Issue 26 for the week of July 31, 1996

The Dealmakers Issue Number 26 for the week of July 31, 1996.

Convenience Stores Seeking Locations Nationwide

Avanti Petroleum, Inc. does business as Total at 35 locations in MN. The convenience stores occupy spaces of 2,000 sq.ft. in freestanding facilities and strip centers. Growth opportunities are sought in the existing market.

For more information, contact Jim Hill, Avanti Petroleum, Inc., 8148 Pillsbury Avenue South, Minneapolis, MN 55420; 612-881-4483, Fax 881-4457.

Ashland, Inc. trades as Super America at 620 locations in IL, IN, KY, MI, MN, OH, PA, SD, WI and WV. The convenience stores occupy spaces of 3,200 sq.ft. in freestanding facilities and strip centers. Freestanding units use land areas of one acre. Plans call for 50 openings in the coming 18 months. Expansion will take place in MN, OH and WI. The company, which prefers to build its own stores, typically signs a 30 year lease.

For more information, contact Dave Childs, Ashland, Inc., PO Box 14000, Lexington, KY 40512; 606-357-7365, Fax 357-7997.

Wawa, Inc. trades as Wawa at 517 locations in CT, DE, MD, NJ and PA. The convenience stores occupy spaces of 3,200 sq.ft. in freestanding facilities. Growth opportunities are sought in the existing markets.

For more information, contact Frederic Schroeder, Wawa, Inc., 260 West Baltimore Pike, Wawa, PA 19063-5699; 610-358-8000, Fax 358-8828.

Martin & Bayley trades as Huck's Food & Fuel Stores at 115 locations in IL, IN, KY, MO and TN. The convenience stores, which also sell gasoline, occupy spaces of 3,100 sq.ft. in freestanding facilities. Plans call for 10 openings in the coming 18 months. Expansion will take place in IL and IN.

For more information, contact Ben Eddie, Martin & Bayley, PO Box 385, Carmi, IL 62821; 618-382-2334, Fax 382-8956.

CHR Corp. does business as Rutters Farm Stores at 55 locations in MD and PA. The convenience stores, which also sell gasoline, occupy spaces of 1,200 sq.ft. to 4,500 sq.ft. in freestanding facilities. Plans call for as many as four openings in the coming 18 months. Expansion will take place in PA.

For more information, contact Jay Christ, CHR Corp., 2100 North George Street, York, PA 17404; 717-848-9827, Fax 845-8751.

Midjit Market, Inc. trades as Green Valley Grocery at 15 locations in NV. The convenience stores, which feature a delicatessen and sell gasoline, occupy spaces of 3,000 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 Richard Crawford, Midjit Market, Inc., 3915 West Twain Avenue, Las Vegas, NV 89103; 702-367-0056, Fax 367-9838.

Lease Signings

HSS Real Estate, Inc. (312-849-2044) leased 8,580 sq.ft. to Family Dollar Stores at Meadowview Shopping Center in Kankakee, IL.

Metro Commercial Real Estate, Inc. (609-866-1900) leased 45,000 sq.ft. to Regal Theaters in Plymouth Meeting, PA; 22,500 sq.ft. to Sneaker Stadium in Montgomeryville, PA and 15,000 sq.ft. to CVS in Philadelphia, PA.

Klaff Realty, LP (312-654-8900) leased 94,160 sq.ft. to Kohl's Department Store and 80,400 sq.ft. to Burlington Coat Factory at a former Kmart location in North Riverside, IL.

CB Commercial Real Estate Group, Inc. (415-577-2930) leased six spaces to Barnes & Noble, Inc. for Barnes & Noble Superstores in CA. They include: a 32,000 sq.ft. space at The Pruneyard Shopping Center in Campbell; 25,000 sq.ft. at Westgate Mall in San Jose; 25,000 sq.ft. at Modesto Promenade in Modesto; 25,000 sq.ft. at Chico Crossroads in Chico; space at Hilltop Plaza in Richmond and space in Stockton.

Mid-America Asset Management Co. (708-954-7300) leased 3,123 sq.ft. to Jade East Oriental Restaurant at Civic Center Plaza Shopping Center in Niles, IL.

Judson Realty, Inc. (212-974-1900) leased the former Plaza Theater at 42 East 58th Street to Show Me Ltd.

Sunrise Mall (516-795-3550) leased 8,198 sq.ft. to Mandee's; 1,300 sq.ft. to The Safety Center; 1,260 sq.ft. to Small's Formal Wear; 2,000 sq.ft. to Sunrise Gallery; 2,420 sq.ft. to Frederick's of Hollywood; 42,000 sq.ft. to The Wiz and 1,110 sq.ft. to Regis Hair Salon at Sunrise Mall in Massapequa, NY.

Erwin L. Greenberg Commercial Corporation (410-837-2500) leased 1,300 sq.ft. to General Nutrition Corporation at Dorchester Square Shopping Center in Cambridge, MD.

Divaris Real Estate, Inc. (804-497-2113) leased 3,300 sq.ft. to Kohler Tile and Marble in Virginia Beach, VA and 1,400 sq.ft. to Gospel Book Store at East Towne Plaza Shopping Center in Richmond, VA.

Zell Commercial Real Estate Services (602-248-0600) leased 6,673 sq.ft. to Video Update at 8th Avenue Shoppes in Mesa, AZ; 1,172 sq.ft. to Beltone Hearing Center in Flagstaff, AZ and 1,668 sq.ft. to Cigarettes Cheaper! at Fry's Food & Drug Plaza in Peoria, AZ.

Who's Opening and Where...

Pudgie's Chicken, Inc. (516-222-8833) plans to open company-owned restaurants in Flatbush, Long Beach, Bellrose and Northport, NY during the Summer.

Galyan's Trading Co. (614-479-7000) plans to open stores in Baltimore, MD; Plainfield, IN; Chicago, IL and Columbus, OH during 1997.

The Good Guys! (415-615-5000) recently opened a 21,000 sq.ft. store in Las Vegas, NV.

Teach & Play Smart (817-354-9960) recently opened a 10,000 sq.ft. store at North Park Center Mall in Dallas, TX.

Williams-Sonoma, Inc. (415-421-7900) recently opened a 25,000 sq.ft. two-level Pottery Barn store at Riverside Square in Hackensack, NJ. The store is the chain's largest in the country.

Saks Fifth Avenue (212-940-5700) plans to open stores in Tampa, Orlando, Sarasota and Fort Myers, FL. The company also plans to open a 20,000 sq.ft. Off 5th-Saks Fifth Avenue Outlet store at Grove City Factory Shops in Grove City, PA during Fall 1996.

A&W Restaurants (313-462-0029) recently opened a restaurant inside a Crown Central Petroleum Co. convenience store/service station in Columbus, GA and is planning to open a unit at a Wal*Mart in Savannah, GA.

OfficeMax (216-295-6411) plans to open a 30,000 sq.ft. OfficeMax/CopyMax unit at Riverside Marketplace in Riverside, CA during November.

Houston's Restaurants, Inc. (615-292-0188) recently opened a restaurant at Riverside Square in Hackensack, NJ. The company is looking to open a unit in Manhattan, NY during 1997.

McDonald's (708-575-3000) plans to open two restaurants in Anchorage, AK before the end of the year.

Seed Restaurant Group (606-268-1668) plans to open an upscale Italian restaurant called Bella Notte near Fayette Mall in Lexington, KY. The company, which currently operates 212 Fazoli's quick-serve Italian restaurants in 21 states, is looking for its new concept to compete with the Olive Garden. If the first unit proves successful, the company plans to expand the concept to other cities. The company plans to test the concept for at least one year before deciding to open other units.

Bass Pro Shops Outdoor World (417-832-1998) plans to open a 125,000 sq.ft. store at Gurnee Mills in Gurnee, IL during Summer 1997. The company currently operates two stores in GA and MO. Other units are planned for FL and TN.

Bennetton (602-953-6664) plans to open a 13,000 sq.ft., three-level store at the Beaux Arts building in New York, NY during September. In addition to apparel, the store will sell sporting goods and accessories.

Builders Booksource (415-358-9332) recently opened a bookstore that specializes in books for professional architects, contractors, engineers, students and weekend do-it-yourselfers at Ghirardelli Square in San Francisco, CA.

Le Print Express International, Inc. (416-754-8440) recently opened its first franchised graphics and communication center in the U.S. The store was opened at a Wal*Mart Supercenter in Lubbock, TX. The store is the first of eight planned for this year within Wal*Mart stores nationwide. By the end of next year, the company plans to have 100 units open.

Barnes & Noble (212-633-3300) plans to open a 25,000 sq.ft. store in Baltimore, MD during Fall; a 28,800 sq.ft. store in Omaha, NE during Fall and a 20,000 sq.ft. store at Sabal Pointe Plaza in Merritt Island, FL during Fall.

Blimpie International, Inc. (212-673-5900) recently awarded exclusive master franchise development rights for the Dominican Republic to Hispalimentos, S.A. Under terms of the agreement, Hispalimentos is required to open a minimum of 15 units within 10 years.

Stein Mart (904-346-1500) plans to open its first PA unit at a 37,000 sq.ft. former Jamesway store at South Mall in Allentown, PA during November.

Take Good Care (908-819-9611) recently opened a 10,000 sq.ft. health care superstore in Clark, NJ. The store offers departments such as back therapy, mobility, mother and baby, aids to daily living, bath, bedroom, entertainment, education, gift and personal care. A second store is planned for Paramus, NJ.

Financial News...

Consolidated Products, Inc. (317-633-4100) recently filed a registration statement with the Securities and Exchange Commission for a public offering of 2.35 million shares of its common stock, all of which will be sold by the company. Proceeds from the sale will be used to repay all of the debt outstanding under the company's revolving credit agreement to finance the company's expansion and for general corporate purposes. The company operates and franchises 246 Steak n Shake restaurants in 12 states.

Safeway, Inc. (510-891-3000) reported that its second quarter net income was $106.7 million, up from $68.7 million last year. Sales were $3.9 billion, a 5.1% increase over last year's sales. Comparable store sales increased 5.8% for the quarter. The company, which currently operates 1,053 supermarkets, plans to open as many as 35 stores during its current fiscal year.

CompUSA, Inc. (214-982-4000) reported that its fiscal 1996 net sales were up 30% to $3.8 billion from $2.9 billion during FY95. Comparable store sales were up 12.6% for the year. The company currently operates 105 stores nationwide.

Sun Television and Appliances, Inc. (614-492-5600) reported a first quarter net loss of $4.6 million compared to net income of $210,000 during the same quarter last year. Net sales fell to $153.7 million from $164.5 million last year. The company currently operates 48 stores in KY, NY, OH, PA and WV.

Frederick's of Hollywood, Inc. (213-466-5151) reported a third quarter net loss of $686,000 compared to net earnings of $440,000 during the same quarter last year. Sales for the quarter were $35.282 million, a six percent increase over last year's results of $33.312 million. Comparable store sales increased six percent. During the quarter, the company opened one store and currently operates 205 units in 39 states. Nine stores are planned for the remaining of its fiscal year.

Rudy's Restaurant Group, Inc. (305-895-7200) announces that its common stock recently began trading in the Nasdaq SmallCap Market under the symbol RUDY. The company is a restaurant holding company which owns and operates Japanese restaurants trading as Samurai and Kyoto.

Braun's Fashions Corporation (612-551-5110) recently filed for Chapter 11 protection and received approval for an interim debtor-in-possession financing facility. The company is planning to reject at least 40 store leases. These stores have been underperformers. The company currently operates 221 women's apparel stores in 22 states.

Bradlees (617-380-5863) announced that the U.S. Bankruptcy Court recently extended its exclusivity period to file a reorganization plan until February 1, 1997 and to solicit acceptances until April 2, 1997.

Long John Silver's Restaurants, Inc. (606-263-6000), which operates 1,481 quick-serve seafood restaurants, plans to close its divisional offices in Atlanta, GA; Dallas, TX; and Kansas City, MO in an effort to help the company get out of debt.

Phar-Mor, Inc. (216-746-6641) announced that it plans to reduce the size of 40 or 50 of its 102 stores in an effort to save money and make them more customer-friendly. The company plans to shrink the average size of its stores from 51,000 sq.ft. down to between 35,000 sq.ft. to 40,000 sq.ft. The company also plans to carry fewer products on the shelves, even though no major categories will be eliminated. The company is also planning to open seven stores in the coming 18 months.

Discount Auto Parts, Inc. (941-284-2010) reported that net sales for its fiscal year increased 21% to $307.5 million, compared to $253.7 million during FY95. Comparable store sales increased 4.9% for the year. Net income increased to $22.463 million from $20.563 million. During its fiscal year, the company opened 66 stores and currently operates 317 stores in AL, FL, GA and SC.

CSK Auto (602-265-9200) recently filed documents with the Securities and Exchange Commission to sell 6.7 million shares of stock in an effort to raise approximately $100 million that the company plans to use to repay debt. The company operates 570 stores in 14 Western states trading as Checker Auto Parts, Schuck's Auto Supply and Kragen Auto Parts.

House of Fabrics, Inc. (818-995-7000) announces that the Bankruptcy Court in Los Angeles, CA has confirmed its joint plan of reorganization and plans to emerge from bankruptcy by the end of this month. Since its filing, the company has closed 200 underperforming stores, disposed of surplus real estate and reduced its debt levels and operating expenses. The company currently operates 269 units trading as House of Fabrics, Sofro Fabrics, Fabricland and Fabric King in 34 states.

Ernst Home Center, Inc. (206-621-6700) recently filed for Chapter 11 protection. The company plans to close 25 of its 86 stores and reorganize around a core group of stores that have been historically profitable.

Kmart Corp. (810-643-1000) and DAKA International recently signed a letter of intent to form a joint venture to operate restaurants in Kmart and Super Kmart stores beginning in September. Under the agreement, DAKA will have a 51% ownership interest. The new company will operate all restaurants in existing Kmart and Super Kmart stores as well as all new stores opened during the initial 15-year term of the agreement. In another matter, Kmart announced that it plans to terminate its joint venture agreement to operate stores in Singapore. The partnership operates three Kmarts in Singapore. The two deals are part of Kmart's turnaround strategy to focus on its core discount business.

Lead Sheet

Masters, Inc.

Jerome Zelin

725 Summa Avenue

Westbury, NY 11590

516-997-8000, Ext. 279, Fax 997-2141

Apparel

The 30-unit chain operates locations in CA, CT, HI, MD, MI, MN, NV, NJ, NY, ND, OH, PA, SD, TX and Washington, D.C. The stores, which sell men's and women's apparel as well as linens and domestics, occupy spaces of 3,000 sq.ft. in regional malls and strip centers. Growth opportunities are sought nationwide.

Zan Ventures

dba Zans

Sammy Bar-Or

586 Route 17 North

Paramus, NJ 07652

201-251-8080, Fax 251-8037

Apparel

The seven-unit chain operates locations in NJ and NY. The women's apparel stores occupy spaces of 1,500 sq.ft. to 2,000 sq.ft. in regional malls. Preferred anchors include Lord & Taylor. Plans call for one opening in the coming 18 months. Expansion will take place in NJ. Preferred demographics include a population of 100,000 within five miles earning $50,000 as the average income. Leases running 12 years are typical.

Bridgestone/Firestone, Inc.

dba Firestone, American Tire & Service

Tom Lesher

2550 West Golf

Rolling Meadows, IL 60008

847-981-2377, Fax 981-2371

Automotive

The 1,500+-unit chain operates locations nationwide. The automotive service centers occupy spaces of 6,600 sq.ft. in freestanding facilities and end caps of strip centers. Growth opportunities are sought nationwide.

Neostar Retail Group

dba Software Etc., Babbage's

John Pawley

7505 Metro Boulevard

Minneapolis, MN 55439

612-893-7801, Fax 893-7308

Computers

The 700-unit chain operates locations nationwide. The stores, selling computer software and video games, occupy spaces of 1,200 sq.ft. to 1,800 sq.ft. in regional malls. Growth opportunities are sought nationwide.

Q-ZAR USA

dba Q-ZAR

Neil Farren

1701 North Market/ Suite 200

Dallas, TX 75202

214-741-1376, Fax 761-9461

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.f.t 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 150,000 within five miles.

Lot-Less Department Stores

dba Lot-Less

Raymond Cohen

683 Broad Street

Newark, NJ 07102

201-642-7059, Fax 642-5820

General Merchandise

The company operates one unit in NJ. The store, selling general merchandise at discount price-points, occupies a 5,000 sq.ft. space in a downtown store front. Growth opportunities are sought in NJ and NY.

The Brookstone Co.

dba Brookstone

Tom Carroll

c/o PP Real Estate

17 Riverside Street

Nashua, NH 03062

603-577-8185, Fax 577-8009

Gifts

The 147-unit chain operates locations nationwide. The specialty gift stores occupy spaces of 3,500 sq.ft. in regional malls. Preferred anchors include Ann Taylor and Williams Sonoma. Plans call for as many as 20 openings in the coming 18 months. Expansion will take place nationwide. The company, which typically signs 12-year leases, likes to locate its stores in densely populated, high income areas.

Bally Total Fitness

Paul Hechman

8700 West Brynmaur

Chicago, IL 60631

312-399-7600, Fax 399-0126

Health Club

The 310-unit chain operates locations nationwide. The health clubs occupy spaces of 25,000 sq.ft. in freestanding facilities, regional malls and strip centers. Growth opportunities are sought in major marketing areas nationwide.

Blinds To Go, Inc.

dba Blinds To Go

Nick Egelanian

c/o Site Works

One Tower Bridge/ Suite 850

West Conshohocken, PA 19428

610-941-2944, Fax 940-1135

Home Decor

The 40-unit chain operates locations in NJ, NY, PA, Ontario and Quebec, Canada. The stores, which sell all types of window coverings, occupy spaces of 3,000 sq.ft. to 4,000 sq.ft. in freestanding facilities. Preferred anchors include Home Depot, ColorTile and other home furnishing stores. Plans call for 40 openings in the coming 18 months. Expansion will take place in PA, MI, MD, NY, Washington, D.C. and Ontario, Canada. Preferred demographics include a population of 200,000 within five miles earning at least $35,000 as the average household income. Leases running 10 years with three options running five-years each are typical.

D&K Stores, Inc.

dba D&K Stores

William Dweck

2125 Highway 35

Oakhurst, NJ 07755

908-493-9292, Fax 493-4180

Housewares

The 100-unit chain operates locations in MD, NJ, NY and PA. The stores, selling housewares and linens, occupy spaces of 5,000 sq.ft. to 7,000 sq.ft. in downtown store fronts and strip centers. Plans call for 25 openings in the coming 18 months. Expansion will take place in the existing markets.

Jaded

Joseph Curto

1048 Madison Avenue

New York, NY 10021

212-288-6631, Fax 288-6737

Jewelry

The company operates one unit in NY. The high-fashion jewelry store is seeking spaces running 500 sq.ft. to 900 sq.ft. in regional malls. Growth opportunities are sought in the existing market.

Sterling Vision, Inc.

dba Sterling Optical

Jerry Darnell

1500 Hempsted Pike

East Meadow, NY 11554

516-887-2100, Fax 390-2110

Optical

The 334-unit chain operates locations in CA, CO, FL, IL, IN, MA, MD, MO, NJ, NY, PA, VA and WI. The stores, selling eyewear and contact lenses, occupy spaces of 1,100 sq.ft. to 1,500 sq.ft. in regional malls, power and strip centers. Preferred anchors include T.J. Maxx and Wal*Mart. Plans call for as many as 50 openings in the coming 18 months. Expansion will take place nationwide. Preferred demographics include a population of 30,000 within 10 miles earning $40,000 as the average income. Leases running 10 years are typical and the company is franchising.

Pet Food & Supplies, Inc.

dba Pet People

Sam Borgese

c/o Corporate Realty Partners, Inc.

1201 Camino Del Mar #209

Del Mar, CA 92014

619-755-1325, Fax 755-2420

Pet Store

The eight-unit chain operates locations in CA. The stores, selling pet food and supplies, occupy spaces of 3,000 sq.ft. to 3,500 sq.ft. in strip centers. Preferred anchors include supermarkets. Plans call for 10 openings in the coming 18 months. Expansion will take place in CA. Preferred demographics include a population of 100,000 within three miles. Leases running five years, with two options of five-years each, are typical and the company cites Petco as competition.

Ritz Camera Centers, Inc.

dba Ritz Camera One Hour Photo

Lawrence Benbassett

6711 Ritz Way

Beltsville, MD 20705

301-419-0000, Fax 210-4623

Photo

The 600+-unit chain operates locations nationwide. The stores, which sell cameras, accessories and film as well as offer photo processing services, occupy spaces of 1,400 sq.ft. to 2,000 sq.ft. in regional malls. Plans call for as many as 40 openings in the coming 18 months. Expansion will take place nationwide.

Hess Shoes

George Bernstein

7243 Ambassador Road

Baltimore, MD 21244

410-298-5555, Fax 298-6906

Shoes

The 19-unit chain operates locations in MD, VA and Washington, D.C. The stores, selling footwear and accessories, occupy spaces of 10,000 sq.ft. to 12,000 sq.ft. in super-regional malls. Plans call for two openings in the coming 18 months. Expansion will take place in the Eastern region.

Nike, Inc.

dba Nike Factory Outlet

Paul McGuire

One Bowerman Drive

Beaverton, OR 97005

503-641-6453, Fax 671-6366

Shoes

The 38-unit chain operates locations in AL, CA, FL, MA, MI, MO, OR, PA, TN, TX, WV and WI. The stores, selling athletic footwear and apparel, occupy spaces of 5,000 sq.ft. to 15,000 sq.ft. in downtown store fronts and outlet centers. Growth opportunities are sought nationwide.

Master Glazier Karate

Neil Goldstein

c/o The Goldstein Group

2100 Route 208

Fairlawn, NJ 07410

201-703-9700, Fax 703-9678

Specialty

The nine-unit chain operates locations in NJ, NY and PA. The karate schools occupy spaces of 3,000 sq.ft. to 8,000 sq.ft. in freestanding facilities, power and strip centers. Preferred anchors include discount tenants, movie theaters and supermarkets. Plans call for as many as 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 $35,000 as the average income. Leases running 10 years, with options, are typical.

Tekno-Comix

Jim Trindade

2255 Glades Road/ Suite 237

Boca Raton, FL 33431-7383

407-998-8000, Fax 998-2974

Specialty

The 25-unit chain operates locations in FL, GA, IN, MA, MD, MN, NV, NJ, NY, TX, VA and WV. The stores, selling comic books and entertainment related merchandise, occupy spaces of 162 sq.ft. in regional malls. Plans call for 50 openings in the coming 18 months. Expansion will take place nationwide.

Turner's Outdoorsman

Shirl Andrews

12615 Colony Street

Chino, CA 91710

909-590-7425, Fax 590-7916

Sporting Goods

The 12-unit chain operates locations in CA. The stores, selling fishing and hunting equipment and apparel, occupy spaces of 6,000 sq.ft. in freestanding facilities, power, specialty and strip centers. Growth opportunities are sought in AZ, CA and NV.

Alfalfa's Market

S.M. Hassan

1645 Broadway

Boulder, CO 80302

303-440-5220, Fax 440-5280

Supermarket

The 11-unit chain operates locations in CO, NM, WA and Canada. The supermarkets, which specialize in natural foods, occupy spaces of 20,000 sq.ft. in freestanding facilities and strip centers. Growth opportunities are sought in the existing markets.

Lot Stores, Inc.

dba Lot Stores

Scott Dweck

6 Sutton Place

Edison, NJ 08817

908-248-6666, Ext. 103, Fax 248-0605

Variety

The 31-unit chain operates locations in MD, NJ, NY, PA and Washington, D.C. The variety stores, selling apparel, household items, hardware and hard goods, occupy spaces of 4,000 sq.ft. to 8,000 sq.ft. in downtown store fronts, regional malls and strip centers. Preferred anchors include Caldor, Kmart and Wal*Mart. Plans call for 12 openings in the coming 18 months. Expansion will take place in the existing markets. Preferred demographics include a population of 20,000 within one mile earning $25,000 or less as the average household income. Leases running 10 years, with two options running five years each, are typical.

20/20 Video

Morris Shab

1901 South Pontius Avenue

Los Angeles, CA 90025

310-829-2020, Fax 445-0935

Video

The 18-unit chain operates locations in CA. The video stores occupy spaces of 4,000 sq.ft. to 6,000 sq.ft. in freestanding facilities. Growth opportunities are sought in the existing markets.

Advantage

Brian Robinson

315 Smith Street

Farmingdale, NY 11735

516-777-1500

Wholesale Club

The three-unit chain operates locations in NY. The wholesale clubs occupy spaces of 22,000 sq.ft. in strip centers. Growth opportunities are sought in the existing market.

Exclusives: Leasing & Management Assignments

Metro Commercial Real Estate, Inc. (609-866-1900) has been named the exclusive leasing agent for Home Depot Plaza in Bensalem, PA. The 307,000 sq.ft. project is anchored by Home Depot, Acme Supermarkets, Baby Superstore and AMC Theaters.

CB Commercial Real Estate Group, Inc. of Denver, CO (303-628-7400) has been named the exclusive representative for the expansion of Video Update in Colorado. The company is looking to open freestanding stores in the Denver, CO market ranging in size from 5,000 sq.ft. to 7,000 sq.ft. in centers anchored by supermarkets, drug stores, Target or Wal*Mart.

AmCap Properties, Inc. (303-321-1500) has been named the exclusive leasing and management agent for Arapahoe Village Shopping Center in Boulder, CO. The 159,000 sq.ft. project is anchored by Safeway, Mann Theaters, Talbots and Pier One.

Zell Commercial Real Estate Services, Inc. (602-248-0600) has been named the leasing and managing agent for Foothills Park Place in Phoenix, AZ. The 314,468 sq.ft. project is anchored by Albertson's, Kmart and Michael's. The company was also named the property management agent for Country Club Plaza in Mesa, AZ. The 112,429 sq.ft. project is anchored by Bookman's and Drug Emporium.

Space Place

Maryland

Ellicott City- A 2,640 sq.ft. former Duron Paints & Wallcoverings store is available for sublease. The project fronts Baltimore National Pike which generates a daily traffic count of 45,000 vehicles. In Rockville- College Plaza is anchored by Shoppers Food Warehouse. The 110,119 sq.ft. project has a 3,000 sq.ft. former Duron Paints & Wallcoverings store available for sublease. The project fronts Frederick Road which generates a daily traffic count of 60,000 vehicles. In Towson- A 37,813 sq.ft. project is anchored by Frank's Nursery & Crafts and Duron Paints & Wallcoverings. The 37,813 sq.ft. project has a 2,246 sq.ft. space available for sublease from Duron Paints. The site fronts East Joppa Road which generates a daily traffic count of 35,000 vehicles.

For details, contact Eddie Trujillo of Duron Paints & Wallcoverings at (301-931-3857), Fax (937-4371).

Odenton- Academy Crossing, which is scheduled to open during Spring 1997, has spaces of 1,200 sq.ft., 3,800 sq.ft. and 8,000 sq.ft. available for lease. The site is located near Odenton Shopping Center and at an intersection leading to 6,000 new homes.

For details, contact Stuart Title of AJ Properties, Inc. at (410-551-9116), fax (551-9040).

New Jersey

Mount Holly- Fair Ground Plaza is anchored by Acme Supermarket, Rickel Home Center and Fashion Bug. The 180,000 sq.ft. project has spaces of 1,800 sq.ft., 16,065 sq.ft. and 25,200 sq.ft. as well as a 3,000 sq.ft. pad site available for lease. Demographics include a five-mile population of 68,606 earning $56,941 as the average household income.

For details, contact Matt Harding of Paul Lawrence Realty Associates at (908-757-4900).

North Carolina

Hickory- Hickory Plaza is anchored by United Artists Theaters, Big Lots, Dollar General and Radio Shack. The 175,000 sq.ft. project has spaces of 750 sq.ft. and 5,220 sq.ft. available for lease. Demographics include a five-mile population of 129,456 earning $42,112 as the average household income.

For details, contact Matt Harding of Levin Management Corp. at (908-755-2401).

Ohio

Mason- The Shoppes of Mason is anchored by Kroger. The 80,080 sq.ft. project has spaces from 1,400 sq.ft. to 6,000 sq.ft. available for lease. The site is located at the intersection of Kings Mills Road and S.R. 741.

For details, contact Midland Group at (513-891-2323).

Tennessee

Nashville- Bellevue Center is seeking retailers who specialize in men's apparel, ice cream/yogurt, games/toys and stationary. Demographics include a 15-mile population of 436,436 earning $52,513 as the average income.

For details, contact Andrew Eddy of Shopco Management Corp. at (615-646-5400, Ext. 25).

Virginia

Alexandria- The Shops at Mark Center is anchored by Giant Food and CVS. The 62,000 sq.ft. project has 20,000 sq.ft. available for lease. Demographics include a three-mile population of 187,500 earning $66,044 as the average household income.

For details, contact David Fisher or Alyssa Cannon of The Mark Winkler Company at (703-998-0400).

Norfolk- Little Creek East is anchored by Rose's, Nu Home and Tricare Prime. The 232,000 sq.ft. project has spaces of 1,770 sq.ft., 9,840 sq.ft. and 18,000 sq.ft. available for lease. Demographics include a three-mile population of 65,929 earning $34,938 as the average income. The site is located near Roosevelt Gardens Shopping Center. Also in Norfolk- Roosevelt Garden Shopping Center is anchored by Drug Emporium. The 106,681 sq.ft. project has spaces of 1,080 sq.ft., 3,960 sq.ft. and 20,770 sq.ft. available for lease.

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

Buyers & Sellers of Commercial Real Estate

Bryant Development Corp., Inc. recently acquired Village Square Shopping Center in Myrtle Beach, SC. The 184,000 sq.ft. project is anchored by Winn-Dixie, Bud's, Revco, Hamrick's and Hooters. The seller was United Dominion Realty.

For more information, contact Bryant Development Corp. at (203-863-0600).

Sheldon Good & Company has the listing to offer the 230,000 sq.ft. Hills and Dales Shopping Center in Kettering, OH at a public auction. All of the tenants have month-to-month leases. The current annual income is $400,164. The minimum bid is $1.6 million.

For more information, contact Sheldon Good & Company at (312-630-0915).

The Carlton Group, Ltd. will host an auction of 86 surplus land and retail sites from several regional and national petroleum and convenience store corporations. The properties will be offered in a sealed-bid format with bids due at The Carlton Group's offices by August 27. All of the sites were either former petroleum stations or land-bank investments that were not developed. The properties, which range in value from $5,000 to $900,000 are located in FL, OH, WV, WI, MN, NY, IL, KY, MI, MO, PA, SD, TN, VA and Washington, D.C.

For more information, contact The Carlton Group at (800-418-2100).

Property Resources brokered the sale of Morehead Station Shopping Center in Charlotte, NC. The 25,428 sq.ft. project is anchored by El Cancun Mexican Restaurant and Read's Uniforms.

For more information, contact Brian Grabowski at (919-831-9090).

Falcon Realty Advisors represents twelve 1031 and 1033 buyers seeking net leased properties nationwide. Specifically, the investors are seeking fee simple unsubordinated ground leases; single tenant net leased property; development opportunities with leases in place; anchored shopping centers and income property in FL.

For more information, contact Matthew Falconer at (407-295-8555), Fax (295-2899).

Banyan Hotel Investment Fund recently executed a letter of intent to acquire a portfolio of shopping centers located throughout the Southwestern region, encompassing 2.6 million sq.ft. The purchase price is $80 million. The transaction is expected to close during the fourth quarter.

For more information, contact Morton Kalb at (212-736-7880).

Harvey Lindsay Commercial Real Estate represented Haynes Furniture Company, Inc. in its purchase of Kmart's leasehold in Norfolk, VA.

For more information, contact Glenn Gibson at (804-640-8221).

The Rubin Companies, Inc. recently acquired ABCO Plaza Shopping Center in Phoenix, AZ for $2.4 million; Pueblo Pointe Shopping Center in Phoenix, AZ for $3.9 million and Westside Plaza Shopping Center in Phoenix, AZ for $2 million.

For more information, contact Daniel Rubin at (602-468-3120).

Grubb & Ellis Commercial Real Estate Services brokered the sale of four acres of land at the Irvine Specturm in Irvine, CA. The seller was The Irvine Co. and the buyer was Caliber Retail Properties Group and Dynamics Builders, Inc. who plan to build a 39,000 sq.ft. auto care center on the site. A February 1997 opening in planned.

For more information, contact Alan Airth or Jim Cunningham at (714-833-2900).

Correction

In the July 17 issue of The Dealmakers the buyer of the Keosippi Mall in Keokuk, IA was incorrectly reported as Rouse Development. Cohen & Company, Inc. Real Estate, which brokered the sale, did not disclose who the buyer was. For more information, contact Cohen & Company at (212-679-1222).