Issue Number 20
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The Dealmakers Issue Number 20 for the week of June 5, 1998.

Automotive Retailers Seeking Sites Nationwide

Tire Warehouse Central, Inc. trades as Double Discount Auto Parts at 80 locations in ME, MA, NH, NY, RI and VT. The stores, selling automotive tires, wheels and parts, occupy spaces of 2,500 sq.ft. to 8,000 sq.ft. in freestanding facilities. Plans call for six openings in the coming 18 months. Expansion will take place throughout New England. Preferred demographics include a population of 20,000 within three miles earning $35,000 as the average income. Leases running 14 years are typical and the company cites Pep Boys and Wal*Mart as competition.

For more information, contact The Director of Real Estate, Tire Warehouse Central, Inc., 492 Main Street, Keene, NH 03431-4035; 603-352-4478, Fax 357-5108.

Goodyear Tire Rubber Co. trades as Goodyear Auto Service Centers at 800 locations nationwide. The automotive service centers occupy spaces of 5,600 sq.ft. to 6,700 sq.ft. in freestanding facilities. Preferred anchors include Kmart, Wal*Mart and supermarkets. Growth opportunities are sought in the Midwestern region and TX. Preferred demographics include a population of 30,000 within three miles earning at least $40,000 as the average income. Leases running 10 years are typical and the company prefers turn-key deals.

For more information, contact Walter Inglhofer, Goodyear Tire & Rubber Co., PO Box 660245, Dallas, TX 75266; 214-637-9208, Fax 637-9170, e-mail winglhofer@goodyear.com.

TBC Corp. does business as Big O Tires at 424 locations in AZ, CA, CO, ID, IN, KY, MT, NC, BE, NV, NM, OK, OR, SD, TX, UT and WA. The tire stores occupy spaces of 5,000 sq.ft. in freestanding facilities. Preferred anchors include supermarkets. Plans call for 50 openings in the coming 18 months. Expansion will take place in the existing markets. The company is franchising.

For more information, contact Norm Dahle, TBC Corp., 11755 East Peakview Avenue, Englewood, CO 80111-6819; 303-790-2800, Fax 790-0225.

Cottman Transmission Systems, Inc. trades as Cottman Transmission at 210 locations in AZ, CA, CO, CT, DE, FL, GA, KS, LA, MA, MD, MI, MO, MS, NC, NJ and Washington, D.C. The automotive service centers, specializing in transmission repairs, occupy spaces of 2,500 sq.ft. to 4,000 sq.ft. in freestanding facilities. Plans call for 50 openings in the coming 18 months. Expansion will take place in CA, CO, NE, SC and in New England. Preferred demographics include a population of 100,000 within five miles earning $50,000 as the average income. Leases running 15 years are typical and the company, which is franchising, cites Aamco and Lee-Myles as competition.

For more information, contact Dennis Fenerty, Cottman Transmission Systems, Inc., 240 New York Drive, Fort Washington, PA 19034; 800-394-6116, Fax 215-643-2519.

Food Tenants Hungry for Sites Nationwide

Admiral Subs Group, Inc. trades as Seawest Sub Shops at 48 locations in CA, ID, OR and WA. The sandwich restaurants occupy spaces of 300 sq.ft. to 1,200 sq.ft. in strip centers. Preferred co-tenants include video stores and big box retailers. Plans call for 15 openings in the coming 18 months. Expansion will take place in OR and WA. Preferred demographics include a population of 30,000 within three miles earning $20,000 as the average income. Leases running five years, with a five-year option, are typical and the company cites Blimpies and Subway as competition.

For more information, contact Brick Brunton, Admiral Subs Group, Inc., 1 Lake Bellevue Drive, Suite 201, Bellevue, WA 98005; 206-453-5216, Fax 454-7951.

Restaurants Northwest, Inc. does business as Burger King at 17 locations in AK. The fast food restaurants occupy spaces of 3,000 sq.ft. in freestanding facilities and power centers. Preferred anchors include Kmart, Wal*Mart and supermarkets. Plans call for the opening of four units in the coming 18 months. Preferred demographics include a population of 3,000 to 4,000 within two miles earning $14,000 as the average income. Expansion will take place in the existing market. Leases running five to twenty years are typical.

For more information, contact Eric Musser, Restaurants Northwest, Inc., 501 West Potter Drive, Anchorage, AK 99518; 907-562-2395, Fax 563-7231.

The Candy Barrel operates 26 locations in CA, WA, OR, NV, UT, CO, TX, LA, MO, NY, NM, MD, PA and VA. The stores, selling bulk candy, occupy spaces of 800 sq.ft. in downtown store fronts and specialty centers. 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 prefers a vanilla shell.

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

Marie Callender Pie Shops, Inc. trades as Marie Callender Restaurants at 156 locations in AZ, CA, CO, ID, IL, MN, NV, NM, OR, TX, UT, WA, WI and Mexico. The restaurants occupy spaces of 5,800 sq.ft. in freestanding facilities and regional malls. Plans call for as many as 15 openings in the coming 18 months. Expansion will take place in the Western region.

For more information, contact Greg Lynds, Marie Callender Pie Shops, Inc., 1100 Town & Country Road #1300, Orange, CA 92868; 714-542-3355, Fax 542-8078.

Phil Basra Co. trades as Taco Bell at 42 locations in CA. The Mexican fast food restaurants occupy spaces of 2,500 sq.ft. in freestanding facilities. Preferred anchors include Kmart and 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 20,000 within two miles earning $39,000 as the average income. Leases running 20 years are typical.

For more information, contact The Director of Real Estate, Phil Basra Co., 1400 Springs Road, Vallejo, CA 94591-5447, Fax 707-557-1198, Fax 557-1199.

Alamo Enterprises, Inc. trades as Alamo Mexican Rotisserie at five locations in CA. The Mexican restaurants occupy spaces of 1,300 sq.ft. in freestanding facilities and end caps of strip centers. Growth opportunities are sought in the existing market.

For more information, contact Mrs. Campos, Alamo Enterprises, Inc., 841 Avenida Acaso, Suite B, Camarillo, CA 93012; 805-987-8768, Fax 987-8515.

The Melodie Corporation does business as Burger King at 14 locations in NM and TX. The fast food restaurants occupy spaces of 3,500 sq.ft. in freestanding facilities. Plans call for one opening in the coming 18 months. Expansion will take place in the panhandle area of TX. Leases running 20 years are typical.

For more information, contact The Director of Real Estate, The Melodie Corporation, 1700 North Union, Roswell, NM 88201-3267; 505-622-5362, Fax 622-8016.

El Centro Foods, Inc. trades as Pizza Man "He Delivers" at 54 locations in CA. The pizza restaurants occupy spaces of 1,200 sq.ft. in strip centers. Plans call for five openings in the coming 18 months. Expansion will take place in Southern CA. Preferred demographics include a population of 100,000 within three miles earning $30,000 as the average income. Leases running five years are typical and the company, which is franchising, cites Domino’s and Pizza Hut as competition.

For more information, contact Robert Ohanian, El Centro Foods, Inc., 6930 ½ Tujunga Avenue, North Hollywood, CA 91605-6212; 818-766-4395, Fax 766-1496.

Dolan Foster Enterprises, Inc. trades as Taco Bell at 67 locations in CA. The Mexican fast food restaurants occupy spaces of 2,000 sq.ft. in freestanding facilities and strip centers. Preferred anchors include Wal*Mart. Plans call for six openings in the coming 18 months. Expansion will take place in the existing market. Leases running 20 years are typical.

For more information, contact The Director of Real Estate, Dolan Foster Enterprises, Inc., 25546 Seaboard Lane, Hayward, CA 94545-3210; 510-887-7260, Fax 785-7247.

Taco John’s International, Inc. trades as Taco John’s at 452 locations in CO, ID, IL, IN, IA, KS, KY, MN, MO, MT, NE, NV, ND, SD, TN, UT, WA, WI and WY. The Mexican fast food restaurants occupy spaces of 1,600 sq.ft. in freestanding facilities. Preferred anchors include supermarkets. Plans call for 70 openings in the coming 18 months. Expansion will take place in the existing markets. Preferred demographics include a population of 20,000 within one mile earning $40,000 as the average income. Leases running 20 years, with three ten-year options, are typical and the company, which is franchising, cites Taco Bell as competition.

For more information, contact Adam Thomas, Taco John’s International, Inc., 808 West 20th Street, Cheyenne, WY 82001-3404; 307-635-0101, Fax 638-0603.

Bubba Gump Shrimp Co. Restaurants, Inc. trades as Bubba Gump Co. Restaurant & Market at three locations in CA and HI. The restaurants, which are themed after the Forest Gump movie, occupy spaces of 7,500 sq.ft. to 10,000 sq.ft. in freestanding facilities. Plans call for eight openings in the coming 18 months. Expansion will take place nationwide. Leases running 15 to 20 years are typical. The company cites Hard Rock Cafe, Rain Forest Cafe and Landry’s as competition.

For more information, contact Scott Barnett, Bubba Gump Shrimp Co. Restaurants, Inc., 940 Calle Negocio 250, San Clemente, CA 92673; 714-366-6260, Fax 366-6261.

Abbott’s Frozen Custard, Inc. trades as Abbott’s Frozen Custard at 17 locations in NY. The frozen dessert restaurants occupy spaces of 1,000 sq.ft. in freestanding facilities. Plans call for two openings in the coming 18 months. Expansion will take place in the existing market.

For more information, contact Gail Drew, Abbott’s Frozen Custard, Inc., 4791 Lake Avenue, Rochester, NY 14612; 716-865-7400, Fax 865-6034.

The Coffee Bean & Tea Leaf operates 31 locations in CA. The stores, selling gourmet coffee and teas, occupy spaces of 1,000 sq.ft. to 1,800 sq.ft. in freestanding facilities, regional malls, specialty and strip centers. Preferred anchors include bookstores, movie theaters and restaurants. Plans call for 25 openings in the coming 18 months. Expansion will take place in the existing market. Preferred demographics include a population of 100,000 within three miles earning $60,000 as the average income. Leases running 10 years are typical.

For more information, contact Rick Chancellor, The Coffee Bean & Tea Leaf, 4580 Calle Alto, Camarillo, CA 93012-8578; 805-484-7924, Fax 987-7528.

TCBY Enterprises, Inc. trades as TCBY Treats at more than 2,800 locations nationwide. The frozen dessert restaurants occupy spaces of 1,200 sq.ft. to 1,600 sq.ft. in freestanding facilities and strip centers. Preferred anchors include Wal*Mart, supermarkets, video stores and national chain restaurants. Growth opportunities are sought nationwide. Preferred demographics include a population of 40,000 within three miles earning $40,000 as the average income. Leases running three to five years are typical and the company, which is franchising, cites Baskin Robbins as competition.

For more information, contact The Director of Real Estate, TCBY Enterprises, Inc., 425 West Capitol Avenue, Little Rock, AR 72201-3405; 501-688-8229, Fax 688-8260, home page www.tcby.com.

Taco Casa International Ltd. trades as Taco Casa at 16 locations in FL, KS, KY, MS, PA and TN. The Mexican fast food restaurants occupy spaces of 1,200 sq.ft. to 1,800 sq.ft. in freestanding facilities and strip centers. Plans call for three openings in the coming 18 months. Expansion will take place in KS and MO. Preferred demographics include a population of 10,000 within one mile earning $50,000 as the average income. Leases running 10 years are typical and the company cites Taco Bell as competition.

For more information, contact James Reiter, Taco Casa International, Ltd., 1607 West 37th Street, Topeka, KS 66611; 913-267-2548, Fax 267-2652.

Bassett’s Original Turkey operates 25 locations in CO, CT, MD, MA, NJ, NY, PA, RI and Washington, D.C. The restaurants, specializing in fresh roasted turkey dishes, occupy spaces of 500 sq.ft. to 1,500 sq.ft. in power centers and regional malls. Preferred anchors include Lord & Taylor, Macy’s, Nordstrom and Strawbridges. Plans call for 40 openings in the coming 18 months. Expansion will take place nationwide. Leases running 10 years are typical and the company is franchising.

For more information, contact Steve Beagelman, Bassett’s Original Turkey, 228 Lakeside Drive, Horsham, PA 19044; 215-675-9670, Fax 675-9690, e-mail Boturket@aol.com, home page www.bassetts.com.

Crown Wine & Spirits operates 23 locations in FL. The stores, selling wines, liquors and gourmet foods, occupy spaces of 4,000 sq.ft. to 5,000 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 market. Preferred demographics include a population of 125,000 within three miles earning $45,000 as the average income. Leases running five years are typical.

For more information, contact Ray Brooks, Crown Wine & Spirits, 915 West Sunrise Boulevard, Fort Lauderdale, FL 33311; 954-463-5200, Fax 524-8934.

Applebee’s International trades as Applebee’s Neighborhood Grill & Bar at 970 locations nationwide, exclusive of AK, CT and HI. The casual restaurants occupy spaces of 5,000 sq.ft. in freestanding facilities, power, specialty and strip centers. Preferred anchors include Kmart, Wal*Mart and supermarkets. Plans call for 150 openings in the coming 18 months. Expansion will take place nationwide. Preferred demographics include a population of 50,000 within three miles earning $35,000 as the average income. Leases running 15 years are typical and the company, which is franchising, cites Chili’s, Friday’s and Ruby Tuesday’s as competition.

For more information, contact Jim Kirkpatrick, Applebee’s International, Inc., 4551 West 107th Street #100, Overland Park, KS 66207; 913-967-4000, Fax 341-4970, e-mail jwkirkpa@applebees.com.

All American Frozen Yogurt Company, Inc. trades as All American Frozen Yogurt & Ice Cream Shops at 22 locations in CA, CO, HI, ID, OR and WA. The frozen dessert restaurants occupy spaces of 150 sq.ft. to 1,200 sq.ft. in regional malls and strip centers. Plans call for six openings in the coming 18 months. Expansion will take place in the existing markets. Preferred demographics include a population of at least 15,000 within two miles earning $30,000 as the average income. Leases running seven years are typical and the company, which is franchising, cites Baskin-Robbins and TCBY as competition.

For more information, contact C.R. Duffie Jr., All American Frozen Yogurt Company, Inc., 812 S.W. Washington Street, Suite 1110, Portland, OR 97205; 503-224-6199, Fax 224-5042.

Arthur Treacher’s, Inc. trades as Arthur Treacher’s Fish & Chips at 117 locations in FL, GA, IL, MD, NJ, NY, OH, PA, SC, TX, VA and Washington, D.C. The fast food restaurants, specializing in seafood and chicken items, occupy spaces of 550 sq.ft. to 2,000 sq.ft. in freestanding facilities. Preferred anchors include Wal*Mart. Plans call for 50 openings in the coming 18 months. Expansion will take place in FL, MI and NY. Preferred demographics include a population of 50,000 within three miles earning $50,000 as the average income. Leases running seven years are typical and the company, which is franchising, cites Long John Silvers and Captain D’s as competition.

For more information, contact Michael Proulx, Arthur Treacher’s, Inc., 7400 Baymeadows Way, Suite 300, Jacksonville, FL 32256; 904-739-1200, Fax 739-2500.

Cooker Restaurant Corp. trades as Cooker Bar & Grille at 60 locations in FL, GA, IN, KY, MD, MI, NC, OH, TN and VA. The casual restaurants occupy spaces of 7,500 sq.ft. in freestanding facilities. Plans call for 15 openings in the coming 18 months. Expansion will take place in the Midwestern and Southeastern regions. Preferred demographics include a population of 100,000 within three to five miles earning $50,000 as the average income. Leases running 10 years, with options, are typical.

For more information, contact Todd Sorrin, Cooker Restaurant Corp., 5500 Village Boulevard, West Palm Beach, FL 33407; 561-615-6000, Fax 615-6009.

Closings

Homeland Stores, Inc. (405-879-6600) plans to close its 28,000 sq.ft. supermarket in Amarillo, TX after its completes the remodeling of its 110,000 sq.ft. supermarket a few blocks away.

A&P Food Stores (201-930-8442) recently closed its last supermarket in Columbus, GA.

Mothers Work, Inc. (215-873-2214) plans to close 21 of its 51 Episode stores by the end of this month. The company is closing the stores due to losses in the division. Individual stores have not been identified, but the company said that the majority of closings will be outlet locations.

Who’s Openings and Where

Pizzeria Uno Chicago Bar and Grill (617-323-9200) plans to open a 5,431 sq.ft. restaurant at Spokane Valley Mall in Spokane, WA during July. It will be the region’s first Pizzeria Uno unit.

The Great Train Store (972-392-1599) recently opened a store at Hamilton Place in Chattanooga, TN. The company is planning to open stores at Woodland Hills Mall in Tulsa, OK; Lynnhaven Mall in Virginia Beach, VA; Scottsdale Fashion Square in Scottsdale, AZ and a Great Train Store Express unit at Faneuil Hall Marketplace in Boston, MA later this year.

Host Marriott Services Corp. (301-380-7903) recently reached an agreement with Forest City Ratner Companies to develop 35,000 sq.ft. of food and beverage operations at its 42nd Street Entertainment and Retail Project in New York, NY. Host Marriott will manage the facilities, which will contain a food court and combination of quick-serve eateries and care style restaurants, along with one kiosk. The site is expected to open during 1999.

The Pep Boys (215-229-9000) recently opened a 19,900 sq.ft. Supercenter in Everett, WA. It is the company’s first unit in the state.

Hibbett Sporting Goods, Inc. (205-942-4292) opened 15 stores during the first quarter of this year in AR, GA, IN, KY, MS, MO, OK, SC, TN and TX. The openings give the company 135 stores in 16 states. The company is planning to open a total of 42 stores this year and the stores average 5,000 sq.ft.

Hard Rock Cafe International, Inc. (212-489-0434) plans to open 15 restaurants worldwide this year. Two of the units have already opened in Philadelphia, PA and Edinburgh, Scotland. Other units are planned for Lake Tahoe, CA; Salt Lake City, UT; Ankara, Turkey; Cleveland, OH; Kona, HI; San Diego, CA; St. Louis, MO; Sai Pan; Sharm El Sheikh, Egypt; Denver, CO; Rome, Italty; Orlando, FL; New York, NY and Amsterdam, Holland. The company currently operates 86 Hard Rock Cafes in 30 countries.

Barnes & Noble (212-633-3512) plans to open a 32,000 sq.ft. bookstore at Pacific Place in Seattle, WA during September.

CompUSA (972-982-4000) plans to open a 24,600 sq.ft. computer store at Fair Lakes Promenade in Fairfax, VA during late 1998.

Staples, Inc. (508-370-8500) plans to develop two stores in Anchorage and one store in Wasilla, AK during Summer. The stores are expected to open during early 1999.

Wal*Mart (501-273-4000) plans to open a store at Northwest Promenade in Bakersfield, CA last this year.

Real Estate Professionals Making News

The Limited, Inc. (614-479-7000) announces that Andrea Weiss has been named executive vice president and chief stores officer, a newly created position.

Rappaport Management Companies (703-641-9103) announces that Earl Goodman has joined the company as an anchor tenant leasing specialist. In his new position, Goodman will be responsible for attracting anchor and big box tenants to the company’s two million sq.ft. of retail space under development.

Bradlees, Inc. (617-380-5863) announces the promotion of Robert Lynn to chief operating officer.

Mid-Atlantic Realty Trust (410-684-2000) announces that Ronald Cappello has joined the company as vice president-acquisitions. Prior to joining Mid-Atlantic, Cappello was vice president-acquisitions for Montgomery CV Realty.

Combined Properties, Inc. (202-293-4500) announces that Hal A. Vasvari has been appointed president. In his new position, Vasvari will be responsible for directing day-to-day operations and implementing plans for future growth.

Abrams Industries, Inc. (770-953-1777) announces that Gerald T. Anderson II has been promoted to president and chief executive officer of the company. The company also announces that James D. O’Donnell has joined the company as vice president of acquisition and development.

Excess Space Disposition, Inc. (212-338-0575) announces that Leo J. Greco has been named vice president. He will act as a liaison between the company’s retail clients and their landlords, potential lessees/purchasers and the company’s nationwide network of brokers.

Donahue Schriber (714-854-2100) announces the appointment of David Mudgett as executive vice president to oversee the company’s regional and urban center division, and third party services.

Aaron Rents, Inc. (404-231-0011) announces that Gilbert L. Danielson has been promoted to executive vice president in addition to his duties as chief financial officer.

New Construction

Kitchell Development Company recently completed the first phase of Grand Village Center in Surprise, AZ. The 75,000 sq.ft. initial phase is anchored by a 55,000 sq.ft. Safeway supermarket with 20,000 sq.ft. of small shop space. When completed, the project’s total GLA will be 400,000 sq.ft.

For more information, contact Kitchell Development Company at (602-264-4411).

The Mills Corporation is currently developing The Block at Orange, formerly known as CityMills, in Orange, CA. The project, which will be anchored by an AMC 30-plex movie theater, Borders, Dave & Buster’s, Cafe Tu Tu Tango and Mulberry Street Pizzeria, announces that the following retailers and restaurants have signed leases to join the project, which is expected to open late this year. Vans Skate Park will occupy 46,000 sq.ft., including 6,000 sq.ft. outdoors. This new concept for the retailer will be the largest skate park in the country and will include an 80 foot vertical ramp, a 20,000 sq.ft. street course, two in-ground cement pools, a pee-wee area for kids and a skate shop selling alternative sport and lifestyle footwear and apparel. Occupying 10,500 sq.ft. will be Alcatraz Brewing Company, a restaurant/brewpub featuring design elements from Alcatraz. Graham Central Station will take 35,000 sq.ft. and include seven unique nightclubs under one roof. In addition, Virgin Megastore will occupy 22,000 sq.ft., JNCO will take 10,000 sq.ft., Corner Bakery will use 6,300 sq.ft., Toys International will occupy 9,600 sq.ft. and Starbucks will use 2,000 sq.ft.

For more information, contact The Mills Corporation at (703-526-5000).

Westfield America, Inc. recently broke ground on Mission Valley West in San Diego, CA. The 210,000 sq.ft. project will be anchored by a 25,000 sq.ft. Borders Books and Music store, a 10,000 sq.ft. Gateway Computers store, a 32,500 sq.ft. Marshalls store, a 14,500 sq.ft. Old Navy store, a 16,500 sq.ft. Just For Feet store, and a 25,000 sq.ft. Golfsmith store. Restaurants at the power center will include Koo-Koo-Roo California Kitchen, Gordon Biersch Brewing Company and EatZi’s Market & Bakery. A fourth restaurant tenant will be announced soon. The site originally housed a 205,000 sq.ft. office building with adjoining retail and restaurants. All of those buildings were razed to develop the new retail project. The site is located across from Mission Valley Center and is expected to open during late Fall.

For more information, contact Richard Green of Westfield America, Inc. at (310-445-6800).

PCF Investments, LLC along with Captec Net Lease Realty, Inc. recently acquired a vacant Sears department store at Solano Mall in Fairfield, CA. The two companies plan to redevelop the site to house a 46,000 sq.ft. Best Buy store and a 75,000 sq.ft., 16-screen Edwards Theater. The project is expected to open during early 1999.

For more information, contact Gary Mull of PCF Investments, LLC at (949-756-1022), Fax (756-9292), e-mail gmull@pentz-partners.com.

The Sembler Company is developing Publix at Perimeter in Atlanta, GA. The 74,473 sq.ft. project will be anchored by a 27,887 sq.ft. Publix Supermarket and a 10,908 sq.ft. Eckerd Drug store. The balance of the space will be occupied by Hollywood Video, Einstein Bagel, Pak Mail, Arby’s and variety of local tenants. The project is expected to open during August.

For more information, contact The Sembler Company at (813-384-6000).

CBL & Associates Properties, Inc. recently broke ground on Fiddler’s Run Shopping Center in Morganton, NC. The 200,000 sq.ft. project will be anchored by a 49,473 sq.ft. Belk department store, a 33,796 sq.ft. JC Penney store, a 25,263 sq.ft. Goody’s and a 38,000 sq.ft. Food Lion supermarket. Space for a fifth anchor, ten to fifteen specialty shops and five outparcels remain available. The site is expected to open during Spring 1999.

For more information, contact Jamey Flegal of CBL & Associates at (423-855-0001), Fax (490-8662).

First Union Management, Inc., the management company affiliated with First Union Real Estate Investments, owners of the mall, recently announced plans to transform a 100,000 sq.ft. former Sears store at Two Rivers Mall in Clarksville, TN into a telecommunications and business call center. The 220,000 sq.ft. project is currently anchored by U.S. Factory Outlets and Gold’s Gym. At one time, the mall was anchored by Sears and Parks/Belk, but both left the mall in the mid-1980s. Afterward, the Sears stores was occupied by a wholesale club that has also vacated the space. In a press release, Dan Nixon, executive vice president of First Union Management, said that, "not only does First Union have a very accommodating facility for telecommunications business; but Clarkville also has an outstanding and plentiful labor force in addition to great amenities such as the adjacent RiverWalk project." Nixon also said that the company plans to retain some of the retail uses following the conversion. First Union has previously converted a 400,000 sq.ft. retail project in CO into a telecommunications call center.

For more information, contact Thomas Kmiecik of First Union Management, Inc. at (216-781-4030).

Lead Sheet
Lemstone, Inc.
dba Lemstone Books
Kevin Holly
1123 Wheaton Oaks Court
Wheaton, IL 60187-3051
630-682-1400, Fax 682-1828

Books

The 74-unit chain operates locations in 27 states. The Christian book stores occupy spaces of 1,400 sq.ft. to 2,000 sq.ft. in regional malls. Plans call for 15 openings in the coming 18 months. Expansion will take place nationwide. Preferred demographics include a trade area population of 120,000 earning $40,000 as the average income. Leases running 10 years are typical and the company is franchising.

The Electronics Boutique, Inc.
dba Stop-N-Save Software
J.J. Firestone
931 South Matlack Street
West Chester, PA 19382
610-430-8100, Fax 430-6574

Computers

The six-unit chain operates locations nationwide. The stores, selling video games and computer software, occupy spaces of 1,500 sq.ft. to 2,000 sq.ft. in freestanding facilities, power, specialty and strip centers. Preferred anchors include Kmart, TJ Maxx and Wal*Mart. Plans call for 50 openings in the coming 18 months. Expansion will take place nationwide. Leases running 10 years are typical.

Landhope Farms Corp.
dba Landhope Farms
Mark Melesk
101 East Street Road
Kennett Square, PA 19343-1701
610-444-3300, Fax 444-2926

Convenience Store

The 15-unit chain operates locations in DE, MD and PA. The convenience stores, which also sell gasoline, occupy spaces of 3,000 sq.ft. in freestanding facilities. Plans call for at least three openings in the coming 18 months. Expansion will take place in MD and PA. Leases running 25 years are typical. The company cites Wawa and Turkey Hill as competition.

TOL Franchise Group
dba Top of The Line Fragrances
Steven Ciaverelli
515 Bath Avenue
Long Branch, NJ 07740
732-229-0014, Fax 222-1762
e-mail: tol@superlink.net
home page: tolfranchise.com

Cosmetics

The five-unit chain operates locations in FL, NJ, PA and TN. The stores, selling cosmetics and designer fragrances, occupy spaces of 700 sq.ft. to 1,200 sq.ft. in regional malls, outlet and power centers. Plans call for three openings in the coming 18 months. Expansion will take place in FL, NJ and PA. Leases running 10 years are typical and the company is franchising.

Dawahares of Lexington, Inc.
dba Dawahares
A.F. Dawahare
1845 Alexandria Drive
Lexington, KY 40504
606-278-0422, Fax 277-5673

Department Store

The 17-unit chain operates locations in KY, OH, TN and WV. The department stores occupy spaces of 15,000 sq.ft. to 20,000 sq.ft. in regional malls and strip centers. Plans call for as many as four openings in the coming 18 months. Expansion will take place in KY. Preferred demographics include a population of 50,000 within 20 miles earning $35,000 as the average income. Leases running 10 to 20 years are typical.

A.J. Cohen, Inc.
dba Shane’s Dollar Daze
Jeffrey Schefter
50 Oser Avenue
Hauppauge, NY 11788
516-234-3444, Fax 234-3770

Discount

The 14-unit chain operates locations in NY. The discount stores occupy spaces of 3,500 sq.ft. to 5,000 sq.ft. in strip centers. Preferred anchors include supermarkets. Plans call for as many as two openings in the coming 18 months. Expansion will take place in the existing market. Leases running 10 years are typical.

Astrup Drug, Inc.
dba Sterling Drug Stores
Leonard Astrup
905 North Main
Austin, MN 55912-3357
507-433-7447, Fax 433-1632

Drug Store

The nine-unit chain operates locations in MN. The drug stores occupy spaces of 12,000 sq.ft. in freestanding facilities. Preferred anchors include supermarkets. Plans call for as many as two openings in the coming 18 months. Expansion will take place in the existing market. Leases running 10 years, with options, are typical.

Payless Cleaners
Michael Spiro
1858 Street Road
Bensalem, PA 19020-4353
215-638-2009, Fax 244-9737

Dry Cleaners

The 28-unit chain operates locations in NJ and PA. The dry cleaners occupy spaces of 1,600 sq.ft. to 2,000 sq.ft. in strip centers. Preferred anchors include supermarkets. Plans call for as many as 16 openings in the coming 18 months. Expansion will take place in CT, DE, MD, NJ, PA, SC and VA. 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, which is franchising, cites Our Hour Martinizing and Dry Clean USA as competition.

Tops Appliance City
Tom Zambelli
45 Brunswick Avenue
Edison, NJ 08818-1907
732-248-2918, Fax 248-2731
e-mail: tomzam@bellatlantic.net

Electronics

The seven-unit chain operates locations in NJ and NY. The stores, selling consumer electronics and appliances, occupy spaces of 50,000 sq.ft. in freestanding facilities. Plans call for the opening of four units in the coming 18 months. Expansion will take place in the existing markets. Leases running 15 to 20 years are typical.

A.M.F. Bowling Centers, Inc.
dba A.M.F. Bowling Centers
Bruce Berg
7313 Bell Creek Road
Mechanicsville, VA 23111
804-559-8600, Fax 559-8666

Entertainment

The 400-unit chain operates locations nationwide. The bowling centers occupy spaces of 25,000 sq.ft. to 50,000 sq.ft. in freestanding facilities and strip centers. Plans call for 100 openings in the coming two years. Expansion will take place nationwide. Leases running 30 years are typical.

Hancock Fabrics, Inc.
dba Hancock Fabrics, Minnesota Fabrics, Fabric Warehouse
William Smothers
PO Box 2400
Tupelo, MS 38801-2400
601-842-2834, Fax 842-3870
home page: www.fabric1.com

Fabrics

The 500-unit chain operates locations nationwide. The fabric stores occupy spaces of 12,000 sq.ft. to 20,000 sq.ft. in freestanding facilities, power and strip centers. Preferred anchors include discount department stores and supermarkets. Plans call for 60 openings in the coming 18 months. Expansion will take place nationwide. Preferred demographics include a population of 60,000 within three miles earning $25,000 as the average income. Leases running 10 years are typical and the company prefers full turnkey deals.

Regis Corporation
dba Super Cuts
Paul Plate
7201 Metro Boulevard
Minneapolis, MN 55439
612-947-7000, Fax 947-7900

Hair Salon

The 1,170-unit chain operates locations nationwide. The hair salons occupy spaces of 1,000 sq.ft. to 1,200 sq.ft. in power and strip centers. 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 and the company is franchising.

The Bedroom Superstore Group
dba Bedroom Superstore
Danny Dean
5015 North 19th Avenue
Phoenix, AZ 85015-3202
602-242-2379, Fax 242-6664

Home Furnishings

The 34-unit chain operates locations in AZ, CA, CO, NV, OR, UT, WA and WI. The stores, selling bedroom furniture, occupy spaces of 10,000 sq.ft. to 30,000 sq.ft. in freestanding facilities. Preferred anchors include Home Depot and Wal*Mart. Plans call for as many as three openings in the coming 18 months. Expansion will take place in ID and NM.

M.A. Bruder & Sons, Inc.
dba MAB Paints
Daniel Battista
600 Reed Road
Broomall, PA 19008-3506
610-353-5100, Fax 325-2718
e-mail: dbattista@mabpaints.com

Home Improvement

The 160-unit chain operates locations in AL, DE, FL, IL, IN, MD, MI, MO, NJ, NC, OH, PA and VA. The stores, selling paints and related products, occupy spaces of 3,500 sq.ft. to 5,000 sq.ft. in freestanding facilities. Plans call for 24 openings in the coming 18 months. Expansion will take place nationwide. Preferred demographics include a population of 100,000 within five miles earning $40,000 as the average income.

Chesapeake Knife & Tool
Jack Herman
635 Potomac River Road
McLean, VA 22102
703-734-1808, Fax 734-1808

Housewares

The 10-unit chain operates locations in FL, MA, MD, VA and Washington, D.C. The stores, selling cutlery, occupy spaces of 750 sq.ft. to 1,000 sq.ft. in regional malls. Growth opportunities are sought in the existing markets.

Ben Bridge Jeweler, Inc.
dba Ben Bridge Jeweler
Director of Real Estate
2901 3rd Avenue #200
Seattle, WA 98121-1014
206-448-8800, Fax 448-7456
e-mail: jbridge@benbridge.com
home page: www.benbridge.com

Jewelry

The 56-unit chain operates locations in AK, AZ, CA, CO, HI, NV, NM, OR and WA. The jewelry stores occupy spaces of 1,500 sq.ft. to 2,200 sq.ft. in regional malls. Preferred anchors include high-end department stores. Plans call for as many as four openings in the coming 18 months. Expansion will take place in the Southwestern and Western regions. Leases running 10 years are typical.

Samsonite Corporation
dba Samsonite Company Stores
Paul Ouellette
91 Main Street
Warren, RI 02885
401-245-2100, Fax 247-3201
e-mail: Paul_Ouellette@Samsonite.com

Luggage

The 190-unit chain operates locations nationwide. The stores, selling luggage, business cases and travel accessories, occupy spaces of 3,500 sq.ft. in outlet centers and regional malls. Plans call for 40 openings in the coming 18 months. Expansion will take place nationwide. Preferred demographics include a population of one million within 40 miles earning $45,000 as the average income. Leases running five years are typical.

Office Depot
Charles Carmichael
2200 Old Germantown Road
Delray Beach, FL 33455
561-265-4258, Fax 274-7970

Office Supplies

The 612-unit chain operates locations in 42 states. The office supplies stores occupy spaces of 25,000 sq.ft. to 30,000 sq.ft. in downtown store fronts, freestanding facilities and strip centers. Preferred anchors include TJ Maxx, home improvement retailers and supermarkets. Plans call for 160 openings in the coming 18 months. Expansion will take place in the Northeastern, Northwestern and Midwestern regions. Preferred demographics include a population of 100,000 within five miles earning $45,000 as the average income. Leases running 10 years are typical.

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, OR and WA. The stores, selling sunglasses, occupy spaces of 500 sq.ft. to 1,000 sq.ft. in regional malls. Plans call for as many as 10 openings in the coming 18 months. Expansion will take place in the existing markets as well as in AZ and NV. Preferred demographics include a population of 20,000 within five miles earning $50,000 as the average income. Leases running 10 years are typical and the company, which cites Sunglass Hut as competition, prefers a vanilla shell.

Party Land, Inc.
dba Party Land
Ken Gross
5215 Militia Hill Road
Plymouth Meeting, PA 19462-1216
610-941-6200, Fax 941-6301
home page: www.partyland.com

Party Supplies

The 117-unit chain operates locations nationwide. The stores, selling party supplies, occupy spaces of 6,000 sq.ft. in strip centers. Preferred anchors include supermarkets. 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 earning $40,000 as the average income. Leases running five years are typical and the company, which is franchising, cites Party City and Factory Card Outlet as competition.

Track ‘N Trail
Dave Morgan
4961 A Windplay Drive
Eldorado Hills, CA 95630
916-933-4525, Fax 933-4521

Shoes

The 113-unit chain operates locations in 27 states. The stores, selling outdoor and adventure footwear, occupy spaces of 1,850 sq.ft. in regional malls. Preferred co-tenants include Disney, Eddie Bauer and Gap. Plans call for 30 openings in the coming 18 months. Expansion will take place in FL and TX. Preferred demographics include a population of 250,000 within five miles earning $40,000 as the average income. Leases running 10 years are typical.

Sign Biz, Inc.
dba Sign Biz
Sherry Suffens
10 Corporate Park, Suite 200
Irvine, CA 92606
714-263-0400, Fax 263-1555

Signs

The 130-unit chain operates locations throughout North America, The Bahamas, Mexico and The Philippines. The sign shops occupy spaces of 1,200 sq.ft. to 1,800 sq.ft. in downtown store fronts and strip centers. Preferred co-tenants include Kinko’s, Office Depot, OfficeMax and Sir Speedy. Plans call for 15 openings in the coming 18 months. Expansion will take place nationwide. Preferred demographics include 1,500 businesses within five miles. The company cites Fast Signs and Sign-A-Rama as competition.

BJ’s Wholesale Club, Inc.
dba BJ’s Wholesale Club
George Drummey
1 Mercer Road
Natick, MA 01760
508-651-6063, Fax 651-6070

Wholesale Club

The 87-unit chain operates locations in CT, DE, FL, ME, MD, MA, NH, NJ, NY, OH, PA, RI and VA. The wholesale clubs occupy spaces of 115,600 sq.ft. in freestanding facilities and power centers. Preferred co-tenants include supermarkets. Plans call for 15 openings in the coming 18 months. Expansion will take place in the existing markets. Leases running 20 years are typical.

Lease Signings

Shopping Center Realty Corp. (203-629-1919) leased 3,450 sq.ft. to Rockaway Bedding at Exeter Towne Center in Reading, PA and 7,000 sq.ft. to Hollywood Video in Cortlandt, NY.

Charter Oaks Partners (302-226-9223) leased space to Vans Shoes at Rehoboth Outlets in Rehoboth Beach, DE.

Capital Realty Advisors, Inc. (561-744-1088) leased 3,256 sq.ft. to Bridge Studio of Palm Beach, 3,250 sq.ft. to Rent-A-Center and 16,800 sq.ft. to Beall’s Outlet Store at Shops at Palm Coast in West Palm Beach, FL; 68,337 sq.ft. to Kmart at Spring Park Plaza in Denham Springs, LA; 3,750 sq.ft. to Butler Plumbing and 3,750 sq.ft. to Dean Interior Specialities at Plaza III Warehouse in Oklahoma City, OK; 1,400 sq.ft. to Healthquest at Magnolia Place Shopping Center in Daphne, AL and 1,200 sq.ft. to Olan Mills at Southside Shopping Center in Leesburg, FL.

The Sembler Company (813-384-6000) leased 1,500 sq.ft. to Domino’s Pizza at Publix at Acworth in Acworth, GA; 1,050 sq.ft. to The Ram's Horn at Publix at Barclay in Spring Hill, FL; 12,000 sq.ft. to Beall’s Outlet Stores, 2,546 sq.ft. to Wild Birds Unlimited, 1,700 sq.ft. to Barbie’s Boutique and 1,275 sq.ft. to Cowhides at Bayside Bridge Plaza in Clearwater, FL; 1,120 sq.ft. to Big Olaf Creamery and 735 sq.ft. to Alterations By Nelly at Beneva Market Place in Sarasota, FL; 9,350 sq.ft. to Aaron Rents at Brandon Crossings in Tampa, FL; 975 sq.ft. to Hair Cuttery at Deltona Landings in Deltona, FL; 3,000 sq.ft. to Rent-A-Center at Highland Square in Inverness, FL; 4,000 sq.ft. to Mattress Discounters and 3,250 sq.ft. to Shoe World at Lighthouse Crossings in St. Petersburg, FL; 2,100 sq.ft. to Maui Tacos and 1,260 sq.ft. to Video Editor at Publix at Perimeter in Atlanta, GA; 4,000 sq.ft. to Capalbo’s Italian Cafe and 1,500 sq.ft. to Mail Boxes Etc. at Publix at Powder Springs in Powder Springs, GA; 1,200 sq.ft. to Ladies Fitness Express, 900 sq.ft. to Ship It Quick and 900 sq.ft. to La Belle Nails at Publix at River Crossing in Pasco County, FL; 4,025 sq.ft. to Jan’s Hallmark, 1,950 sq.ft. to Ocean Key Chinese Restaurant and 1,225 sq.ft. to Ladies Workout Express at Robson Crossing in Oakwood, GA; 3,000 sq.ft. to E-Z Rent-To-Own at Westgate Plaza in St. Cloud, FL and 1,200 sq.ft. to Fantastic Sam’s at Woodlands Square in Oldsmar, FL.

Reisenfeld & Company (216-765-8080) leased space to Kitchen Collection at Upper Valley Mall in Springfield, OH; 12,500 sq.ft. to Chinese Buffet at a former Hometown Buffet space at Euclid Square Mall in Euclid, OH; 1,155 sq.ft. to Wireless Innovation at Broadview Village Shopping Center in Broadview, OH; 6,000 sq.ft. to World of Sleep in Mentor, OH; 3,600 sq.ft. to World of Sleep at Rosemont Commons in Akron, OH and space to Short Sizes, Inc. in Mayfield Heights, OH.

Providence Place Group (401-453-2100) leased space to Johnny Rocket’s and Canyon Cafe at Providence Place Mall in Providence, RI.

David Cronheim Company (973-635-2180) leased 13,200 sq.ft. to Strauss Discount Auto in North Plainfield, NJ.

Montgomery CV Realty Trust (610-825-7100) leased 2,400 sq.ft. to Accent on Country and 3,554 sq.ft. to Ladyfit Fitness Center at Chesterbrook Village Center in King of Prussia, PA; 2,000 sq.ft. to Illiano’s Pizza and 11,077 sq.ft. to Rite Aid at County Line Shopping Center in Souderton, PA; 2,944 sq.ft. to Boardwalk Avenue and 4,200 sq.ft. to The Shoe Department at Laurel Mall in Hazelton, PA; 2,500 sq.ft. to K-Tron at MacDade Mall in Holmes, PA; 1,500 sq.ft. to Player’s Choice at Trexler Mall in Trexlertown, PA and 1,275 sq.ft. to The Looking Glass and 2,225 sq.ft. to Woodbourne Cleaners at Woodbourne Shopping Center in Woodbourne, PA.

Litvin/LaRue/Greenfield Commercial Real Estate, Inc. (630-773-7500) leased 900 sq.ft. to Sears Optical at Danada Square West in Wheaton, IL; 975 sq.ft. to Sears Optical at Baker Hill Shopping Center in Glen Ellyn, IL; 1,280 sq.ft. to Sears Optical at Hickory Creek Marketplace in Frankfort, IL; 9,400 sq.ft. to Garden Buffet at a former Old Country Buffet site in Arlington Heights, IL and 12,690 sq.ft. to Bally Total Fitness at a former Silo location in North Riverside, IL.

Mergers & Acquisitions

Houlihan’s Restaurant Group, Inc. (816-756-2200) recently reached an agreement to sell the company to Scoggin Ventures, a group led by the founder of the T.G.I. Friday’s restaurant chain. Houlihan’s operates 102 units trading as Houlihan’s, Bristol, Darryl’s and J. Gilbert.

Staples, Inc. (508-370-8500) recently purchased the leaseholds on 32 former Rickel Home Center stores. Staples plans to convert most the stores to Staples The Office Superstore in the coming six months.

AutoZone, Inc. (901-495-6500) and Chief Auto Parts, Inc. recently signed a definitive agreement in which AutoZone will purchase the outstanding shares of Chief for approximately $75 million. Additionally, AutoZone will assume approximately $205 million in debt. Chief currently operates 556 stores in CA and TX. AutoZone currently operates 2,001 stores in 38 states.

Buyers & Sellers

Trammell Crow announces that the company has dropped its plans to buy and redevelop Town & Country Mall in Houston, TX. The company had originally planned to buy the one million sq.ft. project and redevelop it into an entertainment-oriented center with a large movie theater. However, after doing the due diligence on the project, the company decided that the turnaround proposed wasn’t viable. The mall is owned by American General Realty Advisors and is anchored by Neiman Marcus, Dillard’s, JC Penney and Saks Fifth Avenue. Local real estate analysts feel that the best use for the mall may be a conversion to office space.

For more information, contact Matt Khourie of Trammell Crow at (713-963-1000).

H. Pearce Company has the listing to sell a 2.26 acre parcel of land in Berlin, CT. The site fronts Berlin Turnpike, is adjacent to a Home Depot and all utilities are available. The asking price is $900,000.

For more information, contact Dennis Hawrylko at (860-721-8100).

Inland Real Estate Corporation recently acquired four shopping centers in four separate transactions for an aggregate cost of $12 million. The four projects include the 19,000 sq.ft. Homewood Plaza in Homewood, IL which is anchored by Super Trak Auto, Blockbuster Video and Red Wing Shoes; the 14,677 sq.ft. Wisner/Milwaukee Shopping Center in Chicago, IL which is anchored by Spincycle Laundry, Blockbuster Video, Giordano’s Restaurant and F&M Dollar Plus; the 229,639 sq.ft. Lake Park Plaza Shopping Center in Michigan City, IN which is anchored by Wal*Mart and Roundy’s Grocery Store; and the 31,298 sq.ft. Maple Plaza Shopping Center and by Goodyear, Radio Shack, Domino's Pizza, Bo-Rics Hair Salon, Subway and Dairy Queen.

For more information, contact Louis Quilico, Steve Sanders or William Anderson at (630-218-8000).

Pan Pacific Retail Properties, Inc. recently acquired Creekside Center in Hayward, CA for $6 million. The 80,000 sq.ft. project is anchored by Lucky Supermarket and Longs Drugs. The company also recently acquired Panther Lake Shopping Center in Kent, WA for $7.8 million. The 113,000 sq.ft. project is anchored by Albertsons and Rite Aid.

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

CB Commercial Real Estate Group represented Streamwood Limited Partnership in its sale of Streamwood Market Square in Streamwood, IL to Aldi Foods, Inc. The 49,741 sq.ft. project is anchored by Aldi Foods.

For more information, contact Carole Borg or Frank Kotnaur at (847-706-4925).

Bryant Development Corp., Inc. recently acquired Port Richmond Shopping Center in Northeast Philadelphia, PA from The Equitable Life Assurance Society of the United States. The 157,000 sq.ft. project is anchored by Thriftway Supermarket, Pep Boys, Eckerd and Radio Shack.

For more information, contact Daniel Weinreb at (914-701-4300).

Aegis Realty, Inc. recently acquired Barclay Plaza in Lakeland, FL for $3.8 million. The 81,459 sq.ft. project is anchored by Food Lion and Dollar General. The company has entered into a contract to acquire The Village at Waterford in Midlothian, VA for $6.25 million. The 76,929 sq.ft. project is anchored by Winn-Dixie. The company has entered into a contract to acquire Governor’s Square in Montgomery, AL for $8.2 million. The 183,339 sq.ft. project is anchored by Big Lots. The company has entered into an agreement to acquire Gateway Mall in Bismark, ND for $10.5 million. The 333,231 sq.ft. project is anchored by Sears, Osco Drug, Menards and Jo Ann Fabrics. The company has entered into an agreement to acquire Marion City Square Shopping Center in Marion, NC for $5.1 million. The 163,970 sq.ft. project is anchored by Bi-Lo, Rose’s and Dollar General. The company has also entered into a contract to acquire Plaza West Shopping Center in Raleigh, NC for $3.7 million. The 62,560 sq.ft. project is anchored by Harris Teeter and Revco.

For more information, contact Stuart Boesky at (212-588-1765).

Trout, Segall & Doyle LLC brokered the sale of a 22 acre parcel of land in Baltimore County, MD to Circuit City for a 73,000 sq.ft. CarMax unit. The store is expected to open during Fall.

For more information, contact Mark Segall at (410-435-4000).

Marcus & Millichap has the listing to sell Fountain Square Shopping Center in Snellville, GA. The 98,806 sq.ft. project is comprised of all local tenants. NOI is $333,354 and the asking price is $2.8 million.

For more information, contact Mark Cooley at (770-393-1700), Fax (393-1738).

Rivercrest Realty Association recently acquired Village Shopping Center in East Durham, NC from United Dominion Realty Trust for $6.8 million. The 216,000 sq.ft. project is anchored by Lowes Foods, Heilig Meyers, Maxway, Kerr Drugs and a post office.

For more information, contact Jonathan Gaines at (919-846-4046).

Equity Investment Group recently acquired Tarpon Mall in Tarpon Springs, FL from Sun Centers Associates for $4.43 million. The 186,000 sq.ft. project is anchored by Publix, Eckerd, Scotty’s, Carmike Cinemas and American General. The company also recently acquired Island Plaza in Ft. Myers, FL from McNeil Real Estate Fund XXXIV, L.P. for $2.05 million. The 60,076 sq.ft. project is anchored by a dark Kash N’ Karry. Three vacant outparcels were also included in the deal.

For more information, contact Equity Investment Group at (404-364-2984).

DLC Management Corp. and The Benton Companies recently formed Karcher Partners and acquired Karcher Mall in Nampa, ID from Hudson Advisors for $10.9 million. The two companies plan to undertake a $10 million rehabilitation of the 465,000 sq.ft. project which will include the addition of a 14 to 16 multiplex movie theater, a food court, sit-down restaurants, entertainment uses and additional anchors. The Bon Marche and The Emporium will continue to anchor the mall.

For more information, contact Adam Ifshin at (914-631-3131).

Dick Ruis Investments has the listing to sell a 13,000 sq.ft. freestanding building in El Cajon, CA. The asking price is $1.3 million. The company also has the listing to sell a 6,100 sq.ft. building in El Cajon, CA. The asking price is $625,000.

For more information, contact Dick Ruis at (619-442-0795), Fax (442-7002).

Space Place

Alabama

Montgomery- Montgomery Commons is anchored by a 203,750 sq.ft. Wal*Mart Supercenter. The 300,000 sq.ft. project, which is expected to open during Summer 1999, has 26,000 sq.ft. of small shop space and four outlots available for lease. Demographics include a three-mile population of 59,151 earning $57,209 as the average income. In Prattville- Premiere Place is anchored by a Wal*Mart Supercenter, Belk and Goody’s. The 328,000 sq.ft. project has space in a 104,000 sq.ft. expansion area and one outlot available for lease. Demographics include a trade area population of more than 100,000 earning $41,790 as the average household income.

For details, contact Buddy McClinton of McClinton & Company, Inc. at (334-270-9653).

California

Riverside- University Village is anchored by Cinema Star Luxury Theaters and Starbucks. The 320,000 sq.ft. project has space available for lease in a 125,000 sq.ft. expansion area.

For details, contact Eric Johnston of University Village LLC at (909-788-1400), Fax (788-1941).

Colorado

Denver- Lakeside Mall is anchored by Target, Montgomery Ward and Walgreens. The 589,000 sq.ft. project has spaces from 350 sq.ft. to 27,000 sq.ft. available for lease. Demographics include a three-mile population of 152,000 earning $41,000 as the average income. The site is located near King Soopers and Safeway.

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

Florida

Orlando- International Festival is a 195,000 sq.ft. power center that will feature five big-box retailers. The project, which is expected to open during Summer 1999, has small shop space from 1,000 sq.ft. to 25,000 sq.ft. available for lease. Demographics include a three-mile population of 47,000 earning $63,000 as the average income. The site is located near Belz Outlet Mall and I-Drive Value Center.

For details, contact Pete Harper of Buckley Shuler Properties at (404-361-6000), Fax (361-4831).

Illinois

Joilet- Space is available for lease at a 10,000 sq.ft. strip center to be developed on outlots of a project anchored by Cub Foods, Sam’s Club and Wal*Mart. In Lyons- Spaces of 1,400 sq.ft. and 2,200 sq.ft. are available for lease at Harlem/Pershing Plaza. In Melrose Park- Spaces of 6,000 sq.ft. and 19,280 sq.ft. are available for lease at Melrose Square. In Oak Forest- An 8,000 sq.ft. space is available for lease on an outlot of a freestanding Jewel/Osco store. In Willowbrook- A 1,632 sq.ft. space is available for lease at Woodland Plaza. In Woodstock- Space is available for lease at a proposed shopping center. A 50,000 sq.ft. anchor position and 18,000 sq.ft. of small shop space is available.

For details, contact Robert Swierbut of Hiffman Shaffer Associates, Inc. at (312-458-4400).

Mississippi

Brookhaven- Brookway Village is anchored by Cato. The 48,000 sq.ft. project has a 33,000 sq.ft. former Delchamps Supermarket available for lease. The site is located in front of a freestanding Wal*Mart Supercenter. Demographics include a trade area population of 35,211 earning $32,449 as the average household income. In Columbus- Towne Square is anchored by Jitney Jungle and Goody’s. The 116,000 sq.ft. project has spaces from 1,600 sq.ft. to 19,000 sq.ft. available for lease. Demographics include a trade area population of 74,515 earning $38,654 as the average household income.

For details, contact JP Properties, Inc. at (770-352-0056).

New Jersey

Springfield- Echo Plaza Shopping Center is anchored by Acme, Rite Aid and Outback Steakhouse. The 66,000 sq.ft. project has a 24,000 sq.ft. space available for lease. Demographics include a three-mile population of 99,391 earning $107,384 as the average family income. In Union- Five Points Shopping Center is anchored by Bottleking, Blockbuster, GNC and Motophoto. The 32,000 sq.ft. project has a 1,400 sq.ft. space available for lease. Demographics include a three-mile population of 204,813 earning $55,682 as the average family income.

For details, contact Gary Vialonga of Paragano Associates at (973-376-1010), Fax (376-1037).

New York

Carle Place- Plaza 200 is anchored by Petco, Corning Revere, Marty Shoes and Fabric Bonanza. The 155,000 sq.ft. project has spaces of 2,600 sq.ft. and 3,000 sq.ft. available for lease. The site is located near Roosevelt Field. In Huntington- Treasure Island Plaza is anchored by Treasure Island, Bayshore Furs, Radio Shack and Love My Shoes. The 20,000 sq.ft. project has spaces of 2,930 sq.ft. and 5,150 sq.ft. available for lease. Demographics include a three-mile population of 69,925 earning $105,761 as the average income. Retailers in the area include Filene’s, Bed Bath & Beyond, Toys ‘R Us, Macy’s, Bloomingdale’s, Today’s Man, Barnes & Noble, Tower Records and Walt Whitman Mall.

For details, contact Marvin Hartman (Plaza 200) or Jeff Eisenberg (Treasure Island) of Pliskin Realty & Development at (516-997-0100), Fax (997-7225).

New York- A 3,000 sq.ft. ground floor space, a 1,000 sq.ft. mezzanine space and a full selling basement are available for lease at a building located on East 86th Street, between 2nd and 3rd Avenues. Retailers in the area include Barnes & Noble, Staples, Sony Theaters, Duane Reade, Levi’s, Lenscrafters, Circuit City, Payless Shoes, Pier 1 and Gap.

For details, contact Joanna DiPaolo or J. Chanler of First Atlantic Realty, Inc. at (212-223-1222), Fax (838-2894).

Virginia

Richmond- Anchor space and three outparcels are available for lease at the 240,000 sq.ft. Crossways at Virginia Center, which is expected to open during 1999. The site is located adjacent to Virginia Center Marketplace and across from Virginia Center Commons Mall.

For details, contact Tred Spratley of Sigma National, Inc. At (804-320-6100), Fax (320-6660).