Issue Number 5 for the week of February 14, 1997
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The Dealmakers Issue Number 5 for the week of February 14, 1997

Sports Apparel & Footwear Tenants Looking for Sites

Ebertos, Inc. trades as Soccer Master at nine locations in AZ, KS and MO. The stores, selling soccer related apparel, equipment, footwear and accessories, occupy spaces of 3,000 sq.ft. to 3,500 sq.ft. in power and strip centers. Preferred co-tenants include upscale large anchor stores. Plans call for as many as three openings in the coming year. Expansion will take place in AZ, KY, MO or OK.

For more information, contact Emil Brcic, Ebertos, Inc., 1111 Horan Drive, Suite G, Fenton, MO 63026; 314-343-0343, Ext. 102, Fax 343-1995.

The Finish Line, Inc. trades as The Finish Line at 251 locations in 27 states. The stores, selling apparel, footwear and related accessories, occupy spaces of 4,300 sq.ft. to 6,000 sq.ft. in regional malls with major anchors. Plans call for as many as 55 openings in the coming 18 months. Expansion will take place nationwide. Leases running seven to 10 years are typical.

For more information, contact George Sanders, The Finish Line, Inc., 3308 North Mitthoeffer Road, Indianapolis, IN 46236; 317-899-1022, Fax 895-2884.

Kazmaier & Associates does business as Bike Athletic Company at eight locations in AL, FL, GA, MO, PA and TN. The stores, selling men's and women's sports apparel and footwear as well as health supplies and accessories, occupy spaces of 2,000 sq.ft. to 3,000 sq.ft. in outlet centers and regional malls. Growth opportunities are sought in the Southeastern region.

For more information, contact Steve Beeler, Kazmaier & Associates, PO Box 666, Knoxville, TN 37901; 423-546-4703, Fax 549-7961.

Great Outdoor Clothing operates 12 locations in AK, AZ, CA, CO, ID, MN, OR, UT and WA. The stores, selling outdoor and sporting apparel, occupy spaces of 3,000 sq.ft. in outlet and value centers. Plans call for as many as two openings in the coming 18 months. Expansion will take place within the existing markets.

For more information, contact Stephen Meyers, Great Outdoor Clothing, PO Box 7278, Incline Village, NV 89452; 702-832-9100, Ext. 11, Fax 832-8088.

Orvis Company, Inc. trades as Orvis Company at 18 locations in CA, GA, IL, KS, MS, NJ, NY, PA, TX, VA, VT, WA and WY. The stores, selling fly fishing equipment, men's and women's clothing, books, home furnishings and gifts, occupy spaces of 4,000 sq.ft. in freestanding facilities. Plans call for as many as five openings in the coming 18 months. Expansion will take place along the southeast coast of FL, the Los Angeles, CA area, Denver, CO area and the Chevy Chase/Bethesda, MD area. The company annually budgets five percent of its pre-tax profit to conservation efforts.

For more information, contact Don Benafich, Orvis Company, Inc., Historic Route 7-A, Manchester, VT 05254; 802-362-1300.

Kinetix operates four locations in NC, OH and VA. The stores, selling Athletic apparel and footwear, occupy spaces of 25,000 sq.ft. in downtown store fronts, freestanding facilities, regional malls, power and specialty centers. Preferred co-anchors include Barnes & Noble, Borders, The Gap and restaurants. Plans call for at least six openings in the coming 18 months. Expansion will take place nationwide. Preferred demographics include a population of 350,000 within five miles earning at least $50,000 as the average income. Leases running 10 years are typical.

For more information, contact Tony Visconsi, Kinetix, c/o Kelly & Visconsi, 7835 Freedom Avenue NW, North Canton, OH 44720; 330-490-2602, Fax 497-4499.

Kal-Med does business as Imperial Sports at 49 locations in IL, IN, MI and OH. The sporting goods stores occupy spaces of 3,000 sq.ft. to 3,500 sq.ft. in regional malls, power and strip centers. Preferred anchors include fast food restaurants and music retailers. Plans call for 20 openings in the coming 18 months. Expansion will take place within the existing markets. Preferred demographics include a population of 100,000 within three miles earning $30,000 as the average income. Leases running 10 years are typical. The company cites Footlocker, Footaction and The Finish Line as competition.

For more information, contact Art Artrip, Kal-Med, 5117 South Dort Highway, Flint, MI 48507; 810-744-9111, Fax 744-9118.

 

Financial News...

Belk Companies (704-357-1000) plans to change the name of the Leggett stores it acquired last October to Belk. The change is expected to be completed at the 31 remaining Leggett stores by the end of March.

Circuit City Stores, Inc. (804-527-4000) reported that third quarter total sales for its CarMax Group increased 57% to $118.4 million from $75.5 million during the third quarter last year. Comparable store sales increased 22%. During the quarter, the company opened one unit and currently operates six units. A seventh unit is expected to open in Tampa, FL this month. Net losses were $3.9 million, compared to a net loss of $1.8 million during the third quarter last year. Third quarter total sales in the Circuit City Group increased two percent to $1.75 billion from $1.71 billion. Comparable store sales fell 10%. Net earnings were $23.7 million, compared to $33.3 million last year. During the quarter, the company opened 36 superstores and currently operates 429 superstores and 47 mall-based Circuit City Express stores nationwide.

International Dairy Queen (612-830-0200) reported that its net earnings for the year increased to $34.445 million from $33.216 million during 1995. Revenues increased to $411.5 million from $371.9 million. The company operates and franchises more than 5,710 Dairy Queen stores and 420 Orange Julius stores throughout North America.

Winn-Dixie (904-783-5000) reported that its second quarter sales increased 2.1% to $4.1 billion from $3.9 billion during the second quarter last year. Comparable store sales fell 0.6% for the quarter. Net earnings for the quarter were $47.7 million, down 34.2% from $72.5 million during the second quarter last year. During the quarter, the company opened 45 stores averaging 50,300 sq.ft., closed 44 older stores averaging 29,500 sq.ft. and remodeled 50 stores. The company currently operates 1,179 supermarkets with 63 under construction.

Grossman's, Inc. (617-830-4000) reported that its sales from ongoing operations for 1996 increased 10.5% to $337.8 million from $306.6 million during 1995. Comparable store sales fell 4.3% for the year. By division, Contractors' Warehouse 1996 sales increased 8.3% to $278.9 million from $257.6 million with comparable store sales down 4.9% for the year. Mr. 2nd's Bargain Outlet store sales for 1996 increased 22.7% to $58.9 million from $48 million in 1995, but comparable store sales were down 1.1 percent. The company also announced that it is experiencing a severe liquidity shortage that is adversely affecting its Contractors' Warehouse operations and that the company is reviewing potential sources of additional liquidity and exploring all options including filing Chapter 11. The company currently operates 15 Contractors' Warehouse stores in CA, IN, KY and OH and 26 Mr. 2nd's Bargain Outlet stores in MA, NY and RI.

Manhattan Bagel Company, Inc. (908-544-0155) reported that its unaudited systemwide sales for 1996 increased 114.4% to $86.2 million from $40.2 million during 1995. Comparable store sales were up 3.4% for the year. During 1996, the company opened 158 stores and ended the year with 294 units in 17 states and Canada, compared to 152 units in 15 states at the end of 1995.

Bradlees, Inc. (617-380-5863) was recently granted a six month extension of its right to exclusively file a plan of reorganization with the U.S. Bankruptcy Court by the Court. The decision will help the company's continuing efforts to restore it to profitability. In asking for the extension, the company reported that it lost $5 million on sales of $155.6 million during the holiday season. The company also announced that it plans to close a store on Long Island, NY and eliminate 150 jobs at its corporate headquarters.

The Good Guys! (415-615-5000) reported that its first quarter net earnings were $2 million, down from $6.7 million during the first quarter last year. Sales for the first quarter were down seven percent to $286.6 million from $306.7 million last year with comparable store sales down 12% for the quarter.

 

Buyers & Sellers of Commercial Properties

Keen Realty Consultants, Inc. will be conducting a bankruptcy auction of former Petrie Retail, Inc. stores at a date, time and place to be announced. Offers are currently being accepted on stores ranging in size from 4,000 sq.ft. to 10,000 sq.ft. in downtown store fronts, regional malls and strip centers nationwide and in Puerto Rico.

For more information, contact Keen Realty Consultants at (516-482-2704), Fax (482-5764).

TPMC Realty Services represents a client in the market to acquire a minimum of $10 million of retail and office properties in TX.

For more information, contact Ken Bendalh at (972-416-5225), Fax (416-7919).

Excell Fund, L.L.C. is in the market to acquire strip shopping centers having GLAs of at least 100,000 sq.ft. nationwide. Properties of interest have occupancy rates of at least 50% with 25% credit tenants. Asking prices should be approximately $60 per sq.ft.

For more information, contact Steven Cersonsky at (303-320-0003), Fax (377-6167).

Midland Group has the listing to sell Salem Plaza in Cincinnati, OH. The 16,463 sq.ft. project is anchored by Walgreen's. The asking price is $1.78 million. The company has the listing to sell 26,800 sq.ft. of land in Symmes Township, OH. The asking price is $285,000. The company has the listing to sell .9 acres of land in West Cincinnati, OH. The asking price is $190,000. The company has the listing to sell a former Fuel Mart store in Newport, KY. The asking price is $65,000. The company has the listing to sell 7.8 acres of land in Fairfield, OH. The asking price is $40,000 per acre. The company also has the listing to sell .9 acres of land in Columbus, OH. The asking price is $195,000.

For more information, contact David Birdsall at (513-891-2323), Fax (891-2467).

Ivanhoe Inc. and The Wilmorite Group recently acquired Westshore Mall in Holland, MI and Fort Henry Mall in Kingsport, TN. The 473,219 sq.ft. Westshore Mall is anchored by Sears, J.C. Penney, Younkers and Stekette's. The 530,119 sq.ft. Fort Henry Mall is anchored by Sears, J.C. Penney, Proffitt's and Proffitt's Home.

For more information, contact Michael Lefebvre at (514-841-7791).

Source Real Estate & Investment Company has the listing to sell Westland Shopping Center in Westland, MI. The 85,000 sq.ft. project is anchored by a 60,000 sq.ft. Dick's Sporting Goods, an 18,500 sq.ft. Med Max and a 6,500 sq.ft. Garden City Hospital. The NOI is $815,377. The site is located adjacent to Westland Mall which is anchored by Sears, Hudson's, J.C. Penney and Kohl's. The asking price is $8.75 million.

For more information, contact Charles Wilson or Glenn Hirsch at (810-799-3030), Fax (799-3035).

InterCapital Realty Corp. recently acquired Edwards Superfoods Shopping Center in North Arlington, NJ.

For more information, contact James Ross at (212-664-1806), Fax (664-1057).

H. Stephen Kirschner, Inc. represents an investment firm in the market to acquire shopping centers in Washington, D.C.; upstate NY; Long Island, NY; CT, PA, MA, NJ, VT, NH, RI and MD. Properties of interest have GLAs of at least 100,000 sq.ft. and are anchored by food/drug or discount department stores. The company also represents an investment firm in the market to acquire shopping centers along the East Coast from Maine to northern FL. Properties of interest should have GLAs of at least 120,000 sq.ft., have stable assets or value added opportunities. A 10%+ cap is also preferred as are portfolios of properties.

For more information, contact H. Stephen Kirschner at (516-462-2200), Fax (499-3322).

Lowe's Companies, Inc. recently acquired Wilkes Mall in North Wilkesboro, NC. Lowe's plans to operate the project as a mixed-use retail and office facility and eventually plans to move its corporate headquarters to the site in several phases. Construction of the first 156,000 sq.ft. phase is expected to begin during the Summer.

For more information, contact Clarissa Felts at (910-651-4254).

Palmer & Cay Properties, Inc. is in the market to acquire shopping centers having GLAs of at least 75,000 sq.ft. and anchored by food and drug tenants; power centers anchored by discount stores and national tenants; single NNN properties and NNN restaurant properties.

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

New Plan Realty Trust is looking to invest more than $125 million in retail and multi-family properties during its fiscal 1997 year. The company is seeking shopping centers having GLAs between 125,000 sq.ft. and 400,000 sq.ft. in suburban areas of IN, NJ, NY, OH and PA.

For more information, contact New Plan Realty Trust at (212-869-3000).

 

Mergers & Acquisitions

Apple South, Inc. (706-342-4552) recently signed an agreement to sell its 10 Hardee's restaurants in FL to KEBM Enterprises, Inc. The deal is expected to be completed by the end of the first quarter. Apple South acquired the franchise rights to Hardee's in 1986, the same year it acquired the franchise rights to Applebee's Neighborhood Grill and Bar restaurants. Over the past 10 years, the company focused its growth on the Applebee's units and did not expand the Hardee's chain. Today, the company is the largest operator of Applebee's restaurants. As a result, sales from the Hardee's units represented less than two percent of the company's sales last year. Apple South currently operates 235 Applebee's restaurants, 63 Don Pablo Mexican restaurants and 11 Harrigan's Grill and Bar restaurants.

Trans/Pacific Restaurants, Inc. (714-250-0331), which is operating under Chapter 11 protection, recently reached an agreement to sell 30 of its restaurants to two groups for a combined $4.4 million. TP Acquisitions, Inc. plans to acquire 22 Monterey Bay Canners and Jolly Roger restaurants in CA and HI for $3.3 million while Frank Sallee plans to acquire eight licensed Sizzler restaurants in HI for $1.1 million. Both buyers plans to operate the restaurants under their present names.

All American Good Group, Inc. (201-244-9336) recently announced that the company has acquired eight stores in the New Haven, CT market. Four of the stores, trading as Bagel Connection, will be converted to Goldberg's Original Old World Bagel stores. The other four stores may be converted to the Goldberg's name in the near future. The stores are the company's first in CT. The company currently operates and franchises 18 stores trading as Goldberg's and Sammy's New York Bagels. Five franchised units are expected to open before the end of March.

 

Who's Openings and Where...

CompUSA, Inc. (214-484-8500) recently opened a 28,300 sq.ft. store at Mingo Marketplace in Tulsa, OK; a 25,600 sq.ft. store at Meadows Marketplace Shopping Center in Denver, CO; a 26,000 sq.ft. store at Willows Shopping Center in Concord, CA; 25,600 sq.ft. store at Los Altos Shopping Center in Long Beach, CA; a 26,100 sq.ft. store in Hoover, AL; a 25,000 sq.ft. store at Westridge Court Shopping Center in Naperville, IL; a 26,200 sq.ft. store at East Paris Crossroads Shopping Center in Grand Rapids, MI; a 25,600 sq.ft. store in Tigard, OR; a 25,200 sq.ft. store at The Pavilions at San Mateo Shopping Center in Albuquerque, NM; a 21,000 sq.ft. store at University Crossing Shopping Center in Orem, UT; a 25,600 sq.ft. unit at The Salt Lake Connection Shopping Center in Salt Lake City, UT and stores in El Camino Real in Encinitas, CA; Manchester, CT; Minnetonka, MN; Manhattan, NY; Seattle, WA and Gaithersburg, MD. The company is planning to open a 32,500 sq.ft. store at Sunset Point 19 Shopping Center in Clearwater, FL during Spring; a 26,500 sq.ft. store at Tamarack Village in Woodbury, MN during Spring; a 22,500 sq.ft. store at Galleria Commons Shopping Center in Henderson, NV late this year and a 19,000 sq.ft. store at The Palisades Center in West Nyack, NY during Fall.

Au Bon Pain Co., Inc. (617-423-2100) recently signed an agreement with ABP Brasil Ltda. for the development of 28 Au Bon Pain bakery cafes in Brazil.

Moovies, Inc. (864-213-1700) opened 18 video stores during the fourth quarter last year bringing the total opened during 1996 to 50 units. The company closed 1996 operating 223 video stores in 16 states.

Goldsmith's (513-579-7900) recently opened a two-level, 184,000 sq.ft. department store at Wolfchase Galleria in Memphis, TN. Other anchors include Dillard's, J.C. Penney and Sears. The company currently operates four stores in Memphis and one unit in Jackson, TN. The chain is part of Atlanta-based Rich's/Lazarus/Goldsmith's a division of Federated Department Stores.

J.C. Penney Co. (214-431-1000) recently opened a 49,267 sq.ft. department store at Lebanon Valley Mall in Lebanon, PA. The unit replaces a 50,000 sq.ft. store that was located at Lebanon Plaza Mall.

Pet Food Warehouse (612-542-0123) recently opened a store in Des Moines, IA.

Carl Karcher Enterprises, Inc. (714-774-5796) recently opened its first Carl's Jr. restaurant in HI. The quick-service units is co-branded with a UNOCAL 76 gasoline station and FastBreak convenience store on Nimitz Highway in Honolulu. The company plans to open as many as 23 additional Carl's Jr. restaurants in HI in the coming 10 years. These units will include freestanding restaurants, in-line units and co-branded units. A second location is planned to open in May on Maui.

Barnes & Noble, Inc. (212-633-3300) recently opened a 25,000 sq.ft. superstore at Friendly Center in Greensboro, NC.

AutoZone, Inc. (901-495-6500) recently opened a store in Longwood, FL. It is the company's 1,500th store nationwide.

Winn-Dixie (904-783-5000) recently opened a 48,000 sq.ft. supermarket at Belleview Regional Shopping Center in Belleview, FL.

Dayton Hudson (612-304-6099) plans to open a Target store across from Menlo Park Mall in Edison, NJ next month. Two more Target stores are expected to open during October in Cherry Hill and Union, NJ. The company is planning to open as many as 25 Target stores in NJ in the coming five years.

A&W Restaurants, Inc. (313-462-0029) opened 136 restaurants during 1996, which exceeded their goal to open 105 units last year. The company is planning to open 200 restaurants this year. Currently, the company operates more than 800 units in 41 states and nine foreign countries.

FoodNet, Inc. (718-723-9202), parent company of Dominic's of New York quick-service restaurant chain, recently opened its first mall location, a 440 sq.ft. food court unit at The Shops at Willow Lawn in Richmond, VA. The company typically operates 77 sq.ft. kiosk locations at big-box retailers and sports stadiums that serve Italian-style sandwiches.

Publix Supermarkets (813-688-1188) recently opened a 47,955 sq.ft. Publix supermarket at Publix Plaza Shopping Center in Arlington, FL.

 

Lease Signings

Capital Realty Advisors, Inc. (561-744-1088) leased 4,500 sq.ft. to Shanghai River Restaurant at Village Shopping Center in Austin, TX; 500 sq.ft. to T. Allen's Boot & Shoe Repair and 1,100 sq.ft. to Red Wing Shoe Company at Plaza 50 in Carson City, NV; 3,750 sq.ft. to American & European Tanning Supply at Plaza III in Oklahoma City, OK; 1,407 sq.ft. to Record Rendezvous at Dellcrest Plaza in San Antonio, TX; 900 sq.ft. to Lee Nails at Southside Shopping Center in Leesburg, FL; 4,800 sq.ft. to Value Pawn & Jewelry Store at Okeechobee Center in West Palm Beach, FL and 3,600 sq.ft. to The Quilt Store at The Village Shopping Center.

Vanguard Realty (201-443-9700) leased 2,400 sq.ft. to Dollar World, 1,600 sq.ft. to Manhattan Bagels and 2,500 sq.ft. to Kentucky Fried Chicken at West Caldwell Plaza in West Caldwell, NJ; 4,800 sq.ft. to Frame and Print in East Hanover, NJ and 5,000 sq.ft. to Sherwin Williams in Bergenfield, NJ.

R.J. Waters & Associates, Inc. (610-444-6000) leased 3,057 sq.ft. to Master Wok Daily Buffet at Fairfield Place Shopping Center in Exton, PA; 1,200 sq.ft. to Signs by Tomorrow at Centerville Square in East Hempfield, PA; 12,000 sq.ft. to I. Goldberg and 2,850 sq.ft. to Boston Market at Center Point Place in Warminster, PA; 1,800 sq.ft. to Frankford Cleaners at Lower Makefield Center in Yardley, PA; 1,600 sq.ft. to Bruegger's Bagels at Centerville Square in Lancaster, PA; 1,304 sq.ft. to Crafter's Choice and 1,268 sq.ft. to Cafe Ole at Painters Crossing in Chadds Ford, PA; 4,900 sq.ft. to Hallmark Cards and 4,200 sq.ft. to Dollar Tree at North Atherton Place in State College, PA and 1,800 sq.ft. to Frankford Cleaners and 9,100 sq.ft. to CVS Pharmacy at Horsham Point in Horsham, PA.

Courtelis Company (305-379-8467) leased 4,157 sq.ft. to Kitchens & Spice at The Marketplace in Gainesville, FL; 1,452 sq.ft. to GNC and 2,325 sq.ft. to Mail Boxes Etc. at Airpark Plaza in Miami, FL; 1,600 sq.ft. to Kiley's Home Furnishings, 1,600 sq.ft. to Milici Jewelers and 2,400 sq.ft. to The Bicycle Shoppe at Marketplace at Pelican Bay in Naples, FL and 1,125 sq.ft. to The Reserve Network at Ethan Allen Plaza in Altamonte Springs, FL.

Divaris Real Estate, Inc. (757-497-2113) leased 714 sq.ft. to Tax Shop of Varina at East Towne Plaza in Richmond, VA; 800 sq.ft. to Golden Creations at York River Crossing Shopping Center in Hayes, VA and 600 sq.ft. to Mike Rogers, Ltd. at Sherwood Shopping Center in Newport News, VA.

Rein & Grossoehme (602-954-0717) leased 2,550 sq.ft. to Fitness For Life at Mesa Commons Shopping Center in Mesa, AZ and 1,762 sq.ft. to Able/Slaughter Insurance at Dobson Shores Shopping Center in Mesa, AZ.

CM Commercial Realty, Inc. (410-515-0531) leased 2,500 sq.ft. to Sally Beauty Supply Co. at Big Elk Mall in Elkton, MD; 2,000 sq.ft. to Sally Beauty Supply Co. and 3,500 sq.ft. to Rent-Way, Inc. at Edgewater Village Shopping Center in Edgewood, MD; 5,000 sq.ft. to Video King at Crossroads Shopping Center in New Castle, DE; 5,000 sq.ft. to Video King at Gateway North Shopping Center in Smyrna, DE; 5,000 sq.ft. to Video King at Gateway South Shopping Center in Dover, DE; 5,000 sq.ft. to Video King at Gateway West Shopping Center in Dover, DE and 5,000 sq.ft. to Video King at Town Centre in Pocomoke City, MD.

 

Lead Sheet

Nautica Retail USA, Inc.

dba Nautica Factory Stores

John Wetzler

40 West 57th Street, Third Floor

New York, NY 10019

212-541-5757, Fax 841-7157

Apparel

The 50-unit chain operates locations nationwide. The stores, selling its own line of men's and women's sportswear, occupy spaces of 2,500 sq.ft. to 3,600 sq.ft. in outlet and value centers. Plans call for as many as 15 openings in the coming 18 months. Expansion will take place nationwide.

Wet Seal Contempo Casuals

dba The Wet Seal, Contempo Casuals

Ed Thomas

64 Fairbanks

Irvine, CA 92718

714-583-9029, Fax 583-0715

Apparel

The 440+-unit chain operates locations nationwide. The stores, selling casual junior apparel, occupy spaces of 4,500 sq.ft. in regional malls. Growth opportunities are sought nationwide.

General Parts, Inc.

dba Car Quest

Tom Hines

2635 Millbrook Road

Raleigh, NC 27604

919-876-9813, Fax 878-1748

Automotive

The 2,100-unit chain operates locations nationwide. The automotive parts and accessories stores occupy spaces of 5,000 sq.ft. in a variety of real estate settings. Plans call for as many as 100 openings in the coming 18 months. Expansion will take place nationwide.

Salisbury Sales

dba Linen Barn, Linens Too Ware

Warren Kiersch

555 Broadhollow Road

Melville, NY 11747

516-777-3227, Fax 293-3116

Bed & Bath

The 21-unit chain operates locations in FL, GA, IL, MD, MN, NJ, NY, OH, PA and RI. The stores, selling sheets, towels and bedspreads at off price-points, occupy spaces of 10,000 sq.ft. to 15,000 sq.ft. in power and strip centers. Growth opportunities are sought in the existing markets.

Gags & Games, Inc.

dba Gags & Games, Halloween USA

Christopher Bearss

37050 Industrial Road

Livonia, MI 48150

313-591-1717, Fax 591-3822

Cards & Gifts

The 16-unit chain operates locations throughout MI. The stores, selling cards, gifts and balloons, occupy spaces of 4,500 sq.ft. to 5,500 sq.ft. in power and strip centers. Plans call for six openings in the coming 18 months. Expansion will take place in MI and OH. The company is also seeking temporary sites running 5,000 sq.ft. to 15,000 sq.ft. in MI and OH for its Halloween USA stores.

Minit Mart LP

dba Minit Mart

Donald Rhoads

PO Box 5889

Vancouver, WA 98668

360-693-4757, Fax 693-9253

Convenience Stores

The 36-unit chain operates locations in OR and WA. The convenince stores, which also sell gasoline, occupy spaces of 2,400 sq.ft. in freestanding facilities and strip centers. Plans call for as many as six openings in the coming year. Expansion will take place in the existing markets.

Tesoro Northshore Co.

dba Tesoro 7-Eleven

Rich Rusteck

6927 Old Seward Highway

Anchorage, AK 99518

907-349-0711, Fax 349-0733

Convenience Store

The 39-unit chain opeates locations in AK. The convenience stores, which also sell gasoline, occupy spaces of 2,800 sq.ft. in freestanding facilities and strip centers. Plans call for two openings in the coming year. Expansion will take place in the existing market.

Medicine Shoppe International, Inc.

dba The Medicine Shoppe

Mike Rice

1100 North Lindbergh Boulevard

St. Louis, MO 63132

314-993-6000, Fax 872-5500

Drug Store

The 1,150-unit chain operates locations worldwide. The prescription drug stores occupy spaces of 1,000 sq.ft. in downtown store fronts, freestanding facilities, specialty and strip centers. Plans call for 80 openings in the coming 18 months. Expansion will take place worldwide.

Roberds

Wayne Hawkins

1100 East Central Avenue

West Carrollton, OH 45449

513-859-5127, Fax 859-6037

Electronics

The 25-unit chain operates locations in FL, GA, IN and OH. The stores, selling consumer electronics, appliances and furniture, occupy spaces of 65,000 sq.ft. in freestanding facilities and strip centers. Plans call for one opening in the coming 18 months. Expansion will take place in the Columbus, OH area.

Pocket Change America

dba Pocket Change

Art Helmick

301 Ruthar Drive

Newark, DE 19711

302-368-7800, Fax 738-6348

Entertainment

The 185-unit chain operates locations nationwide. The family entertainment centers occupy spaces of 3,000 sq.ft. in regional malls. Growth opportunities are sought nationwide.

Auntie Anne's, Inc.

dba Auntie Anne's

Marjorie Shaw

PO Box 529 160A Route 41

Gap, PA 17527

717-442-4766, Fax 442-4139

Food

The 360-unit chain operates locations nationwide. The stores, selling fresh hand rolled pretzels, occupy spaces of 350 sq.ft. to 800 sq.ft. in regional malls and outlet centers. Plans call for 67 openings in the coming 18 months. Expansion will take place nationwide.

Caribou Coffee Company, Inc.

dba Caribou Coffee Company

Collin Barr

615 North 3rd Street

Minneapolis, MN 55401

612-359-2700, Fax 359-2730

Food

The 60-unit chain operates locations in GA, IL, MI, MN, NC and OH. The specialty coffee shops occupy spaces of 500 sq.ft. to 2,000 sq.ft. in freestanding facilities and strip centers. Growth opportunities are sought in the existing markets.

Haverty Furniture Companies, Inc.

Rawson Haverty

866 West Peachtree Street N.W.

Atlanta, GA 30308

404-881-1911, Fax 870-9458

Furniture

The 97-unit chain operates locations in AL, AR, FL, GA, KS, LA, NC, SC, TN, TX and VA. The furniture stores occupy spaces of 35,000 sq.ft. to 50,000 sq.ft. in freestanding facilities. Plans call for six openings in the coming 18 months. Expansion will take place within the existing markets as well as in KY.

Dollar General Corp.

dba Dollar General Stores

Tom Holsted

427 Beech Street

Scottsville, KY 42164

502-237-5444, Ext. 5239, Fax 237-3246

General Merchandise

The 2,700-unit chain operates locations in 24 states. The stores, selling general merchandise, occupy spaces of 7,200 sq.ft. to 7,500 sq.ft. in downtown store fronts, freestanding facilities and strip centers. Growth opportunities are sought in the existing markets.

Creative Hairdressers

dba Hair Cuttery

John Colvin

2815 Hartland Road

Falls Church, VA 22043

703-698-7090, Fax 876-2897

Hair Salon

The 575-unit chain operates locations in DE, FL, GA, IL, IN, MD, NJ, NC, PA, SC, VA, WI and WV. The hair salons occupy spaces of 1,000 sq.ft. to 1,200 sq.ft. in regional malls, power and strip centers. Plans call for 150 openings in the coming 18 months. Expansion will take place in the existing markets and throughout the Midwestern region.

Duron, Inc.

dba Duron Paint & Wallcovering

Eduardo Trujillo

10406 Tucker Street

Beltsville, MD 20705

301-937-4600, Ext. 857, Fax 937-4371

Home Improvement

The 208-unit chain operates locations in FL, GA, IN, MD, NJ, NC, OH, PA, SC, TN, VA and Washington, D.C. The stores, selling paint, wall coverings and related items, occupy spaces of 2,500 sq.ft. to 3,600 sq.ft. in freestanding facilities and strip centers. Plans call for as many as 10 openings in the coming 18 months. Expansion will take place in the existing markets.

Lechters, Inc.

dba Lechters Housewares,

Famous Brand Outlets

Frank O'Neill

One Cape May Street

Harrison, NJ 07029

201-481-1100, Ext. 383, Fax 482-5680

Housewares

The company operates 486 Lechters units and 166 Famous Brand Outlets units nationwide. The stores, selling housewares, occupy spaces of 3,000 sq.ft. to 7,000 sq.ft. in downtown store fronts, regional malls and strip centers with Famous Brand Outlets only locating its stores in outlet centers. Plans call for 20 openings in the coming 18 months. Expansion will take place nationwide.

Tiffany & Co.

Cecilia Powers

727 Fifth Avenue

New York, NY 10022

212-605-4132, Fax 605-4364

Jewelry

The 100-unit chain operates locations worldwide. The stores, selling high-end jewelry and luxury retail items, occupy spaces of 8,000 sq.ft. to 10,000 sq.ft. in upscale shopping centers in major cities. Plans call for six openings annually. Expansion will take place worldwide.

Packaging and Shipping Specialist

Mike Gallagher

3513 103rd Street, Suite 104

Lubbock, TX 79423

806-745-5588, Fax 745-6810

Service

The 304-unit chain operates locations nationwide. The stores, offering U.S. Mail and UPS shipping services as well as high speed copying and fax services, occupy spaces of 1,000 sq.ft. to 1,500 sq.ft. in outlet, power and strip centers. Plans call for 75 openings in the coming 18 months. Expansion will take place nationwide.

Shoe Carnival

Paul Kinney

8233 Baumgart Road

Evansville, IN 47711

812-867-4105, Fax 867-8310

Shoes

The 93-unit chain operates locations in AL, AR, FL, GA, IL, IN, IA, KS, KY, MI, MN, MO, NC, OH, SC, TN and WV. The stores, selling shoes, athletic clothing and accessories, occupy spaces of 12,000 sq.ft. in power and strip centers. Growth opportunities are sought in the Midwestern and Southern regions.

Calendar Club, Inc.

dba Calendar Club

John Di Meo

3733 Drossett Drive

Austin, TX 78744

512-445-2130, Fax 445-2254

Specialty

The 400-unit chain operates locations nationwide. The stores, selling calendars and related supplies, occupy spaces of 140 sq.ft. to 3,000 sq.ft. in kiosk locations, regional malls, power and strip centers. Growth opportunities are sought nationwide.

Ream's Food Stores

Dick Cheney

160 East Claybourne Street

Salt Lake City, UT 84115

801-485-8451, Fax 485-0845

Supermarket

The 12-unit chain operates locations in UT. The supermarkets occupy spaces of 49,000 sq.ft. in freestanding facilities. Growth opportunities are sought in the existing market.

Moovies, Inc.

dba Moovies

Doug Raines/Victor John

201 Brookfield Parkway

Greenville, SC 29607

864-213-1700, Fax 213-1701

Video

The 223-unit chain operates locations in CO, CT, GA, IA, MN, NE, NJ, NY, NC, OH, PA, SC, SD, TN, VA and WI. The video stores occupy spaces of 5,000 sq.ft. to 7,000 sq.ft. in freestanding facilities and strip centers. Growth opportunities are sought nationwide.

 

Space Place

California

Beverly Hills- A 5,000 sq.ft. building is available for sublease on N. Robertson Boulevard. The lease runs through April 30, 2006 and includes two five-year options to renew. Demographics include a three-mile population of 275,749 earning $68,955 as the average household income. Also in Beverly Hills- A 1,250 sq.ft. space is available for sublease on S. Beverly Drive. The lease runs through January 31, 2000. Co-tenants include Starbuck's, Noah's Bagels, California Pizza Kitchen, Ruth's Chris Steakhouse, Koo Koo Roo and Subway. In Los Angeles- A 6,402 sq.ft. space, which is divisible to 1,000 sq.ft., is available for lease on Pico Boulevard. The site is adjacent to Westside Pavilion Regional Mall and retailers within a 1/4 mile include Starbuck's, Jack In The Box, Best Buy, Barnes & Noble, Nordstroms and The Good Guys. Also in Los Angeles- Two contiguous spaces, one 1,200 sq.ft. and the other 1,476 sq.ft., are available for lease on Wilshire Boulevard. Co-tenants of the building include Seattle's Best Coffee and Bruegger's Bagels. Demographics include a three-mile population of 241,526 earning $73,803 as the average household income. Also in Los Angeles- A 1,700 sq.ft. space is available for lease on Melrose Avenue. The site is approved for a restaurant use and co-tenants include Noah's Bagels, Johnny Rockets, Louise's Trattoria and Sunglass Hut. Demographics include a three-mile population of 373,736 earning $56,914 as the average household income.

For details, contact Lee Shapiro of Sands Commercial at (310-277-3900), Fax (557-0935).

Florida

Sarasota- Colonial Village Shopping Center is anchored by Ace Hardware and Dollar General. The 48,000 sq.ft. project has a 4,732 sq.ft. space available for lease. The site is located at the intersection of Lime Avenue and Fruitville Road which generates a daily traffic count of more than 65,000 vehicles. Demographics include a five-mile population of 155,000 earning $46,000 as the average household income. Also in Sarasota- Palm Plaza Shopping Center is anchored Kash 'n Karry, Payless Shoes and Dollar General. The 115,000 sq.ft. project has spaces of 1,630 sq.ft., 2,879 sq.ft. and 3,678 sq.ft. available for lease. The site is located at the intersection of Bee Ridge Road and McIntosh Road which generate a daily traffic count of more than 40,000 vehicles. Demographics include a five-mile population of 157,116 earning $50,549 as the average household income.

For details, contact David Rosen of Rosen Associates Management Corp. at (516-822-5350), Fax (433-3821).

Illinois

Champaign- Baytowne Square, a 100,000 sq.ft. project to be developed beginning this Spring, has spaces from 10,000 sq.ft. available for lease. The site is located at the intersection of North Prospect Avenue and Town Center Boulevard which generate a daily traffic count of 56,800 vehicles. Retailers in the area include Wal*Mart, Sam's Club, Lowe's, Target and Meijer's. Demographics include a five-mile population of 115,729 earning $28,229 as the average median income.

For details, contact Tim Harrington of Devonshire Realty at (217-352-7712), Fax (352-5513).

Indiana

Carmel- A 34,019 sq.ft. former Kroger store is available for lease. Retailers in the area include Kroger and Walgreens.

For details, contact David Birdsall of Midland Group at (513-891-2323), Fax (891-2467).

New Jersey

Hillsborough- Redwood Plaza is anchored by Bottle King Liquors. The 45,000 sq.ft. project has a 10,000 sq.ft. space available for lease. The site fronts Amwell Road and Route 206 which generate a daily traffic count of 22,000 vehicles.

For details, contact William Mooney of Jeffrey Realty at (908-668-9600, Ext. 12), Fax (668-5225).

Paramus- The Fortunoff building on Route 17 is available for lease. Fortunoff will either vacate the 40,000 sq.ft. two-story building or remain in a portion. Each floor is approximately 20,000 sq.ft. Also in Paramus- A 3,000 sq.ft. former Egghead Software building at the corner of Route 4 West and Spring Valley Road is available for lease.

For details, contact Alan Goldstein (Fortunoff) or Don Solino (Egghead) of The Goldstein Group at (201-703-9700), Fax (703-9678).

Ohio

Toledo- Regency Plaza is anchored by Cellular One. The 44,100 sq.ft. project has a 2,100 sq.ft. space available for lease. Demographics include a five-mile population of 125,220 earning $53,951 as the average income. Also in Toledo- Shops at Franklin Place is anchored by Target, Media Play and OfficeMax. The 230,000 sq.ft. project has an 8,000 sq.ft. space available for lease. Demographics include a population of 200,959 earning $48,217 as the average income.

For details, contact David Long (Regency) or Stephen Serchuk (Franklin Place) of Zyndorf/Serchuk, Inc. at (419-249-7070), Fax (255-2439).

Pennsylvania

Bethlehem- Kmart Plaza is anchored by Kmart, Thrift Drug and Piece Goods. The 163,109 sq.ft. project has spaces available for lease. Demographics include a five-mile population of 155,603 earning $56,767 as the average family income.

For details, contact MaryAnn Savarese of RD Management at (212-265-6600), Fax (459-9133).

State College- Hills Plaza is anchored by Hills, Bilo Supermarket, Weis and Encore Books. The 305,000 sq.ft. project plans a 75,000 sq.ft. expansion this year with eight spaces available for lease in that expansion. Delivery is planned for the Fall.

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

Wisconsin

Menasha- Super Plus Plaza is anchored by Shopko. The 170,000 sq.ft. project has spaces of 3,445 sq.ft. and 7,500 sq.ft. available for lease.

For details, contact Dan Rosenfeld of Mooney LeSage & Associates Ltd. at (414-797-9400), Fax (797-8940).

 

Food Tenants Hungry for Sites Nationwide

Johnny Rockets, Inc. operates 80 locations in AZ, CA, FL, GA, IL, MD, MA, MN, NV, NJ, NY, SC, TX, VA and WA. The restaurants, serving hamburgers and fries in an old-fashioned malt shop atmosphere, occupy spaces of 1,800 sq.ft. to 2,000 sq.ft. in freestanding facilities, regional malls and specialty centers. Plans call for 15 openings in the coming year. Expansion will take place in metropolitan areas nationwide.

For more information, contact Steven Fenstermacher, Johnny Rockets, Inc., 15635 Alton Parkway, Suite 350, Irvine, CA 92618; 714-789-7575, Fax 789-7588.

All American Food Group trades as Goldberg's Original Old World Bagels and Sammy's New York Bagels at 18 locations in AZ, NJ, NY, OH, SC and WA. The bagel stores occupy spaces of 800 sq.ft. to 2,000 sq.ft. in strip centers. Plans call for 50 openings in the coming 18 months. Expansion will take place nationwide. The company is franchising.

For more information, contact Guy McNeil, All American Food Group, 9 Law Drive, Fairfield, NJ 07006; 800-922-4350, Fax 201-244-9350.

Clarke's Charcoal Broiler operates six locations in northern CA. The restaurants, serving hamburgers, ribs, chicken and ice cream, occupy spaces of 2,500 sq.ft. in freestanding facilities and strip centers. Preferred anchors include high-end retailers. Plans call for 10 openings in the coming 18 months. Expansion will take place in CA. Preferred demographics include a population of 50,000 within five miles earning $45,000 as the average income. Leases running 10 years are typical. The company, which is franchising, cites In 'N Out Burger, Applebee's and Chili's as competition.

For more information, contact Bill Cann, Clarke's Charcoal Broiler, c/o Hudson Jones, 801 South Winchester, San Jose, CA 95128; 408-345-3087, Fax 345-3089.

Pepisco trades as Taco Bell at more than 4,600 locations worldwide. The Mexican fast food restaurants occupy spaces of 2,300 sq.ft. in freestanding facilities and strip centers. Growth opportunities are sought worldwide.

For more information, contact Jim Broesna or Frank Miller, Pepisco, 17901 Von Karman, Irvine, CA 92614-4949; 714-863-4500, Fax 863-3946.

Ruby Tuesday, Inc. trades as Ruby Tuesday, Mozzarella's and Tia's at 475 locations nationwide. The casual dining restaurants occupy spaces of 4,400 sq.ft. to 5,600 sq.ft. in freestanding facilities and strip centers. Growth opportunities are sought nationwide.

For more information, contact Kurt Juergens, Ruby Tuesday, Inc., 4721 Morrison Drive, Mobile, AL 36609; 334-344-3000, Fax 343-4365.

Gorant Candies, Inc. trades as Gorant Candies, Yum Yum Tree, Abbott's Cards and Peabodies Cards and Gifts at 68 locations in OH and PA. The stores, which sell candy, cards, gifts and collectibles, occupy spaces of 4,000 sq.ft. to 6,000 sq.ft. in power centers. Plans call for as many as four openings in the coming 18 months. Expansion will take place in the existing markets. Leases running five years are typical.

For more information, contact Judi Doan, Gorant Candies, Inc., 8301 Market Street, Youngstown, OH 44512; 330-726-8821, Fax 726-0325.

Chick-Fil-A, Inc. trades as Chick-Fil-A at 700 locations nationwide. The fast food restaurants, serving chicken sandwiches, occupy spaces of 750 sq.ft. to 3,000 sq.ft. in freestanding facilities, power centers and regional malls. Plans call for 60 openings in the coming 18 months. Expansion will take focus on the Sun Belt states.

For more information, contact John Featherston, Alex Dominguez or Erwin Reid, Chick-Fil-A, Inc., 5200 Buffington Road, Atlanta, GA 30349; 404-765-8010, Fax 765-8941.

Comida Corporation does business as Mi Amigos at four locations in AZ. The Mexican restaurants occupy spaces of 4,200 sq.ft. in freestanding facilities and strip centers. Growth opportunities are sought in the existing market.

For more information, contact Noel Candland, Comida Corporation, 1307 East Southern, Suite D, Mesa, AZ 85204; 602-892-7955, Fax 892-1281.

Godfather's Pizza, Inc. trades as Godfather's Pizza at 400 locations nationwide. The pizza restaurants occupy spaces of 2,500 sq.ft. to 3,600 sq.ft. in freestanding facilities, regional malls and end caps of strip centers. Growth opportunities are sought nationwide.

For more information, contact Laurie Herman or Pam Fox, Godfather's Pizza, Inc., 9140 West Dodge Road #300, Omaha, NE 68114; 800-456-8347, Fax 255-2687.

 

Real Estate Professional Making News

Robinson Sigma Commercial Real Estate, Inc. (757-640-7130) announces that April Koleszar has joined the company's retail services division.

Mall Properties, Inc. (212-935-1330) announces that Joseph Giantomaso has joined the company as an associate responsible for directing the company's construction activities.

National Realty & Development Corp. (914-694-4444) recently appointed Richard A. Baker as president and chief operating officer. He will now oversee all operations of the company. For the past four years, Baker served as senior vice president of the company.

Hiffman Shaffer Associates, Inc. (312-332-3555) announces that Jay Eigel has joined the company's retail brokerage group as vice president. In his new position Eigel will be responsible for land acquisition and disposition for national and regional corporations and developers.

Don M. Casto Organization (614-228-5331) announces that Steven D. Friedman has been promoted to director of retail leasing for the company. He will be responsible for the management of all retail leasing and retail brokerage functions. The company's portfolio includes more than 10 million sq.ft. in FL, IL, OH and PA.

Baird & Warner Commercial (312-368-5867) announces that Addie Smith has joined the company as vice president and director of the retail services division.

 

Exclusives: Leasing & Management Assignments

Jeffrey Realty (908-668-9600) has been appointed by Trader Joes as its exclusive tenant representative in central and northern NJ. Trader Joes, which operates 90 upscale grocery stores, is seeking spaces between 5,000 sq.ft. and 10,000 sq.ft. in middle to upper income communities, generally numbering 20,000 college-educated households within a five-mile trade area.

Garrick-Aug Associates Store Leasing, Inc. (212-557-9090) has been named the exclusive leasing agent for 200 Greenwich Avenue in Greenwich, CT, a multi-tenant retail building located across the street from Saks Fifth Avenue. Co-tenants include The Limited and Victoria's Secret. The company has also been named the exclusive leasing agent for Fairfield Shopping Center in Fairfield, CT; North Street Shopping Center in Danbury, CT and East Haven Shopping Center in East Haven, CT.

Mooney LeSage & Associates, Ltd. (414-797-9400) has been retained by Walgreens to sublease three WI stores. Sites range in size from 7,750 sq.ft. to 10,000 sq.ft. and are located in Milwaukee, Madison and Kenosha.

Divaris Real Estate, Inc. (757-497-2113) has been named the managing and leasing agents of four shopping centers. Each of the centers is anchored by Kmart and are part of a larger portfolio of Kmart anchored centers that have been assigned nationally to PM Realty Corp. The projects include: the 114,000 sq.ft. King's Gate Green Shopping Center in Williamsburg, VA; the 200,000 sq.ft. Cambridge Plaza in Cambridge, MD; the 165,550 sq.ft. Market Street Square in Elizabethtown, PA; and the 200,000 sq.ft. MacArthur Towne Center in Allentown, PA.

Clothing operates 12 locations in AK, AZ, CA, CO, ID, MN, OR, UT and WA. The