, CA; 3,850 sq.ft. to Sherwin Williams Co. in El Cajon, CA; 917 sq.ft. to News Etc. at Renaissance Towne Centre in San Diego, CA and 6,000 sq.ft. to Gentleman's Choice restaurant in San Marcos, CA.

Sigma National, Inc. (804-320-6100) leased 10,000 sq.ft. to Boater's World for a freestanding location adjacent to Janaf Shopping Center in Norfolk, VA.

Harrison & Bates, Inc. (804-788-1000) leased 35,850 sq.ft. to Food Lion at Meadowdale Shopping Center in Richmond, VA.

RMC Realty Companies, Ltd. (813-960-8154) leased 48,000 sq.ft. to Winn-Dixie at Belleview Regional Shopping Center in Belleview, FL.

Fidelity Land Development Corp. (201-966-2800) leased 23,000 sq.ft. to Odd Job Trading, 17,500 sq.ft. to Staples and 4,000 sq.ft. to Play It Again Sports at Roxbury Mall in Succasunna, NJ.

The Ross Realty Group, Inc. (813-725-2800) leased 1,600 sq.ft. to Big Daddy, Inc./Joffrey's at Oakbrook Plaza in Clearwater, FL.

Mortbitzer Group, Inc. (407-539-1000) leased 1,800 sq.ft. to A+ Verticals at Cypress Park Plaza in Orlando, FL; 900 sq.ft. to Jan Marie's Gourmet Coffee at Citrus Center in Inverness, FL; 2,500 sq.ft. to Radio Shack at Center of Winter Park in Winter Park, FL; 1,320 sq.ft. to Cornerstone Cafe at Oviedo Shopping Center in Oviedo, FL; 2,543 sq.ft. to Insight, Inc. at Lee Road Shopping Center in Orlando, FL; 1,300 sq.ft. to Eye Supply of Florida at Wellington Marketplace in Wellington, FL and 300 sq.ft. to Orlando Discount Guide at Shoppes of International Place in Orlando, FL.

Western Investment Real Estate Trust (916-791-0600) leased 1,000 sq.ft. to Dr. Jerry D. Ferris, O.D. for an optical store at Eagle Station Shopping Center in Carson City, NV; 1,600 sq.ft. to For Love of Pets and 1,293 sq.ft. to Studio III at Caughlin Ranch Shopping Center in Reno, NV; 4,200 sq.ft. to New Family Fashion Center at Mercantile Row Shopping Center in Dinuba, CA; 1,500 sq.ft. to Continental Cafe at Laguna/99 Plaza Shopping Center in Elk Grove, CA; 2,782 sq.ft. to Sticks at Country Gables Shopping Center in Roseville, CA; 5,000 sq.ft. to International House of Pancakes at Pine Creek Shopping Center in Grass Valley, CA; 750 sq.ft. to Dolly's Beauty Supply at Canal Farm Shopping Center in Los Banos, CA and 1,260 sq.ft. to Beauty Unlimited at Heritage Place Shopping Center in Tulare, CA.

Neal Realty & Investments, Inc. (954-568-0530) leased 1,440 sq.ft. to Computer Toy Shop at University Shops in Lauderhill, FL; 2,000 sq.ft. to Michele's Boardwalk Restaurant at Delray West Shopping Center in Delray, FL; 3,400 sq.ft. to Cherrystones Restaurant at Marketplace of Delray in Delray, FL; 2,000 sq.ft. to Ciao Italia Leather Gallery at Boulevard Shoppes II in Lauderhill, FL and 1,200 sq.ft. to One Hour Martinizing at Dip-N-Donut Plaza in Pembroke Pines, FL.

Goldman Retail Associates (310-235-0444) leased 6,329 sq.ft. to Castaic Hardware in Castaic, CA.

Capital Realty Advisors, Inc. (561-744-1088) leased 5,792 sq.ft. to China Cafe at Shops At Palm Coast in West Palm Beach, FL and 7,800 sq.ft. to Flores Restaurant at The Village Shopping Center in Austin, TX.

Equity Properties and Development Limited Partnership (305-944-7132) leased 4,000 sq.ft. to Dollar Store and 2,800 sq.ft. to Boccia at The Mall at 163rd Street in North Miami Beach, FL.

New Construction

Mall Properties recently entered into a two-year option to buy 100 acres of land from the Economic Development Authority of Newport News, VA with the idea of constructing a one million sq.ft. mall, a hotel and a freestanding store on the site. No anchor tenants have been signed, and the company is seeking financing for the project before proceeding. However, preliminary plans call for a two-level mall with three department stores encompassing 750,000 sq.ft. on 85 acres. A later expansion could bring the mall's GLA to one million sq.ft. A hotel and freestanding store, potentially a supermarket, are penciled in for the remainder of the parcel. The land costs are in excess of $5.8 million and construction costs are estimated between $75 million and $100 million. Mall Properties has a target opening date for the project of Fall 1999.

For more information, contact Mall Properties at (212-935-1330).

The Mills Corporation and Simon Property Group plans to break ground on Grapevine Mills in Grapevine, TX this month. The 1.9 million sq.ft. project will be anchored by Off-5th Saks Fifth Avenue Outlet, Bed Bath & Beyond, T.J. Maxx, The Sports Authority, Burlington Coat Factory and Books-A-Million. Additional tenants include Group USA, Nine West Outlet, FootLocker, Rainforest Cafe and a large-screen IMAX theater. The project is expected to open during 1997.

For more information, contact Jeff Olson of The Mills Corporation at (202-298-5039).

CBL & Associates Properties, Inc. recently broke ground on Salem Crossing in Virginia Beach, VA. The 289,382 sq.ft. project will be anchored by a 196,928 sq.ft. Wal*Mart Supercenter and a 54,884 sq.ft. Hannaford Food & Drug Superstore. Additional tenants will include Pet Warehouse in 6,400 sq.ft.; Cato/Cato Plus in 4,800 sq.ft.; Dollar Tree Stores in 4,000 sq.ft.; Friedman Jewelers in 4,000 sq.ft.; Soccer City, USA in 2,360 sq.ft.; General Nutrition Center in 1,610 sq.ft.; Haircrafters Salon in 1,200 sq.ft.; Zero's Mr. Submarine in 1,600 sq.ft.; Choice Pizza & Subs in 1,500 sq.ft. and Mr. Lu's No. 1 Chinese Restaurant in 1,200 sq.ft. A Moovies video store will occupy a freestanding space on an outparcel of the site. The project is expected to open during early 1997.

For more information, contact Ben Byrne, leasing representative of CBL & Associates Properties, Inc. at (800-333-7310, Ext. 247).

Hawkins-Smith is looking to develop Barger Crossing in Eugene, OR. The 137,000 sq.ft. project will be anchored by a Waremart grocery store and a Bi-Mart discount store. Specialty store space will also be constructed. The project needs several approvals before construction can commence.

For more information, contact Hawkins-Smith at (208-376-8521).

Fidelity Development Corp. is looking to develop Watchung Square in Watchung, NJ. The 750,000 sq.ft. project will be anchored by Home Depot, Bed Bath & Beyond, Target, P.C. Richards, Baby's 'R Us and a 12-screen Regal Cinema. A 69,000 sq.ft. supermarket is also planned for the site. The company is also planning to develop Town Center Plaza in East Windsor, NJ. The 200,000 sq.ft. project will be anchored by a 75,000 sq.ft. Shop-Rite supermarket.

For more information, contact Salvatore Davino of Fidelity Development Corp. at (201-966-2800).

The Richard E. Jacobs Group is currently developing SouthPark Center in Strongsville, OH. The 1.2 million sq.ft. project will be anchored by Dillard's, Kaufmann's, J.C. Penney, Sears and Kohl's. In addition, more than 90 specialty stores will be found at the mall. The project is set to open during October.

For more information, contact The Richard E. Jacobs Group at (216-871-4800).

Diversified Shopping Centers is currently developing Aliso Pacific Plaza in Aliso Viejo, CA. The 112,000 sq.ft. project will be anchored by Hughes Family Market, Pep Boys and Sav-On. The company is currently developing Laguna Crossroads in Sacramento, CA. The 430,000 sq.ft. project will be anchored by Target, Lucky Supermarket and Home Express. The company is currently developing Marketplace 99 South in Sacramento. The 10.75 acre site will feature Staples, Marie Callender's and IHOP. Pad sites are available for sale or build-to-suit. The company is also developing Village Center at Rose in Placentia, CA. The 99,051 sq.ft. project will be anchored by Hughes Family Market, Hometown Buffet and Carl's Jr.

For more information, contact Heather Beal (Northern CA) at (916-920-5555) or Tamra Greenlee (Southern CA) at 714-957-2651).

Food Tenants Hungry for Sites Nationwide

Juicy Lucy's, Inc. trades as Juicy Lucy's at 26 locations in CO, FL, IN, MD and WI. The restaurants, serving breakfast sandwiches, hamburgers and club sandwiches, occupy spaces of 1,000 sq.ft. in freestanding facilities. Growth opportunities are sought in FL.

For more information, contact Suzanne Grady, Juicy Lucy's, Inc., 2235 1st Street, Suite 206, Fort Myers, FL 33901; 800-654-6817.

Lyons Restaurants, Inc. trades as Lyons Restaurants at 84 locations in CA, NV and OR. The family restaurants, which are open 24-hours-a-day, occupy spaces of 5,000 sq.ft. in freestanding facilities and strip centers. Growth opportunities are sought in CA and OR.

For more information, contact Mike Simonson, Lyons Restaurants, Inc., 1165 Triton Drive, Foster City, CA 94404; 415-349-5966, Fax 573-7743.

Mark Pi's Chinese Restaurant operates 53 locations in KY, IN, MI, MO, OH, PA and VA. The Chinese restaurants occupy spaces of 400 sq.ft. to 5,000 sq.ft. in downtown store fronts, regional malls and specialty centers. Plans call for seven openings in the coming 18 months. Expansion will take place nationwide.

For more information, contact Mark Pi, Jr., Mark Pi's Chinese Restaurant, 3120 Valley View Drive, Columbus, OH 43204; 614-276-0901, Fax 276-0917.

Mr. Mugs operates 20 locations in Ontario, Canada. The restaurants, serving coffee and donuts, occupy spaces of 1,800 sq.ft. in strip centers. Growth opportunities are sought in the existing market.

For more information, contact The Director of Real Estate, Mr. Mugs, Box 20019 RPO Global Courier, Brantford, Ontario, Canada N3P 2A4; 519-752-9890, Fax 752-0978.

SBK Franchise Systems does business as Sobik's Subs at 51 locations in FL and NE. The restaurants, specializing in submarine sandwiches, occupy spaces of 125 sq.ft. to 3,000 sq.ft. in freestanding facilities and strip centers. Plans call for 50 openings in the coming 18 months. Expansion will take place in FL. The company also co-brands with convenience stores.

For more information, contact Kim Byrd, SBK Franchise Systems, 1059 Maitland Center Commons, Maitland, FL 32751; 407-875-1175.

White Castle System, Inc. trades as White Castle at 299 locations in IL, IN, KS, KY, MI, MN, MO, NJ, NY, OH, PA and TN. The fast food restaurants, specializing in steamed grilled hamburgers, occupy spaces of 1,600 sq.ft. in freestanding facilities. Plans call for 25 openings in the coming 18 months. Expansion will take place in the existing markets.

For more information, contact Sam Grani, White Castle System, Inc., 555 West Goodale Street, Columbus, OH 43215; 614-228-5781, Fax 461-4033.

Woody's Bar-B-Q, Inc. trades as Woody's Bar-B-Q at 30 locations in FL and NC. The sit-down restaurants, specializing in barbecue foods, occupy spaces of 4,000 sq.ft. in freestanding facilities. Growth opportunities are sought throughout the Southeastern region. The company is franchising.

For more information, contact William Moon, Woody's Bar-B-Q, Inc., 1626 Atlantic University Circle, Jacksonville, FL 32207; 904-724-1976, Fax 721-9321.

LAL Enterprises, Inc. does business as Burger King and Denny's at 41 locations (26 Burger Kings and 15 Denny's) in CA, NV and WA. The restaurants occupy spaces of 4,300 sq.ft. in freestanding facilities, power centers and regional malls. Growth opportunities are sought in the existing markets.

For more information, contact Rocky Yee, LAL Enterprises, Inc., 7311 Greenhaven Drive, Suite 270, Sacramento, CA 95831; 916-427-0259, Fax 427-7142.

Candy Cafe operates two locations in MA. The stores, selling bulk candies, occupy spaces of 1,000 sq.ft. to 2,000 sq.ft. in downtown store fronts, regional malls, outlet, specialty and strip centers. Plans call for five openings in the coming 18 months. Expansion will take place in CT, ME, MA, NH, RI and VT.

For more information, contact Steven Tenofsky, c/o The Bayliss Co., Inc., 1000 Boston Turnpike, Shrewsbury, MA 01545; 508-845-5000, Ext. 306, Fax 842-6100.

The Kimpton Group trades as Kuleto's, Red Star Tavern & Roast House and various other trade names at 23 locations in CA, OR and WA. The restaurants occupy spaces of 6,000 sq.ft. to 8,000 sq.ft. in downtown store fronts. Growth opportunities are sought in the existing markets.

For more information, contact Julie Purnell, The Kimpton Group, 222 Kearny, Suite 200, San Francisco, CA 94108; 415-397-5572, Fax 296-8031.

Penn Station Steak & Sub operates 27 locations in KY, IN and OH. The restaurants, serving cheesesteaks, submarine sandwiches and French fries, occupy spaces of 1,200 sq.ft. to 1,750 sq.ft. in freestanding facilities, regional malls and strip centers. Growth opportunities are sought nationwide. The company is franchising.

For more information, contact Jeff Osterfeld, Penn Station Steak & Sub, 8276 Beechmont Avenue, Cincinnati, OH 45255; 513-474-5957, Fax 474-7116.

El Pollo Loco, Inc. trades as El Pollo Loco at 318 locations in CA and NV. The Mexican fast food restaurants occupy spaces of 2,250 sq.ft. in freestanding facilities and outparcels of regional malls and power centers. Growth opportunities are sought in CA.

For more information, contact Jim Travis, El Pollo Loco, Inc., 3355 Michaelson Drive, Suite 350, Irvine, CA 92715; 714-251-5000, Fax 251-5310.

Peter Piper Pizza & Playland operates 125 locations in AZ, CA, CO, NM, NV and TX. The restaurants, which serve pizza and offer a family fun center, occupy spaces of 8,500 sq.ft. to 10,000 sq.ft. in freestanding facilities and strip centers. Plans call for 30 openings in the coming 18 months. Expansion will take place in the existing markets.

For more information, contact Don Gordon, Peter Piper Pizza & Playland, 2036 East Camelback Road, Phoenix, AZ 85016-4724; 602-995-1975.

Archibald Candy Corp. trades as Fanny Farmer Candies and Fannie May at 350 locations (125 Fanny Farmer and 225 Fannie May) in FL, IA, IL, IN, ME, MA, MI, MN, MO, ND, NH, OH, RI, SD, TN, VA and WI. The restaurants, serving ice cream and candy, occupy spaces of 500 sq.ft. to 1,200 sq.ft. in freestanding facilities, regional malls, power and strip centers. Plans call for as many as 10 Fanny Farmer openings and as many as 20 Fannie May openings in the coming 18 months. Expansion will take place in IL and IN.

For more information, contact Rich Peritz, Archibald Candy Corp., 1137 West Jackson Boulevard, Chicago, IL 60607; 312-243-2700, Fax 243-5053.

Red Hot & Blue, Inc. trades as Red Hot & Blue Memphis Bar-B-Que at 22 locations in KY, MD, MS, NC, NJ, TX, VA and Amsterdam, Holland. The restaurants, serving barbecue foods, occupy spaces of 4,000 sq.ft. to 6,000 sq.ft. in freestanding facilities and strip centers. Plans call for as many as 10 openings in the coming 18 months. Expansion will take place nationwide.

For more information, contact Bob Freidman, Red Hot & Blue, Inc., 1600 Wilson Boulevard, Suite 704, Arlington, VA 22209; 703-276-8833, Fax 528-4789.

Mrs. Winner's Chicken And Biscuit operates 137 locations in AL, GA and TN. The fast food restaurants, specializing in chicken, occupy spaces of 2,000 sq.ft. to 3,000 sq.ft. in freestanding facilities. Growth opportunities are sought in the existing markets.

For more information, contact Joe Gondolfo, Mrs. Winner's Chicken And Biscuit, 5995 Barfield Road, Atlanta, GA 30328; 404-256-4900, Fax 847-0183.

Lead Sheet

Eblens, Inc.

Matt Halprin

c/o New England Retail Leasing Co.

1160 Silas Dean Highway

Weathersfield, CT 06109

203-529-9000, Fax 563-9667

Apparel

The 12-unit chain operates locations in CT, MA and RI. The stores, selling young men's and junior's casual clothes and shoes, occupy spaces of 8,000 sq.ft. to 15,000 sq.ft. in freestanding facilities and strip centers. Plans call for the opening of four units within the coming 18 months. Expansion will take place within the existing markets or NH, NY or VT. Leases running five years are typical.

Claire's Stores

dba Claire's Boutique,

Topkapi, Dara Michelle

Dominic Portanova

3 SW 129th Avenue

Pembroke Pine, FL 33027

305-433-3900, Fax 433-3999

Accessories

The 1,203-unit chain operates locations throughout North America, Puerto Rico, Virgin Islands, United Kingdom and Japan. The stores, selling women's accessories, occupy spaces of 850 sq.ft. to 1,000 sq.ft. in regional malls and specialty centers. Plans call for 130 openings annually. Expansion will take place nationwide, throughout Europe and in Japan.

Tandy

dba Computer City

Mark Newman

8235 Douglas/ Suite 950

Dallas, TX 75225

214-360-1700, Fax 360-1717

Computers

The 101-unit chain operates locations nationwide. The stores, selling computers and related products, occupy spaces of 21,000 sq.ft. in freestanding facilities and power centers. Preferred co-tenants include bookstores and high-end retailers. Plans call for as many as 24 openings in the coming 18 months. Expansion will take place nationwide.

A&W One Stop, Inc.

dba One Stop Food Stores

Robert Arey

1906 East Dixon Boulevard

Shelby, NC 28152

704-482-1446, Fax 481-0645

Convenience Store

The 14-unit chain operates locations in NC and SC. The convenience stores, which also sell gasoline, occupy spaces of 800 sq.ft. to 2,500 sq.ft. in freestanding facilities. Growth opportunities are sought in the existing markets.

Sav-Way Food Stores

Cecil Little

5812 C Highpoint Road

Greensboro, NC 27407

910-852-6016, Fax 852-8710

Convenience Store

The six-unit chain operates locations in NC. The convenience stores, which also sell gasoline, occupy spaces of 2,576 sq.ft. in freestanding facilities and strip centers. Growth opportunities are sought in the existing market.

Elizabeth Grady Face First

John Walsh

200 Boston Avenue

Medford, MA 02155

800-322-4257, Fax 617-391-4772

Cosmetics

The 30-unit chain operates locations in CT, MA, NH, NY and RI. The stores, selling skin care products, occupy spaces of 1,000 sq.ft. to 1,500 sq.ft. in strip centers. Plans call for 10 openings in the coming 18 months. Expansion will take place in the existing markets.

Concord Custom Cleaners

Marty Chalfant

PO Box 1000

Richmond, KY 40476

606-623-2550, Fax 624-9185

Dry Cleaners

The 150-unit chain operates locations in AL, FL, IL, IN, IA, KY, MO, OH and TN. The dry cleaning units occupy spaces of 2,000 sq.ft. to 3,000 sq.ft. in freestanding facilities, specialty and strip centers. Growth opportunities are sought in the existing markets.

American Multi-Cinema

dba AMC

Chuck Stilley

PO Box 419615

Kansas City, KS 64140-6615

Entertainment

The 240-unit chain operates locations nationwide. The movie theaters occupy spaces of 30,000 sq.ft. to 60,000 sq.ft. in freestanding facilities, regional malls and strip centers. Plans call for 20 openings in the coming 18 months. Expansion will take place nationwide.

Movieplex, Inc.

Gerald Couture/Kipp Mullen

165 Woodstock Avenue

Rutland, VT 05702

802-775-4915, Fax 775-6943

Entertainment

The five-unit chain operates locations in NY and VT. The movie theaters occupy spaces of at least 18,500 sq.ft. in power and strip centers. Plans call for two openings in the coming 18 months. Expansion will take place in NY. Preferred demographics include a population of 40,000 within five miles. Leases running 10 years, with four options of five years each, are typical.

Ocean State Jobbers, Inc.

dba Ocean State Jobbers,

East Coast Marketplace

John Conforti

360 Callahan Road

North Kingstown, RI 02852

401-884-0556, Fax 885-0359

General Mechandise

The 31-unit chain operates locations in CT, MA and RI. The stores, selling hardware, housewares and health and beauty aids, occupy spaces of 20,000 sq.ft. in regional malls, outlet, power and strip centers. Growth opportunities are sought in the existing markets.

Ostrow Textile Co., Inc.

dba Plej's Textile Mill Outlet

Steve Ellington

923 Standard Street

Rock Hill, SC 29730

803-324-4284, Fax 324-7942

General Merchandise

The 33-unit chain operates locations in GA, NC and SC. The stores, selling domestics, towels, curtains and bath items, occupy spaces of 6,000 sq.ft. to 6,400 sq.ft. in power and strip centers. Growth opportunities are sought in the existing markets. Leases running three to five years are typical.

Accent Chicago, Inc.

dba Accent Chicago

Jim Kline

2300 Main Street

Evanston, IL 60202-1546

847-869-3700, Fax 869-4689

Gifts

The six-unit chain operates locations in IL. The stores, selling gifts and souvenirs, occupy spaces of 1,000 sq.ft. to 2,000 sq.ft. in downtown store fronts and regional malls. Growth opportunities are sought in the existing market. Leases running 10 years are typical.

Pilgrim Silks

dba J.T. Webb

John Higgins

PO Box 191

Birch Run, MI 48415

517-624-5858

Gifts

The two-unit chain operates locations in MI. The stores, selling teddy bears and collective figurines, occupy spaces of 1,800 sq.ft. to 2,500 sq.ft. in outlet centers. Plans call for as many as two openings in the coming 18 months. Expansion will take place in SC.

Christian Bernard Stores Corp.

dba Christian Bernard

Steve Edwards

200 Meadowlands Parkway

Secaucus, NJ 07094

201-330-1007, Fax 330-0661

Jewelry

The 16-unit chain operates locations in CA, FL, IL, NJ, PA, VA and Washington, D.C. The jewelry stores occupy spaces of 800 sq.ft. to 1,200 sq.ft. in regional malls. Plans call for as many as three openings in the coming 18 months. Expansion will take place in GA, MA and NY.

Guitar Center

Bob Hommel

150 East Paulrino Avenue #193

Costa Mesa, CA 92626

714-432-7300, Fax 432-7904

Music

The 26-unit chain operates locations in CA, IL, MA, MI and TX. The stores, selling musical instruments and accessories, occupy spaces of 12,000 sq.ft. to 15,000 sq.ft. in freestanding facilities. Plans call for as many as 12 openings in the coming 18 months. Expansion will take place nationwide.

Eye Care Centers of America, Inc.

dba Eye Master, Binyon's

Joe Keogh

11103 West Avenue/ Suite 111

San Antonio, TX 78213

210-340-3531, Fax 340-0123

Optical

The 150-unit chain operates locations nationwide. The stores, selling optical merchandise, occupy spaces of 3,500 sq.ft. in regional malls and strip centers. Plans call for as many as 15 openings in the coming 18 months. Expansion will take place nationwide.

The Big Party Corporation

dba The Big Party!

David Snooker

c/o The Dartmouth Co.

1457 VFW Parkway

West Roxbury, MA 02132

617-323-0822, Fax 323-5073

Party Supplies

The 13-unit chain operates locations in CT, MA and RI. The party supply stores occupy spaces of 8,000 sq.ft. to 10,000 sq.ft. in freestanding facilities, power centers and strip centers. Preferred anchors include Target, Toys 'R Us, Bed Bath & Beyond and T.J. Maxx. Plans calls for as many as 40 openings in the coming 18 months. Expansion will take place in NY, NH and PA. Preferred demographics include a population of 200,000 within five miles earning $50,000 as the average income. Leases running 10 years, with two options of five years each, are typical.

Cheshire Pet Supply, Inc.

dba Cheshire Pet Supply

Jim Rambo

1929 Mountain Industrial Boulevard

Tucker, GA 30084

770-934-7632, Fax 723-1741

Pet Store

The four-unit chain operates locations in GA. The pet stores occupy spaces of 5,600 sq.ft. in freestanding facilities and strip centers. Growth opportunities are sought in the existing market.

Henry Modell & Co., Inc.

dba Modell's Sporting Goods

Aaron Fleishaker

498 Seventh Avenue, 20th Floor

New York, NY 10018-6701

212-822-1000, Fax 822-1090

Sporting Goods

The 53-unit chain operates locations in NJ, NY and PA. The sporting goods stores occupy spaces of 15,000 sq.ft. to 20,000 sq.ft. in power and strip centers. Growth opportunities are sought in the existing markets.

Laux Sporting Goods, Inc.

dba Laux Sporting Goods

Jim Laux

25 Pinewood Drive

Amherst, NY 14228

716-691-3367, Fax 691-4393

Sporting Goods

The five-unit chain operates locations in NY. The sporting goods stores occupy spaces of 3,300 sq.ft. in regional malls. Growth opportunities are sought in the existing market.

Thomas-Walker-Lacey, Inc.

dba T-W-L Stores

Kerry Smith

PO Box 1625

Canton, MS 39046

601-774-5160 Fax 774-5160

Variety

The 33-unit chain operates locations in AL, LA and MS. The variety stores, selling apparel and general merchandise, occupy spaces of 7,000 sq.ft. in downtown store fronts and strip centers. Preferred anchors include Wal*Mart. Plans call for five openings in the coming 18 months. Expansion will take place in the existing markets. Preferred demographics include a population of 5,000 within five miles earning $20,000 as the average income. Leases running three years are typical and the company prefers a white box.

Ram Entertainment

dba Video Choice

Rock Moon

539 Laconia Road

Tilton, NH 03276

603-524-5684, Fax 527-0620

Video

The five-unit chain operates locations in NH. The video stores occupy spaces of 3,500 sq.ft. in freestanding facilities and strip centers. Plans call for two openings in the coming 18 months. Expansion will take place in the existing market.

Buyers & Sellers of Commercial Properties

McDaniel & Company has the listing to sell eight former convenience stores located along major highways in SC.

For more information, contact H. Winston Hines at (864-576-4660), Fax (587-7246).

H. Stephen Kirshcner, Inc. represents a developer who is seeking end buyers for two East Coast power centers anchored by Target and other national credit tenants. This developer also has agreements with Walgreens, Lowes and Bally's to build retail stores and facilities on an ongoing basis for end buyers to purchase. The company also represents a client seeking a 50% equity partner to finish construction of a 1.2 million sq.ft. regional mall on the East Coast. The site has five department store signed leases. A 10%+ cap is preferred. The company also has the listing to sell a 300,000 sq.ft. power center located in the South Central region. The site is anchored by national credit tenants and is located adjacent to a regional malls. The asking price is close to a 10% cap. The company represents a private investment trust seeking portfolios of shopping centers in "A" grade locations. Preferred properties have a capitalization rate of at least 10% and have quality anchor credit tenants.

For more information, contact H. Stephen Kirschner at (516-462-2200).

Capital Commercial Real Estate represents Mobil Corporation which is seeking sites throughout AZ and CA.

For more information, contact Brad Pearl or Steve Weiss at (818-905-2400).

J.J. Gumberg Co. recently acquired Clearview Mall in Butler, PA from Metropolitan Life Insurance Co. The 500,000 sq.ft. project is anchored by J.C. Penney, Sears, Bon Ton and Hills Department Store.

For more information, contact J.J. Gumberg Co. at (412-244-4000).

First Washington Realty Trust recently acquired Southside Marketplace in Baltimore, MD. The 125,000 sq.ft. project is anchored by Metro Foods Supermarket, Rite Aid Pharmacy, Goodyear Tire & Auto, Blockbuster Video and Radio Shack.

For more information, contact First Washington Realty Trust at (301-907-7800).

Rothschild Realty, Inc. and its affiliate Charter Oak Partners recently acquired Rehoboth Outlet Center in Rehoboth Beach, DE from Fisher Development Company. The 187,590 sq.ft. project is anchored by the first L.L. Bean store outside of New England, Liz Claiborne, Polo/Ralph Lauren and Ann Taylor.

For more information, contact Shelley Gravino at (703-905-4400).

Grubb & Ellis brokered the sale of Palisades Highlands Plaza in Pacific Palisades, CA. The 25,040 sq.ft. project is tenanted by Cafe Misto, Collar & Lease and United Studios of Self Defense. The site was purchased by a private investor from Confederation Life for $2.85 million.

For more information, contact David Lachoff, Joanne Williams or Tam Antebi at (714-937-0881).

Madison Realty Group, Inc. recently acquired Wilson Square Shopping Center in Jacksonville, FL. The 60,940 sq.ft. project is anchored by Food Lion. The company is also in the market to acquire retail centers located in all states east of the Mississippi River. Preferred properties should be in the $2 million to $10 million price range and have a regional or national credited anchor tenant.

For more information, contact Sean M. Barnes at (412-281-1880), Fax (281-5772).

Store Closings

Woolworth Corporation (212-553-2000) plans to close its 109-unit Accessory Lady chain by the end of September. The company, which is disposing its underperforming businesses, plans to convert a majority of the units to other chains operated by the company.

Borders, Inc. (313-913-1323) plans to close two 20,000 sq.ft. Planet Music stores in Houston, TX. A portion of each store will be occupied by Borders Books and Music stores, which are located adjacent to the stores.

Tandy Corp. (817-390-3011) recently closed a 185,000 sq.ft. Incredible Universe store located near Potomac Mills Mall in Dale City, VA. The company also closed an Incredible Universe store in Charlotte, NC. Both stores had opened during October and November, respectively, of last year. The stores were closed because their sales did not meet expectations.

Space Place

Alabama

Guntersville- A 9,360 sq.ft. space is available for lease at a shopping centers anchored by Brunos and Big Lots.

For details, contact Lee Barren of Gateway Commercial at (205-355-0721), Fax (350-9100).

California

Hanford- Centennial Plaza Shopping Center is anchored by Wal*Mart, Food 4 Less, Pep Boys and Fashion Bug. The 260,680 sq.ft. project has a 16,000 sq.ft. space available for lease. The site is located at the corner of 12th Avenue and Lacey Boulevard which generate a combined daily traffic count of 35,000 vehicles. Demographics include a trade area population of 303,121. The site is located across from Hanford Regional Mall which is anchored by Gottschalks, Sears, Mervyn's, J.C. Penney, Cinema 6 and Applebee's Grill & Bar.

For details, contact Mark Henry or Gerald Cross of Charles Tingey Associates at (209-221-1271).

Illinois

Melrose Park- A 94,500 sq.ft. space and a one acre outlot are available for lease at Melrose Park Center. The site is located at the intersection of North Avenue and 9th Street which generate a combined daily traffic count of 56,500 vehicles. Demographics include a five-mile population of 535,002 earning $51,635 as the average household income. Retailers located in the area include Best Buy, Marshall's, Service Merchandise, OfficeMax and Builder's Square.

For details, contact David D. Darling of Malan Realty Investors, Inc. at (810-644-7110), Fax (644-7880).

Maryland

College Park- Campus Village Shopping Center, a 26,000 sq.ft. strip service center and food court, has spaces of 1,630 sq.ft., 1,660 sq.ft. and 1,665 sq.ft. available for lease. The site fronts Baltimore Avenue which generates a daily traffic count of 43,125 vehicles. The site is located across from the University of Maryland.

For details, contact Jeffrey Goodman of Hicks & Rotner Retail, Inc. at (301-656-3030), Fax (656-6222).

New Jersey

Allendale- Allendale Shopping Plaza is anchored by A&P, Dress Barn, GNC, Blimpie and McDonald's. The 80,000 sq.ft. project has spaces from 2,889 sq.ft. to 3,600 sq.ft. available for lease. Demographics include a population of 175,000 within five miles earning $100,000 as an annual income. In Fairfield- Drug Fair Shopping Center is anchored by Drug Fair, Electrolux, Mailboxes, Etc. and Blimpie. The 40,000 sq.ft. project has a 1,300 sq.ft. space available for lease. Demographics include a five-mile population of 160,000 earning $70,000 as an annual income. In Oak Ridge- Milton Shopping Center is anchored by A&P. The 58,000 sq.ft. project has a 2,500 sq.ft. space available for lease. In Ringwood- Fieldstone Park Shopping Center is anchored by Grand Union, Dunkin' Donuts, Mailboxes, Etc., Dairy Queen and a Post Office. The 90,000 sq.ft. project has spaces from 1,200 sq.ft. to 2,880 sq.ft. available for lease.

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

Emerson- Emerson Plaza has a 2,100 sq.ft. space available for lease. The new strip center is located directly across from a project anchored by Marshalls, Rickels, Harmon Drug and Boston Market.

For details, contact David Atkind of Atkind Realty at (201-523-2002), Fax (523-6006).

North Carolina

Greensboro- Brassfield Shopping Center is anchored by Phar-Mor, Michaels, Stein Mart and Cinemark. The 200,000 sq.ft. project has spaces available for lease. Demographics include a five-mile population of 108,413 earning $60,062 as the average household income. Also in Greensboro- Friendly Shopping Center is anchored by Belk, Hecht's, Sears and Harris Teeter. The 750,000 sq.ft. project has spaces available for lease. Demographics include a five-mile population of 76,043 earning $60,244 as the average household income.

For details, contact the Starmount Company at (919-299-2800).

Supermarkets Shopping for Sites Nationwide

Byrd Food Stores, Inc. operates 43 locations in NC and VA. The supermarkets occupy spaces of 20,930 sq.ft. in strip centers. Preferred anchors include Wal*Mart. Plans call for two openings in the coming 18 months. Expansion will take place in NC.

For more information, contact Mack Smith, Byrd Food Stores, Inc., 1232 Chapel Hill Road, Burlington, NC 27215; 910-227-1411, Fax 570-1257.

Erickson Diversified Corp. trades as More 4 at 16 locations in MN and WI. The supermarkets, which also have pharmacies, occupy spaces of 35,000 sq.ft. to 60,000 sq.ft. in freestanding facilities. Preferred anchors include Target and Wal*Mart. Plans call for two openings in the coming 18 months. Expansion will take place in the existing markets. Leases running 10 to 20 years are typical.

For more information, contact Doug Driscoll, Erickson Diversified Corp., 509 1/2 Second Street, Hudson, WI 54016; 715-386-9315, Fax 386-1013.

L&L Services, Inc. does business as Foodland and ShopRite Supermarkets at 20 locations in AL and TN. The supermarkets occupy spaces of 29,240 sq.ft. in freestanding facilities. Preferred anchors include Kmart and Wal*Mart. Plans call for two openings in the coming 18 months. Expansion will take place in AL. Leases running 10 to 20 years are typical.

For more information, contact Bob Love, L&L Services, Inc., 500 North Montgomery Avenue, Sheffield, AL 35660; 205-383-6940, Fax 381-4461.

Quality Markets operates 45 locations in NY and PA. The supermarkets occupy spaces of 35,000 sq.ft. to 45,000 sq.ft. in freestanding facilities and strip centers. Preferred anchors include Kmart and Wal*Mart. Plans call for the opening of four units in the coming 18 months. Expansion will take place in NY. Preferred demographics include a population of 50,000 within 10 miles earning $27,000 as the average income. Leases running 20 years with three options of five years each are typical and the company prefers a vanilla shell.

For more information, William Watson, Quality Markets, 101 Jackson Avenue, Jamestown, NY 14702; 716-664-6010, Fax 664-4096.

Town & Country Supermarkets, Inc. operates 44 locations in AR, KY, MO and TN. The supermarkets occupy spaces of at least 21,000 sq.ft. in freestanding facilities. Plans call for three openings in the coming 18 months. Expansion will take place within the existing markets. Preferred demographics include a population of 20,000 within 15 miles earning $30,000 as the average income. The company, which owns 90% of its locations, cites Wal*Mart Supercenters as competition.

For more information, contact Wayne Gott, Town & Country Supermarkets, Inc., Highway 32-72 East, Salem, MO 65560; 314-729-3455, Fax 729-5821.

K.V. Mart Co. trades as Top Value Markets and Valu Plus Food Warehouse at 14 locations in CA. The supermarkets occupy spaces of 21,666 sq.ft. to 35,000 sq.ft. in strip centers. Plans call for five openings in the coming 18 months. Expansion will take place in the existing market. The company, which caters to a Spanish clientele in the middle income bracket, typically signs leases running 20 years and prefers a vanilla shell.

For more information, contact Bijan Kharrazi, K.V. Mart Co., 1245 East Watson Center Road, Carson, CA 90745; 310-816-0200, Fax 816-0201.

The Copps Corp. operates 17 locations in WI. The supermarkets occupy spaces of 30,500 sq.ft. in freestanding facilities. Preferred anchors include department stores. Plans call for one opening in the coming 18 months. Expansion will take place in the existing market.

For more information, contact John Weckerly, The Copps Corp., 2828 Wayne Street, Stevens Point, WI 54481; 715-344-5900, Fax 344-7378.

The Great Atlantic and Pacific Tea Company, Inc. trades as A&P, Waldbaums, Food Emporium, Super Fresh, Foodmart, Farmer Jack and Kohl's at 1,000 locations in CT, NJ, NY, PA, MI, WI, GA, LA, VA, MD, DE, NH and MA. The supermarkets occupy spaces of 40,000 sq.ft. to 65,000 sq.ft. in strip centers. Plans call for 40 openings in the coming 18 months. Expansion will take place in the existing markets. Leases running 20 years are typical and the company prefers turn-key properties. If you are wondering about the Kohl tradename, here is the scoop. Several years ago, A&P purchased the Kohl supermarket chain from Kohl Brothers, the same Kohl Brothers that operate the Kohl Department Stores.

For more information, contact Brian Pall, The Great Atlantic and Pacific Tea Company, Inc., 2 Paragon Drive, Montvale, NJ 07645; 201-930-8442, Fax 930-8142.

Financial News...

The Limited, Inc. (614-479-7070) reported that its first quarter net sales increased 13% to $1.788 billion from $1.588 billion last year. Operating income increased five percent to $53.8 million from $51.2 million and net income increased 39% to $28.2 million from $20.3 million. The company operates 4,016 specialty stores trading as Limited Stores, Limited Too, Express, Lerner New York, Lane Bryant, Henri Bendel, Structure, Abercrombie & Fitch and Gaylan's. The company also owns 83% of Intimate Brands, Inc. which operates 1,336 stores trading as Victoria's Secret Stores, Bath & Body Works, Cacique and Penhaligon's.

PetsMart, Inc. (602-944-7070) reported that its first quarter net sales were $310.2 million, a 23% increase over last year's results of $251.6 million. First quarter net income was $900,000, compared to a first quarter net loss of $2 million last year. Comparable store sales increased 12.1%. During the quarter, the company opened 23 stores and currently operates 288 stores in 33 states.

Kmart Corporation (810-643-1000) reported a first quarter net loss from continuing operations of $38 million, compared to a net loss from continuing operations of $109 million last year. Total sales were $7.58 billion, up 1.8% from last year's results of $7.443 billion. Comparable store sales increased 4.5% during the quarter. The company currently operates 2,159 Kmart stores, 167 Builders Square stores and 134 international units.

Garden Ridge Corporation (713-772-6262) reported that its first quarter net sales were $39.22 million, a 47% increase over net sales of $26.597 million reported during the first quarter last year. Comparable store sales were even because many of the company's stores were closed the first week of February due to inclement weather. Excluding that week, comparable store sales increased two percent. During the quarter, the company opened two stores and currently operates 15 stores in FL, KY, NC, OK, TN and TX. Three additional openings are planned for the balance of this year.

The Cato Corporation (704-554-8510) reported that its net income for the first quarter increased three percent to $7.721 million, up from $7.498 million during the first quarter last year. Total revenues for the quarter were $123.5 million, a five percent increase over last year's results of $117.8 million. During the quarter, the company opened 11 stores and currently operates 682 units in 22 states trading as Cato Fashion/Cato Plus and It's Fashion!

Borders Group, Inc. (313-913-1323) reported a first quarter net loss of $3.4 million, compared to a net loss of $5.6 million during the first quarter last year. Consolidated sales for the quarter were $404 million, a 14.3% increase over last year's results of $353.6 million. Sales in the Borders Superstore division increased 49.6% to $196.9 million compared to $131.6 million last year, and sales in the Waldenbooks Division fell 6.5% to $200.2 million from $214.2 million last year. Comparable store sales increased 8.2% in the superstores division and fell 1.5% in the Waldenbooks division. During the quarter, the company opened eight superstores and one Waldenbooks location. The company closed 17 Waldenbook units and ended the quarter with 124 superstores and 976 Waldenbook units.

Kohl's Corporation (414-783-5800) reported that its first quarter sales increased 27.2% to $468.6 million from $368.4 million during the same period last year. Net income for the quarter was $13.8 million, a 16.7% increase over last year's results of $11.8 million. Comparable store sales increased 9.6%. During the quarter, the company opened eight stores and is looking to open 14 more the balance of this year and as many as 30 units during 1997. The company currently operates 136 department stores.

J. Baker, Inc. (617-828-9300) announced that it has agreed to call off the sale of its Shoe Corporation of America division to a group formed by division management and Bain Capital. The two had reached a tentative agreement in April, but J. Baker, Inc. called off the agreement offering no explanation except that the company plans to "continue its efforts to sell the SCOA division on terms satisfactory to J. Baker." SCOA operates 491 licensed shoe departments in specialty and department stores.

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