Issue Number 31 for the week of August 29, 1997

The Dealmakers Issue Number 31 for the week of August 29, 1997.

Home Improvement Tenants Expanding Nationwide

Yenkin Majestic Paint Corp. trades as Majestic Paint at 60 locations, Dean & Barry at 12 locations and B&A Paint at seven locations in AL, GA, KY, OH, TN and WV. The home improvement stores occupy spaces of 3,200 sq.ft. to 4,200 sq.ft. in freestanding facilities and strip centers. Growth opportunities for all three concepts are sought in the existing markets.

For more information, contact Jack Branham, Yenkin Majestic Paint Corp., 970 Woodland Avenue, Columbus, OH 43218; 614-258-3131.

Ziegler Lumber Co. trades as Ziggy's at eight locations in ID, OR and WA. The home improvement stores occupy spaces of 45,000 sq.ft. in freestanding facilities. Plans call for two openings in the coming 18 months. Expansion will take place in MT, ND, OR, SD or WY. Leases running five to 15 years are typical.

For more information, contact Reid Ziegler, Ziegler Lumber Co., 4220 North Market Street, Spokane, WA 99207-5893; 509-489-8760, Fax 483-9436.

Kwal-Howells, Inc. trades as Kwal-Howells Paint & Wall Coverings at 50 locations in CO, ID, NM, TX and UT. The home improvement stores, selling paints, wallcoverings and related products, occupy spaces of 4,000 sq.ft. to 6,000 sq.ft. in freestanding facilities, specialty and strip centers. Preferred anchors include Kmart and Target. Plans call for five openings in the coming 18 months. Expansion will take place in WY. Preferred demographics include a population of 75,000 within five miles earning $35,000 as the average income. Leases running three to five years are typical and the company cites Sherwin Williams as competition.

For more information, contact Ralph Reeves, Kwal-Howells, Inc., 3900 Joilet Street, Denver, CO 80239; 303-371-5600, Fax 373-5688.

Hader Hardware, Inc. trades as Hader Hardware at 15 locations in KY and OH. The stores, selling hardware and home improvement items, occupy spaces of 10,000 sq.ft. in strip centers. Plans call for one opening in the coming 18 months. Expansion will take place in the Cincinnati/Dayton, OH area. The 109-year-old company typically signs leases running 10 years.

For more information, contact Gary Sullivan, Hader Hardware, Inc., 8501 Winton Avenue, Cincinnati, OH 45231-4923; 513-522-2255, Fax 522-2445.

Builders Discount Centers, Inc. trades as Builders Discount Center at six locations in NC and VA. The home centers, selling building supplies, occupy spaces of at least 50,000 sq.ft. in freestanding facilities. Plans call for as many as three openings in the coming 18 months. Expansion will take place in the existing markets. Leases running 10 years are typical.

For more information, contact Glenn Perry, Builders Discount Centers, Inc., 1261 South Wesleyan Boulevard, Rocky Mount, NC 27803-4504; 919-442-5197, Fax 442-8059.

Westcor Get into Corporate Sponsorship Game

Westcor, the developer of Metrocenter, Scottsdale Fashion Square, Paradise Valley Mall, Arrowhead Towne Center, Supersition Springs Center and Desert Sky Mall all located in the Phoenix area, is getting into the corporate sponsorship game. The developer has created a division to pursue corporate sponsorships, including naming rights to two malls to be opened around the year 2000 in Chandler and Broomfield, CO. Besides naming a mall after a corporate sponsor, companies can also buy the right to name a mall entrance. Westcor is still in the marketing phase, but most of their sponsorship packages would be sold for all six of their Phoenix area malls, with the exception of its food court at Paradise Valley Mall. Westcor plans to have primary and secondary sponsorships inside each mall, with primary sponsors having a permanent presence and the secondary sponsors having exposure at select times. Both the primary and secondary sponsors would be included in Westcor's radio, televisions, direct mail and newspaper advertising, in addition to erecting signs in the mall and on the mall's marquee. The payoff for Westcor is anticipated increased sales and traffic at their malls with the extra funds used to promote the malls. Mall of America signed up with several companies as sponsors, including Northwest Airlines with a ticket/information store offering same-day turnaround flights to Minneapolis, PepisCo sponsoring the mall's roller coaster and being the exclusive soft drink in the mall and Chrysler has three mall locations with two sites in the common area and a showcase area with concept cars, interactive kiosks with games and on-line ordering of branded merchandise like Jeep toys.

For more information, contact Julie LaBenz, director of sponsorship, or Sue Martinez, vice president of corporate sponsorship, of Westcor at (602-953-6200).

Food Tenants Hungry for Sites Nationwide

Blimpie International, Inc. trades as Blimpie at more than 1,600 locations nationwide. The restaurants, specializing in submarine sandwiches, occupy spaces of 100 sq.ft. to 1,200 sq.ft. in downtown store fronts, freestanding facilities, outlet, power, specialty and strip centers. Preferred anchors include supermarkets and movie theaters. Plans call for at least 600 openings in the coming 18 months. Expansion will take place nationwide. Preferred demographics include a population of 20,000 within two miles earning $40,000 as the average income. Leases running 20 years are typical and the company, which is franchising, cites Subway as competition.

For more information, contact Dennis Fuller, Blimpie International, Inc., 1175 The Exchange #600, Atlanta, GA 30339-2016; 800-447-6256, Fax 770-980-9176.

The Candy Barrel operates 26 locations in AZ, CA, CO, FL, GA, ID, KS, LA, MA, MI, MO, NV, NJ, NY, OR, PA, TN, TX, UT and WA. The stores, selling candy and gifts, occupy spaces of 800 sq.ft. in regional malls. Plans call for the opening of four units in the coming 18 months. Expansion will take place nationwide. Leases running five years are typical and the company cites other candy stores as competition.

For more information, contact Kenneth Pierson, The Candy Barrel, 680 Mount Rose Street, Reno, NV 89509; 702-323-2002, Fax 323-8692.

Stoico Restaurant Group, Inc. trades as Sub & Stuff Sandwich Shop at 23 locations and Spaghetti Jack's at 11 locations in KS, MO, OK, SD and TX. The restaurants occupy spaces of 2,000 sq.ft. in freestanding facilities and strip centers. Plans call for two openings in the coming 18 months. Expansion will take place the existing markets.

For more information, contact Louis Stoico, Jr., Stoico Restaurant Group, Inc., 3151 North Rock Road, Wichita, KS 67226-1312; 316-636-5776, Fax 636-2871.

Pizza Factory, Inc. trades as We Toss'em, They're Awesome, Pizza Factory at 86 locations in AZ, CA, CO, ID, MN, NV, OR, SD and WA. The pizza restaurants occupy spaces of 1,800 sq.ft. to 2,400 sq.ft. in freestanding facilities and strip centers. Preferred co-tenants in McDonald's. Plans call for 15 openings in the coming 18 months. Expansion will take place nationwide. The company is franchising and cites Godfather's Pizza as competition.

For details, contact Ron Willey, Pizza Factory, Inc., 49430 Road 426, Oakhurst, CA 93644-8618; 209-683-3377, Fax 683-6879.

Papa Murphy's operates 257 locations in CA, WA, OR, ID, NV, MT, CO, WY, ND, SD and NE. The stores, which offer take 'n bake pizza, occupy spaces of at least 1,200 sq.ft. in freestanding facilities and strip centers. Preferred anchors include supermarkets and video stores. Plans call for 130 openings in the coming 18 months. Expansion will take place from the West Coast east to MN, NE and KS. Preferred demographics include a population of 10,000 within one mile earning $45,000 as the average income. Leases running five years, with a five-year option, are typical and the company is franchising.

For more information, contact Robert Graham, Papa Murphy's, 8000 Northeast Parkway Drive #350, Vancouver, WA 98662; 360-260-7272, Fax 260-0500.

Schlotzsky's, Inc. trades as Schlotzsky's Deli at 600 locations nationwide. The deli-style restaurants occupy spaces of 2,200 sq.ft. in freestanding facilities on outparcels of power centers. Plans call for 200 openings in the coming 18 months. Expansion will take place nationwide. Preferred demographics include a population of 30,000 within one mile earning $40,000 as the average income. The company is franchising.

For more information, contact Kelly Arnold or Darrell Kolinek, Schlotzsky's, Inc., 200 West 4th Street, Austin, TX 78701-3917; 512-469-7500, Fax 477-2897.

Sonny Bryan's Smokehouse operates 11 locations in TX. The barbecue restaurants occupy spaces of 3,000 sq.ft. to 5,000 sq.ft. in freestanding facilities, specialty and strip centers. Plans call for three openings in the coming 18 months. Expansion will take place in the existing market. Preferred demographics include a population of 40,000 within 15 miles earning $40,000 as the average income. Leases running five to 10 years are typical.

For more information, contact Mike Meehan, Sonny Bryan's Smokehouse, 2625 Seelcco Drive, Dallas, TX 75235-2608; 214-353-0027, Fax 353-0472.

Taco Cabana, Inc. trades as Taco Cabana and Two Pesos at 120 locations in AZ, CA, CO, GA, IN, LA, MN, NV, NM, OK and TX. The Mexican restaurants occupy spaces of 3,500 sq.ft. in freestanding facilities. Plans call for five openings in the coming 18 months. Expansion will take place within the existing markets. The company is franchising.

For more information, contact Brad Smith, Taco Cabana, Inc., 8918 Tesorro Drive #200, San Antonio, TX 78217-6293; 210-804-0990, Fax 804-1970.

The Pizza Ranch, Inc. trades as The Pizza Ranch at 90 locations in IA, MI, MN, NE, ND and SD. The pizza restaurants occupy spaces of 4,000 sq.ft. in downtown store fronts and freestanding facilities. Plans call for 30 openings in the coming 18 months. Expansion will take place in the Midwestern region. Preferred demographics include a population of 30,000 within three miles earning $25,000 as the average income. Leases running five years are typical and the company, which is franchising, cites Godfather's and Pizza Hut as competition.

For more information, contact Lawrence Vander Esch, The Pizza Ranch, Inc., 1112 Main, Hull, IA 51239; 712-439-1150, Fax 439-1125.

Jimboy's Marketing, Inc. trades as Jimboy's Tacos at 25 locations in CA, NV and OR. The Mexican fast food restaurants occupy spaces of 1,500 sq.ft. to 3,000 sq.ft. in freestanding facilities and strip centers. Growth opportunities are sought along the West Coast. The company is franchising.

For more information, contact George Heath, Jimboy's Marketing, Inc., 1485 Response Road #110, Sacramento, CA 95815-4847; 916-564-8226, Fax 564-0802.

Libby Hill Seafood Restaurants, Inc. trades as Libby Hill Seafood Restaurant and Libby Hill Express at 18 locations in NC and VA. The restaurants occupy spaces of 4,000 sq.ft. in freestanding facilities. Plans call for as many as three openings in the coming 18 months. Expansion will take place in NC. The company cites Red Lobster as competition. The company seeks land spaces running 40,000 sq.ft. to 60,000 sq.ft. and needs parking for 80 to 100 cars. Second generation space will be considered.

For more information, contact Marshall Conrad, Libby Hill Seafood Restaurants, Inc., 4517B West Market Street, Greensboro, NC 27404; 910-294-0505, Fax 292-6005.

Rafferty's, Inc. trades as Rafferty's at 15 locations in CO, GA, IN, KY, NC and TN. The restaurants occupy spaces of 6,600 sq.ft. in freestanding facilities. Plans call for the opening of four units in the coming 18 months. Expansion will take place in NC, SC, IN and MO.

For more information, contact Wayne Wilkinson, Rafferty's, Inc., 1750 Scottsville Road #2, Bowling Green, KY 42104; 502-781-2834, Fax 781-2860.

Rainforest Cafe, Inc. trades as Rainforest Cafe at eight locations in FL, IL and MN. The restaurants occupy spaces of 15,000 sq.ft. in freestanding facilities and regional malls. Plans call for 12 openings in the coming 18 months. Expansion will take place nationwide. Leases running 10 years are typical.

For more information, contact Martin O'Dowd, Rainforest Cafe, Inc., 720 South Fifth Street, Hopkins, MN 55343; 612-945-5400, Fax 945-5484.

Caribou Coffee Company, Inc. trades as Caribou Coffee at 80 locations in GA, IL, MI, MN, NC, OH and TX. The coffee shops occupy spaces of 1,000 sq.ft. to 2,500 sq.ft. in downtown store fronts and strip centers. Preferred anchors include supermarkets, books stores and bagel shops. Plans call for 110 openings in the coming 18 months. Expansion will take place in the existing markets. Preferred demographics include a population of 30,000 within three miles earning $50,000 as the average income. Leases running 10 years are typical and the company cites Starbucks as competition.

For more information, contact Collin Barr, Caribou Coffee Company, Inc., 615 North 3rd Street, Minneapolis, MN 55401; 612-359-2707, Fax 359-2730.

Biscuitville, Inc. trade as Biscuitville at 42 locations in NC and VA. The restaurants occupy spaces of 2,400 sq.ft. in freestanding facilities. Plans call for six openings in the coming 18 months. Expansion will take place in NC. Leases running 12 years are typical.

For more information, contact Burney Jennings, Biscuitville, Inc., 213 East River Street, Graham, NC 27253-1753; 910-229-6671, Fax 229-5246.

Miami Subs, Inc. trades as Miami Subs USA at 174 locations in FL, GA, NC, SC, TX, CT, NY, NJ, IL, TN, IN, MI, NH and PA. The restaurants, specializing in submarine sandwiches, occupy spaces of 3,000 sq.ft. to 4,000 sq.ft. in freestanding facilities. Growth opportunities are sought nationwide.

For more information, contact The Director of Real Estate, Miami Subs, Inc., 6300 Northwest 31st Avenue, Fort Lauderdale, FL 33309; 954-973-0000, Fax 973-7616.

Diamond Dave's Taco Company, Inc. trades as Diamond Dave's Taco at 36 locations in IL, IA, MN, MO, SD and WI. The Mexican restaurants occupy spaces of 2,500 sq.ft. in freestanding facilities, power centers and regional malls. Plans call for eight openings in the coming 18 months. Expansion will take place in the existing markets. Preferred demographics include a population of 20,000 within five miles. Leases running 10 years, with five-year options, are typical and the company is franchising.

For more information, contact Stanley White, Diamond Dave's Taco Company, Inc., 201 South Clinton Street #281, Iowa City, IA 52240-4029; 319-337-7690, Fax 337-4707.

Arabica Cafes, Inc. does business as Arabica Coffee House at 15 locations in OH. The coffee shops occupy spaces of 600 sq.ft. to 4,000 sq.ft. in strip centers. Plans call for 10 openings in the coming 18 months. Expansion will take place in the existing market. Preferred demographics include a population of 50,000 within three miles earning $35,000 as the average income. The company is franchising and cites Starbucks and Caribou as competition.

For more information, contact Marvin Schwartz, Arabica Cafes, Inc., 4208 Prospect Avenue, Cleveland, OH 44103; 216-361-8787, Fax 361-8847.

Koo Koo Roo, Inc. trades as Koo Koo Roo at 30 locations in CA, CO, FL, MD, NJ, NY, VA and Washington, D.C. The restaurants, specializing in chicken dishes, occupy spaces of 2,500 sq.ft. to 3,000 sq.ft. in freestanding facilities, regional malls and end caps of strip centers. Plans call for 50 openings in the coming 18 months. Expansion will take place nationwide.

For more information, contact James Konstantinides, Koo Koo Roo, Inc., 11075 Santa Monica Boulevard, Los Angeles, CA 90025; 310-479-2080, Fax 479-8843.

Taco Mayo Franchise Systems, Inc. trades as Taco Mayo at 114 locations in AR, IA, KS, LA, MS, MO, NC, OK and TX. The restaurants, featuring a Tex-Mex menu, occupy spaces of 1,200 sq.ft. in freestanding facilities. Preferred anchors include large retailers. Plans call for as many as 30 openings in the coming 18 months. Expansion will take place in the existing markets. Preferred demographics include a population of 3,000 within two miles earning at least $20,000 as the average income. Leases running 10 to 15 years are typical and the company, which is franchising, cites Taco Bell as competition.

For more information, contact Kurt Dinnes, Taco Mayo Franchise Systems, Inc., 10405 Greenbriar Place #B, Oklahoma City, OK 73159-7651; 405-691-8226, Fax 691-2572.

Bob Evans Farms, Inc. trades as Bob Evans Farms Restaurants at 400 locations in DE, FL, IL, IN, IA, KY, MD, MI, MO, NJ, NY, NC, OH, PA, SC, TN, VA and WV and as Owens Family Restaurants at 12 locations in TX. The family style restaurants occupy spaces of 4,300 sq.ft. to 6,000 sq.ft. in freestanding facilities. Preferred anchors include major big box retailers. Plans call for at least 30 openings in the coming 18 months. Expansion will take place in the existing markets. Preferred demographics include a population of 50,000 within three miles earning $32,000 as the average income. Leases running 20 years are typical.

For more information, contact Steve Warehime, Bob Evans Farms, Inc., 3776 South High Street, Columbus, OH 43207-4000; 614-491-2225, Fax 497-4990.

Buyers & Sellers

Ramco-Gershenson Properties Trust acquired Pelican Plaza, a 106,141 sq.ft. community center in Sarasota, FL for $7.2 million. Pelican Plaza has 11,000 sq.ft. available for lease and is located directly across from Sarasota Square, the largest enclosed mall in Sarasota County. Ramco-Gershenson expects the center to generate $787,000 in net operating income before debt service.

For more information, contact Dennis Gershenson of Ramco-Gershenson Properties Trust at (248-350-9900).

JDN Realty Corp. acquired Plaza South Shopping Center in Murfreesboro, TN for $3.5 million. The fully leased 71,028 sq.ft. center is anchored by a 45,528 sq.ft. Kroger supermarket.

For more information, contact JDN Realty Corp. at (404-262-3252).

New Plan Realty Trust recently acquired three shopping centers for $61.8 million. The projects include Westridge Court Shopping Center in Naperville, IL. The 448,000 sq.ft. project is anchored by Spiegel, Cub Foods, Borders Books, CompUSA, Old Navy and Marshall's. The second center is Chastain Corners in Marietta, GA. The 108,500 sq.ft. project is anchored by Kroger. The third acquired project is Eisenhower Square Shopping Center in Savannah, GA. The 125,000 sq.ft. project is anchored by Food Lion and Eisenhower Cinema.

For more information, contact Ron Frankel at (212-869-3000).

Marcus & Millichap has the listing to sell a freestanding Food Lion supermarket in Harriman, TN. The 29,000 sq.ft. building is net leased for 20 years. The asking price is $2,601,832 and assumable financing at 8.625% is available.

For more information, contact Thomas Jorgenson at (770-393-1700), Fax (393-1738).

R.J. Waters & Associates, Inc. brokered the sale of the 32,705 sq.ft. Westtown Shop N Bag to Super Fresh Food Markets at Westtown Shopping Center in Westtown, PA.

For more information, contact Francis McDonnell at (610-444-6000).

General Growth Properties recently acquired Westroads Shopping Center in Omaha, NE. The 1.1 million sq.ft. project, which is the largest mall in NE, is anchored by Von Maur, Younkers, J.C. Penney and Montgomery Ward.

For more information, contact General Growth Properties at (312-551-5000).

First Allied Corporation is in the market to acquire shopping centers in highly developed areas (i.e. DC, MD, VA, Boston, Philadelphia, Chicago, etc.). Preferred projects have a minimum per square foot rental of $15 and typical acquisitions are in the $5 million to $20 million range. Closings within 30 days are possible.

For more information, contact Edward Glazer at (813-554-1302), Fax (554-1315).

Cohen and Company, Inc. Real Estate has the exclusive listing to sell Plaza 12 Shopping Center in Carteret, NJ. The 67,000 sq.ft. project, which fronts the New Jersey Turnpike, is anchored by Walgreens and McDonald's.

For more information, contact Helen Putterman or Andrew Cohen at (212-679-1222), Fax (679-1533).

New Construction

TRS Partners LC recently broke ground on The Shops at Riverwoods in Provo, UT. The 192,000 sq.ft. project will be the retail component of the Riverwoods Business and Research Park development. Retailers who have signed letters of intent to occupy the center include Banana Republic, Borders Books & Music, Williams-Sonoma, Copeland's Sports, The Gap, Eddie Bauer, Romano's Macaroni Grill, Ann Taylor, Gap Kids, Gymboree, The Polo Store, Baby Gap, Crocodile Cafe and Sunglass Hut. The site is located near a recently opened Carmike 12-screen theater. An August 1998 opening is planned.

For more information, contact Pentad Properties, the leasing agents, at (801-350-0100).

Opus Southwest Corp. in developing Stanford Ranch Crossing in Roseville, CA. The 400,000 sq.ft. project will have eight anchors, including Costco, Sports Authority, Toys 'R Us, Linens 'N Things, Crown Books and Ross. The remaining two anchors have not been announced. In addition, Hallmark will open a 6,500 sq.ft. freestanding store and Applebee's and McDonald's will occupy outparcels at the project. The center is located across from Wal*Mart, Food Source and a Raley's warehouse supermarket.

For more information, contact Opus Southwest Corp. at (602-468-7000).

Charter Realty & Development Corp. and Weingarten Properties recently began a complete renovation of Springfield Plaza in Springfield, MA. The 425,000 sq.ft. project recently added a 30,300 sq.ft. East Coast Market Place and a Hollywood Video to its tenant mix. Rocky's Hardware in 25,500 sq.ft. and AMF Bowling in 36,000 sq.ft. both renewed their leases. The renovations will also include the addition of three outparcels.

For more information, contact Charter Realty & Development at (203-629-3939).

H. Hovnanian, Inc. recently completed the remodeling of Bellcrest Plaza in Toms River, NJ. The 106,000 sq.ft. project is anchored Foodtown, Blockbuster Video, Burger King, Dairy Queen and a U.S. Post Office. Approximately 13,000 sq.ft. remains available for lease.

For more information, contact Michael Parkhill of H. Hovnanian, Inc. at (732-972-6100), Fax (922-9544).

Lease Signings

Quadrelle Realty Services (914-834-2600) leased 6,464 sq.ft. to IGA Supermarkets at a former Gristede's location in downtown Hartsdale, NY.

The Sembler Company (813-384-6000) signed leases with Blockbuster Video for 6,500 sq.ft. in the Publix at Butler's Crossing center in Watkinsville, GA; Sears Hardware in 7,600 sq.ft. at the Citrus Center in Inverness, FL; Hollywood Video with 7,332 sq.ft. at the Target center in Marietta, GA and 6,500 sq.ft. in the Publix at Perimeter center in the Peachtree/Dunwoody area in GA; Fashion Cents took 1,800 sq.ft. at the Highland Square in Inverness, FL and 1,800 sq.ft. in the Publix at River Crossing project in New Port Richey, FL. The company also leased 3,500 sq.ft. to Einstein/Noah's Bagel in the Publix at Perimeter center in the Peachtree/Dunwoody area of GA.

R.J. Waters & Associates, Inc. (610-444-6000) leased 1,500 sq.ft. to Disc-Go-Round at William Penn Plaza in Easton, PA.

Charter Realty & Development Corp. (203-629-3939) leased 25,000 sq.ft. to Big Lots in a portion of a former Jamesway store at Glenwood Plaza Shopping Center in Oneida, NY; 24,000 sq.ft. to Big Lots at a former Price Chopper space in East Greenbush, NY and 20,000 sq.ft. to Big Lots at a former Grand Union location at Plattsburgh Plaza in Plattsburgh, PA.

The Mainardi Management Co. (201-696-9265) leased 30,000 sq.ft. to Whole Foods Market, dba Fresh Fields, at Greentree Square Shopping Center in Marlton, NJ.

The Sansone Group (314-727-6664) leased 24,993 sq.ft. to Kloss Furniture, dba Thomasville Furniture, at a former Levitz Furniture space in Manchester, MO and 1,600 sq.ft. to Jenny Craig at Dierberg Clocktower Plaza in St. Louis, MO.

Divaris Real Estate, Inc. (757-497-2113) leased 36,000 sq.ft. to MARS The Musician's Planet in Charlotte, NC and 1,440 sq.ft. to Cigarette Land at East Town Plaza in Richmond, VA.

McClinton & Company, Inc. (334-270-9653) leased space to Bath & Body Works, Bookland, Cato Fashion and Southern Hair Expo at Premiere Plaza Shopping Center in Prattville, AL.

Mid-America Asset Management Co. (630-954-7300) leased 30,857 sq.ft. to Marshall's and 4,400 sq.ft. to Dollar Tree at Kedzie Plaza South Shopping Center in Chicago, IL; 1,400 sq.ft. to The Smoke Shop at 2nd Century Plaza in Orland Park, IL and 15,808 sq.ft. to Coomers Craft Mall at Downers Park Plaza Shopping Center in Downers Grove, IL.

Exclusives: Leasing & Management Assignments

The Daniel Group (410-435-4300) has been appointed by The Goodman Company to be the exclusive leasing agent and consultant for the Coventry Mall in Pottstown, PA. The 700,000 sq.ft. enclosed mall is undergoing remerchandising. Coventry Mall is anchored by Boscov's, Sears, Bradlees and a new JC Penney.

The Schultz Organization (908-855-0001) has been named the leasing agent for a 7,400 sq.ft. retail site on Wawamasa Avenue in Ocean Township, NJ. The property was formerly occupied by a furniture store.

Colburn Hundley, Inc. (616-742-5200) has been named the exclusive leasing agent for a vacant 57,000 sq.ft. former catalog showroom in Grand Rapids, MI. The space can be divided to 15,000 sq.ft. to 30,000 sq.ft. units. Other tenants at the project include a pet food store, bulk food store, office supply store, value clothing store, ice cream parlor and a bank.

Faison Jacksonville (904-632-0100) has been named the leasing and managing agent for Shoppes of Promenade in Jacksonville, FL. The 56,479 sq.ft. project is located adjacent to an Albertson's supermarket.

Urban Shopping Centers, Inc. (312-915-3568) has been selected to examine the development potential of a site in downtown Pittsburgh, PA by the city of Pittsburgh. Urban Shopping Centers will review the site for the feasibility of developing a 400,000 sq.ft. retail/entertainment complex. In exchange for the work to be done by Urban, the city of Pittsburgh will not entertain other offers to develop the proposed area for one year. This time period may be extended by mutual agreement. If the results of the study are favorable, Urban would have the right to submit a proposal for the development of the area.

Surplus Solutions, Inc. (770-394-3600) recently added T.G.I. Friday's to its client roster. The firm is also a disposition representative of Pizza Hut, KFC, Taco Bell, Pep Boys, Apple South, Hot N Now, Chevy's, California Pizza Kitchen, Rally's and Ciatti's.

Levin Management Corporation (908-755-2401) has been retained by The Stop & Shop Company to provide property supervision services for an 85,228 sq.ft. former Bradlees store in Montgomeryville, PA.

Legend Properties, Inc. (610-941-4034) has been named the exclusive broker for U.S. Restaurant Properties in the Philadelphia, PA area. U.S. Restaurant Properties owns 327 restaurants in 41 states and is looking to buy, finance and lease out existing facilities. The company has been named the exclusive leasing agent for a Wal*Mart/SuperFresh anchored shopping center in Hammonton, NJ by Vineland Construction Group. Other tenants include Dollar Tree, Fashion Bug and Hair Cuttery. Up to 35,000 sq.ft. between the two anchor stores is available for lease. The company has been named the exclusive leasing agent of Warrington Plaza in Warrington, PA by ComDel Properties. The company has been named the exclusive leasing agent of Parktown Plaza in Royersford, PA by Parktown Plaza Associates. A 30,000 sq.ft. former supermarket is available for lease. The company is the exclusive leasing agent for Old Country Buffet in the Philadelphia area. Recently, the company leased two 10,000 sq.ft. spaces to the company for restaurants in Lancaster, PA and Cherry Hill, NJ. Both units are expected to open during 1998. The company has also been appointed by Rite Aid as its exclusive listing agent for 15 surplus properties in NJ and PA. The site includes a 5,040 sq.ft. unit at North Hanover Mall in Wrightstown, NJ; a 9,100 sq.ft. unit at Burlington Shopping Center in Burlington, NJ; a 6,900 sq.ft. unit in Willingboro, NJ; an 8,650 sq.ft. unit at Cherrywood Shopping Center in Clementon, NJ; a 7,000 sq.ft. unit at Hancock Shopping Center in Bridgeton, NJ; a 7,160 sq.ft. unit in Bridgeton, NJ; an 8,000 sq.ft. unit at Gantown Plaza Shopping Center in Turnersville, NJ; an 8,466 sq.ft. unit in Turnersville, NJ; a 5,000 sq.ft. unit at Bayshore Plaza in Barnegat, NJ; a 10,000 sq.ft. unit in West Chester, PA; a 5,937 sq.ft. unit in Chester, PA; a 4,500 sq.ft. unit in Chester, PA; a 9,000 sq.ft. unit at Larkins Corner in Boothwyn, PA; a 9,100 sq.ft. unit at Airport Square Shopping Center in Allentown, PA and a 7,200 sq.ft. unit with 3,000 sq.ft. of storage space in center city Philadelphia, PA.

The Hausman Companies (216-464-5900), representing Sun Television & Appliances, Inc., announces the disposition of the following former retail properties. A 53,000 sq.ft. unit in Trotwood, OH was sold to Miami Valley Regional Transit Authority; a 42,630 sq.ft. unit in Springfield, OH was sold to Glimcher Development Corp. and subsequently leased to Toys 'R Us; a 1.4 acre parcel of land in Columbus, OH was sold to Discount Tire Company; a 25,000 sq.ft. unit in Miamisburg, OH was leased to Michaels Crafts and a 125,000 sq.ft. distribution center in Bedford Heights, OH was sub-leased to Kronheims Furniture. The Hausman Companies is marketing eight additional surplus properties in the Dayton and northeastern OH markets.

Who's Opening & Where

WindMill Fast Foods (908-870-8282) plans to open a fast food restaurant in Westfield, NJ. It will be the company's 11th unit.

Wing To Go, Inc. (800-552-9464) plans to open a Wings Sports Cafe in Louisville, KY.

Target (612-304-6099) plans to open its first store in New England at a proposed shopping center in Woburn, MA. The site is expected to be developed next year.

Rose's Stores (919-430-2600) is testing a small concept called Rose's Express in Newland, NC and Chatham, VA. Each store is 20,000 sq.ft., about half the size of a typical Rose's store.

Hoyts Cinemas Corporation (617-267-2700) recently completed an expansion of its movie theater at Great Northern Mall in Syracuse, NY. The company added four auditoriums and 536 seats to give the unit 10 screens. The company also plans to open a 10-screen movie theater at Shoppingtown Mall in Syracuse next month.

Walgreen Co. (847-940-2500) plans to enter five southeastern markets next year as part of its overall plan to open 280 stores during 1998. The new markets and number of stores include five units in Charlotte, NC; four in Tidewater, VA; three in Birmingham, AL and one each in Jackson, MS and Lafayette, LA.

New World Coffee, Inc. (212-343-0552), through its recently initiated franchise program, plans to enter the MD market with a unit in Montgomery County, MD and open a third unit in Monmouth County, NJ.

Marsh Supermarkets (317-594-2100) is planning to open three supermarkets, as many as 15 Village Pantry convenience stores and at least two LoBill discount stores in its OH and IN markets in the coming years.

Hooters (770-951-2040) plans to open its second WA location in Seattle, WA next month. The company also plans to open a restaurant in Bellevue, WA and is scouting for locations in Tukwila, Federal Way and Tacoma.

A&W Restaurants, Inc. (313-462-0029) is planning to open 100 units in regional malls, power and strip centers nationwide in the coming five years.

Mergers & Acquisitions

Barney's, Inc. (212-339-7300) and its creditors recently accepted the bid of Dickson Concepts to take control of the chain and help it emerge from bankruptcy. The purchase price was $247 million. Barney's accepted the offer because it provides shareholders and creditors with a substantial amount of cash and allows them to retain a 49% stake in the company.

Pacific Sunwear of California, Inc. (714-701-4000) recently signed a definitive agreement to purchase the store assets and leases of 15 Good Vibrations stores in FL for $9.2 million. Pacific Sunwear initially plans to operate the stores under their present name. The transaction is expected to be completed next month.

Manhattan Bagel Company, Inc. (908-544-0155) recently signed a letter of intent with Doctors' Associates Inc. (DAI), franchisor of the Subway chain, providing for a proposed investment in the company by DAI and the potential for Manhattan Bagel to sell bagels and cheese spreads to participating franchisees in the 12,800-unit Subway chain if the franchisor implements a bagel program. Under terms of the letter, DAI would purchase from Manhattan Bagel a five-year, $14.7 million convertible note carrying a 6.25% interest rate. The note would be convertible into shares of Manhattan Bagel common stock at the option of DAI or Manhattan Bagel, depending upon the circumstances.

McCrory Corp. (717-757-8181), through the approval of the U.S. Bankruptcy Court, recently agreed to sell 159 stores to HGG Acquisition Corp. for $51 million. Of that amount, $35 million will pay off a loan and $16 million will pay administrative claims incurred since the 1992 bankruptcy filing. Unsecured creditors, including vendors, will receive nothing.

Hechinger Co. (301-341-0926) recently agreed to sell up to seven of its Home Quarters Warehouse stores in MI to Costco Cos., Inc. The seven stores include those located in Grand Rapids, Ann Arbor, Madison Heights, Bloomfield, Roseville and two in Livonia. The deal could be worth up to $60 million is all seven stores are sold.

Party City Corporation (201-983-0888) recently acquired 14 franchised stores in southern CA, Staten Island, NY and the Dallas/Fort Worth market. The acquired stores will be added to the company's 57 company-owned units. In addition, another 167 stores are operated by franchisees.

Fred Meyers Jewelers (503-232-8844) recently acquired the 44-unit Fox Jewelry chain of Grand Rapids, MI.

Lead Sheet

Claire's Stores

dba Claire's Accessories, Topkapi,

Dara Michele, The Icing Stores

Director of Real Estate

2400 West Central Road

Hoffman Estates, IL 60195

847-765-1100, Fax 765-4618

Accessories

The 1,600-unit chain operates locations worldwide. The stores, selling ladies accessories, occupy spaces of 650 sq.ft. to 1,400 sq.ft. in regional malls and specialty centers. Plans call for 150 openings annually. Expansion will take place worldwide.

The Coach Stores, Inc.

dba The Coach Stores

Director of Real Estate

516 West 34th Street

New York, NY 10001

212-629-2207, Fax 629-2601

Accessories

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

One Price Clothing Stores, Inc.

dba One Price Clothing

Archie Dishman

1875 East Main Street

Duncan, SC 29334-9240

864-433-8888, Fax 486-6102

Apparel

The 648-unit chain operates locations in 30 states. The women's apparel stores occupy spaces of 3,000 sq.ft. in downtown store fronts, regional malls and strip centers. Preferred anchors include discount stores and supermarkets. Plans call for 75 openings in the coming 18 months. Expansion will take place within the existing markets. Preferred demographics include a population of 50,000 within three miles earning $40,000 as the average income. Leases running five years are typical and the company prefers a vanilla shell with a landlord allowance.

United Fashions of Texas

dba Melrose Store

Reuben Bar-Yadin

4629 Macro Drive

San Antonio, TX 78218

210-662-7140, Fax 666-3211

Apparel

The 52-unit chain operates locations in TX. The women's apparel stores occupy spaces of 6,000 sq.ft. in strip centers. Preferred anchors include Wal*Mart. Plans call for five openings in the coming 18 months. Expansion will take place in the existing market. Preferred demographics include a population of 25,000 within two miles earning $15,000 as the average income. Leases running three years are typical and the company, which caters to a blue-collar, Hispanic clientele, cites fashion/discount chains as competition.

Aaron Brothers Art Mart, Inc.

dba Aaron Brothers

Janet Moorehouse

8000 Bent Branch

Irving, TX 75063

214-409-1477, Fax 409-1576

Arts & Crafts

The 72-unit chain operates locations in AZ, CA and NV. The stores, selling art and craft supplies and offer framing services, occupy spaces of 6,000 sq.ft. to 8,000 sq.ft. in freestanding facilities, power and strip centers. Growth opportunities are sought in the existing markets.

Big O Tires, Inc.

dba Big O Tires

Ed Johnson

11755 East Peakview Avenue

Englewood, CO 80111-6819

303-790-2800, Fax 790-0225

Automotive

The 400-unit chain operates locations in AZ, CA, CO, ID, IN, KY, MT, NE, NV, NM, NC, OK, OR, SD, TX, UT, WA, WY and British Columbia, Canada. The automotive service centers, which specialize in tires, occupy spaces of 5,000 sq.ft. in freestanding facilities, power, specialty and strip centers. Plans call for 30 openings in the coming 18 months. Expansion will take place in the Western region. Preferred demographics include a population of 50,000 within the trade area earning at least $40,000 as the average income. Leases running 10 years are typical.

Lube Ventures

dba Lube Depot

Tom Strauss

1237 West Fourth Street

Mansfield, OH 44906

330-759-3039

Automotive

The 40-unit chain operates locations nationwide. The stores, offering quick-service oil changes, occupy spaces of 6,000 sq.ft. to 8,000 sq.ft. in freestanding facilities. Plans call for as many as 45 openings in the coming 18 months. Expansion will take place nationwide. Leases running 10 to 15 years, with options, are typical and the company is franchising.

Burlington Coat Factory

dba Luxury Linens

Mrs. Lee Kilcollum

1830 Route 130 North

Burlington, NJ 08016

609-387-7800, Fax 387-1274

Bed, Bath & Linens

The five-unit chain operates locations in PA, TX and UT. The stores, selling bedding, linens, housewares and home accessories, occupy spaces of 25,000 sq.ft. to 40,000 sq.ft. in freestanding facilities, regional malls, power and strip centers. Growth opportunities are sought nationwide.

Ostrow Textile Company

dba Plej's Linen Supermarket

Steve Ellington

PO Box 10550

Rock Hill, SC 29730

803-324-4284, Fax 324-7942

Bed, Bath & Linens

The 47-unit chain operates locations in FL, GA, NC and SC. The stores, selling linens and housewares, occupy spaces of 8,000 sq.ft. to 20,000 sq.ft. in regional malls, power and strip centers. Growth opportunities are sought in the existing markets.

The Markettes

A.C. West, Jr.

PO Box 729

Hartsville, SC 29551

803-332-2201, Fax 383-0190

Convenience Store

The 15-unit chain operates locations in NC and SC. The convenience stores occupy spaces of 2,000 sq.ft. in freestanding facilities. Growth opportunities are sought in the existing markets.

Mountain Empire Oil

Warren Broyles

PO Box 5998

Johnson City, TN 37603

423-928-7241, Fax 928-8553

Convenience Store

The 37-unit chain operates locations in NC, TN and VA. The convenience stores, which also sell gasoline, occupy spaces of 2,000 sq.ft. to 3,000 sq.ft. in freestanding facilities. Plans call for as many as three openings in the coming year. Expansion will take place in TN.

Elizabeth Grady Face First

John Walsh

200 Boston Avenue

Medford, MA 02155

800-322-4257, Fax 617-391-4772

Cosmetics

The 30-unit chain operates locations in CT, MA, NH, NY and RI. The stores, offering skin care products geared toward the 25 to 54-year-old working woman, occupy spaces of 1,000 sq.ft. to 1,500 sq.ft. in strip centers. Plans call for 10 openings in the coming 18 months. Expansion will take place in the existing markets.

Federated Department Stores

dba The Bon Marche

Gary Nay

7 West 7th Street

Cincinnati, OH 45202

513-579-7905, Fax 579-7185

Department Store

The 42-unit chain operates locations in ID, MT, OR, WA and WY. The department stores occupy spaces of 40,000 sq.ft. to 87,000 sq.ft. in downtown store fronts and regional malls. Plans call for as many as four openings in the coming 18 months. Expansion will take place within the existing markets.

Horizon Pharmacies, Inc.

dba Horizon Pharmacy

Dave Frauhiger

275 West Princeton Drive

Princeton, TX 75407

972-736-2424, Fax 736-2588

Drug Store

The 14-unit chain operates locations in NM, OK, TX, VA and WI. The drug stores occupy spaces of 4,500 sq.ft. in freestanding facilities. Plans call for 10 openings in the coming 18 months. Expansion will take place nationwide. Leases running four years, with options, are typical and the company cites Walgreens, Wal*Mart and supermarkets as competition.

Paterson Silks

Althea Cummins

36-36 Main Street

Flushing, NY 11354

718-359-3082, Fax 353-8699

Fabrics

The six-unit chain operates locations in NY. The fabric stores occupy spaces of 5,500 sq.ft. in freestanding facilities. Plans call for as many as three openings in the coming 18 months. Expansion will take place in the existing market.

Z. Gallerie

Joe Zeiden

5500 West 83rd Street

Los Angeles, CA 90045

310-410-6650, Fax 410-6655

Home Furnishings

The 24-unit chain operates locations in AZ, CA and CO. The stores, selling contemporary home furnishings and art work, occupy spaces of 10,000 sq.ft. in regional malls. Plans call for the opening of four units in the coming 18 months. Expansion will take place in GA, IL, MA, NY, OR or TX.

Piercing Pagoda, Inc.

dba Piercing Pagoda

Lisa Sankovsky

PO Box 25007

Lehigh Valley, PA 18002

610-691-0437, Fax 694-9077

Jewelry

The 760-unit chain operates locations nationwide. The jewelry stores occupy kiosk spaces in regional malls. Growth opportunities are sought nationwide.

Whitehall Company Jewelers

dba Lundstrom

Hugh Patkin/John DesJardins

155 North Wacker Drive, Suite 500

Chicago, IL 60606

312-782-6800, Fax 782-8299

Jewelry

The 40-unit chain operates locations in AL, AR, CA, CO, CT, FL, GA, IN, IL, MA, ME, MN, MO, NC, NJ, NM, NY, NV, OK, TX and VA. The stores, selling fine jewelry, occupy spaces of 800 sq.ft. in regional malls. Growth opportunities are sought nationwide.

Shonac Corp.

dba DSW Shoe Warehouse

Tracy Snow

1675 Watkins Road

Columbus, OH 43207-3323

614-497-1199, Fax 497-1356

Shoes

The 34-unit chain operates locations in CA, CO, GA, IL, IN, KS, MD, MA, MN, MO, NJ, NY, NC, OH, OK, PA, TN, TX, VA and WI. The stores, selling shoes for the family, occupy spaces of 6,000 sq.ft. to 20,000 sq.ft. in freestanding facilities, power and strip centers. Plans call for as many as 12 openings in the coming 18 months. Expansion will take place in AZ, FL, GA, IL, IN, KS, MD, MA, MI, MN, MO, NC, NJ, NY, OH, PA, TN, TX and VA. Preferred demographics include a population of 200,000 within five miles earning $60,000 as the average income. The company cites department stores as competition.

American Fastsigns, Inc.

dba American Fastsigns

Ed Gruber

2550 Midway Road, Suite 150

Carrollton, TX 75006

972-447-0777

Specialty

The 375-unit chain operates locations throughout North America. The stores, selling signs and banners, occupy spaces of 1,400 sq.ft. to 1,800 sq.ft. in strip centers. Plans call for as many as 65 openings in the coming 18 months. Expansion will take place throughout North America. The company is franchising.

C.P. Dean Co., Inc.

dba C.P. Dean Co.

W.D. Selden, Jr.

3001 Cutshaw Avenue

Richmond, VA 23230

804-355-6588, Fax 355-0025

Specialty

The two-unit chain operates locations in VA. The stores, selling game room equipment, occupy spaces of 2,000 sq.ft. to 12,000 sq.ft. in regional malls and strip centers. Growth opportunities are sought in the existing market.

Consumers Markets, Inc.

dba Consumers Food & Drug,

Boogaarts Food Stores

David Miller

639 West Chestnut Expressway

Springfield, MO 65802-3935

417-866-4305

Supermarket

The 42-unit chain operates locations in AR, KS and MO. The supermarkets occupy spaces of 40,000 sq.ft. in strip centers. Plans call for five openings in the coming 18 months. Expansion will take place in AR, KS, MO, NE and OK.

Erickson's Diversified Corp.

dba Erickson's Supermarket

Rick Kemper

700 First Street

Hudson, WI 54016

715-386-9315, Fax 386-1013

Supermarket

The 19-unit chain operates locations in MN and WI. The supermarkets occupy spaces of 30,000 sq.ft. in freestanding facilities and strip centers. Plans call for two openings in the coming 18 months. Expansion will take place in the existing markets.

Space Place

Colorado

Thornton- Pinnacle Shopping Center is anchored by Hobby Lobby and Super Saver Cinemas. The 230,000 sq.ft. project has spaces of 12,000 sq.ft. and 30,000 sq.ft. available for lease. Demographics include a five-mile population of 225,000 earning $42,000 as the average income. The site is located near Biggs Hypermarket and Home Depot.

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

Georgia

Atlanta- Cherokee Plaza is anchored by an A&P Superstore and Blockbuster. The 98,553 sq.ft. project has spaces of 3,014 sq.ft., 5,100 sq.ft. and 7,689 sq.ft. available for lease. Demographics include a three-mile population of 100,000 earning $65,000 as the average income.

For details, contact Paul Ajdaharian of Brandywine Real Estate at (813-726-6880), Fax (725-4391).

Louisiana

Meraux- Cypress Point Shopping Center is anchored by Delchamps Supermarket and Dollar General. The 51,627 sq.ft. project has a 4,000 sq.ft. space available for lease. Demographics include a five-mile population of 81,216 earning $41,245.

For details, contact Jim Cheney of Equity Investment Group at (404-364-2984), Fax (364-2985).

Michigan

Grand Rapids- A 9,600 sq.ft. space is available for lease in the downtown area. The corner location is adjacent to two regional malls.

For details, contact F.C. Riebel of Shoreline Realtors at (616-857-8030).

New York

Hudson- Columbia County Shopping Center is anchored by Eckerd Drug and Aubuchon Hardware. The 130,000 sq.ft. project, which was formerly occupied by Jamesway Department Store, has spaces of 30,000 sq.ft. and 50,000 sq.ft. available for lease. The site is located across from Wal*Mart and Price Chopper.

For details, contact Ken Brownell of Vanguard Capital Realty, Inc. at (518-862-0861).

New York City- A space at 1167 Second Avenue is available for lease. The site has 1,280 sq.ft. at ground level and 700 sq.ft. of basement space. Retailers nearby include Supercuts, Mail Boxes Etc., Gristedes Supermarket and Duane Reade.

For details, contact Jason Pruger or Darrel Rubens of Winick Realty Group at (212-949-6868), Fax (949-8832).

North Carolina

Belmont- Eastwood Village is anchored by Food Lion, Family Dollar and US Tool & Surplus. The 46,874 sq.ft. project has spaces of 1,120 sq.ft. and 1,530 sq.ft. available for lease. Demographics include a five-mile population of 49,061 earning $48,024 as the average income.

For details, contact John Orr of Equity Investment Group at (404-364-2984), Fax (364-2985).

Ohio

Dayton- Eastown Shopping Center has a 4,000 sq.ft. space available for lease. In Mansfield- Appleseed Center is anchored by Kroger and Stein Mart. The 260,000 sq.ft. project has spaces of 2,100 sq.ft., 3,600 sq.ft., 4,400 sq.ft., 10,500 sq.ft. and an outlot available for lease.

For details, contact Jodi Kihler of Skilken Properties at (614-253-8654), Fax (253-2991).

Financial News

Wendy's International, Inc. (614-764-3099) reported that its second quarter net income increased 16% to $57 million, compared to $49.3 million during the second quarter last year. Revenues were $540.2 million, up from $491.9 million last year and systemwide sales increased 14.8% to $1.6 billion. Average sales per restaurant increased 10.3%. During the quarter, the company opened 86 units with another 102 under construction and ended the quarter with 5,051 restaurants in the U.S. and 33 countries.

Uni-Marts, Inc. (814-234-6000) reported that its third quarter net earnings fell 83.2% to $185,892 from $1.1 million during the third quarter last year. Third quarter revenues increased 3.5% to $92 million from $88.8 million. Merchandise sales at comparable stores were up 3.3% and gasoline sales at comparable stores were up 1.7% for the quarter. The company currently operates 388 convenience stores in DE, MD, NJ, NY, PA and VA.

Levitz Furniture, Inc. (407-994-5151) recently received an additional $9 million advance on its senior secured facilities from its lenders. This additional facility will be repaid from proceeds of the sale of one of its properties, which is currently under contract of sale.

Outback Steakhouse, Inc. (813-282-1225) reported that its second quarter net income increased to $19.274 million from $18.236 million. Revenues increased 22% to $287.7 million from $236.4 million, with systemwide sales up 28% for the quarter to $339.7 million. Comparable restaurant sales fell 1.6% at its Outback Steakhouse chain, but were up eight percent at its Carrabba's Italian Grill chain. The company operates 400 Outback Steakhouses and 58 Carrabba's Italian Grill units in 39 states.

The Dress Barn, Inc. (914-369-4600) reported that sales for its fiscal year increased 7.6% to $554.9 million from $515.5 million last year. Comparable store sales for the year increased 5.4%. The company operates 690 women's apparel stores in 43 states.

Delchamps, Inc. (334-433-0437) reported that its net earnings for the fiscal year increased to $7.95 million from $3.85 million last year. Fiscal year sales fell 2.1% to $1.102 billion from $1.126 billion last year and comparable store sales for the year fell 3.5%. The company operates 118 supermarkets in AL, FL, LA and MS and 10 liquor stores in FL.

Real Estate Professionals Making The News

Divaris Real Estate (757-497-2113) announces the appointment of Jonathan Guion as principal and first vice president of its Peninsula office. The company announces the appointment of H. Alan Bedell as retail leasing agent at its Richmond, VA office. The company also announces that it has formed Divaris South, L.L.C. in Atlanta, GA and acquired Intersouth Properties, Inc. The manager of the office will be William Bauman, former president of Intersouth.

CB Commercial Real Estate Group, Inc. (704-376-7979) announces the promotion of James H.L. Chambers III to first vice president.

Colonial Properties Trust (205-250-8700) announces the promotion of Paul Glascock to senior vice president of retail leasing.

Blockbuster (214-854-3196) has named Jim Notarnicola as executive vice president, marketing & administration.

Apple South, Inc. (706-342-4552) announces that David P. Frazier has resigned from the company's board of directors. He also resigned as concept officer and chairman of the Harrigan's Division.

Intimate Brand, Inc. (614-479-7546) has named Budd Taylor to the position of executive vice president/general manager for Victoria's Secret Bath & Fragrance.

Tandy Corporation (817-390-3011) announces that Ronald Elmquist has been elected to the board of directors. Elmquist is president of Global Food Service for Campbell Soup Company and corporate vice president of Campbell.

Jake's Pizza International (847-952-3278) announces that its board of directors have submitted their resignations since, due its financial difficulties, the company could not obtain adequate directors and officers liability insurance coverage.

MJB Real Estate Services Corp. (203-222-6200) announces that Craig F. Edwards has joined the firm as a retail investment specialist. Edwards will be responsible for all aspects of retail leasing and sales, and will represent both owners and tenants throughout CT.

Legend Properties, Inc. (610-941-4034) announces that Robert Wasserman has joined the company and will be focusing on real estate transactions in PA.

Federated Department Stores (513-579-7905) recently named Susan Kronick as its chairman and CEO of Burdines, the first woman to head the department store chain.

Kmart Corporation (810-643-1000) recently named Laurence Anderson president, Super Kmart and executive vice president, Kmart Corporation. Anderson will have full responsibility for Super Kmart operations and report to Kmart Chairman, President and CEO Floyd Hall.

MBK Real Estate Ltd. (714-789-8485) announces that Anthony A. Ferrero has been named vice president of development.

The Breder Companies (305-251-1520) announces that John Breder, President of The Breder Companies, has been named Southern Division Operations Chairman for the International Council of Shopping Centers.