Issue Number 3 for the week of January 31, 1997
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The Dealmakers Issue Number 3 for the week of January 31, 1997.

Automobile Retailers Seeking Sites Nationwide

Precision Tune, Inc. trades as Precision Tune at 548 locations worldwide. The automobile service centers occupy spaces of 3,000 sq.ft. in freestanding facilities and strip centers. Plans call for 100 openings in the coming 18 months. Expansion will take place nationwide. Leases running 10 years are typical.

For more information, contact William Carroll, Precision Tune, Inc., PO Box 5000, Leesburg, VA 22075; 703-777-9095, Fax 779-0136.

Southeast Petroleum Corp. does business as Speedy Lube at 15 locations in IL, IN and WI. The stores, offering 10 minute oil changes, occupy spaces of 1,200 sq.ft. in freestanding facilities. Preferred anchors include Wal*Mart. Growth opportunities are sought in the existing markets. Preferred demographics include a population of 30,000 within two miles earning $35,000 as the average income. Leases running 10 years, with two 10-year options, are typical.

For more information, contact John Tyson, Southeast Petroleum Corp., PO Box 1385, Waukesha, WI 53187-1385; 414-524-7951, Fax 524-7950.

Spot Not Car Washes operates 27 locations in AZ, IL, IN, MO and WI. The car washes occupy freestanding facilities on land areas running 45,000 sq.ft. Plans call for as many as four openings in the coming 18 months. Expansion will take place in AZ and IL.

For more information, contact Forrest Uppendahl, Spot Not Car Washes, 2011 West Fourth Street, Joplin, MO 64801; 417-781-2140, Fax 781-3906.

Champion Auto Stores, Inc. trades as Champion Auto Stores at 180 locations in CO, ID, IA, MI, MN, MT, NE, ND, SD, WI and WY. The stores, selling automotive parts and accessories, occupy spaces of 5,000 sq.ft. to 6,000 sq.ft. in freestanding facilities and strip centers. Growth opportunities are sought in CO, IA, MN, MT, NE, ND, SD and WI.

For more information, contact Mark Wold, Champion Auto Stores, Inc., 9353 Jefferson Highway, Maple Grove, MN 55369; 612-391-6655.

Econo Lube 'N Tune operates 228 locations in AZ, CA, CO, FL, GA, KS, MD, MO, NV, NC, OK, OR, SC, TX, UT, VA and WA. The stores, offering quick-change oil and lube services as well as tune ups, occupy spaces of 2,800 sq.ft. in freestanding facilities, regional malls, power and strip centers. Preferred anchors include Kmart, Target and Wal*Mart. Plans call for 50 openings in the coming 18 months. Expansion will take place in FL, KS, NC, OK, OR, SC, UT and Washington, D.C. Preferred demographics include a population of 50,000 within three miles earning $35,000 as the average income. The company prefers build to suit deals or to purchase its sites and looks for locations having a daily traffic count of 25,000 vehicles.

For more information, contact Mark Paredes, Econo Lube 'N Tube, PO Box 2470, Newport Beach, CA 92658; 714-851-2259, Fax 852-6688.

 

Buyers & Sellers of Commercial Properties

Jeffrey Realty has the listing to sell the former Karins Kurtains building on Route 17 North in Paramus, NJ. The freestanding 24,000 sq.ft. building has 15,000 sq.ft. vacant and is ideal for a general investment or a 1031 tax exchange. The company recently brokered the sale of a former 1001 Autoparts store in Lodi, NJ. The 16,000 sq.ft. site was leased by the new owner to Strauss Discount Auto.

For more information, contact Roy Pascal or Howard Goldstein at (908-668-9600).

CB Commercial Real Estate Group, Inc. represented Wells Fargo Bank in its sale of Antelope Plaza Shopping Center, a 22,000 sq.ft. retail center in Citrus Heights, CA and The Plaza at Williams Centre, a 108,905 sq.ft. upscale retail center in Tucson, AZ. The company also represented Bouquet-Seco Partners, Ltd. in its sale of Santa Clarita Place, a 114,580 sq.ft. project in Santa Clarita, CA.

For more information, contact Bob Conley at (213-613-3695).

CBL & Associates Properties, Inc. recently acquired Sutton Plaza is Mount Olive, NJ for $5.7 million. The 122,027 sq.ft., 100% occupied project is anchored by A&P Supermarket and Ames.

For more information, contact John Foy at (423-855-0001).

National Realty & Development Corp. recently acquired Laneco Shopping Center in Franklin Township, NJ. The 227,000 sq.ft. project is anchored by a 59,200 sq.ft. Laneco Supermarket. The company recently leased the 116,560 sq.ft. former Laneco department store site to Wal*Mart. Plans for the center include adding an additional anchor store, small shop space and a freestanding building. When completed the center's GLA will increase to 260,000 sq.ft.

For more information, contact Clifford Simon at (800-932-7368).

Investment Management Associates, in cooperation with Maddux Company, brokered the sale of a 45,000 sq.ft. neighborhood shopping center in Kendall, FL. The property was acquired after foreclosure on the property by First Union Bank. IMA plans to manage and lease the project as well as renovate and remerchandise the project to include more national and regional tenants.

For more information, contact Ray Walsh at (305-661-0110).

Weingarten Realty Investors recently acquired Market at Town Center in First Colony, TX. The 383,000 sq.ft. project, which is located near First Colony Mall, is anchored by Marshall's, Ross, Linens 'N Things, Old Navy, Venture, Barnes & Noble and Pier 1 Imports. The site was purchased from Sugarland Properties for approximately $40 million.

For more information, contact Weingarten Realty at (713-866-6000).

Belz Park Place, LP, a division of Belz Enterprises, recently acquired Park Place Mall in Memphis, TN from American National Insurance Co. for $4.5 million. Belz plans to completely renovate the 150,000 sq.ft. project, of which 100,000 sq.ft. is vacant. Plans also include transforming the project from a mall to a strip center.

For more information, contact Belz Enterprises at (901-767-4780).

Regency Realty Corporation recently acquired Cambridge Square in Atlanta, GA. The 68,725 sq.ft. project is anchored by Winn-Dixie and Big B and was acquired for $3.8 million. The company also recently acquired Town Center at Martin Downs in Stuart, FL. The 64,546 sq.ft. project is anchored by Publix and was acquired for $6.25 million.

For more information, contact Bruce Johnson or Brenda Paradise at (904-356-7000).

Mile High Realty Advisors brokered the sale of Gateway Plaza Shopping Center in Aurora, CO. The 101,048 sq.ft. project was sold for $6.785 million.

For more information, contact Richard Schierburg or Richard Will at (303-832-0817).

Henry S. Miller Commercial Realty has the listing to sell a freestanding 87,675 sq.ft. Kmart near Dallas, TX. The tenant pays $2 sq.ft. rent and the triple net lease runs until 2004. The asking price is $1.595 million.

For more information, contact Robert Lamm at (972-419-4055).

The Carlton Group, Ltd. has the listing to sell four properties in Chelsea, NY. The one, three and six story buildings contain over 130,000 sq.ft. space and include two landmark buildings in Chelsa, London Terrace and Chelsea Piers. The buildings lie along West 23rd and West 24th Street, between 10th and 11th Avenue. Three of the four buildings are connected internally to form a "U" shape and provide a combined frontage of 200 feet. The buildings, which will be delivered vacant, are ideal for a wide range of uses including retail and restaurants. The asking price for the assemblage is $22 million.

For more information, contact Ruth Barone at (212-545-1000), Fax (545-8110).

Colliers Macauley Nicolls brokered the sale of Alexander Center in Bremerton, WA. The 21,656 sq.ft. project was purchased by a local investor for $1 million. At the time of the sale the project had two vacancies that were former Color Tile and Schuck's stores.

For more information, contact Erin Conger or Frank Friedman at (206-223-0496).

MBK Real Estate Ltd. recently sold Jantzen Beach SuperCenter in Portland, OR to Compass Retail for $76 million which includes a one-year agreement for MBK Northwest to remain as manager and leasing agent for the project. The 775,000 sq.ft. project is anchored by Barnes & Noble, Boater's World, Circuit City, Computer City, Copeland's Sports Superstore, The Good Guys!, The Home Depot, Kmart, Linens 'n Things, Montgomery Ward, Old Navy, Pier 1 Imports, R.E.I., Ross, Staples, Toys 'R Us and Sleep Country USA. MBK acquired the property in 1995 from Prudential Insurance Company for $18 million and began a $55 milion redevelopment of the site. A grand opening was held during August 1996.

For more information, contact Michael Voss at (714-753-9533).

Stop & Shop recently sold 27 neighborhood and communuity shopping centers to GPB Real Estate Holdings LLC Realty Trust for $95 million. The centers, which have 1.6 million sq.ft. of space combined, are located in CT, MA, NJ and RI.

For more information, contact Stop & Shop at (617-380-8000).

Marc Realty has the listing to sell a 3,000 sq.ft. retail property in downtown Millburn, NJ. The property is leased to two retailers and shows an NOI of $48,000. The asking price is $415,000.

For more information, contact Marc Scwhartz at (908-219-6767).

 

Store Closings

The Cato Corporation (704-554-8510) plans to close 37 unprofitable stores, representing five percent of its total store count, during its fourth quarter. The company also announced plans to open smaller stores and relocate as many as 15 stores during 1997.

ABCO Markets (602-222-1600) plans to close six supermarkets in AZ before the end of next month. The company, which is building new stores and retrofitting existing stores into its Desert Market format, decided to close these six store rather than retrofit them because they have been unprofitable. The stores being closed are located in Glendale, Phoenix (2), Scottsdale (2) and Tempe. Following the closings, the company will operate 53 units in AZ.

Hills Department Stores, Inc. (412-378-0511) plans to close eight department stores during the first quarter of 1997. The stores being closed are unprofitable and have combined annual loses exceeding $5 million. The stores being closed are located in High Point, Statesville, Wilson and Winston-Salem, NC; Hampton and two locations in Richmond, VA and in Hamilton, OH. Following the closings, the company will operate 157 stores in 12 states.

Tower Records (916-391-6001) plans to close its store at Lincoln Plaza in Tacoma, WA. Although the store was holding its own, its high rent didn't justify renewing the lease which is about to expire.

 

Who's Opening and Where...

Tandy Corp. (817-390-3011) plans to open 1,000 Radio Shack outlets in the coming five years through its Radio Shack Select program at existing hardware, video, office supply, grocery and auto parts stores in small towns throughout the United States. The Radio Shack Select program is designed to attract new dealers in cities and towns that are not located near a Radio Shack store. The program gives a store-owner the opportunity to stock and sell 1,700 of Radio Shack's best selling products as well as the ability to order more than 100,000 items from the company's mail-order program. The space required will be approximated 400 sq.ft. and the initial investment will be less than $60,000. A Radio Shack sign would also be added to the store's existing sign. In developing this program, Radio Shack is looking to increase its market share. Currently, 94% of all Americans live or work within five minutes of a Radio Shack. The goal is to increase that figure to 97%.

Aid Auto Stores, Inc. (516-338-7889) plans to open a 6,000 sq.ft. auto parts store in the Bronx, NY during March. It is the company's first location in the Bronx and 21st in the chain.

Stage Stores, Inc. (713-669-2761) plans to open a store at a former J.C. Penney site in downtown Newton, KS during March.

Boston Chicken, Inc. (303-384-5172) recently formed a new company called Boston Market International, Inc. to develop as many as 600 Boston Market restaurants in China and Taiwan in the coming years. The newly formed company recently signed a letter of intent with John Sun, an experienced restaurant developer and operator who has developed McDonald's and TGI Friday's restaurants in Taiwan and China. The first Boston Market unit is expected to open in Taipei, Taiwan during late 1997 or early 1998.

Abercrombie & Fitch (614-479-7000) plans to open an 8,000 sq.ft. store in downtown Lawrence, KS during August.

Target (612-304-6099) plans to open a store in Idaho Falls, ID during March.

OfficeMax, Inc. (216-295-6411) plans to open a 23,500 sq.ft. store at a former Giant Food Stores location at Carlisle Plaza Mall in Carlisle, PA during late Spring.

Belk Stores (704-357-1000) plans to open seven stores during 1997. Included in those plans are a 6,100 sq.ft. junior's and young men's shop at a former Eckerd Drug location at Cleveland Mall in Shelby, NC where the company operates an 87,000 sq.ft. department store. The unit is expected to open during Fall. Other openings will include a 140,000 sq.ft. unit at Friendly Shopping Center in Greensboro, NC during Spring; a 51,000 sq.ft. unit at Premiere Place in Prattville, AL during Summer; a 60,000 sq.ft. store at Riverstone Plaza in Canton, GA during Fall; a 70,000 sq.ft. store at Carrollton Center in Carrollton, GA during Summer; a 60,000 sq.ft. store at Main Street Shopping Center in Cartersville, GA during Summer and a 90,000 sq.ft. unit at Town and Country Plaza in Easley, SC during Fall.

The Home Depot (770-433-8211) recently broke the 500-store plateau when it opened stores in Schenectady, NY; Waterbury, CT; Gurnee, IL; Geneva, IL and Everett, WA earlier this month. The openings give the company 504 stores in 38 states and three Canadian provinces. The company's goal is to be operating more than 1,000 stores nationwide by the year 2000.

Nordstrom (206-628-2111) plans to open a 180,000 sq.ft. store at Mission Veijo Mall during 1999.

Blockbuster Entertainment (954-832-3000) plans to open its first Entertainment Store in Chicago, IL during April. The store, similar to a Disney Store or Warner Brothers Studio Store, will stock merchandise from Viacom's MTV, VH1 and Nickelodeon television channels as well as merchandise from Paramount television programs and movies. Additional Entertainment Stores are planned with locations expected to be announced during April.

Pat O'Brien's Bar (504-582-6910), a New Orleans, LA icon, is planning to expand its concept in major cities and tourist destinations nationwide. Cities being considered for sites include Las Vegas, NV; Los Angeles and San Francisco, CA; Memphis and Nashville, TN; Miami, FL; Myrtle Beach, SC and San Antonio, TX.

West Coast Entertainment (215-677-1000) recently opened an 8,000 sq.ft. prototype store in Huntington Valley, PA. The store features better displays, a coffee shop, armchairs and computer terminals with Internet access. Also featured are areas where people can get movie information from computer terminals and tryout video games. The company is also testing its new price structure at the store. The store even has its own web site: http://www.huntingdon.moviebuff.com.

 

Exclusives: Leasing & Management Assignments

Keen Realty Consultants (516-482-2700) and Doppelt & Company (216-464-2709) have been retained by Fretter, Inc. in its Chapter 11 bankruptcy proceedings to advise the company in the disposition of its remaining real estate holdings. Available to users and investors are 43 fee-owned sites in CO, FL, IL, IN, MA, MI, OH and WY. The locations range in size from 8,500 sq.ft. to 32,000 sq.ft. with a 143,000 sq.ft. distribution facility available in Bedford Park, IL and a 185,000 sq.ft. distribution facility available in Brighton, MI. All sites may be sold individually or in packages.

Garrick-Aug Associates Store Leasing, Inc. (212-557-9090) has been retained as the exclusive real estate representative for the redevelopment of The East Haven Shopping Center in East Haven, CT. Up to 80,000 sq.ft. of space will be renovated at the Toys 'R Us anchored project where Bradlees once operated. The company has been retained as the exclusive real estate representative for North Street Shopping Center in Danbury, CT. Plans call for demolishing part of the 200,000 sq.ft. project to make room for a 65,000 sq.ft. A&P Supermarket. Current anchors include Burlington Coat Factory, Radio Shack and Brooks Pharmacy. A 30,000 sq.ft. end-cap space is also available for lease.

Koll/Crowley Retail Group (714-857-7940) has been awarded the leasing and sales responsibilities for the Westminster Shopping Center in Westminster, CA by Summit Commercial which purchased the project last month. The contract calls for remerchandising the 450,000 sq.ft. power center and the sale of several pad sites. The project is anchored by Lucky's, Home Depot, Edwards Cinema, Thrift Drugs and Bank of America.

The Hausman Companies (216-464-5900) has been appointed by Sun Television & Appliances, Inc. as the exclusive representative for the disposition of four Sun TV properties in the Dayton/Springfield, OH market. Sun recently announced that they would be closing the stores by March 1. The stores range in size from 40,000 sq.ft. to 50,000 sq.ft. The company is also the exclusive agent for the disposition of a 25,000 sq.ft. Sun TV store in Canton, OH and a 38,000 sq.ft. Sun TV store in North Randall, OH. These properties are available due to Sun's decision to relocate to larger facilities in the area.

 

Lease Signings

Garrick-Aug Associates (212-557-9090) leased 70,000 sq.ft. to B&H Photo at Ninth Avenue between 33rd and 34th Streets in Manhattan, NY; 5,000 sq.ft. to Cosmetics Plus at the Port Authority Terminal in New York, NY; 20,000 sq.ft. to Manhattan Athletic Club, 6,400 sq.ft. to Bank of New York, 2,500 sq.ft. to Bank of India, 1,500 sq.ft. to Tinder Box International, 5,000 sq.ft. to Canova Restaurant and 2,000 sq.ft. to Cafe Europa on the ground floor at 277 Park Avenue, a 1.76 million sq.ft. office building in Manhattan, NY and 2,500 sq.ft. to Travel 2000 at 380 Madison Avenue in New York, NY.

Property Resources (919-831-9090) leased space to Triangle 30-Minute Photo at Cross Creek Shopping Center in Durham, NC.

Equity Attainment, Inc. (630-325-3200) leased an outlot space to Wendy's Old Fashioned Hamburgers at Lemont Plaza in Lemont, IL.

Investment Management Associates (305-661-0110) leased 2,100 sq.ft. to Birds of Paradise at West Bird Shopping Center in Miami, FL.

Faison Orlando (407-425-9700) leased 6,500 sq.ft. to Gator's Dockside at Waterford Lakes Village Shopping Center in East Orlando, FL.

Glimcher Group (412-765-8079) leased space to Fancy Nails at Hermitage Hills Plaza in Sharon, PA; space to Davidson Supply, Exclusively Nails and Mattress Department at Tri-County Plaza in Pittsburgh, PA; space to Goodwill Industries at Clarksburg/Terrace Plaza in Pittsburgh, PA and 30,000 sq.ft. to Tractor Supply Company at Elmhurst Plaza in Warren, OH.

Flocke & Avoyer (619-280-2600) leased 15,000 sq.ft. to In N' Out Burgers at The Glasshouse Square Shopping Center in San Diego, CA; 1,444 sq.ft. to Airtouch Cellular at Rosecrans Center in Point Loma, CA; 5,790 sq.ft. to La Jolla Patio and Mattress in San Diego, CA; 2,177 sq.ft. to Fairlane Cleaners at Terra Nova Plaza in Chula Vista, CA and 40,075 sq.ft. to Texaco Refining and Marketing at Rancho Penasquitos Towne Centre Shopping Centre III in Rancho Penasquitos, CA.

Jeffrey Realty (908-668-9600) leased 6,530 sq.ft. to Ruby Tuesday at The Plaza at Woodbridge in Woodbridge, NJ.

Michael Salove Company Commercial Real Estate (610-664-8100) leased 8,000 sq.ft. to Bryn Mawr Stereo & Video adjacent to Quaker Bridge Mall in Lawrenceville, NJ and 9,984 sq.ft. to Bryn Mawr Stereo & Video at Parkview Plaza Shopping Center in Lancaster, PA.

Burnham Pacific Properties, Inc. (619-652-4700) leased space to Albertson's at Navajo Shopping Center in San Diego, CA.

Levin Management Corp. (201-533-1100) leased 35,000 sq.ft. to JoBelle's at Hickory Plaza in Hickory, NC; 9,257 sq.ft. to Catherine's Stores at West Orange Plaza in West Orange, NJ; 8,500 sq.ft. to Western Auto at Capitol Plaza in Ewing, NJ; 2,200 sq.ft. to K&S Market at Somerset Shopping Center in Bridgewater, NJ and 1,800 sq.ft. to Gymboree in Ridgewood, NJ.

Mid-Atlantic Realty Trust (410-684-2000) leased 38,800 sq.ft. to the State of Maryland, Department of Education, Disability Determination Services Unit at Timonium Mall in Linthicum, MD.

Mid-America Real Estate Corp. (630-954-7300) leased 1,100 sq.ft. to Caribou Coffee at the Xerox Building in Chicago, IL.

Breslin Realty Development Corp. (516-741-7400) leased space to American Fitness at SunVet Mall in Holbrook, NY.

CBL & Associates Properties, Inc. (423-855-0001) leased 24,000 sq.ft. to Staples and 14,810 sq.ft. to Old Navy Clothing Co. at The Terrace in Chattanooga, TN.

United Commercial Realty (214-526-6262) leased four spaces to Blockbuster Video. The sites include 6,000 sq.ft. at Camp Wisdom Village in Duncanville, TX; 5,845 sq.ft. at Dalrich Village Shopping Center in Richardson, TX; 6,500 sq.ft. at Skillman/Abrams Shopping Center in Dallas, TX; and 6,500 sq.ft. in Mansfield, TX.

Kaplan Real Estate Co. (314-652-7000) leased 1,280 sq.ft. to Veterinary Care Group, 1,000 sq.ft. to Smoke Shack, 2,252 sq.ft. to Small World Cellular and 1,440 sq.ft. to Traffic Law Center at Shamrock Center in Florissant, MO; 2,584 sq.ft. to St. Louis Metro Treatment Center and 1,440 sq.ft. to Majors Medical Supply at Woodson Hills Shopping Center in Woodson Terrace, MO; 1,400 sq.ft. to Weight Watchers, 1,400 sq.ft. to Superstar Rent-A-Car and 5,600 sq.ft. to Work Link Tele-commuting Center at Cave Springs Square Shopping Center in St. Peters, MO and 10,000 sq.ft. to Workout America in Fenton, MO.

Koll/Crowley Retail Group (714-857-7940) leased 800 sq.ft. to Molcasalsa Mexican Food International, Inc. for an Alberto's Mexican Food restaurant at Bell Gardens Marketplace in Bell Gardens, CA.

 

Lead Sheet

Bachrach Clothing, Inc.

dba Bachrach

Jim Heffernan

One Bachrach Court

Decatur, IL 62526

217-875-1020, Fax 875-0030

Apparel

The 80-unit chain operates locations nationwide. The men's apparel stores occupy spaces of 5,000 sq.ft. in regional malls. Plans call for as many as 15 openings in the coming year. Expansion will take place nationwide. Leases running 10 years are typical.

Maurices

Mark Robillard

105 West Superior Street

Duluth, MN 55802

218-727-8431, Fax 720-2102

Apparel

The 600+-unit chain operates locations nationwide, with the exception of the deep South. The stores, selling junior, men's and women's clothing, occupy spaces of 2,500 sq.ft. to 5,500 sq.ft. in regional malls and strip centers. Preferred strip center anchors include Wal*Mart and at least three anchor stores are sought for mall locations. Plans call for 50 openings in the coming 18 months. Expansion will take place nationwide, excluding AL, CA, FL, LA and MS.

Lemstone, Inc.

dba Lemstone Books

Jim Doyle

1123 Wheaton Oaks Court

Wheaton, IL 60187

630-682-1400, Fax 682-1828

Books

The 71-unit chain operates locations nationwide. The stores, selling Christian-inspired books, music and gift items, occupy spaces of 1,400 sq.ft. to 2,000 sq.ft. in regional malls. Growth opportunities are sought nationwide.

Ilderton Oil Co., Inc.

dba Ilicomart

Mike Ilderton

7145 West Fairfield Road

High Point, NC 27264

910-861-2222, Fax 861-4600

Convenience Store

The seven-unit chain operates locations in NC. The convenience stores occupy spaces of 1,800 sq.ft. to 2,500 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.

Timesaver, Inc.

dba Timesaver

Harris Slotin

PO Box 13648

Savannah, GA 31416

912-351-6000, Fax 351-6018

Convenience Store

The 40-unit chain operates locations in GA. The convenience stores occupy spaces of 2,500 sq.ft. in freestanding facilities and strip centers. Growth opportunities are sought in the existing markets.

Upton's

dba Upton's, Upton's North

Rick Baxter

6251 Crooked Creek Road

Norcross, GA 30092

770-662-2500, Ext. 2759, Fax 662-2609

Department Store

The 79-unit chain operates locations in FL, GA, MD, NC, SC, TN, VA and Washington, D.C. The department stores occupy spaces of 52,000 sq.ft. in regional malls and strip centers. Growth opportunities are sought in the existing markets.

Liquidations... USA

Ted Kraus

c/o TKO Real Estate Advisory Group, Inc.

PO Box 2630

Mercerville, NJ 08690

609-587-6200, Fax 587-3511

Discount

The 11-unit chain operates locations East of Chicago, IL. The flea markets occupy spaces of 100,000 sq.ft. in a variety of real estate settings. Plans call for three openings in the coming 18 months. Expansion will take place within the existing markets.

Troy Cleaners

Louis Dortch

PO Box 76

Grand Blanc, MI 48439

810-695-1430, Fax 695-1566

Dry Cleaners

The 14-unit chain operates locations in MI. The dry cleaners occupy spaces of 800 sq.ft. to 5,000 sq.ft. in freestanding facilities and specialty centers. Plans call for two openings in the coming 18 months. Expansion will take place in the existing market.

Loew Theater Management Corp.

dba Loews Theatres

Kenneth Benjamin

711 Fifth Avenue

New York, NY 10022

212-833-6160, Fax 833-6267

Entertainment

The 150-unit chain operates locations in CA, CT, GA, IL, IN, KY, MD, MA, MI, NH, NJ, NY, OH, PA, TX, VA and Washington, D.C. The movie theaters occupy spaces of 70,000 sq.ft. to 100,000 sq.ft. in a variety of real estate settings. Preferred co-tenants include sit down restaurants as well as entertainment and leisure retailers. Plans call for 20 openings in the coming 18 months. Expansion will take place in AZ, CA, CO, GA, MI and NC. Preferred demographics include a population of at least 200,000 within five miles earning $50,000 as the average income.

Ice Cream Churn

Dale Parker

PO Box 1569

Byron, GA 31008

912-956-5880, Fax 956-1864

Food

The 600-unit chain operates locations nationwide. The stores, selling dip ice cream and frozen yogurt, occupy spaces of at least 250 sq.ft. in regional malls. Plans call for at least 25 openings in the coming 18 months. Expansion will take place nationwide. The company is franchising and assists franchisees in finding locations.

Barbers Hairstyling for Men & Women

dba City Looks Salons International

Julie Wolleat

300 Industrial Boulevard N.E.

Minneapolis, MN 55413

612-331-8500, Fax 331-2821

Hair Salon

The 57-unit chain operates locations in IL, IA, MI, MN, ND, PA, WI and internationally. The upscale hair salons occupy spaces of 1,000 sq.ft. in downtown store fronts, regional malls, power, specialty and strip centers. Plans call for 25 openings in the coming 18 months. Expansion will take place nationwide as well as in France, Russia and the Ukraine.

Carver Hardware, Inc.

dba Downtown Drug & Hardware,

Carver Ace Hardware

Gary O'Donnell

PO Box 427

Muscatine, IA 52761

319-263-3908, Fax 263-5370

Hardware

The six-unit chain operates locations throughout IA. The hardware stores occupy spaces of 8,000 sq.ft. in freestanding facilities. Growth opportunities are sought in the existing market.

Weight Watchers International

dba Weight Watchers

Lou Mancuso

175 Crossways Park West

Woodbury, NY 11797

516-949-0682, Fax 949-0699

Health & Fitness

The 1,200+-unit chain operates locations nationwide. The weight loss centers occupy spaces of 2,300 sq.ft. in power and strip centers. Plans call for 50 openings in the coming 18 months. Expansion will take place nationwide.

Hirshfield's, Inc.

dba Hirshfield's

Frank Hirschfield

725 Second Avenue North

Minneapolis, MN 55405

612-377-3910, Fax 377-2734

Home Improvement

The 19-unit chain operates locations in MN. The stores, selling paints, wallcoverings, sundries and fabrics, occupy spaces of 3,500 sq.ft. to 7,500 sq.ft. in freestanding facilities and strip centers. Growth opportunities are sought in the existing market.

The Kitchen Works, Inc.

dba The Kitchen Works, The Kitchen Store

Stephen Barnett

1805 Louks Road

York, PA 17404

717-764-3495, Fax 767-5927

Housewares

The 16-unit chain operates locations in MD, PA, VA, WV and Washington, D.C. The stores, selling cooking and food preparation products, occupy spaces of 3,100 sq.ft. in regional malls. Plans call for three openings in the coming 18 months. Expansion will take place within the existing markets.

Gem Jewelry Co.

dba Gem Jewelry

Nelson Alter

795 North 11th Street

Beaumont, TX 77702

409-892-6631, Fax 892-1110

Jewelry

The five-unit chain operates locations in LA and TX. The stores, selling watches, diamonds, china and gifts, occupy spaces of 1,200 sq.ft. in power centers and regional malls. Growth opportunities are sought in TX.

Party Land

John Barry

5215 Militia Hill Road

Plymouth Meeting, PA 19462

610-941-6200, Fax 941-6301

Party Supplies

The 100+-unit chain operates locations nationwide. The party supply stores occupy spaces of 5,000 sq.ft. in freestanding facilities and strip centers. Plans call for 24 openings in the coming 18 months. Expansion will take place nationwide. The company is also planning to open 13 stores throughout the Middle East and United Kingdom.

Gryder Group, Inc.

dba Gryder Shoes, Neil's Footgear

Bill Gryder

795 Vieux Marche

Biloxi, MS 39530

601-374-2161, Fax 374-2164

Shoes

The 15-unit chain operates locations in AL, LA and MS. The stores, selling shoes for the family, occupy spaces of 2,400 sq.ft. in regional malls and strip centers. Growth opportunities are sought in the existing markets.

Ace Cash Express

dba Ace America's Cash Express

William Gibbs, Steve Higgins

1231 Greenway Drive

Irving, TX 75061

214-550-5000, Fax 550-5150

Specialty

The 720-unit chain operates locations nationwide. The stores, offering check cashing and related services, occupy spaces of 1,000 sq.ft. to 1,500 sq.ft. in freestanding facilities and strip centers. Plans call for as many as 75 openings in the coming 18 months. Expansion will take place nationwide. Leases running three to five years on its initial term are typical and the company is franchising.

Chiasso, Inc.

dba Chiasso

Peter Rusnak

c/o Rusnak/Schaaf Associates

One Northfield Plaza

Northfield, IL 60093

847-441-1814, Fax 441-1815

Specialty

The six-unit chain operates locations in CA, IL, MA and NY. The stores, offering modern design merchandise for the home, office and family, occupy spaces of 1,500 sq.ft. in regional malls. Plans call for 10 openings in the coming 18 months. Expansion will take place nationwide. Leases running 10 years are typical.

Koenig Sporting Goods

dba Koenig Sports

Kevin Durst

6675 Parkland Boulevard

Solon, OH 44139

216-248-7010, Fax 248-9136

Sporting Goods

The 40-unit chain operates locations in MI, NY, OH, PA, VA and WV. The sporting goods stores occupy spaces of 6,000 sq.ft. to 20,000 sq.ft. in regional malls, power and strip centers. Growth opportunities are sought in the existing markets as well as IN.

Giant Eagle, Inc.

dba Valu King, Giant Eagle

Shelly Sponholz

PO Box 11591

Pittsburgh, PA 15238

412-963-3521, Fax 963-3522

Supermarket

The 143-unit chain operates locations in OH, PA and WV. The supermarkets occupy spaces of 55,000 sq.ft. to 90,000 sq.ft. in freestanding facilities, power and strip centers. Plans call for as many as five openings in the coming 18 months. Expansion will take place in the existing markets.

Gooding's Supermarket

Jim St. Charles

2349 Apopka Boulevard

Apopka, FL 32703

407-869-8300, Fax 774-9092

Supermarket

The 18-unit chain operates locations in FL. The supermarkets occupy spaces of 47,000 sq.ft. to 57,000 sq.ft. in specialty and strip centers. Growth opportunities are sought in the existing market.

 

Real Estate Professionals Making News

Alper Commercial Realtors/New America Network (609-345-1800) announces that Susan McGaughran has joined the company as director of retail real estate.

Divaris Real Estate, Inc. (757-497-2113) announces the promotion of Kevin DiBona to the position of first vice president and director of the investment sales division. He also joined the company's board of principals.

Koll Management Services, Inc. (513-435-7988) announces that Debra Cassidy has joined the Dayton, OH management and leasing office. Cassidy will handle the management and leasing of Corner's at The Mall, Carrollton Plaza, Kingsridge Centre, Castle Hills and Washington Park 1.

HRE Properties (203-863-8200) announces the appointment of Willing L. Biddle to president and chief operating officer. Mr. Biddle had previously served as executive vice president and chief operating officer. Biddle succeeds Charles Urstadt as president. Urstadt continues as chairman and chief executive officer.

CVS (401-765-1500) recently named Sammi Roberston as director of corporate and surplus properties for CVS. Her responsibilities will include the management and disposition of surplus properties, both retail and non-retail. She will also address real estate issues for all CVS headquarters, distribution and storage facilities.

CBL & Associates Properties, Inc. (423-855-0001) announces the promotion of Ben Landress and Stephen Lebovitz to executive vice president; the promotion of Ron Fullam, Ron Gimple, Michael Lebovitz, Eric Snyder and Gus Stephen to senior vice president and the promotion of Jim Dunn, Vernon Pirtle and Charlie Willett to vice president.

KB Partners (847-714-0444) was recently formed by Keith Bank, a former principal and executive vice president of Hiffman Shaffer Associates, Inc. KB Partners will concentrate in seeking real estate investment, development and brokerage opportunities nationwide, as well as pursuing select tenant representation assignments.

Konover Development Corporation (203-232-4545) announces that John Larson has joined the company as vice president of development. Larson will assume the responsibility for the development, redevelopment and acquisition of retail shopping centers.

HomePlace (216-328-9500) announces the appointment of Larry Pollock to executive vice president and chief operating officer. Most recently, Pollock was president and chief operating officer of Zale Corporation, a nationwide chain of 1,180 jewelry stores.

Regency Realty Group, Inc. (904-356-7000) recently named Floyd A. Cruse its leasing director. Mr. Cruse will be responsible for developing leasing programs for operating divisions in Jacksonville, Tampa, Ft. Lauderdale and Stuart, FL; Atlanta, GA; and Montgomery, AL. He will oversee the leasing activities for over 5.4 million sq.ft. in 49 properties in AL, FL, GA, MS and NC.

The Galbreath Company/Alexander Summer Division (201-984-1717) announces that Barbara Martinez has joined the company's Paramus, NJ office as vice president of property management. In her new role, Martinez will manage in excess of three million sq.ft. of space.