Issue 23 for the week of July 10, 1996

The Dealmakers Issue Number 23 for the week of July 10, 1996.

Apparel Tenants Seeking Sites

Danskin, Inc. trades as Danskin Factory Outlet at 47 locations nationwide. The stores, selling Danskin and Dance France bodywear, tights, sportswear and hosiery for girls and women, occupy spaces of 8,500 sq.ft. to 15,000 sq.ft. in outlet centers. Growth opportunities are sought nationwide.

For more information, contact William Almon, Danskin, Inc., PO Box 15016, York, PA 17405; 717-846-4874, Fax 840-5854.

Beall's, Inc. trades as Coral Bay Direct at three locations in FL and GA. The stores, selling private label missy sportswear at off-price points, occupy spaces of 3,000 sq.ft. to 6,000 sq.ft. in outlet centers. Plans call for two openings during 1997. Expansion will take place in FL.

The company also trades as Bealls Outlets at 110 locations in AZ, FL and GA. The stores, selling branded apparel, gifts and domestics at up to 70% off department store prices, occupy spaces of 8,000 sq.ft. to 25,000 sq.ft. in regional malls and strip centers. Preferred anchors include supermarkets. Plans call for five openings during 1997. Expansion will take place within the existing markets as well as in NV.

For more information on the above two companies, contact Seth Layton, Beall's, Inc., 1806 38th Avenue East, Bradenton, FL 34208; 941-747-2355, Ext. 330, Fax 747-5741.

Kid's Sportworld operates four locations in MO. The stores, selling apparel and footwear for all types of sporting activities for children ages toddlers through young teens, occupy spaces of 2,800 sq.ft. in strip centers. Plans call for as many as five openings in the coming 18 months. Expansion will take place in the existing market.

For more information, contact David Hill, Kid's Sportworld, 1762 Clarkson Road, Chesterfield, MO 63017; 314-530-1300, Fax 530-1210.

Georgia Girl Fashions, Inc. trades as Georgia Girl Fashions at 12 locations in GA. The stores, selling a full-line of career apparel for women at off-price points, occupy spaces of 2,500 sq.ft. to 3,000 sq.ft. in regional malls and strip centers. Growth opportunities are sought in the existing markets.

For more information, contact Bernie Kishton, Georgia Girl Fashions, Inc., 1665 Lakes Parkway, Suite 110, Lawrenceville, GA 30243; 770-963-1700, Fax 995-7226.

Chuck Roast, Inc. trades as Chuck Roast Factory Outlet at three locations in ME and NH. The stores, selling outerwear, activewear and soft luggage for both children and adults, occupy spaces of 2,000 sq.ft. in outlet centers. Plans call for one opening in the coming 18 months. Expansion will take place in NY.

For more information, contact Chuck Henderson, Chuck Roast, Inc., PO Box 2080, Conway, NH 03818; 603-447-5492, Fax 447-2277.

Who's Opening and Where...

Manhattan Bagel Company, Inc. (908-544-0155), through its Canadian franchisee Comac Food Group, recently opened a 2,000 sq.ft. unit in Calgary, Alberta. Seven more units are planned in western Canada this summer.

Egghead Software (509-891-4892), which has already opened 20 of its new format stores, is planning to open an additional five by the end of this year.

Electronics Boutique (610-430-8100) recently opened stores in BunDang and Seoul, South Korea. The company is also planning to open 30 mall-based stores and a third Stop-n-Save Software unit this year.

Applebee's (913-967-4000) plans to open a 7,259 sq.ft. Rio Bravo Cantina restaurant in Wichita, KS through franchisee Heartland Rio.

CompUSA, Inc. (214-982-4000) recently opened a 27,800 sq.ft. store at Marshall's Montclair Promenade Shopping Center in Montclair, CA and a 28,700 sq.ft. store at Country Club Corner Shopping Center in Oklahoma City, OK. The company plans to open a 26,100 sq.ft. store adjacent to Riverchase Galleria Mall in Birmingham, AL during late 1996.

Restaurant Management Services (813-977-2977) recently signed an agreement with Seed Restaurant Group to build fourteen Fazoli's Italian Restaurants in Augusta and Macon, GA and Tampa, FL within the next three years.

Barnes & Noble, Inc. (212-633-3300) plans to open a 25,000 sq.ft. bookstore in Jackson, MS during Spring 1997; a 24,000 sq.ft. store at Suburban Plaza Shopping Center in Knoxville, TN during Spring 1997 and a 35,000 sq.ft. store at Metro Pointe Boradwalk at South Coast in Costa Mesa, CA during the Fall.

Shaw Industries, Inc. (706-278-3812), the world's largest maker of carpets, recently opened its first retail store, dba Shaw Carpet Showplace, in Butler, PA. The company is also planning to open stores in West Mifflin, Robinson, Greensburg, Wilkins, New Castle and Pittsburgh, PA as part of its overall plan to open as many as 300 stores nationwide within the coming year. Last month, the company reached an agreement to buy New York Carpet World, Inc. which operates 200 carpet stores.

Luby's Cafeterias, Inc. (210-654-9000) recently opened a 7,700 sq.ft. unit in Kerrville, TX. The restaurant, which is 2,000 sq.ft. smaller than traditional Luby's units will be used as a prototype for the company's future expansion into small markets and downtown areas.

Home Depot (404-433-8211) plans to open 29 stores in the Northeast, 25 stores in the Southeast, 17 stores in the Midwest, 14 stores in the West and five stores in Canada this year.

84 Lumber (412-228-8820) plans to open 30 home improvement stores in KY, MD, NJ, NY, OH, PA, TN, VA and WV this year.

Gymboree (415-579-0600) is planning to open 65 stores this year.

Tuesday Morning (214-387-3562) plans to open as many as 30 stores this year.

Pier 1 Imports (817-878-8000) is planning to open as many as 55 stores per year for the next five years.

Cooker Restaurant Corp. (407-615-6000) is planning to open five restaurants this year and as many as 13 during 1997. Areas slated for new restaurants include Atlanta, GA; Detroit, MI; Nashville, TN and Dayton and Youngstown, OH.

Borders, Inc. (313-913-1323) plans to open a 27,500 sq.ft. Borders Books Music & Cafe store at Ravinia Plaza Shopping Center in Orland Park, IL during the Fall; a 30,000 sq.ft. store at Los Altos MarketCenter in Long Beach, CA during Fall; a 26,000 sq.ft. store at Meadowbrook Village in York, PA during Fall; and a 27,383 sq.ft. store at Rice Lake Square at Danada in Wheaton, IL during Fall. The company recently opened a bookstore in Tukwila, WA.

Rite Aid (717-975-5800) plans to open a 9,600 sq.ft. drug store with a drive-up window in Rock Hill, SC during November.

Circuit City Stores, Inc. (804-527-4000) is looking to open a CarMax store in Hampton Roads, VA. As part of its expansion plan, the company plans to open CarMax units in Orlando and Tampa, FL this year and in Miami, FL and Dallas/Fort Worth, TX next year. The company is also seeking sites in Atlanta, GA; Washington, D.C./Baltimore, MD; Chicago, IL; Tidewater, VA; Los Angeles, CA; Phoenix, AZ and San Francisco, CA. By 2001 the company is looking to operate as many as 90 superstores in 45 of the nation's top 50 advertising markets.

Garden Fresh Restaurant Corp. (619-675-1600) recently opened restaurants in Plantation, FL and Tucson and Phoenix, AZ. The company is looking to open three more units this year and eight restaurants during 1997. The company currently operates 39 salad buffet restaurants in AZ, CA and FL trading as Souplantation and Sweet Tomatoes.

Wal*Mart Stores, Inc. (501-273-4000) recently opened a 200,000 sq.ft. Supercenter in Colorado Springs, CO and is planning to open a second Supercenter in Colorado Springs during August.

Lava Enterprises, Inc. (619-477-5007) plans to open as many as 30 temporary Candle Boutique stores nationwide this year. The stores, which sell candles, aroma therapy products and home accessory products, will operate from November 1 through December 31.

Hobby Lobby Stores, Inc. (405-681-5997) is planning to relocate two of its three Colorado Springs, CO stores to former Wal*Mart store locations. The Wal*Marts recently relocated to Supercenters in the area.

Lease Signings

Mortbitzer Group, Inc. (407-539-1000) leased 1,500 sq.ft. to Weight Watchers at Lancaster Square in Orlando, FL.

Heitman Retail Properties (312-855-5700) leased space to Spencer Gifts, Starbuck's and Vitamin Center at Arden Fair Mall in Sacramento, CA; space to The Diamond Center at Bayfair Mall in San Leandro, CA; space to Brookstone, Kinney and Lundstrom Jewelers at Coronado Center in Albuquerque, NM; space to Friedman's Jewelers and Nails Express at Danville Manor in Danville, KY; space to Auntie's Anne's Pretzels, The Buckle, Claire's, Jamestown Design Ltd. and MasterCuts at Genesee Valley Shopping Center in Flint, MI; space to FootAction, Garden Botanika, La Nails, LensCrafters, The Mole Hole, Simply Sports and Waldenbooks/WaldenKids Superstore at Honey Creek Mall in Terre Haute, IN; space to America The Beautiful Dreamer and Spencer Gifts at Lloyd Center in Portland, OR; space to GNC and World of Science at McKinley Mall in Buffalo, NY; space to The Whitehall Co. Jewelers at Montgomery Mall in Montgomery, AL; space to Arrowsmith Shoes and New Attitudes at North Riverside Park Mall in North Riverside, IL; space to Williams-Sonoma at Oak View Mall in Omaha, NE; space to Barnett Bank, Jeepers Peepers and Toys By Nature at Sarasota Square in Sarasota, FL; space to Barnett Bank, Garden Botanika, Home Cinema and Sound, The Icing, Jeepers Peepers and Suntime at University Mall in Tampa, FL; space to Friedman's Jewelers at Towne Square Mall in Owensboro, KY; space to Subway at Vallco Fashion Park in Cupertino, CA; and space to Carlton Cards and Gifts and Pretzel Time/Bagel Bash at York Galleria in York, PA.

CB Commercial Real Estate Group (847-948-5510) leased 29,000 sq.ft. to Universal Pool in Merrillvile, IN; 7,500 sq.ft. to Family Dollar at American Plaza in South Chicago Heights, IL; 950 sq.ft. to Ombudsman at Highland Square in Morton Grove, IL; 1,050 sq.ft. to Smart Beep at Bel-Ray Plaza in Chicago, IL; 2,300 sq.ft. to Ameritech Cellular at Ranch Manor in Oak Lawn, IL; 1.75 acres to Applebee's Neighborhood Restaurant in Gurnee, IL; 796 sq.ft. to Pepe's Mexican Restaurant in Chicago, IL; 2,475 sq.ft. to Bath & Body Works at Woodgrove Festival Shopping Center in Woodbridge, IL; 3,000 sq.ft. to Bed Mart at Stratford Square Mall in Bloomingdale, IL; and 3,000 sq.ft. to Ameritech Cellular in Chicago, IL.

Metro Commercial Real Estate, Inc. (609-866-1900) leased 19,500 sq.ft. to Pep Boys in Cinnaminson, NJ.

Capital Realty Advisors, Inc. (407-744-1088) leased 500 sq.ft. to Nails By Anna at Plaza 50 in Carson City, NV; 1,400 sq.ft. to Superior Products Sales, Inc. and 6,860 sq.ft. to Blockbuster Video at Magnolia Place Shopping Center in Daphne, AL; 450 sq.ft. to Academy of Oriental Medicine at The Village Shopping Center in Austin, TX; 1,100 sq.ft. to Kitchen Connection of Leesburg at Southside Shopping Center in Leesburg, FL; 620 sq.ft. to Health Care Recruiters at Sandtree Plaza in Palm Beach Gardens, FL and 1,700 sq.ft. to Palm Beach Training Center at Shops At Palm Coast in West Palm Beach, FL.

Ross Realty Group, Inc. (813-725-2800) leased 8,644 sq.ft. to Hess Fine Arts at 1115 4th Street in St. Petersburg, FL; 4,218 sq.ft. to Baby's World at Bloomingdale Town Center in Riverview, FL; and 780 sq.ft. to USA Nails at Shady Oaks in Tampa, FL.

Breslin Realty Development Corp. (516-741-7400) leased space to Wenco for a Wendy's Restaurant in East Meadow, NY.

The Greenberg Group, Inc. (516-295-0406) leased space to Performance Bicycle Shops at Barracks Road Shopping Center in Charlottesville, VA; Fremont Hub on Fremont, CA; and Sudley Manor Square in Manassas, VA.

Devcon Enterprises, Inc. (860-233-2114) leased 19,500 sq.ft. to Pep Boys at Silver Hill Business Center in Meriden, CT.

In downtown Austin, TX Whole Earth Provision Co. has leased 10,000 sq.ft.; Blockbuster Video has leased 7,000 sq.ft. for a store and 3,000 sq.ft for a district office; Terra Toys and Dragonsnaps has leased 8,000 sq.ft.; Einstein Bros. Bagels has leased 2,000 sq.ft. and Slick Willie's Family Pool Hall has leased 11,400 sq.ft.

Levin Management Corporation (201-755-2401) leased 16,000 sq.ft. to Fit Zone Health Club at Somerset Shopping Center in Bridgewater, NJ; 3,500 sq.ft. to Wendy's at Twin City Shopping Center in Jersey City, NJ; 2,400 sq.ft. to Abruzzi Pizza & Cafe at Capitol Plaza in Ewing, NJ and 1,500 sq.ft. to Jerry's Wok in East Orange, NJ.

Mergers & Acquisitions

Daka International (508-774-9900) recently purchased a 16.7% stake in La Salsa for $5 million. Daka International also has options to acquire an additional 13.3% over the next 18 months. La Salsa operates 57 La Salsa Fresh Mexican Grill restaurants while Daka operates the Fuddruckers chain. The company plans to co-brand La Salsa with Fuddruckers in several CA test sites.

Flagstar (803-597-8190) recently acquired the Coco's, Carrows and JoJo's chains for $306.5 million. Coco's operates 170 restaurants and licenses an additional 240 units in Japan and Korea, Carrows operates 157 restaurants and JoJo's operates 17 restaurants.

Woolworth Corporation (212-553-2000) recently sold, through its subsidiary Retail Company of Germany, its 50% interest in its New Yorker Sud Jeans und Sportswear GmbH division to the co-owner which will now own 100% of the business. New Yorker Sud operates 30 stores in Germany.

Buyers & Sellers of Commercial Properties

CB Commercial Real Estate Group brokered the sale of a 9,602 sq.ft. former Rusty Pelican restuarant in Lombard, IL. The buyer was Ala Carte Entertainment, Inc. who plans to open a Magnum Steak & Lobster restuarant during late Summer.

For more information, contact CB Commercial Real Estate Group at (708-706-4930).

Palmer & Cay Properties, Inc. is in the market to acquire shopping centers having GLAs from 75,000 sq.ft. and anchored by supermarkets or drug stores; power centers anchored by national tenants and discount stores; single NNN properties and NNN restuarant properties.

For more information, contact Charles Stewart at (912-234-8033), Fax (232-0157).

First Union Real Estate Investments plans to acquire a portfolio of nine regional malls totaling six million sq.ft. from Marathon U.S. Realties, Inc. for $316 million. First Union anticipates its equity investment will not exceed $50 million and intends to acquire the properties with a joint venture partner. The properties are located in the Southwestern region and are generating in-line store sales of approximately $250 psf and are 94% occupied. Anchor tenants include Dillard's, J.C. Penney, Sears, Wal*Mart, Mervyn's, McRaes and Foley's. First Union Management, Inc., the property management affiliate of the company, will manage the properties.

For more information, contact Thomas Kmiecik at (216-781-4030).

Tornetta Realty Corp. has the listing to sell a 1.9 acre site in East Norriton, PA. The corner site, which is zoned commercial, has 219 feet of frontage on Germantown Pike. The company also has the listing to sell an 18,000 sq.ft. building in East Norriton, PA. The freestanding project has 200 feet of frontage on Germantown Pike and 65 parking spaces with an expansion possibility to 200 spaces.

For more information, contact Charles Tornetta or Frank Tornetta, Jr. at (610-279-4000), Fax (275-6787).

Sports & Recreation, Inc. plans to sell 20 undeveloped parcels of land located adjacent to its stores in several states as well as a 130.5 acre site in Hillsborough County, FL. The asking price for the Hillsborough site is $5.2 million. In addition, the company is considering a sale/lease-back for 60 of its 85 stores.

For more information, contact Sports & Recreation, Inc. at (813-886-9688).

Financial News...

Fred Meyer, Inc. (503-232-8844) reported that net sales for its first quarter increased 11.2% to $1.04 billion from $940 million during the first quarter last year. Net income increased to $9.4 million from $3.1 million last year and comparable store sales increased 5.1%. The company plans to open five full-size multi-department stores as well as complete the acquisition of several other companies during the remainder of 1996.

Edison Brothers Stores, Inc. (314-331-6000) reported a net loss of $17.7 million for its first quarter which included special after-tax charges of $11.3 million. Excluding the charges, net loss was $6.4 million for the quarter, the same as reported during the first quarter last year. First quarter sales were $258.1 million compared to $318.1 million last year and comparable store sales fell 4.6%. The company plans to close 140 stores during its second fiscal quarter. The company also announced that it plans to sell or close its 102-unit Zeidler & Zeidler menswear chain. The division has been unprofitable for the past three years.

Shoe Carnival, Inc. (812-867-4105), a chain of 91 stores throughout the Midwest and Midsouth, reported that its first quarter net income increased 226% to $921,000 from $283,000 last year.

Rally's Hamburgers, Inc. (502-254-8900) was recently notified by the Nasdaq stock market that the company would continue to be listed while it executes its plan for returning to compliance. During April, Nasdaq notified Rally's that it was deficient in the net tangible asset criteria for continued listing on its system. Rally's recently submitted a plan to Nasdaq to return to compliance and was therefore granted the conditional exception allowing it to remain listed.

Prime Retail, Inc. (800-628-9467) reported comparable center sales for the 12-month period ended March 31 of $237 per square foot, which are 13% higher than the outlet industry average of $210 per square foot as reported by the Outlet Center Sales Index compiled by the ICSC. In addition, Prime Retail reported a 0.7% loss in comparable center sales compared to the industry average of 1.3%. Prime Retail's portfolio consists of 17 operating centers in 14 states which total more than 4.3 million sq.ft.

Circuit City Stores, Inc. (804-527-4000) reported that its net earnings for its first quarter were $16.8 million, compared to $24.6 million during the first quarter last year. First quarter total sales increased 16% to $1.62 billion from $1.39 billion with comparable store sales falling four percent. During the quarter, the company opened eight Circuit City stores in MI, NC and WI and one CarMax location in Charlotte, NC.

Just For Feet, Inc. (205-987-3450) recently offered 1.95 million shares of its common stock. The proceeds raised by the sale will be used to finance additional store openings, general corporate purposes and possible acquisitions. The company currently operates 40 stores in 12 states.

Value City Department Stores, Inc. (614-471-4722) reported that net sales for its fiscal third quarter increased 13.3% to $207.6 million from $183.4 million last year. Net income for the quarter was $900,000 compared to a net loss of $3.2 million last year. Comparable store sales increased 3.9% for the quarter. The company plans to open stores in Niles and Melrose, IL and Seaview and Manalapan, NJ during August as well as stores in Iverson, MD, Paramus, NJ and Memphis, TN during October. Currently, the company operates 85 stores throughout the Eastern and Midwestern regions.

Store Closings

Sports & Recreation, Inc. (813-886-9688) plans to close five of its 85 sporting goods stores by the end of the Summer.

Sizzler International (310-827-2300) recently closed 130 Sizzler restuarants and six Buffalo Ranch Steakhouses when it filed for Chapter 11 bankrutpcy. The company filed for bankruptcy to get out of the rent payments for the closed units.

Value Merchants (414-274-2575) recently converted its Chapter 11 filing to Chapter 7 and plans to close its 215 Everything's A Dollar stores.

Discovery Zone (305-627-2400) recently closed units in Calumet City, Chicago, Evanston, Palatine and Vernon Hills, IL.

Lead Sheet

The Coach Stores, Inc.

dba The Coach Store

Tony Galvin

516 West 34th Street

New York, NY 10001

212-629-2207, Fax 629-2601

Accessories

The 140-unit chain operates locations throughout the nation in addition to England and Germany. The stores, selling leather accessories for men and women, occupy spaces of 2,000 sq.ft. in freestanding facilities and power centers. Growth opportunities are sought nationwide.

General Host Corporation

dba Frank's Nursery & Crafts, Inc.

Kristin K. Frohn

6501 East Nevada

Detroit, MI 48234

313-564-2169, Fax 564-2250

Arts & Crafts

The 266-unit chain operates locations in CT, DE, FL, IL, IN, KY, MA, MD, MI, MN, MO, NJ, NY, OH, PA and VA. The stores, selling arts, crafts, seasonal items, lawn and garden items, occupy spaces of 40,000 sq.ft. in freestanding facilities, power and strip centers. Preferred anchors include Marshalls, Target and T.J. Maxx. Plans call for 10 openings in the coming 18 months. Expansion will take place in the existing markets. Preferred demographics include a population of 150,000 within five miles earning $50,000 as the average household income. Leases running 20 years are typical. The company also trades as Christmas By Frank's which seeks spaces from 3,000 sq.ft. in enclosed malls, freestanding facilities, strip and power centers. Plans call for as many as 150 openings. Lease terms are from September to January.

Evenson's Hallmark Cards

dba Evenson's

Marty Hennessy

2 Manhattanville Road

Purchase, NY 10577

914-694-3634, Fax 694-1191

Cards & Gifts

The 400-unit chain operates locations nationwide. The card and gift stores occupy spaces of 2,500 sq.ft. in regional malls. Plans call for 40 openings in the coming 18 months. Expansion will take place nationwide.

Ben Franklin Crafts

Beth Lamport

c/o Breslin Realty Development Corp.

500 Old Country Road

Garden City, NY 11530

516-741-7400, Fax 741-5621

Crafts

The company operates six stores in the metropolitan New York City, NY area. The craft stores occupy spaces of 18,000 sq.ft. to 20,000 sq.ft. in strip centers. Preferred anchors include apparel stores and supermarkets. Plans call for the opening of four units in the coming 18 months. Expansion will take place on Long Island, NY. Breslin Realty is the exclusive broker for the NY metro area.

G.R. Herberger's, Inc.

dba Herberger's

John Brownson

600 Mall Germain

Saint Cloud, MN 56301

612-654-2236, Fax 654-7040

Department Store

The 40-unit chain operates locations in CO, IA, IL, MN, MT, NE, ND, SD, WI and WY. The department stores, selling family fashions, occupy spaces of 40,000 sq.ft. to 120,000 sq.ft. in regional malls. Plans call for two openings annually. Expansion will take place in the existing markets.

SAJ Distributors

dba USA Drug & Beauty Market

Terry Viala

3017 North Midland Drive

Pine Bluff, AR 71613

501-535-2411, Fax 535-5601

Drug Store

The 14-unit chain operates locations in AR and LA. The drug stores occupy spaces of 8,450 sq.ft. to 23,000 sq.ft. in freestanding facilities and strip centers. Preferred anchors include supermarkets. Plans call for two openings in the coming 18 months. Expansion will take place in the existing markets. Leases running eight to ten years are typical.

Children's Concepts, Inc.

dba Zany Brainy

Michael Levin

308 East Lancaster Avenue

Wynnewood, PA 19096-2145

610-896-1500, Fax 896-3820

Educational

The 38-unit chain operates locations in DE, GA, IL, MD, NJ, NC, OH, PA and VA. The stores, selling children's multi media educational items, occupy spaces of 12,500 sq.ft. in freestanding facilities, power and strip centers. Plans call for as many as 20 openings in the coming 18 months. Expansion will take place in DE, GA, IL, MD, NJ, PA and VA.

Q-ZAR USA

dba Q-ZAR

John Richardson

2411-T Old Crow Canyon Road

San Ramon, CA 94583

510-837-0502, Fax 837-6748

Entertainment

The 200+-unit chain operates locations worldwide. The concept features laser tag, video games and a snack bar while occupying spaces of 10,000 sq.ft. to 15,000 sq.ft. in freestanding facilities, regional malls and strip centers. Preferred anchors include multi-screen movie theaters and other entertainment facilities. Growth opportunities are sought nationwide. Preferred demographics include a population of at least 10,000 within 10 miles earning at least $40,000 as the median income.

American Woman Fitness Centers

Jerry Brunetto

440 Market Street

Elmwood Park, NJ 07407

201-796-7300

Fitness

The five-unit chain operates locations in NJ. The health and fitness centers occupy spaces of 7,000 sq.ft. to 10,000 sq.ft. in strip centers. Plans call for two openings in the coming 18 months. Expansion will take place in NJ and NY.

Stewart's Restaurants, Inc.

dba Stewart's

Michael Fessler

114 West Atlantic Avenue

Clementon, NJ 08021

609-346-1300, Fax 783-7616

Food

The 52-unit chain operates locations in FL, KY, MD, NJ, OH, PA and WV. The fast food restaurants, serving hamburgers, hot dogs, fries and chicken, occupy spaces of 672 sq.ft. to 1,500 sq.ft. in freestanding facilities on a land area of at least one-half acre. Growth opportunities are sought in the existing markets. Leases running 10 to 12 years are typical.

Step Ahead Investments, Inc.

dba 98 Cent Clearance Center

Bill Coyle

3222 Winona Way

North Highlands, CA 95660

916-349-7238, Fax 349-7200

General Merchandise

The 42-unit chain operates locations in CA and NV. The stores, selling closeout merchandise, occupy spaces of 10,000 sq.ft. to 15,000 sq.ft. in power and value centers. Plans call for as many as 12 openings in the coming 18 months. Expansion will take place in the existing markets.

Beall's, Inc.

dba Out And Out Gifts

Seth Layton

1806 38th Avenue East

Bradenton, FL 34208

941-747-2355, Ext. 330, Fax 747-5741

Gifts

The four-unit chain operates locations in FL. The stores, selling gifts for the family at discount price-points, occupy spaces of 2,500 sq.ft. to 3,500 sq.ft. in regional malls. Plans call for six openings during 1996 and six openings during 1997. Expansion will take place in the existing market.

HomeBase

David Wiegel

3345 Michaelson Drive

Irvine, CA 92715

714-442-5000, Fax 442-5119

Home Center

The 86-unit chain operates locations in AZ, CA, CO, ID, NM, NV, OR, TX, UT and WA. The home improvement stores occupy spaces of 104,000 sq.ft. in freestanding facilities and strip centers. Growth opportunities are sought in the existing markets.

Kitchen Port

Roberta Shrope

415 North Fifth Avenue

Ann Arbor, MI 48104

313-665-9188, Fax 665-8052

Housewares

The two-unit chain operates locations in MI. The stores, selling cookware and kitchen accessories, occupy spaces of 1,500 sq.ft. to 7,000 sq.ft. in strip centers. Growth opportunities are sought in the existing market.

On-Cue

Fred Karp

10400 Yellow Circle Drive

Minnetonka, MN 55343

612-931-8325

Music

The 158-unit chain operates locations nationwide. The stores, selling music, books, movies and computer software, occupy spaces of 6,000 sq.ft. in downtown store fronts and strip centers. Plans call for as many as 20 openings in the coming 18 months. Expansion will take place nationwide.

Petco Animal Supplies, Inc.

dba Petco

Marc Drason

9125 Rehco Road

San Diego, CA 92121

619-453-7845, Ext. 3008, Fax 677-3002

Pet Store

The 265-unit chain operates locations in AZ, CA, CT, DE, MD, MA, NJ, NY, OR, PA, TX, VA, WA and Washington, D.C. The pet stores occupy spaces of 12,000 sq.ft. to 20,000 sq.ft. in freestanding facilities and power centers. Plans call for 75 openings in the coming 18 months. Expansion will take place in the existing markets.

International Center for Entrepreneurial

dba Ink Well, Copy Club, Kwik Kopy,

American Wholesale Thermographers

Pauline Lehmann

PO Box 777

Cypress, TX 77410-0777

800-942-9526, Fax 713-373-4450

Printing

The 949-unit chain (871 Kwik Kopy, 46 Ink Wells, 22 American Wholesale Thermographers and 10 Copy Clubs) operates locations nationwide. The printing stores occupy spaces of 1,500 sq.ft. in strip centers. Growth opportunities are sought nationwide.

Athletic Attic Properties

dba Athletic Lady, Athletic Attic,

Team Pride, Second Wave

Jack Thompson

PO Box 14503

Gainesville, FL 32604

352-377-5289, Fax 377-7169

Shoes

The 30-unit chain (22 Athletic Attic, four Team Pride, two Athletic Lady and two Second Wave) operates locations from Florida through Maine. The stores, selling athletic footwear and apparel, occupy spaces of 1,500 sq.ft. to 2,000 sq.ft. in regional malls. Growth opportunities are sought along the East Coast.

Dreams Franchise Corporation

dba Field of Dreams

Joie Casey

42-620 Carolina Court #103

Palm Desert, CA 92211

619-776-1010, Fax 779-0217

Specialty

The 20-unit chain operates locations in AZ, CA, GA, HI, IL, MN, MO, NV, OR, TX and WA. The stores, selling autographed memorabilia, occupy spaces of 900 sq.ft. to 1,200 sq.ft. in regional malls. Preferred anchors include Lord & Taylor, Nordstrom and Warner Brothers. Plans call for as many as 20 openings in the coming 18 months. Expansion will take place in AL, CA, CO, CT, FL, GA, IL, IN, MI, MO, NY, NV, OH, PA and TX. Leases running seven to 10 years are typical.

Signature's

Judy Wetzel

PO Box 228

Allison Park, PA 15101

412-443-6660, Fax 443-3944

Stationery

The three-unit chain operates locations in PA. The stores, selling writing instruments, fine paper, designer gift wrap, upscale cards and seasonal gifts, occupy spaces of 1,000 sq.ft. to 1,200 sq.ft. in regional malls and strip centers. Plans call for as many as two openings in the coming 18 months. Expansion will take place in OH, PA and WV.

Consumers Markets, Inc.

dba Consumers Markets

Dave Miller

639 West Chestnut Expressway

Springfield, MO 65802

417-866-4305, Fax 866-4305, Ext. 213

Supermarket

The 22-unit chain operates locations in AR, KS and MO. The supermarkets occupy spaces of at least 50,000 sq.ft. in freestanding facilities and strip centers. Growth opportunities are sought in the existing markets.

The Learning Express

dba Learning Express

Lou Di Minico

76 Farmers Row

Groton, MA 01450

508-448-2333, Fax 448-9995

Toys

The 18-unit chain operates locations in CA, CT, MA, NC, NH, NJ, OH, OR, PA, RI and TX. The toy stores occupy spaces of 2,000 sq.ft. to 3,500 sq.ft. in downtown store fronts, specialty and strip centers. Growth opportunities are sought in AZ, FL, IN, ME, NC, NY, SC, TN and WA.

J.C. Flicks

dba J.C. Flicks Video

Joe Wojcik

20639 South Amherst Court

Joilet, IL 60433

815-727-9370

Video

The 19-unit chain operates locations in AZ, CO and IL. The video stores occupy spaces of 5,000 sq.ft. to 10,000 sq.ft. in strip centers. Preferred anchors include Kmart, Wal*Mart and supermarkets. Growth opportunities are sought in CO, IA, IL, MY, UT and WY. Preferred demographics include a population of 10,000 within three miles. Leases running five years are typical.

Space Place

Colorado

Aurora- Yale Place is anchored by Pier 1 Imports and Colorado Ski & Golf. The 36,751 sq.ft. project has a 2,000 sq.ft. former restaurant with outdoor seating available for lease. Demographics include a five-mile population of 380,728 sq.ft. earning $54,111 as the average income.

For details, contact Steve Sebern of Sevo Miller, Inc. at (303-721-1000), Fax (721-7249).

Illinois

New Lenox- Nelson Plaza is anchored by Eagle Foods and Walgreens. The project has 32,000 sq.ft. available for lease as well as outlot spaces. Area tenants include Jewel/Osco (under construction), McDonald's and Hardee's. The site fronts Rt. 30 which has a daily traffic count of 34,000 vehicles.

For details, contact Doug Reichl or Bob Swierbut of Hiffman Shaffer Associates, Inc. at (312-332-3555), Fax (707-8762).

Indiana

Hammond- Columbia Plaza is anchored by Menard's, Super Trak Auto, Aldi, Family Dollar, Blockbuster Video and McDonald's. The 183,000 sq.ft. project has a 10,650 sq.ft. former So-Fro Fabrics store available for lease. Demographics include a three-mile population of 126,000 earning $42,500 as the average household income.

For details, contact HSS Real Estate at (312-849-2044).

Pennsylvania

Scranton- Steamtown Commons, a 250,000 sq.ft. project, has big box spaces to 45,000 sq.ft. available for lease. The site is located adjacent to the Mall at Steamtown, a United Artists-8 theater complex and the Steamtown National Historic Site. Demographics include a trade area population of 700,000.

For details, contact Joe Barilla of Shopco Management Corp. at (212-594-9400, Ext. 34).

Tennessee

Chattanooga- Northtowne Centre is anchored by Wal*Mart, Winn-Dixie and Staples. The 258,000 sq.ft. project has a 3,000 sq.ft. space adjacent to Wal*Mart available for lease and an 11,250 sq.ft. space adjacent to Staples available for lease.

For details, contact Helen Scott of Angel Realty at (423-624-0652) or Mark Hornstein of Kemor Properties, Inc. at (514-846-1610).

Murfreesboro- Broad Street Centre is anchored by Kmart, Cato, Payless Shoes, Radio Shack and It's Really A Dollar. The project will have spaces of 12,800 sq.ft. and 28,554 sq.ft. available for lease beginning early 1997. The spaces can be combined or expanded.

For details, contact Anthony Vita of Vita & Vita Realty Corp. at (201-227-5233).

Texas

Houston- Four Corners Shopping Center has spaces from 1,000 sq.ft. to 10,000 sq.ft. and 22,000 sq.ft. available for lease. The site is located adjacent to Marshalls, Michaels, Men's Wearhouse, PetsMart and CompUSA. The project fronts Westheimer/Dairy-Ashford which generates a daily traffic count of 43,573 vehicles. Demographics include a five-mile population of 329,676 earning $58,134 as the average income. Also in Houston- A freestanding 3,060 sq.ft. former Payless Shoe store is available for lease. The site fronts Ella Boulevard and West 18th Street. Demographics include a three-mile population of 116,018 earning $48,109 as the average income. Also in Houston- A freestanding 3,456 sq.ft. former Payless Shoe store is available for lease. The site fronts Westheimer and Shepherd. Retailers in the area include Bookstop, Talbots, AnnTaylor and Jaeger. Demographics include a three-mile population of 125,047 earning $71,187 as the average income. In Rosenburg- A freestanding 3,750 sq.ft. former Payless Shoe store is available for lease. The site fronts US Highway 59 South and State Highway 36 on an outparcel of a Super Kmart Center. Co-tenants include Hollywood Video, McDonald's, Denny's and Jack-in-the-Box. Demographics include a three-mile population of 25,435 earning $47,667 as the average income.

For details, contact Chris Greenberg of The Weitzman Group at (713-868-9961), Fax (781-7119).

Virginia

Alexandria- Woodlawn Shopping Center is anchored by Food Lion. The 109,690 sq.ft. project has spaces of 1,170 sq.ft., 4,200 sq.ft. and 10,900 sq.ft. available for lease. The site fronts Rt. 1 and Rt. 235 which generate a daily traffic count of 57,000 vehicles. Demographics include a 10-mile population of 671,317 earning $56,799 as the average income. In Orange- Orange Village Shopping Center is anchored by Food Lion and Revco Drugs. The 92,860 sq.ft. project has spaces from 1,200 sq.ft. to 27,000 sq.ft. available for lease. The site fronts Rt. 15 which generates a daily traffic count of 15,000 vehicles.

For details, contact J.C. Hall of Berkeley Plaza Associates, Inc. and Orange Village Shopping Center, Inc. at (540-253-5555), Fax (253-9899).

Newport News- Commerce Plaza is anchored by Riverside Fitness. The 33,976 sq.ft. project has a 1,360 sq.ft. space available for lease. The site is located near Patrick Henry Mall. Demographics include a five-mile population of 136,796 earing $42,006 as the average income. Also in Newport News- Corner Shoppes at Maxwell Lane is anchored by Open Roads Bike Shop. The 21,864 sq.ft. project has spaces of 800 sq.ft., 2,642 sq.ft. and 7,200 sq.ft., which can be subdivided into 1,200 sq.ft. units, available for lease. The site is located near Patrick Henry Mall. Also in Newport News- Kingstowne Shops is anchored by International House of Pancakes. The 22,824 sq.ft. project has spaces of 680 sq.ft., 1,360 sq.ft. and 2,236 sq.ft. available for lease. The site is located near Patrick Henry Mall and Commerce Plaza.

For details, contact Mike Zarpas of Robinson Sigma Commercial Real Estate at (804-640-7130), Fax (640-7131).

West Virginia

Ranson- Ranson Square is anchored by Barnhardt's Supermarket and CVS Pharmacy. The 43,035 sq.ft. project has three spaces of 1,600 sq.ft. each available for lease. The site fronts Rt. 9 and Ambrose Drive. Demographics include a five-mile population of 17,688 earning $34,335 as the average income.

For details, contact J.C. Hall of Ranson Square, Inc. at (540-253-5555), Fax (253-9899).

New Construction

Devcon Enterprises, Inc. plans to break ground this Fall on The Marketplace at Port St. Lucie in Port St. Lucie, FL. The 165,702 sq.ft. project will be anchored by Winn-Dixie and Wal*Mart.

For more information, contact J.R. Cody III, commercial leasing & acquisitions, Devcon Enterprises, Inc. at (860-233-2114), Fax (236-8181).

JDN Realty Corporation recently broke ground on a 456,000 sq.ft. power center in Cumming, GA. The project will be anchored by a 205,000 sq.ft. Wal*Mart Supercenter and a 102,000 sq.ft. Home Depot. The remaining 149,000 sq.ft. will occupied by additional anchor tenants. The project is expected to open during the first half of next year.

For more information, contact William J. Kerley of JDN Realty Corporation at (404-262-3252).

ForestCity Development California, Inc. is currently developing Marketplace at River Park in Fresno, CA. The project will be anchored by Target, which is expected to open this month. Lease negotiations are currently ongoing with J.C. Penney for a home store, Macy's for a home store, Borders and Macaroni Grill.

For more information, contact ForestCity Development California, Inc. at (310-312-1441).

Conversions, Expansions & Renovations

CBL & Associates Properties, Inc. recently began renovations at Suburban Center in Knoxville, TN. The 129,321 sq.ft. project, which is anchored by Toys 'R Us, will be receiving a 24,000 sq.ft. Barnes & Noble Bookstore during Spring 1997. Other renvations at the site include a new canopy, upgraded store fronts, new pylon sign and resurfacing the parking lot. The project is expected to be completed during November.

For more information, contact Randy Owens, leasing manager of CBL & Associates Properties, Inc. at (800-333-7310, Ext. 238).

Levin Management Corporation recently completed the renovation of Park & Shop Shopping Center in Elizabeth, NJ. The 24,500 sq.ft. former Acme Supermarket was renovated and leased to Pep Boys Parts USA (12,500 sq.ft.) and Revco Drug (12,000 sq.ft.). Other site renovations included a new building facade, a redesigned parking lot and new lighting.

For more information, contact William Farber at Levin Management Company at (908-755-2401).

HGI Realty, Inc. recently opened the phase II expansion at Warrenton Outlet Center in Warrenton, MO. The addition, which brings the projects total GLA to 200,000 sq.ft., is tenanted by Boot Country, Casual Male Big & Tall, Claire's Accessories, County Seat, Fuller Brush, GNC, SAS Factory Store, Sunglass Hut, T-Shirts Plus, The Paper Factory and Westport Ltd. The company also recently opened a 70,000 sq.ft. phase V expansion to the Outlets at Gilroy in Gilroy, CA. New tenants to the project include Berkenstock, Bose, Country Clutter, Flap Doodles, Essentials, Fossil, The Gap, Guess Men's Classics, NordicTrack, Pro Plus, Reebok, Greg Norman, Rockport, SAS Shoe Outlet, SF Blues and Van Heusen Direct.

For more information, contact HGI Realty, Inc. at (616-798-9100), Fax (798-5100).

Real Estate Professionals Making The News

Brown Harris Stevens (212-593-8300) announces that 15 new brokers have joined the firm. They are: Michelle Conte, Gerry Crown, Paula DiNunzio, Nancy Elias, Anneke Van Wagoner-Felske, Gloria Giese, Sami Hasoumi, Sachiko Iijima, Edwin Josue, Susan Greenfield Merdinger, Gail Mobely, Douglas Russell, Maria Theodore, Maria Torresy and Ann Turkus.

CB Commercial Real Estate Group, Inc. (408-467-7500) announces that Kenneth C. Miller has joined the company as real estate manager.

Legend Properties, Inc. (609-231-1010) announces that the following agents have joined the firm. Michael Moss, who will primarily work in the Northeast Philadelphia, PA area; Bernard Doogue, who will work throughout NJ; and Guy Amine, who will work in Montgomery County, PA.

Ross Realty Group, Inc. (813-725-2800) announces that Judith C. Haner has joined the company as a property manager and that Shari S. Green has joined the company as a leasing associate.

Kranzco Realty Trust (610-941-9292) announces that Bengt Danielsson has been promoted to vice president and diretor of operations; Michael Kranzdorf has been promoted to vice president and director of information services and Michael Warrington has been promoted to vice president and director of acquisitions.

Century Theaters (415-885-8400) announces that Nancy M. Klasky has joined the company as vice president of marketing to oversee marketing activities for the company's expansion.

ABI Companies, Inc. (954-986-9288) announces that R. Michael Nuckles and Richard A. Zacher have joined the company as general manager and operations manager, respectively.

BAA Pittsburgh, Inc. (412-642-7700) recently named Mark Knight to head its Airmall operations at Pittsburgh International Airport. The Airmall is more than 100,000 sq.ft. with over 100 retail outlets. He will be responsible for the development and management of the retail site.

Anthony Realty, Inc. (908-935-1144) announces that Larry Lucisano and Richard Perosi have joined the company as a sales associates.

Exclusives: Leasing & Management Assignments

Rothwood Real Estate Services, Inc. (516-466-3600) has been appointed exclusive broker for Liberty Plaza Shopping Center in Queens, NY. The inner-city project is the redevelopment of the former Queens Farms Dairy with approximately 60,000 sq.ft. of retail space available.

Shelter Bay Retail Group (415-388-4480) has been appointed the property manager of Lakeshore Plaza in San Francisco. The 122,000 sq.ft. project is anchored by Lucky Supermarket, Ross, Big 5 Sporting Goods, Crown Books, Blockbuster Video, Petco, Radio Shack and Boston Market.

Harvey Lindsay Commercial Real Estate (804-640-8234) has been named the exclusive leasing agent for the expansion of Great Bridge Plaza in Chesapeake, VA.

Correction

In the May 24, 1996 issue of The Dealmakers the states of operation and expansion location for Pic 'N Pay Stores was incorrectly reported. The company operates 726 stores throughout FL, GA, MD, NC, SC, TN, VA, WV and Washington, D.C. and that the company is looking to open 12 stores throughout the Southeastern region.

For more information, contact David Brouwer-Ancher, Pic 'N Pay Stores, Inc., PO Box 34000, Charlotte, NC 28261; 704-841-6214, Fax 841-6296.