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Retailers Expanding In Virginia
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Retailers Expanding In VirginiaK-VA-T Stores, Inc. trades as Food City at 80 stores and as Super Dollar Store at two locations, in KY, TN and VA. The supermarkets occupy spaces of 35,000 sq.ft. to 42,000 sq.ft. in strip centers and freestanding facilities. Growth opportunities are sought in southeastern KY, eastern TN and southwestern VA. Leases running 20 years are typical. For more information, contact Lou Scuderere, K-VA-T Stores, Inc., 201 Trigg Street, Abington, VA 24210; 540-628-5503, Fax 540-628-1592.
Discount Auto Sound operates four locations in VA. The stores, which sell and install sound systems for automobiles, occupy spaces of 5,000 sq.ft. in freestanding facilities. Growth opportunities are sought in the Chesapeake and Richmond markets of VA. The company will purchase, lease or build to suit on lots of near one acre, and needs to be on a high traffic road near Circuit City or Best Buy. The company also needs auto bays for installation. For more information, contact Les Ore, Discount Auto Sound, 423 South Lynnhaven Road, Virginia Beach, VA 23452; 757-431-1210, Fax 757-431-5793.
Cash Converters operates 610 units nationwide, in Canada and internationally. The stores, which buys used electronic equipment, games, tools and jewelry and offers a warranty upon resale, occupy spaces of 5,000 sq.ft. in freestanding facilities and in-line strips. Growth opportunities are sought between MD and NY and FL to TX. Leases running five years with three five-year options are typical. 590 of the companys stores are located in Canada or internationally. For more information, contact Tim Oldfield, Cash Converters, 3877 Holland Road # 507, Virginia Beach, VA 23452; 757-306-9690, Fax 757-306-9629.
Allied Fashion Inc. trades as Citi Trends at 135 locations in AL, FL, GA, LA, MS, NC, SC, and TN. The stores, selling apparel, shoes and accessories for the entire family, occupy spaces of 8,500 sq.ft. to 12,000 sq.ft. in strip centers and secondary malls. Plans call for 60 openings in the coming 18 months. Expansion will take place in the existing markets plus AR, TN and TX. The company requires a supermarket or discount store anchor. Demographic requirements include a population of 40,000 residing within five miles earning a median household income not in excess of $40,000. Leases running five years with one five-year landlord option are typical, and a vanilla shell is required. For more information, contact Ed Sabatini, Allied Fashion Inc., 102 Fahm Street, Savannah, GA 31401; 912-443-3650, Fax 443-3085, Web site www.alliedfashion.com
Beckys Hallmark Shops trades as Beckys Hallmark Shop and Bassett Christmas Shop at 16 locations in VA. The card and gift shops occupy spaces of 4,000 sq.ft. to 5,000 sq.ft. in freestanding facilities, pad sites, strip and power centers, and 2,800 sq.ft. to 3,500 sq.ft. in malls. Only the Hallmark concept is seeking expansion opportunities. Plans call for four openings in the coming 18 months. Expansion will take place in Washington, D.C. and VA. Leases running 15 years with three five-year options are typical. For more information, contact Francis Norsworthy Jr., Beckys Hallmark Shops, 207 Bypass Road, Williamsburg, VA 23185; 757-220-6772, Fax 757-259-0120.
Fitness Resource Inc. operates 20 units in FL, GA, MD, NC, SC, and VA. The stores, selling fitness equipment, occupy spaces of 2,800 sq.ft. to 4,500 sq.ft. in strip centers and freestanding facilities. Plans call for four to five opening in the coming 12 months. Expansion will take place in the existing markets exclusive of FL. Leases running five years plus a five-year option are typical, and a vanilla shell is required. For more information, contact Randy Renfrow, Fitness Resource Center, 2721 Dorr Avenue, Fairfax, VA 22031; 703-849-8300, Fax 703-206-9096. |