Issue Number 19 for the week of May 30, 1997
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The Dealmakers Issue Number 19 for the week of May 30, 1997.

General Merchandise Retailers Expanding Nationwide

Union Discount, Inc. trades as Union Discount at five locations in FL. The general merchandise stores occupy spaces of 6,000 sq.ft. in strip centers. Growth opportunities are sought in the existing market and surrounding states.

For more information, contact Muhammed Bhatti, Union Discount, Inc., 901 East 10th Avenue, Hialeah, FL 33010; 305-883-7884, Fax 883-7884.

Newmeyer, Inc. trades as Ben Franklin at four locations in OH, PA and WV. The general merchandise stores occupy spaces of 10,000 sq.ft. in strip centers. Preferred co-tenants include supermarkets, drug stores and card stores. Plans call for one opening in the coming 18 months. Expansion will take place in either OH or WV. Preferred demographics include a population of 50,000 within 10 miles earning $28,000 as the average income. The company cites JoAnne Fabrics as competition.

For more information, contact Charles Newmeyer, Newmeyer, Inc., Elm Terrace Shopping Center, Wheeling, WV 26003; 304-242-8636, Fax 242-8879.

Tuesday Morning, Inc. trades as Tuesday Morning at 289 locations nationwide. The general merchandise stores occupy spaces of at least 5,000 sq.ft. in freestanding facilities, specialty and strip centers. Plans call for 45 openings in the coming 18 months. Expansion will take place nationwide. Preferred demographics include a population of 100,000 within five miles, 70% of which should be white collar. Leases running five years are typical.

For more information, contact Karen Costigan, Tuesday Morning, Inc., 14621 Inwood Road, Dallas, TX 75244-3987; 972-387-3562, Fax 387-2344.

99 Cents Only Stores operates 45 locations in CA. The stores, selling brand name general merchandise, occupy spaces of 15,000 sq.ft. to 25,000 sq.ft. in downtown store fronts, freestanding facilities and neighborhood centers. Preferred co-anchors include supermarkets, drug stores and discount clothing retailers. Plans call for nine openings in the coming 12 months. Expansion will take place in Southern CA. Preferred demographics include a population of 30,000 within one mile earning at least $35,000 as the median household income. Leases running five years, with three five-year options, are typical.

For more information, contact Dane Gladden, 99 Cents Only Stores, 4000 East Union Pacific Avenue, City of Commerce, CA 90023; 213-980-8145, Fax 980-8160.

Homier Distributing trades as Homier at two locations in IN. The stores, selling general merchandise, tools and electronics, occupy spaces of 28,000 sq.ft. in freestanding facilities and strip centers. Growth opportunities will be sought during 1998 and 1999. Expansion will take place in the existing market.

For more information, contact Curt Kauffman, Homier Distributing, 84 Commercial Road, Huntington, IN 46750; 219-356-9477, Fax 356-4358.

 

Buyers & Sellers

Trout, Segall & Doyle LLC has the listing to sell the 18,000 sq.ft. Middleborough Plaza in Eastern Baltimore County, MD.

For more information, contact Howard Rew at (410-435-4000), Fax (435-4277).

Sutton Real Estate brokered the sale of Green Hills Shopping Center in Syracuse, NY. The 100,000 sq.ft. project has a 60,000 sq.ft. former Kmart store available for lease as well as small shop space.

For more information, contact Martin Merola or Kerry Mannion at (315-424-1111).

Federal Realty Investment Trust's wholly owned subsidiary Street Retail, Inc., through its alliance with CIM Group LLC, recently acquired three southern CA main street properties. The properties include the 45,000 sq.ft. JC Penney building and adjacent 32,500 sq.ft. parking lot in Santa Monica for $11 million. Future development is planned for the parking lot. In addition, a 15,000 sq.ft. two-store building anchored by Vidal Sassoon and two office tenants in Santa Monica was acquired for $3.9 million. Plans call for the property to be re-tenanted during the next 24 months. The third property acquired is a four-story, 20,000 sq.ft. building in San Diego, CA for $840,000. The property is expected to be re-tenanted during the next 24 to 36 months.

For more information, contact Federal Realty Investment Trust at (301-998-8100).

Divaris Real Estate, Inc. brokered the sale of the 5,000 sq.ft. former FCC Building in Virginia Beach, VA to CADAssist, a retailer of CAD software and services.

For more information, contact Michael Divaris or John Duffy, Jr. at (757-497-2113).

W.P. Carey & Co., Inc. recently completed the acquisition/leaseback of two properties on behalf of Corporate Property Associates. The properties include a Bon-Ton Department Store at Galleria Mall in Johnstown, PA and a 326,000 sq.ft. Bon Ton distribution facility in Allentown, PA. The purchase price was $12 million.

For more information, contact Matthew Walley at (212-492-8992).

Kimco Realty Corp. announces the acquisition of Carrollwood Commons in Tampa, FL. The 122,000 sq.ft. project is anchored by Staples and Ross Dress For Less. The property was acquired for $14 million. Kimco is in the market to acquire shopping centers nationwide.

For more information, contact Ed Senenam at (516-869-7230).

Excel Realty Trust, Inc. recently acquired five shopping centers in Fresno, CA (2); Chattanooga, TN; Dalton, GA and Thomasville, NC for a combined purchase price of $38.9 million. The properties were purchased for cash and were acquired at an average capitalization rate of 10.1%. All of the centers were built less than four years ago, with three of them newly constructed within the past year. Each of the centers is 100% leased and have a combined GLA of 420,000 sq.ft. Anchors at the projects include Home Depot, Winn-Dixie, PetsMart, Lowes Food, Blockbuster Music and United Artists.

For more information, contact Graham Bullick at (619-485-9400).

LRA Realty Advisors, Inc. represented THF Kendig Development, L.P. in its acquisition of Kendig Square Shopping Center in Lancaster, PA. The 260,000 sq.ft. project is anchored a 50,000 sq.ft. Weis Supermarket and an 87,000 sq.ft. Kmart.

For more information, contact Robert Rush at (215-957-1999), Fax (957-6570), email (LRAConsult@aol.com).

Pan Pacific Development, Inc. recently acquired Monterey Plaza Shopping Center in San Jose, CA. The 235,000 sq.ft. project is anchored by Wal*Mart and Walgreens. Lucky Stores owns its own 52,000 sq.ft. store at the shopping center. The project was acquired for $25.5 million. The company recently acquired Fairmont Shopping Center in Pacifica, CA. The 104,281 sq.ft. project is anchored by Lucky Stores and PayLess Drugs. It was acquired for $11.4 million. The company also recently acquired Lakewood Center in Windsor, CA. The 108,000 sq.ft. project is anchored by Rally's and was acquired for $9.5 million.

For more information, contact Stuart Tanz at (760-727-1002).

 

Sources of Financing

Bear Stearns Commercial Mortgage, Inc. (212-272-6104) recently closed a $2.7 million first mortgage loan for the 55,586 sq.ft. Centerpoint Center in Waco, TX and a $4.45 million first mortgage loan for three shopping centers in Virginia Beach and Newport News, VA.

Capital Lease Funding, L.P. (212-587-7676) recently introduced its Extended Amortization Program (EAP). This program provides borrowers with properties net leased to investment grade tenants the ability to extend the term of their loan for up to five years beyond the end of the primary lease term, on a self-liquidating, non-recourse basis. The EAP is an expansion of CLF's proprietary Hybrid Bond Lease Program (HBLP), through which double and triple net leases with investment grade tenants are enhanced to bond type status. These enhancement programs allow CLF to finance leases as credit transactions, rather than real estate, at 1.003 X debt service coverage (including fixed increases in rent) without traditional loan to value constraints.

By combining the HBLP with the new EAP, borrowers can benefit from up to five years of additional amortization, which increases their net loan proceeds by up to 20%. Equally beneficial, this program allows borrowers to defer substantial taxable amortization beyond the primary lease term, dramatically reducing "phantom income" (taxable income in excess of cash distributions) during the initial term of the lease. The program offers the borrower the option of either obtaining full financing or foregoing additional net loan proceeds for increased cash flow while still persevering the same significant tax benefits.

Each EAP loan will be underwritten both as a credit transaction, where the primary focus is on the lease, tenant and cash flow, and as a real estate transaction, with emphasis on the recovery value of the property at the end of the initial term of the lease. The EAP will offer self-liquidating loans for terms that are five years longer than the typical 10 year, 15 year or 20 year lease. The EAP will be available to borrowers seeking to finance newly completed projects or to refinance existing loans where the initial term of the lease has been reduced to a point where conventional methods of refinancing are no longer economical. This program is available for loans greater than $5 million, with no upper limit on loan size.

Manhattan Bagel Company, Inc. (908-544-0155) announces that Franchise Mortgage Acceptance Corp. (FMAC) has agreed to provide up to $35 million in financing through three different programs for new and existing franchisees. The agreement incorporates programs for area developers and single-unit operators as well as existing franchisees desiring to upgrade their stores to the chain's new prototype design. FMAC's program for area developers offers a minimum of $1 million in financing per developer for multiple locations opened by qualified candidates with extensive foodservice or retail management experience. The program offers 100% financing or a maximum of $200,000 per unit, for a minimum of five units.

Goldman Sachs & Co. announces the formation of Central Park Capital, LLC (770-352-0117). The newly formed company is a direct commercial real estate lending source.

 

Apparel Tenants Expanding Nationwide

Tighe Retail Ltd. trades as East Prospect Factory Outlet at two locations in PA and VA. The stores, selling apparel, swimwear, dancewear and gym apparel, occupy spaces of 2,000 sq.ft. to 4,000 sq.ft. in freestanding facilities and outlet centers. Plans call for as many as four openings in the coming year. Expansion will take place in FL, PA and VA.

For more information, contact Al Berryman, Tighe Retail Ltd., 333 East 7th Avenue, York, PA 17405; 717-852-6966, Fax 852-6973.

Russell Factory Outlet Store/Jerzee operates 36 locations nationwide. The stores, selling family apparel, occupy spaces of 3,000 sq.ft. to 4,000 sq.ft. in outlet centers. Growth opportunities are sought nationwide.

For more information, contact Mark Golden, Russell Factory Outlet Stores/Jerzee, PO Box 272, Alexander City, AL 35010; 205-329-4000, Fax 329-5515.

Lawrence Merchandising Corp. does business as Charlotte Russe at 37 locations in AZ, CA and NV. The stores, selling women's apparel and accessories, occupy spaces of 6,000 sq.ft. to 10,000 sq.ft. in outlet centers and regional malls. Plans call for as many as 10 openings in the coming year. Expansion will take place nationwide.

For more information, contact Bernie Zickner, Lawrence Merchandising Corp., 5015 Shoreham Place, San Diego, CA 92122; 619-587-9900, Fax 587-0907.

United Retail Group, Inc. trades as The Avenue and Sizes Unlimited at 575 locations nationwide. The women's apparel stores occupy spaces of 4,000 sq.ft. to 4,500 sq.ft. in downtown store fronts, regional malls, power, specialty and strip centers. Plans call for as many as 40 openings in the coming 18 months. Expansion will take place nationwide with a focus on the East and West coasts. Preferred demographics include a population of 100,000 within five miles earning $45,000 as the average income. Leases running 12 years are typical and the company prefers a vanilla box plus T.I. allowance. The company cites department stores and competition.

For more information, contact Alan Jones, United Retail Group, Inc., 365 West Passaic Street, Rochelle Park, NJ 07662-6563; 201-845-0880, Fax 909-3828.

Dress Barn, Inc. trades as Dress Barn and LJ's Fashions at 800 locations nationwide. The women's apparel stores occupy spaces of 4,000 sq.ft. in strip centers. Plans call for 50 openings during 1997. Expansion will take place nationwide.

For more information, contact Elise Jaffe, Dress Barn, Inc., 30 Dunigan Drive, Suffern, NY 10901; 914-369-4500, Fax 369-4750.

Tom James Co. trades as Tom James at 125 locations nationwide. The men's apparel stores occupy spaces of 1,400 sq.ft. in the retail section of office buildings. Growth opportunities are sought nationwide.

For more information, contact Phil Williams, Tom James Co., PO Box 1469, Brentwood, TN 37024-1469; 615-771-1122.

Victory Systems, Inc. does business as T-Shirts Plus at 100 locations nationwide. The stores, selling imprintable sportswear, occupy spaces of 800 sq.ft. to 2,500 sq.ft. in outlet centers and regional malls. Growth opportunities are sought nationwide.

For more information, contact Don Buster, Victory Systems, Inc., PO Box 20608, Waco, TX 76702-0608; 817-776-8872, Fax 776-6838.

Griffin 88 Stores, Inc. trades as Hi-Lites at 30 locations in NC and SC. The stores, selling women's and junior's sportswear at popular price-points, occupy spaces of 3,000 sq.ft. in outlet, 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.

For more information, contact Todd Griffin, Griffin 88 Stores, Inc., 400 Martin Street, Polkton, NC 28135; 704-272-8021, Fax 272-8028.

Reynolds Brothers, Inc. does business as Rafters at 12 locations in MD and NJ. The stores, selling women's apparel, sportswear and outerwear, occupy spaces of 6,000 sq.ft. to 8,000 sq.ft. in power and strip centers. Growth opportunities are sought in the existing markets.

For more information, contact Edwin Snyder, Reynolds Brothers, Inc., 1000 Airport Road, Lakewood, NJ 08701; 908-367-5600, Fax 367-3625.

World Apparel Products trades as Sunshine Blues at 28 locations in NJ and PA. The stores, selling casual apparel, occupy spaces of 2,500 sq.ft. to 4,500 sq.ft. in strip centers. Growth opportunities are sought in the existing markets.

For more information, contact Ravi Chawla, World Apparel Products, 14001 Townsend Road, Philadelphia, PA 19154; 215-464-5000, Fax 673-8932.

Rolane Factory Outlet Corp. trades as Rolane Factory Outlet at nine locations in GA, NC, TN and VA. The stores, selling men's and women's apparel and accessories, occupy spaces of 8,000 sq.ft. to 24,000 sq.ft. in downtown store fronts, freestanding facilities and strip centers. Growth opportunities are sought in the existing markets.

For more information, contact Joseph Horn, Rolane Factory Outlet Corp., 1010 Howard Street, Greensboro, NC 27403; 910-854-8602, Ext. 12, Fax 855-1235.

Charming Shoppes, Inc. trades as Fashion Bug at 1,125 locations nationwide. The women's apparel stores occupy spaces of 7,000 sq.ft. to 9,000 sq.ft. in strip centers. Plans call for 25 openings during 1997. Expansion will take place in the Midwestern, Northeastern and Southeastern regions.

For more information, contact Jonathan Graub, Charming Shoppes, Inc., 450 Winks Lane, Bensalem, PA 19020; 215-638-6902, Fax 638-6919.

Wet Seal, Inc. trades as Wet Seal at 136 locations nationwide. The stores, selling junior and misses apparel, occupy spaces of 3,500 sq.ft. to 4,500 sq.ft. in regional malls. Growth opportunities are sought nationwide, exclusive of CA and WA.

The company also trades as Contempo Casuals at 235 locations nationwide. The stores, selling junior and misses apparel, occupy spaces of 3,500 sq.ft. to 4,500 sq.ft. in regional malls. Growth opportunities are sought nationwide, exclusive of CA and WA.

For more information, contact Heather Hollister, Wet Seal, Inc., 64 Fairbanks, Irvine, CA 92718; 714-583-9029, Fax 583-0715.

Levy & Levy trades as Wings at 60 locations in AL, CA, FL, MA, NY, NC, SC, TN and TX. The stores, selling unisex sportswear, activewear and accessories, occupy spaces of 4,000 sq.ft. to 10,000 sq.ft. in strip centers. Growth opportunities are sought in the existing markets.

For more information, contact Alex Kozlowsky, Levy & Levy, 18 East 42nd Street, New York, NY 10017; 212-922-9087, Fax 922-9346.

Desmond Formalwear, Inc. trades as Desmond's Formalwear at 53 locations in IL, IN, IA, KS, KY, MI, MN, MO, NE, OH, SD and WI. The men's formalwear stores occupy spaces of 800 sq.ft. in regional malls. Preferred anchors include Lord & Taylor. Plans call for eight openings in the coming 18 months. Expansion will take place within the existing markets. Preferred demographics include a population of 85,000 within five miles. Leases running six to 10 years are typical.

For more information, contact Stephen Sheely, Desmond's Formalwear, Inc., 400 Main Street, La Crosse, WI 54602; 608-781-7770, Fax 781-5125.

Moray, Inc. does business as Barbara Moss and B. Moss Clothing at 60 locations in CT, KY, ME, MD, MA, NH, NJ, NY, NC, OH, PA, VA, VT and WV. The stores, selling women's apparel, lingerie, footwear, cosmetics and accessories, occupy spaces of 3,500 sq.ft. to 4,000 sq.ft. in regional malls. Preferred anchors include department stores. Plans call for as many as 15 openings in the coming 18 months. Expansion will take place in IN, KY, NC, OH and TN. Leases running 10 years, with options, are typical and the company cites Paul Harris and The Limited as competition.

For more information, contact Richard Moss, Moray, Inc., 550 Meadowlands Parkway, Secaucus, NJ 07094; 201-866-6677, Fax 866-0387.

A&E Stores trades as J. Chuckles, Strawberry and Bolton's at 65 locations in NJ, NY and PA. The stores, selling men's, women's and children's apparel, occupy spaces of 5,000 sq.ft. in power and strip centers. Preferred anchors include T.J. Maxx. Plans call for 12 openings in the coming 18 months. Expansion will take place in the existing markets. Leases running 21 years are typical.

For more information, contact Murry Jetton, A&E Stores, 1000 Huyler Street, Teterboro, NJ 07600; 201-393-0600, Fax 393-8967.

 

New Construction

Baita International, Inc. recently acquired 22.88 acres of land at the intersection of Congress Avenue and Old Boynton Road in Boynton Beach, FL. The site will be developed into a 219,931 sq.ft. power center by Baita International and Boynton Commons Corp. Anchors tenants will include a 27,000 sq.ft. Barnes & Noble; a 39,832 sq.ft. Bed Bath & Beyond; a 15,400 sq.ft. Old Navy Clothing Co. and a 42,972 sq.ft. Sports Authority. A 15,930 sq.ft. Walgreens and an 8,000 sq.ft. Video Avenue Video store will occupy two outparcels. The center has 19,800 sq.ft. of small shop space currently available for lease. A Spring 1998 opening is planned.

For more information, contact Baita International, Inc. at (404-636-6778).

L.F. Jennings recently broke ground on two Target stores in Alexandria and Burke, VA. Each store will be 118,000 sq.ft. and both stores are expected to be completed during October. The company also recently broke ground on a Shoppers Food Warehouse store at Central Park Shopping Center in Fredericksburg, VA. The 77,000 sq.ft. store is expected to be completed next month. The company previously did the site-work and built the PetsMart, Best Buy, HomePlace and Target stores at the project, which at build out will have one million sq.ft. of retail space and a total of two million sq.ft. of mixed use space.

For more information, contact L.F. Jennings at (703-241-1200).

New Plan Realty Trust recently completed phase I of Six Flags Factory Outlets in Jackson, NJ. Phase I of the project consists of 50 outlet stores in 195,000 sq.ft. space. Another 100,000 sq.ft. with 30 to 35 stores will be added in phase II later. The project is located less than a mile from Six Flags Great Adventure Theme Park and Safari and a shuttle bus from the theme park so the outlet center is provided to children can visit the theme park while their parents shop.

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

First Washington Realty Trust, Inc. recently completed phase II construction at Centre Ridge Marketplace in Centreville, VA, bringing the project's GLA to 104,154 sq.ft. The center, which is anchored by a 55,000 sq.ft. SuperFresh Supermarket, had 30,000 sq.ft. of space added. Anchoring the newly built space is a 24,400 sq.ft. Sears Paint and Hardware store and five additional tenants totalling over 9,900 sq.ft. The Sears Paint and Hardware store is the first of a new prototype to open in the Washington, D.C. area.

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

The Jaffee Companies is currently developing Huebner Oaks Center in San Antonio, TX. The 400,000 sq.ft. project, which is being developed in phases, is anchored by an 82,700 sq.ft., 24-screen AMC Theater, a 35,000 sq.ft. Bed Bath & Beyond, a 28,500 sq.ft. Ross Store, a 27,500 sq.ft. Borders bookstore, and a 14,000 sq.ft. Old Navy Clothing Co. store. Other retailers include Pier 1 Imports, Pearle Vision, The Humidor, All Ashore and Southwestern Bell Wireless. Restaurants at the project include La Madeleine French Bakery, Max's Deli, Champp's Americana, On The Border and Saltgrass Steakhouse. Several of the retailers are making their debut in San Antonio at the site. The center is located near Six Flags Fiesta Texas and the University of Texas at San Antonio. Spaces remain available for lease.

For more information, contact Michael Jaffee of The Jaffee Companies at (512-494-1555), Fax (494-1585).

 

Lease Signings

Flocke & Avoyer Commercial Real Estate (619-280-2600) leased 900 sq.ft. to Coldstone Creamery in San Diego, CA; and five spaces totaling 53,490 sq.ft. to La Jolla Patio and Mattress at the following locations: in La Mesa, CA; at a former Trend Furniture location in San Diego, CA; at Palm Promenade in San Diego, CA; at Pacific Coast Plaza in Oceanside, CA and at Encinitas Ranch Town Center in Encinitas, CA. The company also leased 2,400 sq.ft. to Cathy's Hallmark at Southland Plaza in San Diego, CA; 3,075 sq.ft. to Leslie's Pool Supplies at Twin Peaks Plaza in Poway, CA and 500 sq.ft. to Pagers Unlimited at Mira Mesa Mall in San Diego, CA.

Fidelity Land Development Corp. (201-966-2800) leased 23,900 sq.ft. to Kings Supermarket at Crescent Center in Florham Park, NJ.

Capital Realty Advisors, Inc. (561-744-1088) leased 9,217 sq.ft. to Tuesday Morning, Inc. at Shops at Palm Coast in West Palm Beach, FL and 3,378 sq.ft. to Krane Products at America Plaza in Jupiter, FL.

Prime Sites Realty, Inc. (215-628-9860) leased 52,000 sq.ft. to Redner's Warehouse Markets in Nesquehoning, PA and 45,000 sq.ft. to Redner's Warehouse Markets in Boyertown, PA.

Edgray USA (914-747-9560) leased 6,000 sq.ft. to Applebee's Neighborhood Grill & Bar at Manufacturers Outlet Center in Mount Kisco, NY.

Sigma National, Inc. (804-320-6100) leased 23,500 sq.ft. to OfficeMax at Spotswood Valley Square in Harrisonburg, VA and 23,500 sq.ft. to OfficeMax at Apple Blossom Corners in Winchester, VA.

Grubb & Ellis (714-937-0881) leased 23,500 sq.ft. to OfficeMax at Village Center in Victorville, CA.

Divaris Real Estate (757-497-2113) leased 18,975 sq.ft. to Hechinger Company in Chesapeake, VA.

R.J. Waters & Associates, Inc. (610-444-6000) leased 6,000 sq.ft. to Hollywood Video and an additional 24,000 sq.ft. to Giant Food Store, to bring the store's size to 64,000 sq.ft., at Center Point Place in Warminster, PA. In addition, the company leased 8,213 sq.ft. to Overtime Sports at Plumstead Square in Plumsteadville, PA and 1,200 sq.ft. to Rockland Plaza Beer Distributors at Rockland Plaza in Reading, PA.

 

Food Tenants Hungry for Sites Nationwide

Starbucks Coffee Co. trades as Starbucks Coffee at more than 780 locations throughout North America. The stores, serving gourmet coffees, occupy spaces of 300 sq.ft. to 2,500 sq.ft. in downtown store fronts and freestanding facilities. Plans call for the company to be operating 1,500 units by the year 2000.

For more information, contact Yves Mizrahi, Starbucks Coffee Co., PO Box 34067; Seattle, WA 98134-1067; 206-447-1575, Fax 625-9068.

Consumer Food Services L.L.C. trades as Burger King at 10 locations in NJ and NY. The fast food restaurants occupy spaces of 3,000 sq.ft. in freestanding facilities and regional malls. Plans call for two openings in the coming 18 months. Expansion will take place in the existing markets. Preferred demographics include a population of 40,000 within two miles earning $40,000 as the average income. Leases running 20 years are typical.

For more information, contact Charles Mazzocchi, Consumer Food Services L.L.C., 114 McClean Avenue, Staten Island, NY 10305-4656; 718-390-0311, Fax 390-0404.

Mr. Subb, Inc. trades as Mr. Subb at 27 locations in NY. The restaurants, serving submarine sandwiches, occupy spaces of 1,100 sq.ft. to 1,500 sq.ft. in freestanding facilities and strip centers. Plans call for 10 openings in the coming 18 months. Expansion will take place in the Northeastern region. Preferred demographics include a population of 10,000 within two miles earning $20,000 as the average income. Leases running five to 10 years are typical. The company is franchising and cites Subway as competition.

For more information, contact Gary Sheehan, Mr. Subb, Inc., 601 Columbia Street, Cohoes, NY 12047; 518-783-0276, Fax 783-0294.

C&B Restaurant Corporation trades as Kentucky Fried Chicken at nine locations in NJ and NY. The chicken restaurants occupy spaces of 2,200 sq.ft. in downtown store fronts. Preferred anchors include supermarkets. Plans call for two openings in the coming 18 months. Expansion will take place in NJ. The company cites Boston Market as competition.

For more information, contact Joseph Cavegn, C&B Restaurant Corporation, 14 Johns Street, Stony Point, NY 10980-1912; 914-429-7504, Fax 429-7564.

Creative Food Corporation trades as Burger King at 17 locations in NJ and NY. The fast food restaurants occupy spaces of 2,000 sq.ft. in regional malls. Plans call for six openings in the coming 18 months. Expansion will take place in the existing markets. Preferred demographics include a population of 50,000 within two miles earning $25,000 as the average income. Leases running 20 years are typical.

For more information, contact Joe Della Monica, Creative Foods Corporation, 310 East Shore Road #207, Great Neck, NY 11023-2432; 516-466-3880, Fax 466-5680.

Pergom, Inc. does business as Walt's Roast Beef at seven locations in RI. The fast food restaurants occupy spaces of 1,800 sq.ft. in freestanding facilities and strip centers. Preferred anchors include retail users and movie theaters. Plans call for the opening of four units in the coming 18 months. Expansion will take place in MA and RI. Preferred demographics include a population of 50,000 within three miles earning $30,000 as the average income. Leases running 10 years are typical.

For more information, contact Raymond Perrotta, Pergom, Inc., 680 Reservoir Avenue, Cranston, RI 02910; 401-785-2530.

Checkers Drive-In Restaurants trades as Checkers Drive-In at 459 locations in 20 states, primarily in the Southeastern region. The fast food restaurants occupy freestanding facilities running 750 sq.ft. on a land area running 20,000 sq.ft. Preferred anchors include Kmart, Wal*Mart and supermarkets. Plans call for 40 openings in the coming 18 months. Expansion will take place in NJ, NY and Puerto Rico. Preferred demographics include a population of 25,000 within one mile earning $35,000 as the average income. The company prefers to locate its restaurants on roads having a daily traffic count of at least 25,000. Leases running five to 10 years, with five five-year options, are typical and the company, which is franchising, cites Burger King, McDonald's, Sonic and Wendy's as competition.

For more information, contact Bill Rosich, Checkers Drive-In Restaurants, 24 Perimeter Park Drive, Building 24, Suite 102, Atlanta, GA 30341; 770-986-9799.

Basset's Original Turkey operates 13 locations in FL, MD, NJ and PA. The restaurants occupy spaces of 500 sq.ft. to 1,500 sq.ft. in downtown store fronts and regional malls. Plans call for 20 openings in the coming 18 months. Expansion will take place throughout the Northeastern region. Leases running 10 years are typical and the company cites Boston Market as competition. The company is franchising.

For more information, contact Steven Beagelman, Basset's Original Turkey, 228 Lakeside Drive, Horsham, PA 19044; 215-675-9670.

Dijan, Inc. does business as Arby's at nine locations in NJ, PA, VA and WV. The fast food restaurants occupy spaces of 500 sq.ft. to 3,600 sq.ft. in freestanding facilities, regional malls, outlet, power and strip centers. Preferred anchors include Kmart and Wal*Mart. Plans call for as many as three openings in the coming 18 months. Expansion will take place in PA, VA and WV. Leases running 10 years for mall locations and 20 years for freestanding locations are typical.

For more information, contact Roy McDonald, Dijan, Inc., 1647 Forest Acre Drive, Clarks Summit, PA 18411; 717-343-0666, Fax 343-7784.

Manhattan Bagel Company, Inc. trades as Manhattan Bagel Company at 335 locations in CA, CO, CT, FL, GA, ME, MD, MA, NH, NJ, NY, NC, PA, RI, SC, TX, VT, VA and Canada. The stores, selling bagels and related food items, occupy spaces of 1,200 sq.ft. to 2,200 sq.ft. in downtown store fronts, freestanding facilities and strip centers. Preferred anchors include supermarkets. Plans call for 100 openings in the coming 18 months. Expansion will take place in the existing market as well as in AR, IN, MI and NM. Preferred demographics include a population of 12,000 within one mile earning at least $35,000 as the average income. Leases running 10 years, with options, are typical and the company is franchising.

For more information, contact William Dentato, Esq., Manhattan Bagel Company, Inc., 246 Industrial Way West, Eatontown, NJ 07724-2206; 908-544-0155, Fax 544-1315.

Perry Restaurant Group trades as Dakota's, Perry's Fish House, Sirloin Saloon and Sweetwaters at eight locations in CT, MA, NY and VT. The restaurants occupy spaces of 9,500 sq.ft. in freestanding facilities and strip centers. Preferred anchors include movie theaters and hotels. Plans call for two openings in the coming 18 months. Expansion will take place in CT, NJ and PA. Preferred demographics include a population of 250,000 within five miles earning $50,000 as the average income. Leases running 30 to 40 years are typical.

For more information, contact David Melincoff, Perry Restaurant Group, 1908 Shelburne Road, Shelburne, VT 05482-7149; 802-985-8074, FAx 985-1074.

Subway Partners, Inc. trades as Subway at 34 locations in FL. The sandwich shops occupy spaces of 700 sq.ft. to 1,200 sq.ft. in downtown store fronts, freestanding facilities, power and strip centers. Preferred anchors include Publix, Winn-Dixie and Blockbuster. Plans call for five openings in the coming 18 months. Expansion will take place in southern FL. Preferred demographics include a population of 30,000 within two miles earning $45,000 as the average income. Leases running five years, with three five-year options, are typical. The company cites Burger King and McDonald's as competition.

For more information, contact John Giorgi, Subway Partners, Inc., 2415 NW 30th Street, Boca Raton, FL 33431; 561-479-3965, Fax 477-0175.

Sub Station II, Inc. trades as Sub Station II at 93 locations in AL, CA, FL, GA, KY, NV, NC, SC, TN and VA. The sandwich shops occupy spaces of 1,500 sq.ft. in downtown store fronts, freestanding facilities, regional malls and strip centers. Preferred anchors include Wal*Mart and supermarkets. Plans call for 20 openings in the coming 18 months. Expansion will take place in CA, KY, NC, SC and TN. Leases running three years, with options, are typical and the company cites Blimpie and Subway as competition.

For more information, contact Susan Vaden, Sub Station II., Inc., 425 North Main Street, Sumter, SC 29150-4232; 803-773-4711, Fax 775-2220.

Iowa Management Systems trades as Hardee's and Chesapeake Bagel Bakery at 15 locations in IA. The fast food restaurants and bagel stores occupy spaces of 3,500 sq.ft. in power, specialty and strip centers. Plans call for five openings in the coming 18 months. Expansion will take place in IL, IA and NE.

For more information, contact Lee Staak, Iowa Management Systems, 1700 South 1st Avenue #15, Iowa City, IA 52240-3924; 319-337-7777, Fax 337-8540.

Fortner Foods does business as Sir Pizza at 11 locations in TN. The pizza restaurants occupy spaces of 1,500 sq.ft. in freestanding facilities and strip centers. Preferred co-tenants include video stores. Plans call for six openings in the coming 18 months. Expansion will take place in the existing market. Preferred demographics include a population of 10,000 within three miles earning $30,000 as the average income. Leases running five years are typical and the company, which cites Pizza Hut and Dominos as competition, is franchising.

For more information, contact Rod Fortner, Fortner Foods, 830 Old Salem Road, Murfreesboro, TN 37129-4998; 615-896-9660, Fax 896-6568.

The Abkey Companies trades as Fuddruckers at 11 locations in FL and TN. The restaurants occupy spaces of 6,000 sq.ft. in freestanding facilities near regional malls. Preferred anchors include movie theaters. Plans call for six openings in the coming 18 months. Expansion will take place in the existing markets. Preferred demographics include a population of 200,000 within five miles earning $45,000 as the average income. Leases running 10 years, with two 10-year options, are typical.

For more information, contact Betty Amos, The Abkey Companies, PO Box 330927, Coconut Grove, FL 33233-0927; 305-442-4282.

Papa's Pizza To Go, Inc. trades as Papa's Pizza To Go at 80 locations in AL, GA, MS, NC, SC and TN. The restaurants, serving pizza, subs, salads, pasta and wings, occupy spaces of 900 sq.ft. to 1,500 sq.ft. in strip centers. Preferred anchors include supermarkets and video stores. Plans call for 15 openings in the coming 18 months. Expansion will take place nationwide. Leases running five years, with a five-year option, are typical and the company is franchising.

For more information, contact Kennith White, Papa's Pizza To Go, Inc., 2825 Breckenridge Boulevard, Duluth, GA 30136; 770-279-1434, Fax 279-1450.

MFP Franchise Systems, Inc. trades as My Friends Place at 12 locations in GA and TX. The fast food restaurants, serving health foods, occupy spaces of 1,400 sq.ft. in strip centers. Preferred anchors include hair salons and retail uses. Plans call for two openings in the coming 18 months. Expansion will take place in the Southeastern region. Preferred demographics include a population of 250,000 within two miles earning $50,000 as the average income. Leases running five years are typical and the company is franchising.

For more information, contact David Katz, MFP Franchise Systems, Inc., 106 Hammond Drive, Atlanta, GA 30328-4806; 404-843-2803, Fax 843-0371.

Cousin's Subs, Inc. trades as Cousin Subs at 115 locations in AZ, IL, MI, MN and WI. The sandwich shops occupy spaces of 1,500 sq.ft. in downtown store fronts, freestanding facilities, power and strip centers. Preferred co-tenants include video stores. Plans call for as many as 40 openings in the coming 18 months. Expansion will take place in AZ, IL, IN, MI, MN and TX. Leases running five years, with a five-year option, are typical and the company, which is franchising, cites Blimpie and Subway as competition.

For more information, contact Dave Kilby, Cousin's Subs, Inc., N 83 W 13400 Leon Road, Menomonee Falls, WI 53051; 414-253-770, Fax 253-7705.

Empress Food Products trades as Empress Chili at 16 locations in KY, IN and OH. The restaurants, specializing in chili, occupy spaces of 2,000 sq.ft. in downtown store fronts, freestanding facilities and strip centers. Growth opportunities are sought nationwide. Leases running five years are typical and the company is franchising.

For more information, contact Joseph Kiradjieff, Empress Food Products, 10592 Taconic Terrace, Cincinnati, OH 45215-1125; 513-771-1441, Fax 771-1442.

 

Lead Sheet

Sox Appeal Franchising, Inc.

dba Sox Appeal

Jennifer Johnson

6321 Bury Drive, Suite 1

Eden Prairie, MN 55346

800-899-8478, Fax 934-5665

Accessories

The 19-unit chain operates locations in CO, DE, MN, NJ and PA. The stores, selling hosiery, leg wear, socks and related items, occupy spaces of 500 sq.ft. to 700 sq.ft. in regional malls and airport terminals. Growth opportunities are sought nationwide. The company is franchising.

Hobby Lobby Stores

dba Hobby Lobby Creative Center

Bill Darrow

7707 SW 44th Street

Oklahoma City, OK 73179-4899

405-745-1100, Fax 745-1547

Arts & Crafts

The 148-unit chain operates locations in AL, AR, CO, IL, IN, IA, KS, LA, MS, MO, NE, NM, OK, TN and TX. The stores, selling arts and crafts supplies, occupy spaces of 45,000 sq.ft. in freestanding facilities, power and strip centers. Preferred co-anchors include Kmart, Target and Wal*Mart. Plans call for 30 openings in the coming 18 months. Expansion will take place within a 700 mile radius of Oklahoma City, OK. Preferred demographics include a population of 150,000 within three miles earning $40,000 as the average income. Leases running seven years are typical.

Genuine Parts Co.

dba NAPA Auto Parts

Karl Koenig

2999 Circle 75 Parkway

Atlanta, GA 30339

770-953-1700, Fax 956-2206

Automotive

The 5,700-unit chain operates locations nationwide, with the exception of DE, HI, OK and Washington, D.C. The stores, selling auto parts and accessories, occupy spaces of 8,000 sq.ft. in freestanding facilities. Preferred anchors include home center stores and general merchandise stores. Plans call for 40 openings in the coming 18 months. Expansion will take place nationwide, excluding DE, HI, OK and Washington, D.C. Leases running five years are typical and the company is franchising.

Bed Mart

Victoria Annecca

420 East Roosevelt Avenue

Lombard, IL 60148-4630

708-268-0239

Bedding

The 26-unit chain operates locations in IL. The stores, selling mattress and box springs, occupy spaces of 2,000 sq.ft. in strip centers. Plans call for as many as three openings in the coming 18 months. Expansion will take place in the Chicago, IL market. Preferred demographics include a population of 50,000 within three miles earning $49,000 as the average income. Leases running five years are typical.

Lemstone Books

Kevin Holly

1123 Wheaton Oaks Court

Wheaton, IL 60187-3051

630-682-1400, Fax 682-1828

Books

The 76-unit chain operates locations nationwide. The stores, which sell Christian-themed books, music and gifts, occupy spaces of 1,400 sq.ft. to 2,000 sq.ft. in regional malls. Plans call for 18 openings in the coming 18 months. Expansion will take place nationwide. Preferred demographics include a population of 170,000 within 15 miles earning $40,000 as the average income. Leases running 10 years are typical and the company is franchising.

Windsor Card Shop, Inc.

dba Windsor Card Shop

David Ricci

1839 Hance Bridge Road

Millville, NJ 08332-1242

609-825-7755, Fax 825-4434

Cards & Gifts

The nine-unit chain operates locations in NJ and PA. The card and gift stores occupy spaces of 3,500 sq.ft. in strip centers. Preferred anchors include supermarkets. Plans call for one opening in the coming 18 months. Expansion will take place in either DE, NJ or PA. Leases running 10 years are typical.

Ira A. Watson Co.

dba Watson's

Sam Watson

200 Hayfield Road

Knoxville, TN 37922-2303

423-690-6000, Fax 691-5448

Department Store

The 28-unit chain operates locations in AL, IN, KY, MO, NC, SC, TN, VA and WV. The department stores, offering family apparel, shoes, accessories and home furnishings, occupy spaces of 26,000 sq.ft. in strip centers. Preferred co-tenants include supermarkets and discount stores. Plans call for two openings in the coming 18 months. Expansion will take place within the existing markets. Preferred demographics include a population of 60,000 within 15 miles earning $30,000 as the average income. Leases running 10 years are typical. The company cites Goodys and Peebles as competition.

Downeast Pharmacy, Inc.

dba Downeast Pharmacy

Michael Fiori

4 Union Street

Bangor, ME 04401-6457

207-945-4161, Fax 945-3490

Drug Store

The 10-unit chain operates locations in ME and VT. The drug stores occupy spaces of 5,000 sq.ft. in downtown store fronts and strip centers. Plans call for the opening of four units in the coming 18 months. Expansion will take place in NH. Leases running five years are typical. The company recently worked a deal with Shaw's Supermarkets to lease space inside their new and remodeled stores in ME, NH and VT.

Fabric Bonanza

dba Fabric Bonanza Floral, Craft

Warren McClure

350 Karin Lane

Hicksville, NY 11801-5328

516-681-0505, Fax 681-0636

Fabric

The 21-unit chain operates locations in CT, NJ and NY. The stores, selling fabrics and crafts, occupy spaces of 9,000 sq.ft. in downtown store fronts, freestanding facilities, regional malls, power and strip centers. Preferred anchors include major fashion retailers. Plans call for three openings in the coming 18 months. Expansion will take place in the existing markets. Preferred demographics include a population of 100,000 within three miles earning $40,000 as the average income. Leases running five to 10 years are typical and the company cites JoAnne Fabrics as competition.

R.H. Kuhn Co., Inc.

dba Freight Liquidators

Michael Kuhn

923 Bidwell Street

Pittsburgh, PA 15233-2005

412-323-1300, Fax 323-2016

Furniture

The 14-unit chain operates locations in OH, PA and WV. The furniture stores occupy spaces of 25,000 sq.ft. to 35,000 sq.ft. in strip centers. Preferred co-tenants include discount retailers. Plans call for two openings in the coming 18 months. Expansion will take place in western PA, eastern OH or northern WV. Preferred demographics include a population of 50,000 within five miles earning $30,000 as the average income. The company cites Value City as competition.

Hammonds Gifts

James Hammond

8046-A Presidents Drive

Orlando, FL 32809-7647

407-438-8897, Fax 438-8909

Gifts

The seven-unit chain operates locations in FL. The stores, selling gifts and convenience items, occupy spaces of at least 400 sq.ft. in outlet and specialty centers. Plans call for three openings in the coming 18 months. Expansion will take place in tourist/resorts areas of the existing market.

Hair Cuttery

dba The Hairy Cuttery

Lester Mardiks

2815 Hartland Road

Falls Church, VA 22043-3536

703-698-7090, Fax 698-0242

Hair Salon

The 600-unit chain operates locations nationwide. The hair salons occupy spaces of 1,200 sq.ft. in strip centers. Preferred anchors include supermarkets, drug stores and department stores. Plans call for 150 openings in the coming 18 months. Expansion will take place nationwide. Leases running five years, with a five-year option, are typical.

Reeds Jewelers

dba Reeds Jewelers, Mills Jewelers,

Melart Jewelers, Reeds Outlet

Herbert Zimmer

PO Box 2229

Wilmington, NC 28402

910-350-3100, Fax 350-3353

Jewelry

The 97-unit chain operates locations in AL, FL, GA, KS, MD, MS, NC, OK, SC, TN, VA, WV and Washington, D.C. The jewelry stores occupy spaces of 1,200 sq.ft. in regional malls. Plans call for five openings in the coming 18 months. Expansion will take place within the existing markets. Leases running 10 years are typical.

Sharon Luggage Ltd.

dba Sharon Luggage & Gifts

Paul Stieger

8000 Arrow Ridge Road

Charlotte, NC 28273-5604

704-525-4066

Luggage

The 15-unit chain operates locations in NC and SC. The stores, selling luggage and travel accessories, occupy spaces of 3,000 sq.ft. to 7,000 sq.ft. in downtown store fronts and freestanding facilities. Preferred anchors include department stores. Plans call for one opening in the coming 18 months. Expansion will take place within the existing markets. Leases running eight years are typical.

OfficeMax, Inc.

dba OfficeMax

Mark Keschi

3605 Warrensville Center Road

Shaker Heights, OH 44122-5248

216-921-6900, Fax 283-3365

Office Supply

The 590-unit chain operates locations in 48 states and Puerto Rico. The stores, selling office supplies, furniture, computers and offering business services, occupy spaces of 23,500 sq.ft. in a variety of real estate settings. Preferred co-anchors include discount department stores and hardgood retailers. Plans call for 200 openings in the coming 18 months. Expansion will take place nationwide. Preferred demographics include a trade area population of 80,000 earning $30,000 as the average income. Leases running 10 years are typical and the company cites Office Depot and Staples as competition. The company prefers build-to-suit deals.

Sun Shade Optique

Charles Hao

870 Market Street #1047

San Francisco, CA 94102-2905

415-398-6796, Fax 398-6635

Optical

The 24-unit chain operates locations in CA. The stores, selling sunglasses, occupy spaces of 500 sq.ft. in regional malls. Plans call for three openings in the coming 18 months. Expansion will take place in the Western region. Preferred demographics include a population of 100,000 within 10 miles earning $50,000 as the average income. Leases running 10 years are typical and the company cites Sunglass Hut as competition.

Best Friends Pet Resorts & Salons

Pat Chiacchia

520 Main Street

Norwalk, CT 06851

203-846-3360, Fax 846-4834

Pet Services

The 17-unit chain operates locations in AZ, CA, CO, CT, GA, IN, MA, MI, NJ, NY, OH, OK and TX. The concept, which offers boarding, grooming, veterinary services, training, day care and hospice services for pets, occupy spaces of 15,000 sq.ft. in freestanding facilities. Plans call for the company to be operating 200 locations by 1999. Expansion will take place nationwide, with an emphasis on NH to VA. The company, which prefers build-to-suit deals, is franchising.

Harwyn Enterprises, Inc.

dba Harwyn Shoes

J. Robert Blumenthal

445 Westbury Boulevard

Hempstead, NY 11550-1940

516-483-8600, Fax 483-8766

Shoes

The 18-unit chain operates locations in CT, NJ, NY and PA. The stores, selling branded men's shoes, occupy spaces of 1,600 sq.ft. in regional malls. Plans call for as many as four openings in the coming 18 months. Expansion will take place in CT and PA.

Pinch A Penny

John Thomas

14480 62nd Street North

Clearwater, FL 34620-2700

813-531-8913, Fax 536-8066

Specialty

The 113-unit chain operates locations in AL, FL and GA. The stores, selling swimming pool supplies and patio furniture, occupy spaces of 2,000 sq.ft. to 4,000 sq.ft. in strip centers. Growth opportunities are sought throughout the Southeastern region.

Turner's Outdoorsman

Billy Andrews

12615 Colony Street

Chino, CA 91710-2975

909-590-7425, Fax 590-7916

Sporting Goods

The 12-unit chain operates locations in CA. The stores, selling hunting, fishing and shooting sporting goods, occupy spaces of 6,000 sq.ft. in strip centers. Plans call for two openings in the coming 18 months. Expansion will take place in the existing market. Preferred demographics include a population of 300,000 within five miles earning $40,000 as the average income. Leases running five years are typical.

Harold Friedman, Inc.

dba Friedman's, Bi-Lo Supermarket

Carole Bitter

530 Fairground Hill

Butler, PA 16001

412-283-6030, Fax 287-5549

Supermarket

The seven-unit chain operates locations in PA and WV. The supermarkets occupy spaces of 30,000 sq.ft. to 50,000 sq.ft. in downtown store fronts, freestanding facilities and strip centers. Growth opportunities are sought in the existing markets. Leases running 20 years, with options, are typical.

Dentt, Inc.

dba Hammond Toy & Hobby,

Dentt Distributing

Gale Hammond

4171 Marquis Way

Salt Lake City, UT 84124-3117

801-278-0157

Toys

The six-unit chain operates locations in UT. The stores, selling toys and hobby supplies, occupy spaces of 1,500 sq.ft. in regional malls. Plans call for one opening in the coming 18 months. Expansion will take place in the existing market. Leases running three to 10 years are typical.

Hollywood Entertainment Corp.

dba Hollywood Video

Billy Zebe, Sr.

25600 SW Parkway Center Drive

Wilsonville, OR 97070

503-570-1600, Fax 570-1681

Video

The 600-unit chain operates locations nationwide. The video stores occupy spaces of 7,500 sq.ft. in freestanding facilities, power and strip centers. Plans call for 600 openings in the coming 18 months. Expansion will take place nationwide. Preferred demographics include a population of 45,000 within three miles earning at least $35,000 as the average income. Leases running 10 years are typical and the company cites Blockbuster Video as competition.

 

Space Place

Colorado

Aurora- A 5,800 sq.ft. freestanding former Checker Auto Parts store is available for sublease through May 31, 2003. The site is located near Albertson's. Demographics include a five-mile population of 348,907 earning $54,529 as the average income. Also in Aurora- Michaels Aurora Plaza is anchored by Michaels, Fashion Gal and Payless Shoes. The 118,290 sq.ft. project has spaces of 1,391 sq.ft., 1,404 sq.ft. and 2,263 sq.ft. available for lease. Demographics include a five-mile population of 293,523 earning $49,965 as the average income. In Denver- Monaco Village is anchored by Hancock Fabrics. The 50,000 sq.ft. project has spaces of 1,200 sq.ft. and 1,800 sq.ft. available for lease. The project is located near King Soopers and Kmart. Demographics include a five-mile population of 356,784 earning $53,351 as the average income.

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

Florida

Ocala- Ocala/Marion Center is anchored by Staples, Rheinauer's and Cobb Theater. The 173,905 sq.ft. project has spaces from 10,000 sq.ft. to 15,000 sq.ft. available for lease. Demographics include a five-mile population of 84,709 earning $36,725 as the average household income. The site is located near Albertson's, Big Lots, Publix, Kmart and Wal*Mart. In Sarasota- Village Plaza is anchored by Publix and Service Merchandise. The 170,787 sq.ft. project has a 26,762 sq.ft. space available for lease. Demographics include a five-mile population of 157,682 earning $48,708 as the average income.

For details, contact Susie Levin Rice of RMC Realty Companies at (813-960-8154), Fax (963-2596).

New Jersey

East Windsor- Windsor Hights Shopping Center is anchored by SuperFresh, Thrift Drug, Payless Shoes and Blockbuster Video. The 95,000 sq.ft. project has 30,100 sq.ft. of space, which is divisible to 4,000 sq.ft. and 7,000 sq.ft., available for lease. Demographics include a five-mile population of 61,183 earning $82,893 as the average family income. In New Providence- Village Shopping Center is anchored by Acme, CVS, Blockbuster and a Post Office. The 85,000 sq.ft. project has a 1,600 sq.ft. space available for lease. Demographics include a five-mile population of 157,913 earning $128,067 as the average family income. The site is located near Short Hills Mall.

For details, contact Gary Vialona of Paragano Associates LLC at (201-376-1010), Fax (376-1037).

New York

Cheektowaga- Garden Village Plaza is anchored by Hills Department Store, Vix Drugs and Baby Central. The project has spaces of 960 sq.ft. to 6,600 sq.ft., as well as an outparcel for a 40,000 sq.ft. building, available for lease.

For details, contact Alan Hastings of Hastings Cohn Real Estate at (716-886-DEAL), Fax (886-0060).

Texas

College Station- A shopping center anchored by Tractor Supply Co., Consolidated Stores and Dollar General has a 20,091 sq.ft. space available for lease. The site is located near Texas A&M University.

For details, contact Paul Ajdaharian of Brandywine Real Estate Management Services Corp. at (813-726-6880).

Virginia

Fairfax- Jermantown Square is anchored by 7-11, Personal Touch Jewelers and Metro Video. The 12,595 sq.ft. project has spaces of 1,262 sq.ft., 2,261 sq.ft. and 2,520 sq.ft. available for lease. Also in Fairfax- West Fairfax has spaces of 2,504 sq.ft. and 3,005 sq.ft. available for lease. The site is located adjacent to Kmart and Boston Market. In Springfield- Springfield Plaza II is anchored by Kmart, Dress Barn, Baptist Book Store and Chili's. The 70,004 sq.ft. project has spaces of 1,200 sq.ft. and 12,768 sq.ft. available for lease. Demographics include a five-mile population of 282,011 earning $78,468 as the average income. In Woodbridge- Prince William Plaza II is anchored by Popeye's and a video store. The 44,833 sq.ft. project has spaces of 4,999 sq.ft., 5,130 sq.ft. and 20,800 sq.ft. available for lease.

For details, contact A.J. Dwoskin & Associates at (703-273-9320), Fax (273-5045).

 

Exclusives: Leasing & Managament Assignments

Jeffery Realty (908-668-9600) has been appointed the exclusive broker for T.G.I. Friday's in NJ. The 320-unit chain is seeking land leases or purchases, as well as end cap units in regional shopping centers. The restaurants require 6,800 sq.ft. sites that offer strong demographics and substantial highway visibility.

Baumgardner-Hogan, Inc. (502-426-1050) has been appointed the exclusive tenant representative for D.W. Wallcoverings in the MI, OH and KY markets. The outlet stores are seeking spaces running 8,000 sq.ft. to 10,000 sq.ft. in Lansing, Flint and Ann Arbor, MI and Lima, Columbus and Dayton, OH. The company has also been appointed the exclusive tenant representative for Kentuckiana Restaurants, LLC, dba Mr. Gatti's/Gattiland for the KY, IN and OH markets. Mr. Gatti's new prototype of 25,000 sq.ft. to 30,000 sq.ft. features one price buffet dining, party rooms and a large game room suited for the entire family. No alcohol is provided in the new prototype.

Berlow Real Estate, Inc. (716-852-7500) has been retained as the exclusive agent by Sun Television and Appliance to sublease all stores located in upstate NY. The properties include three 40,000 sq.ft. freestanding stores in metro Buffalo and two locations in metro Rochester. All of the stores are currently closed.

Gumberg Asset Management (954-537-2700) has been named the exclusive leasing and management agents for the 107,000 sq.ft. Eastgate Shoppers World in Greenbelt, MD; the 95,000 sq.ft. Lake Ida Plaza in Delray Beach, FL; the 230,000 sq.ft. Outlet Marketplace in Fort Mill, SC; the 103,000 sq.ft. River Run Center in Miramar, FL; the 350,000 sq.ft. Glen Burnie Center in Glen Burnie, MD; the 273,000 sq.ft. North Town Mall in Springfield, MO; the 256,000 sq.ft. South Oaks Centre in Springfield, MO and the 100,000 sq.ft. Interchange Square in Palm Bay, FL.

Childers Commercial Properties, Inc. (904-396-7750) has been appointed the exclusive agent for the leasing of seven former Winn-Dixie grocery stores in northeastern FL. Sites range in size from 23,764 sq.ft. to 41,125 sq.ft. and are located in Jacksonville, Green Cove Springs, Gainesville, Williston and Perry.

 

Who's Opening & Where

Target (612-304-6099) plans to build a 122,000 sq.ft. store at Augusta Exchange in Augusta, GA. The store is expected to open later this year.

Nordstrom, Inc. (206-628-1725) is rumored to be close to a deal to open a store at West County Center in Des Peres, MO.

Starbucks (206-447-1575) and Blockbuster Video (954-832-3000) plan to share space at a location in Kendall, FL. Starbuck's will have a 1,350 sq.ft. store adjacent to Blockbuster Video's store at Dadeland North Shopping Center. Starbucks' location will have an entrance from outside and from inside Blockbuster's store. If the test is successful, the two companies may expand the concept to other markets.

Borders, Inc. (313-913-1323) plans to open a 27,500 sq.ft. bookstore in Oxford Valley, PA during Fall.

Pacific Sunwear (714-701-4000) plans to open 50 stores in 1997 and 60 stores in 1998.

Manhattan Bagel Company (908-544-0155, www.manhattanbagel.com) recently opened its first store in the Dallas-Fort Worth, TX market at Pavillion 2 Shopping Center. The store is one of 40 planned for the market in the coming five years.

Syms (201-902-9600) plans to open 19 stores by 2002. Cities being scouted for sites include Atlanta, GA; Boston, MA; Chicago, IL; Detroit, MI; Houston, TX; Miami, FL and Baltimore/Washington, D.C.

Orchard Supply Hardware (408-281-3500), which was acquired by Sears last year, plans to open at least five stores in Sacramento, CA area within the coming year.

Pier 1 Imports (817-878-8000) recently opened an 8,623 sq.ft. store in College Township, PA. The company, which operates 725 stores worldwide, including 690 in the U.S., plans to open 55 stores this year. Beginning in 1998, the company plans to open 60 stores annually and is seeking sites in smaller markets because it has saturated most of the major metropolitan areas.

Successories (630-953-8440) recently finalized an agreement with Walden Book Company, Inc., a subsidiary of Borders Group, Inc., in which Successories will open 100 units in regional malls nationwide that will be owned and operated by Waldenbooks. The units, which will be open September through January, will double the number of Successories stores nationwide.

Lowe's Companies, Inc. (910-651-4223) plans to open 115,000 sq.ft. stores with 30,000 sq.ft. garden centers in West Marietta, Woodstock and Lilburn, GA before the end of the year.

Eddie Bauer (206-869-4720) plans to open a two-level 11,200 sq.ft. store at River Park Square in downtown Spokane, WA during August.

Dayton Hudson (612-375-3510) plans to convert its 122,000 sq.ft. Hudson's store at Glenbrook Square in Fort Wayne, IN into a Marshall Field's store before the end of the year.

 

Real Estate Professionals Making The News

The May Department Stores Company (314-342-6300) recently named Richard W. Bennett III as president and chief executive officer of Kaufmann's Department Stores. Bennett succeeds William T. Tobin who is retiring after 42 years with May Company. The company has also named William P. McNamara Jr. president and chief executive officer of its Famous-Barr department stores.

Adena Realty Advisors (614-436-9800) has recently been formed by Benton A. Benalcazar, Richard B. Schuen and Patrick K. Windley. The company will provide leasing, property management, investment sales and tenant representation services.

Horizon Group, Inc. (616-798-9100) recently named James S. Wassel as president/chief operating officer.

Toys 'R Us (201-599-7850) announces that Stephanie Klein Peponis has been appointed to the newly created position of vice president, strategic planning and business development. In her new position, Peponis will be responsible for internal growth opportunities and new businesses that can be developed through acquisitions or start-ups.

Bradlees, Inc. (617-380-8354) announces the appointment of Robert G. Lynn to the position of president and chief merchandising officer. In his new position, Lynn will be responsible for all aspects of the company's merchandising and marketing. Mr. Lynn is the former vice chairman and chief operating officer of American Eagle Outfitters, Inc. and from 1989 to 1993 served as president and chief executive officer of F.W. Woolworth.

Fru-Con Construction Corp. (314-391-6700) announces the promotion of Bruce A. Frost to president and chief executive officer.

Konover Construction Corporation (860-232-4545) announces the promotion of Gary Sherman to the position of director of retail construction.

El Pollo Loco (714-251-5000), a division of Flagstar Cos., has named Nelson J. Marchioli as its new president. Marchioli previously served as chief operating officer of Bruegger's Bagel Bakeries.

Family Dollar Stores, Inc. (704-847-6961) has named Howard R. Levine as president and chief operating officer.

Lambert Smith Hampton and Kenneth A. Kneale, Sr. have associated with Greenwood and Company Commercial Real Estate to form Greenwood LSH Commercial Real Estate, Inc. (310-478-7713). The newly created company will specialize in tenant representation, landlord representation, investment sales, net lease investments, retail sales and leasing and corporate consulting.

 

Closings

JC Penney (214-431-1000) plans to close its department store in downtown Holister, CA by the end of August. The store, the city's only department store, has been operated by JC Penney since 1925. The company cited poor sales as the reason for closing the store.

Jacobson Stores, Inc. (517-764-6400) plans to close its 33,800 sq.ft. clearance center in Troy, MI this month. The store is being closed because the company has shifted its marketing strategy regarding slow moving goods.

Diedrich Coffee (714-260-6785) plans to close 12 of its 46 coffee stores in CA. The company, which lost almost $1 million during fiscal 1996, is closing the stores in an effort to cut costs and return to profitability.

Target Stores (612-304-6099) plans to close its Everyday Hero store at the Mall of America in Bloomington, MN during August. The store was opened during August 1992 as part of a new store test concept, which is being discontinued.

Kohl's Food Stores (414-771-8000) recently closed its 25,000 sq.ft. store at Nakoma Plaza in Madison, WI and replaced it with a 51,000 sq.ft. store at Prairie Towne Shopping Center in Madison, WI.

The stores, selling imprintable sportswear, occupy spaces of 800 sq.ft. to 2,500 sq.ft. in outlet centers and regional malls. Growth opportunities are sought nationwide.

For more information, contact Don Buster, Victory Systems, Inc., PO Box 20608, Waco, TX 76702-0608; 817-776-8872, Fax 776-6838.

Griffin 88 Stores, Inc. trades as Hi-Lites at 30 locations in NC and SC. The stores, selling women's and junior's sportswear at popular