Issue Number 44
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The Dealmakers Issue Number 44 for the week of December 3, 1999

Fairway Stores Inc. trades as Fairway Mart at six locations in CA. The supermarkets occupy spaces of 25,000 sq.ft. in downtown store fronts and strip centers. Plans call for one opening in the coming 18 months. Expansion will take place in the existing market. Preferred demographics include a population of 10,000 within two miles earning $25,000 as the average income. Leases running 30 years are typical.

For more information, contact Mark Futch, Fairway Stores Inc., 11270 Merritt Street, Suite C, Castroville, CA 95012; 831-633-3306, Fax 633-4910, e-mail maxfoods.@aol.com.

Food Circus Supermarkets Inc. trades as Foodtown and Super Foodtown at 12 locations in NJ. The supermarkets occupy spaces of 20,000 sq.ft. to 72,000 sq.ft. in strip centers. Growth opportunities are sought in the existing market. Leases running 30 to 40 years are typical and the company prefers a vanilla shell.

For more information, contact Joseph Azzolina, Food Circus Supermarkets Inc., 853 Highway 35, Middletown, NJ 07748; 732-671-2220, Fax 671-0814.

Consumer Cooperative Associates does business as Megafoods and Megamarts at 11 locations in WI. The supermarkets occupy spaces of 50,000 sq.ft. to 70,000 sq.ft. in freestanding facilities. Growth opportunities are sought in northern WI and the Midwestern region. Leases running 15 years are typical.

For more information, contact Rick Lambrecht, Consumers Cooperative Associates, 1201 South Hastings Way, Eau Claire, WI 54701; 715-836-8700, Fax 836-8712, home page www.megafoods.com.

Edward’s Food Stores, Inc. trades as Edward’s Food Stores at more than 30 locations in NJ. The supermarkets occupy spaces of 55,000 sq.ft. in freestanding facilities and strip centers. Growth opportunities are sought in the existing market. Leases running 20 years are typical.

For more information, contact Kevin Keenan, Edward’s Food Stores, Inc., 1405 Route 18 North, Old Bridge, NJ 08857; 732-607-0551, Fax 607-5870.

Seaway Food Town Inc. trades as Seaway Food Town at 99 locations in MI and OH. The supermarkets occupy spaces of 38,000 sq.ft. to 55,000 sq.ft. in strip centers. Growth opportunities are sought in the existing markets. Leases running five to fifteen years are typical. The company also trades as The Pharm, a deep discount drug store concept. Growth opportunities are sought for this concept as well.

For more information, contact Clifford Sadfy, Jr., Seaway Food Town Inc., 1020 Ford Street, Maumee, OH 43537; 419-891-4212, Fax 891-4211, e-mail reccs@seawayfoodtown.com, home page www.seawayfoodtown.com.

King Kullen Grocery Co., Inc. trades as King Kullen and Wild By Nature at 47 locations in NY. The upscale supermarkets occupy spaces of 35,000 sq.ft. to 60,000 sq.ft. in freestanding facilities and power centers. Plans call for the opening of four King Kullen units and one Wild By Nature unit in the coming 18 months. Expansion will take place in the existing market. Preferred demographics include a population of 60,000 within three miles earning $60,000 as the average income. Leases running 45 years are typical.

For more information, contact Edward Glackin, King Kullen Grocery Co., Inc., 1194 Prospect Avenue, Westbury, NY 11590-2723; 516-733-7518, Fax 876-2122, home page www.kingkullen.com.

Big Bear Supermarket trades as Big Bear at 71 locations in OH and WV. The supermarkets occupy spaces of 37,000 sq.ft. to 65,000 sq.ft. in strip centers. Preferred co-tenants include department stores and movie theaters. Plans call for five openings in the coming 18 months. Expansion will take place in OH. Preferred demographics include a population of 20,000 within five miles earning $30,000 as the average income. Leases running 20 years are typical and the company prefers a vanilla shell with some improvements.

For more information, contact Jeff Dortmund, Big Bear Supermarket, 770 West Goodale Boulevard, Columbus, OH 43212-3859; 614-462-6805, Fax 462-6800.

Village Supermarket, Inc. does business as ShopRite at 22 locations in NJ and PA. The supermarkets occupy spaces of 60,000 sq.ft. in strip centers. growth opportunities are sought in NJ. Preferred demographics include a population of 60,000 within five miles earning $50,000 as the average income. Leases running 20 years are typical.

For more information, contact Williams Sumas, Village Supermarket, Inc., 733 Mountain Avenue, Springfield, NJ 07081; 973-467-2200, Fax 467-6582.

Quillin’s Inc. trades as Quillin’s IGA Stores at nine locations in IA, MN and WI. The supermarkets occupy spaces of 30,000 sq.ft. to 40,000 sq.ft. in freestanding facilities and strip centers. Plans call for at least one opening in the coming 18 months. Expansion will take place within the existing markets. Leases running 10 to 20 years are typical.

For more information, contact Phil Quillin, Quillin’s Inc., 1515 West Avenue South, La Crosse, WI 54601; 608-785-1424, Fax 785-7175, e-mail quillins@aol.com.

Silver Diner, Inc. (301-770-4187) is currently developing its 12th restaurant in Virginia Beach, VA. The unit is expected to open during late Spring 2000. It will be the company’s first restaurant in the South Atlantic market and will also represent the company’s first freestanding unit to incorporate the new prototype. In addition, the company has developed an in-line mall prototype concept and plans to open its first unit at Lake Forest Mall in Gaithersburg, MD during Summer 2000. A 14th restaurant is being planned for VA and will be freestanding and open during Fall 2000.

Academy Sports & Outdoors (281-579-1555) recently opened a 52,000 sq.ft. store at Crossroads Shopping Center in Gulfport, MS. The store is the company’s 49th unit in seven Southern states and the chain’s first in MS. Last year, Academy had $499 million in sales and has been ranked as the third largest sporting goods store in the nation behind The Sports Authority and Gart Sports. Academy plans to open as many as eight stores annually. Despite being a sporting goods retailer, the company considers its chief competitor to be Wal*Mart.

Iguana Ameramex (510-834-5848) plans to open a 27,000 sq.ft. store at Grapevine Mills during mid 2000. It will be the company’s seventh store nationwide. Founded in 1994, the company specializes in rustic and casual furniture, pottery, folk art, ceramics, glass and other home accessories. Its products come primarily from cities in six central Mexican states. The company is planning to open a store at Arundel Mills in MD during Fall 2000.

Corners (617-737-1955), which has more than doubled its picture framing store count from 16 last year to 41 this year, plans to open 400 stores in the coming five years with 75 units planned for the metro New York area.

Bertucci’s Brick Oven Pizzeria (617-247-6161) is looking to open restaurants in Ridegwood and Wayne, NJ. The company plans to scout northern NJ for locations next year and open as many as six units. Currently, the company operates 85 restaurants in the Northeastern and Mid-Atlantic regions.

Great Clips (612-893-9088) plans to open 10 hair salons in Burlington and Mercer counties in NJ in the coming two years. The company is also planning to open salons in the New York metro area and eventually plans to open units in New York City.

Best Buy Co., Inc. (612-995-7049) plans to open 23 stores during its fiscal third quarter, including the new markets of San Diego, CA; Jacksonville and Tallahassee, FL; Richmond and Norfolk, VA; Rochester and Albany, NY and Providence, RI. During fiscal 2000, the company plans to enter the metropolitan New York area with 12 stores. www.bestbuy.com

Reeds Jewelers, Inc. (910-350-3116) plans to open its second store in the Atlanta, GA market as part of its plan to open five stores this year. The company currently operates 107 stores located primarily in enclosed regional malls in 15 states.

Blockbuster Inc. (214-854-3994) plans to open 225 stores before the end of the year and currently operates 6,860 stores worldwide. www.blockbuster.com

Weis Markets Inc. (717-286-4571) recently opened a 53,088 sq.ft. supermarket in Flanders, NJ and is planning to open stores in Honesdale and Allentown, PA before the end of the year. In addition, the company is currently building five superstores, three new and two replacement units, that are expected to open during early 2000. The company currently operates 162 stores in MD, NJ, NY, PA, VA and WV.

Darden Restaurants, Inc. (407-245-4000) is developing Bahama Breeze restaurants in Louisville, KY; Birmingham, AL; Atlanta, GA; Austin, TX, Miami, FL and Phoenix, AZ. All of the units are expected to open during 2000.

Regal Cinemas (423-922-1123) plans to open a 39,272 sq.ft., 10-screen movie theater in Sturbridge, MA.

Family Dollar Stores (704-847-6961), which operates more than 3,340 stores in 39 states, plans to open as many as 425 stores during its upcoming fiscal year. www.familydollar.com

Buffalo Wild Wings Grill and Bar (612-593-9943) recently opened a restaurant in downtown Chattanooga, TN. Currently, the company operates and franchises 100 restaurants and plans to open six more units before the end of the year. The company’s overall plan is to open at least 40 stores annually and has a goal of 300 units by 2003. The average store occupies approximately 6,000 sq.ft. and seats 250. The restaurant’s signature menu item is its New York-style chicken wings, served in one of 12 sauces. A variety of salads, sandwiches, burgers, Tex Mex and finger foods round out the menu.

Bed Bath & Beyond (908-688-0888) has opened 26 stores since the beginning of its current fiscal year and currently operates 212 stores in 36 states. The company plans to open at least 24 additional stores in both new and existing markets during the remainder of its current fiscal year which ends February 2000, and expected to be operating at least 236 stores in 39 states by year end. States to be entered for the first time include IA, LA and RI. www.bedbath.com

Super Fresh (201-573-9700) plans to open a 61,400 sq.ft. supermarket at San Souci Plaza in Lexington Park, MD during Spring 2000.

Wawa Inc. (610-358-8000) plans to begin construction on its first Richmond, VA convenience store during Spring 2000. The company plans to open two additional stores in the market next year as well. The company began its southern expansion into VA last year with a store in Fredericksburg.

Max & Erma’s (614-431-5800) plans to open its first restaurant in the Richmond, VA market during Summer 2000. The unit will also be the chain’s first franchised location. The local franchisee expects to open as many as four units in the coming five years. The company’s current 51 restaurants are company owned.

OfficeMax, Inc. (216-921-6900) plans to open as many as 75 stores next year. Included in that total are 15 locations in single-store markets where there is currently no competition and where the company believes the business demographics will not support multiple office products superstores.

Barnes & Noble (212-633-3300) plans to open a 28,500 sq.ft. store on Richmond Avenue in Staten Island, NY during late Fall 2000. www.bn.com

Ikea (610-878-2220) plans to open a 250,000 sq.ft. store at Assembly Square Mall in Somerville, MA.

Ames Department Stores (860-257-2000) plans to open a 71,550 sq.ft. store at a former Caldor location at Bristol Commerce Park in Bristol, PA during March 2000. In addition, the company plans to open stores at Boulevard Plaza in Philadelphia, PA; Lehigh Shopping Center in Bethlehem, PA; Neptune Plaza in Neptune, NJ; Country Club Plaza in Worcester, MA and in Nashua, NH during March 2000.

Payless ShoeSource, Inc. (785-233-5171) plans to open 10 Parade of Shoes stores before the end of its fiscal year, and 50 stores during fiscal 2000. During its third fiscal quarter, the company opened five new Parade of Shoes stores. The company is also continuing its expansion in Canada and during the third quarter opened 25 stores to bring its store count in Canada to 165. The company believes that Canada has a 250 to 300 store opportunity. www.payless.com

New World Coffee-Manhattan Bagel Inc. (732-544-0155) announces the opening of a franchised 1,988 sq.ft. New World Coffee cafe at Jamestown Place Shopping Center in Altamonte Springs, FL. It is the company’s first FL location. The franchisee, Co Co Cafe Inc., plans to open as many as six additional units in the central FL market. www.nwcb.com

Krause’s Furniture, Inc. (714-990-3100) recently opened a 10,000 sq.ft. Krause’s Custom Crafted Furniture store in Santa Clarita, CA across from Valencia Town Center Mall; an 11,000 sq.ft. store at Best Plaza Shopping Center in Cerritos, CA; a 15,000 sq.ft. store at Best on the Boulevard Shopping Center in Las Vegas, NV; a 14,000 sq.ft. store at Groves Shopping Center in Tempe, AZ; a 10,000 sq.ft. store in Dallas, TX; a 10,000 sq.ft. store at Willowbrook Plaza in Houston, TX; a 12,500 sq.ft. store at Park Meadows Town Center in Littleton, CO and a 9,800 sq.ft. store in Crystal Lake, IL. The company is planning to open a 10,000 sq.ft. store in Arcadia, CA; a 10,000 sq.ft. store at Park in the Valley Shopping Center in San Diego, CA; a 10,000 sq.ft. store in Temecula, CA; a 13,300 sq.ft. store in Beavertown, OR; a 10,000 sq.ft. store at The Gateway at Southlake Shopping Center in Southlake, TX; a 9,000 sq.ft. store in Arlington Heights, IL; an 11,300 sq.ft. store in Buckhead, GA and a 10,600 sq.ft. store at Mill Creek Station Shopping Center in Buford, GA. In addition, the company plans to open an 11,755 sq.ft. Castro Custom Furniture and Convertibles store in Yonkers, NY and a 9,175 sq.ft. store in Fairfield, NJ. All of the stores are expected to open before the second quarter of 2000, with many planned to be open before the end of this year. www.krausefurniture.com

Staples Inc. (508-370-8500) plans to open a 23,928 sq.ft. store adjacent to a Lowe’s Home Improvement Center in Tulsa, OK during February 2000.

FHK Companies plans to break ground during Spring on a 45,700 sq.ft. shopping center located at the intersection of Highways 4 and 49 in Angels Camps, CA. The project will be anchored by a Longs Drug store and include space for as many as 10 specialty retail stores and a fast food restaurant. The project is expected to open before Christmas. The company is seeking two access points off the highways. If the plans are approved, the company has plans to expand the center to as much as 250,000 sq.ft.

For more information, contact Fred Katz at (916-485-3444).

Jacoby Development, Inc. recently had its proposed multi-use project in Macon, GA denied by the city council because of traffic concerns. The 140-acre plan located on Zebulon Road between Lamar and North Peake roads, was to have been anchored by Wal*Mart, an electronics store and a home furnishings store. Also included in the plan was an office building and a 250-unit apartment complex. The plan has rejected because opponents claimed the development would generate more traffic on Zebulon Road than it could handle.

For more information, contact Jacoby Development at (770-399-9930).

Lennar Partners plans to expand Costco/Eagle Shopping Center in Chino Hills, CA by 260,000 sq.ft. and rename it Crossroads Marketplace. The project, located on Peyton Drive, near Freeways 60 and 71, is currently anchored by Costco Wholesale and Eagle Hardware. Plans call for the addition of a 42,000 sq.ft. Sports Chalet and a 15,000 sq.ft. Sav-on drug store in April 2000. An additional 25,000 sq.ft. of specialty store space will also be developed in the phase II expansion. A 180,000 sq.ft. phase III expansion will be developed soon after phase II is opened and will be anchored by a 30,000 sq.ft. Bed Bath and Beyond store. The company is currently negotiating with four other unidentified major soft-goods retailers to lease space at the center.

For more information, contact Lang Cottrell at (305-559-4000).

Starwood Ceruzzi Naugatuck LLC, an affiliate of Starwood Ceruzzi LLC, recently acquired a 43 acre site in Waterbury, CT that formerly held Naugatuck Valley Mall for $12.7 million from General Growth Properties. Starwood Ceruzzi plans to develop a 400,000 sq.ft. shopping center on the site and is currently negotiating with several national retailers, some of which will be new to the market. No tenants have been announced. The 575,000 sq.ft. Naugatuck Valley Mall was formerly anchored by Filene’s and Sears. It closed during May 1998 and was razed earlier this year.

For more information, contact John Knofla at (203-227-1400).

La Verne Retail Partners plans to develop Gateway Pointe in La Verne, CA. The 70,000 sq.ft. project, located at the future extension of the 210/30 Freeway and Foothill Boulevard, will be anchored by a 40,000 sq.ft. LA Fitness center and an 1,800 sq.ft. Starbucks with a drive-thru. In addition, approximately 15,000 sq.ft. of specialty shop space will also be developed. A mid-2000 opening is planned.

For more information, contact Brad Umansky of Lee & Associates at (909-989-7771) or Brian McDonald of CB Richard Ellis at (909-418-2020).

Ravenel Development Corporation is developing Laurel Bay Crossing in Beaufort, SC. The 7.05 acre site, located at the intersection of Highway 116 and Shanklin Road, will be anchored by a 38,000 sq.ft. Food Lion supermarket, the first major grocery store to locate in this area. Space for an additional 10,000 sq.ft. of specialty shops will also be developed. A Spring 2000 opening is planned.

For more information, contact Chris Ravenel at (843-723-6605), Fax (723-6635).

Rockwood Realty Associates, L.L.C. (212-286-5800) announces that Eric Bylin, a vice president previously based in the firm’s New York City office, has relocated to the FL office to be responsible for disposition of real estate assets, new business development and transaction execution. The company also announces that Leigh Anne Johnson, formerly financial analyst for Whitcomb Associates has joined the company to oversee and execute the financial aspects of transactions.

Landau & Heyman (312-372-3133) announces the promotion of Michael Lesiuk from leasing representative to vice president-director of leasing. Lesiuk joined the company in 1996 and has been instrumental in introducing national and regional retailers to the company’s middle market regional malls in IL, IN and TX. He is involved with all aspects of shopping center leasing, merchandising and redevelopment, and has played a key role in the company’s leasing more than three million sq.ft. of portfolio space.

The Abbey Company (714-740-8800) announces the appointment of Christopher Reilly as director of acquisitions for its newly established Northern California Region and the appointment of Steven Hamilton as director of acquisitions for the San Diego, CA region. Reilly is a 15-year industry veteran and prior to joining The Abbey Company worked for CB Richard Ellis. In his new position, Reilly will focus on the San Francisco Bay area and areas to the south. Hamilton, in his new position, will be pursuing opportunities to add to the three retail properties the company currently owns in the San Diego market.

Hiffman Shaffer Associates, Inc. (312-332-3555) announces that John Bell has been promoted to senior vice president and managing director of retail brokerage services. Bell has been with HSA since April 1998, where he served as senior vice president and director of project leasing.

Robinson Sigma Commercial Real Estate (757-490-3300) leased 3,000 sq.ft. to Popeyes Chicken at Hampton Boulevard Plaza in Norfolk, VA.

The Cafaro Company (330-747-2661) leased 5,570 sq.ft. to Finish Line at Kennedy Mall in Dubuque, IA; 1,281 sq.ft. to Journey’s and 1,922 sq.ft. to Mr. Rags at Millcreek Mall in Erie, PA; 846 sq.ft. to Gold World at Spotsylvania Mall in Fredericksburg, VA and 3,600 sq.ft. to Rent Way at Maplecrest Plaza in Kokomo, IN.

The Sembler Company (813-384-6000) leased 975 sq.ft. to Hair Cuttery at Publix at Bayside Lakes in Palm Bay, FL; 1,065 sq.ft. to Ace America’s Cash Express and 1,200 sq.ft. to Pak Mail at Carrollwood Square in Tampa, FL; 3,400 sq.ft. to Wendy’s at Manati Plaza in Manati, PR; 1,995 sq.ft. to Pearle Vision Center at Midtown Plaza in Atlanta, GA; 1,400 sq.ft. to Sally Beauty Supply at Publix at Powder Springs in Powder Springs, GA; 13,248 sq.ft. to Gatsby and 1,058 sq.ft. to Quizno’s at University Plaza in Mayaguez, PR and 8,320 sq.ft. to Beall’s Outlet Store at Village Marketplace in Port Charlotte, FL.

Flocke & Avoyer (619-280-2600) leased 1,360 sq.ft. to Blockbuster Video in San Diego, CA and 21,032 sq.ft. to 99 Cent Only Stores in Escondido, CA.

Divaris Real Estate, Inc. (757-497-2113) leased 27,886 sq.ft. to Mars, The Musician’s Planet at Har Mar Mall in Roseville, MN.

MBK Northwest (949-789-8300) leased 45,000 sq.ft. to Best Buy at Parkway SuperCenter in Tukwila, WA.

dba J. Chuckles, Strawberry, Bolton’s, Pay-Half, Arcade America

Aaron Stauber

1000 Huyler Street

Teterboro, NJ 07608

201-393-0600, Fax 727-0327

e-mail: aarsta@aestores.com

The 75-unit chain operates locations in IL, NJ, NY and PA. The stores, selling men’s, women’s and children’s apparel, occupy spaces of 4,000 sq.ft. to 25,000 sq.ft. in downtown store fronts, power and strip centers. Preferred co-tenants include Lord & Taylor and T.J. Maxx. Plans call for 10 openings in the coming 18 months. Expansion will take place in the existing markets. Leases running 15 to 20 years are typical.

dba Dress Barn, Dress Barn Woman

Elise Jaffe, Richard Sosnovy

30 Dunnigan Drive

Suffern, NY 10901

914-369-4500, Fax 369-4750

The 700+-unit chain operates locations nationwide. The women’s apparel stores occupy spaces of 8,000 sq.ft. to 10,000 sq.ft. in downtown strip centers, outlet, power and strip centers. Preferred co-tenants include book stores, drug stores, linen stores and supermarkets. Plans call for 75 openings in the coming 18 months. Expansion will take place nationwide. Preferred demographics include a population of 100,000 within three miles earning $40,000 as the median income. Leases running five years are typical.

Robert Vogel

409 Gollsby Boulevard

Deerfield Beach, FL 33442

954-426-3311, Fax 426-3602

The eight-unit chain operates locations in FL. The apparel stores occupy spaces of 2,000 sq.ft. to 4,000 sq.ft. in regional malls, outlet, specialty and strip centers. Preferred co-tenants include movie theaters and restaurants. Plans call for as many as four openings in the coming 18 months. Expansion will take place in the existing market. Leases running seven years are typical.

dba Express Mart

Jim Hockey

6567 Kinne Road

Dewitt, NY 13214

315-556-0125, Fax 446-1355

The 62-unit chain operates locations in CT, MA, NY and PA. The convenience stores occupy spaces of 850 sq.ft. to 5,000 sq.ft. in freestanding facilities. Plans call for 15 openings in the coming 18 months. Expansion will take place in PA. Preferred demographics include a population of 5,000 within five miles earning $30,000 as the average income. Leases running 10 years are typical and the company is franchising.

dba A&H Drug Stores

Rich Hendrickson

1420 Maple Avenue SW, Suite 201

Renton, WA 98055

425-255-7083, Fax 255-7143

The six-unit chain operates locations in WA. The drug stores occupy spaces of at least 2,000 sq.ft. in downtown store fronts, freestanding facilities and strip centers. Growth opportunities are sought in the existing market.

Neil Haltrecht

120 North Robertson Boulevard

Los Angeles, CA 90048

310-657-8420, Fax 652-8538

The 350-unit chain operates locations in CA and HI. The movie theaters occupy spaces of at least 50,000 sq.ft. in downtown store fronts, freestanding facilities, power, specialty and strip centers. Plans call for 10 openings in the coming 18 months. Expansion will take place in the existing markets. Preferred demographics include a population of 350,000 within five miles. Leases running 10 to 15 years are typical.

dba Check ‘N Go

Rob Byrne, Steve Hoza

4824 Socialville Fosters Road

Mason, OH 45040

513-336-7735, Fax 573-4682

The 600+-unit chain operates locations in CA, CO, FL, ID, IL, IN, MS, MO, NV, NM, NC, OH, OR, SC, TN, UT, WI and WY. The stores, offering financial services, occupy spaces of 800 sq.ft. to 1,500 sq.ft. in power and strip centers. Preferred anchors include Wal*Mart. Plans call for 500 openings in the coming 18 months. Expansion will take place in AR, GA, PA and TX. Preferred demographics include a population of 35,000 within three miles earning $30,000 as the average income. Leases running three years are typical.

dba Farmer Boys Restaurants

Joe Mineo

3435 14th Street Suite 102

Riverside, CA 92501

909-275-9900, Fax 275-9930

The 12-unit chain operates locations in Southern CA. The fast food restaurants occupy spaces of 2,800 sq.ft. in freestanding facilities on land areas of 30,000 sq.ft. to 40,000 sq.ft. Growth opportunities are sought in the existing market. Five units are currently under construction. Leases running 20 years are typical. The company will also purchase sites.

dba Charlie Browns, The Office

Franklin Glasgall

19 West 44th Street, Suite 1615

New York, NY 10036

212-719-9699, Fax 944-1179

The 37-unit chain operates locations in NJ and NY. The restaurants occupy spaces of 5,000 sq.ft. in freestanding facilities. Plans call for five openings in the coming 18 months. Expansion will take place in eastern PA. Preferred demographics include a population of 150,000 within five miles earning $50,000 as the average income.

dba Xando Coffee & Bar/Cosi Sandwich

Craig Hantgan

860 Canal Street

Stamford, CT 06902

203-969-2269, Fax 323-7776

The 40-unit chain operates locations in the Eastern region. The concept, serving coffee by day and cocktails by night together with Cosi sandwiches, occupy spaces of 2,500 sq.ft. to 4,500 sq.ft. in downtown store fronts, freestanding facilities, regional malls and specialty centers. Plans call for 20 openings in the coming 18 months. Expansion will take place along the East Coast and in Chicago, IL. A liquor license is required.

dba Ocean State Job Lot, East Coast Marketplace

John Conforti

360 Callahan Road

North Kingstown, RI 02852

401-884-0556, Fax 885-0359

The 48-unit chain operates locations in CT, MA and RI. The general merchandise stores occupy spaces of 25,000 sq.ft. in freestanding facilities and strip centers. Plans call for six openings in the coming 18 months. Expansion will take place in CT, MA, NH, NY, RI and VT.

dba Vitamin World

Pat Solt

4320 Veterans Highway

Holbrook, NY 11741

516-244-2125, Fax 244-2127

The 360-unit chain operates locations nationwide. The stores, selling vitamins and health food supplements, occupy spaces of 1,000 sq.ft. to 1,500 sq.ft. in outlet centers and regional malls. 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.

dba The Vitamin Shoppe

Corey Bialow

4700 Westside Avenue

North Bergen, NJ 07047

201-866-7711, Fax 866-1795

e-mail: cbialow@vitaminshoppe.com

home page: www.vitaminshoppe.com

The 77-unit chain operates locations in CT, DE, MD, MA NJ, NY, PA and VA. The stores, selling vitamins, minerals and nutritional supplements, occupy spaces of 3,000 sq.ft. to 5,000 sq.ft. in freestanding facilities. Plans call for 60 openings in the coming 18 months. Expansion will take place in the existing markets as well as in FL, GA, MA, NH and Washington, D.C. Preferred demographics include a population of 200,000 within five miles earning $50,000 as the average income. Leases running 10 years, with options, are typical.

dba Carolina Bedrooms

James Floyd

5005 Smith Farm Road

Matthews, NC 28105-8134

704-821-2800, Fax 821-3544

The five-unit chain operates locations in GA, NC and SC. The furniture stores occupy spaces of 16,000 sq.ft. in freestanding facilities and strip centers. Growth opportunities are sought in NC and SC. Preferred demographics include a population of 250,000 within 10 miles earning $35,000 as the average income. Leases running five years, with options, are typical.

dba Naked Furniture

Bruce Mac Gowan, Thomas Erlandson

PO Box F

Clark Summit, PA 18411

570-587-7800, Fax 586-8587

The 37-unit chain operates locations East of the Mississippi River and LA. The stores, selling ready to finish furniture and custom furniture, occupy spaces of 6,000 sq.ft. to 8,000 sq.ft. in freestanding facilities and strip centers. Plans call for six openings in the coming 18 months. Expansion will take place nationwide. Leases running five years, with two options of five years each, are typical and the company is franchising.

Gary Stine

1509 Huntington Street

Sulphur, LA 70663

318-527-0121, Fax 527-2712

The nine-unit chain operates locations in LA. The home improvement stores occupy spaces of 30,000 sq.ft. in freestanding facilities. Plans call for as many as four openings in the coming 18 months. Expansion will take place in the Southern region.

dba Choo Choo Build-It Mart

B.R. Snooks

PO Box 1659

Vidalia, GA 30474

912-537-8964, Fax 537-4839

The eight-unit chain operates locations in GA. The home improvement stores occupy spaces of 5,000 sq.ft. to 25,000 sq.ft. in freestanding facilities. Plans call for one opening in the coming 18 months. Expansion will take place in the existing market. Leases running 15 years, with two options of five years each, are typical.

dba Mikasa Factory Store

Stuart Oseroff

1 Mikasa Drive

Secaucus, NJ 07096

201-867-9210, Fax 867-5240

The 163-unit chain operates locations nationwide. The stores, selling dinnerware, flatware, crystal, linens and gifts, occupy spaces of 6,000 sq.ft. to 18,000 sq.ft. in regional malls, power and strip centers. Growth opportunities are sought throughout North America and in Puerto Rico. Preferred demographics include a population of 250,000 within five miles earning $45,000 as the average income. Leases running 10 years are typical.

dba Chernin’s Shoe Outlet

Steve Larrick

1001 South Clinton Street

Chicago, IL 60607

312-922-5900, Fax 922-3673

The six-unit chain operates locations in IL and IN. The shoe stores occupy spaces of 10,000 sq.ft. in freestanding facilities, outlet and strip centers. Plans call for two openings in the coming 18 months. Expansion will take place in the existing markets.

dba Red Wing Shoe

John Key

314 Main Street

Red Wing, MN 55066

651-388-8211, Fax 388-1760

The 440-unit chain operates locations nationwide. The stores, selling shoes for hunting, work and sport, occupy spaces of 1,000 sq.ft. to 1,500 sq.ft. in strip centers. Growth opportunities are sought nationwide. Leases running three years, with a three-year option or five years, with a five-year option, are typical.

dba The Sports Shoe

Tammy Mobley

1770 Corporate Drive

Norcross, GA 30093

770-279-7494, Fax 279-7180

The 24-unit chain operates locations in AL, FL, GA and NC. The athletic footwear and apparel stores occupy spaces of 6,000 sq.ft. to 20,000 sq.ft. in power and strip centers. Plans call for 12 openings in the coming 18 months. Expansion will take place in the Southeastern region. Leases running five to ten years are typical and the company is franchising.

dba Batteries Plus

Dennis Srenaski

925 Walnut Ridge Drive, Suite 100

Hartland, WI 53029

262-369-0690, Fax 369-0680

e-mail: batplus@batteriesplus.com

home page: www.batteriesplus.com

The 144-unit chain operates locations nationwide. The stores, selling batteries for everything from automobiles to hearing aids, occupy spaces of 2,000 sq.ft. in freestanding facilities and multi-use facilities. Growth opportunities are sought 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 is franchising.

Scott Dweck

98 Brick Plant Road

South River, NJ 08882

732-257-4344, Fax 257-3552

The 34-unit chain operates locations in MD, NJ, NY, PA and Washington, D.C. The stores, selling hard goods, household items, hardware and apparel, occupy spaces of 4,000 sq.ft. to 8,000 sq.ft. in downtown store fronts, regional malls and strip centers. Preferred co-tenants include Payless, T.J. Maxx and supermarkets. Plans call for 12 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 $35,000 as the average income. Leases running two years are typical.

Syndicated Equities Corporation recently acquired, for its investment interests, net-leased property totaling 276,400 sq.ft. The properties are located in AZ, CO, FL, GA, IL, KS, MA, MI, MI, OH, TX and WI. Tenants include Walgreens, CVS Drugstore, Eckerd, OfficeMax, Metz Baking and Hollywood Video. The firm is seeking to acquire up to $100 million in net-leased property in order to complete 1031 Exchanges. The company has the listing to sell a 15,100 sq.ft. Walgreens Drug store in Shawnee, KS. The asking price is $4.68 million. The company has the listing to sell a Rite Aid Drug Store in Youngstown, OH. The asking price is $2.45 million and a $1.677 million loan is in place. The company brokered the sale of a 16,000 sq.ft. Hollywood Video store in Chicago, IL. The property was purchased for $1.52 million by a Chicago investor to complete a 1031 Exchange. The company brokered the sale of an 11,923 sq.ft. Eckerd Drugstore in New Port Richey, FL. The property was acquired for $2.571 million by a family trust to complete a 1031 exchange. The company brokered the sale of a 13,905 sq.ft. Walgreens Drug store in Phoenix, AZ. The property was acquired for $3.329 million by a Chicago investor to complete a 1031 Exchange. The company brokered the sale of a 25,780 sq.ft. Metz Baking Store in Kansas City, KS. The property was acquired for $2.026 million by a Kansas City investor to complete a 1031 Exchange. The company also brokered the sale of a 10,908 sq.ft. Eckerd Drugstore in Daytona, FL. The property was acquired for $2.756 million by a CA family trust to complete a 1031 Exchange.

For more information, contact Richard Kaplan at (312-640-9020).

Ryan Companies US, Inc. recently sold nine shopping centers located in the Minneapolis, MN and Chicago, IL area, consisting of more than one million sq.ft. of space, to Inland Real Estate Corporation for $120 million. The portfolio is 95% occupied.

For more information, contact Ellen Breyer at (612-340-9675), Fax (337-5552).

Redstone Commercial Group represents a client in the market to acquire NNN property in the Northeastern region. The client needs to cover a $3 million sale and is seeking to acquire property(s) valued between $3 million and $8 million.

For more information, contact Bill Sheedy at (802-658-7400), e-mail (billsheedy@ibm.net).

Select Properties, Inc. has the listing to sell a Publix Supermarket in Tampa, FL. The 48,968 sq.ft. project has an asking price of $7.717 million.

For more information, contact Calvin Kemp at (727-934-4099).

PK Partners, LLC represents a client in the market to acquire NNN properties in the Memphis, TN area. Preferred properties should be priced between $1 million and $4 million.

For more information, contact Keith Fried at (317-817-8888), Fax (817-8884), e-mail (keithF@pkpartners.org).

Klaff Realty LP recently sold two former Montgomery Ward properties it had previously acquired in two separate transactions. The properties, totaling 195,000 sq.ft., were sold for a total of $8.6 million. The first property comprises a vacant 110,000 sq.ft. facility that is part of Valley View Mall in Roanoke, VA. The site was sold to Faison, owner of the mall, for $5.25 million. Klaff originally acquired the facility at a bankruptcy auction during Spring 1999. The second property comprises an 88,000 sq.ft. facility attached to College Hills Mall in Normal, IL. Klaff originally acquired the property at a bankruptcy auction in 1998. That same year, Klaff leased 94% of the space to Hobby Lobby. The facility was sold to a private investor for $3.35 million. Klaff is continuing to redevelop and reposition the nine remaining properties of the former Montgomery Wards retail sites it acquired in two separate transactions in 1998 and 1999. In partnership with Lubert-Adler Real Estate Opportunity Fund, Klaff purchased 49 retail stores in March 1998. In May 1999, Klaff purchased a second portfolio of 22 stores.

For more information, contact Klaff Realty at (312-360-1234).

Johnson Financial Group, Inc. represents investors in the market to acquire power centers, regional malls and portfolios of shopping centers nationwide. The investors have $50 million to $500 million to invest through the first quarter of 2000. In October the company closed on a $40 million power center in PA and an $8 million Winn-Dixie anchored strip center in FL.

For more information, contact Harold Johnson at (941-751-1877), Fax (751-3951).

Grubb & Ellis has the listing to sell Tri-City Plaza in Gary, IN. The 165,914 sq.ft. project is anchored by Walgreens and Payless Shoes. The project is currently undergoing a renovation and is looking for a grocery store to lease space at the center. The company has the listing to sell Harlem Pershing Plaza in Lyons, IL. The 14,015 sq.ft. project is surrounded by a new 70,000 sq.ft. Jewel supermarket and a 27,000 sq.ft. Marshalls store. The company also has the listing to sell Levon Helms Night Club/Restaurant located in the French Quarter of New Orleans, LA. The 18,000 sq.ft. building, 13,500 sq.ft. of which is a finished nightclub/restaurant, has a 24 hour-7 day a week live entertainment and liquor license. The turn key operation is located 100 yards from House of Blues and located near Hard Rock Cafe, Bubba Gump Shrimp, Tower Records, Virgin Records, Planet Hollywood and Harrah’s Casino.

For more information, contact Rick Scardino, David Klevens or David Florent at (847-390-8040).

Garnett Commercial Real Estate, Inc. has the listing to sell a 10,125 sq.ft. freestanding CVS drug store in Woodstock, GA. The tenant has a 15-year net lease with three five-year options. Rent increases occur every five years. The seller will require the purchaser to assume the existing permanent loan with the following terms: $1.1 million at 8.1% interest for 15 years on a 15-year amortization schedule. The annual debt service is $126,909. Penalty free prepayment cannot occur until April 2002. The company also has the listing to sell a 12,738 sq.ft. freestanding Eckerd Drug store in Port St. John, FL. The tenant has an absolute net lease running 20 years with four five-year options. There are no rent increases. Eckerd is to pay percentage rent equal the amount by which two percent of gross receipts exceed minimum rent.

For more information, contact Jack Garnett at (904-855-8800), Fax (855-0300), e-mail (jlgar@ibm.net).

Baird & Warner Real Estate Finance, LLC (312-855-5402) recently completed the $33.34 million refinancing of the 306,342 sq.ft. Louis Joilet Mall in Joilet, IL, owned by Blackstone Real Estate Advisors, an affiliate of The Blackstone Group L.P. The facility is situated on 75.5 acres and totals 913,850 sq.ft. The loan was placed with Lincoln National Life Insurance Company. The project is anchored by Marshall Fields, Carson Pirie Scott, JC Penney and Sears.

National Standard (516-823-2200) offers long term fixed rate financing for all types of commercial properties, including non-resource loans for larger income producing properties. Loans can range from $250,000 to $100 million. Loan terms range from seven to ten years with amortization schedules 20 to 30 years. Maximum LTV is 75% for refinancing, 80% for purchase or 75% of LTV, whichever is lower for acquisitions.

The Capital Resource Group (630-629-0408) offers loans to borrowers based on the cash flow of a NN or NNN lease and the credit quality of the tenant. The credit tenant has the flexibility to structure a lease to reflect different levels of real estate responsibility without the requirement of a bond lease. Benefits to the borrower are: maximum loan dollar with debt service coverage as low as 1.003x; competitive rates based largely on the credit rating of the tenant; up to 100% of property’s NOI including future rent increases; traditional real estate loan-to-value/cost ratios do not apply; non-recourse and self-liquidating loans. Benefits to credit tenants are: shares in benefits of providing preferred developers reliable, cost-effective financing; provides off-balance sheet financing and can match rents to projected revenues without changing borrower proceeds.

PropertyFirst.com, Inc. (626-537-3471) recently closed on a $44.3 million round of private financing. The Series B financing, which provided the company with a post-money valuation of $120 million, was led by Oak Investment Partners and Amerindo Investment Advisors. They were joined by Sun America Investments, the Wolfson Group and TMCT Ventures, as well as PropertyFirst.com’s initial investor Brentwood Venture Capital. Part of the financing also includes an alliance with the California Public Employees’ Retirement System. Under this agreement, CalPERS will encourage marketing of its properties for lease and for sale via PropertyFirst.com. In addition, the company will have access to the fund’s equity real estate advisors who manage more than $5 billion in investment property. The company will introduce its web-based property leasing application this month and plans to open its first European office during the first half of next year.

Decatur- Beltline Plaza is anchored by Bruno’s Food World, Office Depot, Books-A-Million and T.J. Maxx. The 154,000 sq.ft. project has spaces from 1,200 sq.ft. to 10,500 sq.ft. available for lease.

For details, contact Matt Wilson of Chase Properties Ltd. at (216-464-6626), Fax (464-6346).

Aurora- Hoffman Heights Center is anchored by Ace Hardware, Brunswick Recreation Center and Video Buffs. The 240,000 sq.ft. project has spaces of 672 sq.ft., 1,200 sq.ft. and 4,800 sq.ft. available for lease. Demographics include a three-mile population of 150,000 earning $45,000 as the average income. The site is located near Family Dollar, King Soopers and McFrugals.

For details, contact Rich Ottlinger of AAMS Corp. at (800-544-8585), Fax (847-674-8157).

Fort Wayne- Pine Valley Shopping Center has spaces from 800 sq.ft. to 46,100 sq.ft. available for lease in its redevelopment. Demographics include a three-mile population of 26,500 earning $70,236 as the average household income.

For details, contact Harding Dahm & Company at (219-423-4311), Fax (424-1077), home page (www.hdc.fwi.com).

Kirksville- Kirksville Centre has spaces from 1,500 sq.ft. to 60,000 sq.ft. available for lease. Demographics include a three-mile population of 17,411 earning $35,333 as the average household income. In Nixa- Nixa Centre has spaces of 1,394 sq.ft. and 6,150 sq.ft. available for lease. Demographics include a three-mile population of 15,379 earning $41,660 as the average household income.

For details, contact Scott Barton of Retail Realty Group at (636-519-8100), Fax (519-8166).

Billings- The Marketplace is anchored by Wal*Mart, Lowe’s Home Improvement Warehouse, OfficeMax, Toys ‘R Us, Home Depot and PetsMart. The project has up to 50,000 sq.ft. available for lease. Demographics include a five-mile population of 109,061 earning $45,078 as the average household income.

For details, contact Brian Bern of Commercial Net Lease Realty at (407-650-1179).

Holbrook- Sun Vet Mall is anchored by Toys ‘R Us, Office Depot, The Gap and Pathmark. The 240,000 sq.ft. project has big box and satellite space avaiable for leae.

For details, contact Beth Lamport or Russ Lico of Breslin Realty Development Corp. at (516-741-7400), Fax (741-5621).

Auburn Township- A 3.19 acre parcel of land is available for lease. Demographics include a five-mile population of 20,117 earning $92,303 as the average income. In Madison- A 31 acre parcel of land is available for lease. In Mentor- A 6,400 sq.ft. space is available for lease at Staples Plaza. The space is located between Kmart and Wal*Mart.

For details, contact Neil Sawicki of Alan Daus and Associates at (216-831-3310), Fax (831-9869).