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Home-Related Chains Expand Nationwide
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| Home-Related Chains Expand Nationwide Black Sea Gallery operates 10 locations throughout CA. The home furnishings and accessories shops occupy spaces of 5,000 sq.ft. to 20,000 sq.ft. in upscale freestanding locations, street fronts and strip centers. Growth opportunities are sought throughout central and northern CA during the coming 18 months, with representation by Metropolis Retail, Inc. For more information, contact Jim Bradley, Metropolis Retail, Inc., 2071 Mountain Boulevard, Suite 1, Oakland, CA 94611; 510-339-4545, Fax 510-339-4540; Email: jbradley@metropolisretail.com; Web site: www.metropolisretail.com. Harbor Freight Tools operates 500 locations nationwide. The home improvement stores, offering a variety of power and hand tools, metal and wood working supplies, automotive and outdoor products, occupy spaces of 12,000 sq.ft. to 15,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout the Midstates during the coming 18 months, with representation by Baum Realty. For more information, contact Doug Renner, Baum Realty, 1030
West Chicago Avenue, Suite 300, Chicago, IL 60622; 312-275-3137, Fax
312-666-7970; Email: info@baumrealty.com; Web site: Nationwide Furniture, Inc. trades as Nationwide Mattress and Furniture Warehouse at 43 locations throughout AL, AR, DE, FL, GA, MA, MD, MI, NC, NJ, NY, OH, PA, SC, TN, VA and WI. The home furnishings stores occupy spaces of 7,500 sq.ft. to 15,000 sq.ft. in freestanding locations, malls and power, strip and value centers. Plans call for 10 openings throughout FL, MD, NJ, PA and VA during the coming 18 months. Preferred cotenants include Sav-A-Lot. For more information, contact John Cuff, Nationwide Furniture, Inc., 6420 Atlantic Boulevard, Suite 130, Norcross, GA 30071; 770-820-7407, Fax 770-209-3079; Web site: www.nationwidewarehouse.com. Ace Hardware operates 5,000 locations nationwide and internationally. The home improvement stores, offering hardware, tools, housewares, lawn and garden, electrical and plumbing supplies, occupy spaces of 6,000 sq.ft. to 10,000 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought throughout the five boroughs and in Long Island, NY during the coming 18 months, with representation by Schuckman Realty, Inc. For more information, contact Ari Malul, Schuckman Realty,
Inc., 7600 Jericho Turnpike, Woodbury, NY 11797; 516-496-8888, Fax 516-496-8905;
Email: Basics Plus operates 10 locations throughout NY. The houseware stores occupy spaces of 700 sq.ft. to 1,200 sq.ft. in downtown areas. Plans call for 12 openings next year throughout Manhattan and the surrounding boroughs in NY, with representation by Winick Realty Group. Typical leases run 10 to 15 years. For more information, contact Joseph Isa, Winick Realty
Group, 655 Third Avenue, 8th Floor, New York, NY 10017; 212-792-2647,
Fax 212-792-2660; Email: Hallman Lindsay Paint, Inc. trades as Hallman Lindsay Quality Paint at 25 locations throughout WI. The home improvement stores, offering paint and related accessories, occupy spaces of 3,000 sq.ft. to 10,000 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought throughout the existing market during the coming 18 months. Typical leases run five years with two, five-year options. For more information, contact Tim Mielcarek, Hallman Lindsay Paint, Inc., PO
Box 109, Sun Prairie, WI 53590; 608-834-8844, Fax 608-837-1064; Email: Sansome Pacific Properties, Inc. is looking to acquire single-tenant properties nationwide priced from $2 million to $50 million with Cap rates of 7.5% to 10%. The company will consider long-term leased assets and sale/leaseback opportunities for retail, office and industrial sites. For more information, contact Paul Souza, Sansome Pacific
Properties, Inc., 500 Washington Street, Suite 475, San Francisco, CA 94111;
415-781-2900 Ext. 4705, Fax 415-963-4735; Email: AMC Delancey Group, Inc. sold For more information, contact AMC Delancey Group, Inc., 718
Arch Street, Suite 400N, Philadelphia, PA 19106; 215-627-6500, Fax 215-627-6585;
Email: info@amcdelancey.com; Web site: Fameco Real Estate represented the owner, DLR Properties, LP, in the $46 million sale of Kirkwood Plaza, a 310,000 sq.ft. center located on Kirkwood Highway in Wilmington, DE. Oekos Kirkwood, LLC acquired the center, which is 95% leased and anchored by Kohl’s, Pathmark, A.C. Moore and Petco. For more information, contact Fameco Real Estate, 633 West Germantown Pike, Suite 200, Plymouth Meeting, PA 19462; 610-834-8000, Fax 610-834-1793. Madison Partners is selling a 7,140 sq.ft. center that
sits on a land area of 15,000 sq.ft. at the intersection of Wilshire Boulevard
and Centinela Avenue in Los Angeles, CA. Tenants include Hour Glass and Satnam.
There is a 2,367 sq.ft. vacant space For more information, contact Mitchell Stokes, Madison Partners; 310-442-3395; Email: mstokes@madisonpartners.net. Wulfe & Co. is selling Greenbriar North Shopping Center, an 85,560 sq.ft. center situated on 10.4 acres in Houston, TX, for $8.96 million. The center is 95% leased and occupied by Food World, Cash America, Citi Trends, Family Dollar and Cricket. The company is also selling a 4.49-acre parcel on Westview Drive in Houston for $5.4 million. Area demographics include a population of 109,758 within three miles earning $81,747 as the average household income. For more information, contact Hossein Farshchi or Charlotte
B. Farshchi, Wulfe & Co., Twelve Greenway Plaza, Suite 1500, Houston, TX 77046;
713-621-1700, Fax 713-621-3244; Emails: hfarshchi@wulfe.com and cfarshchi@wulfe.com;
Web site: Evergreen Commercial Real Estate is For more information, contact Douglas Balduini, Evergreen Commercial Real Estate; Email: dougb@evergreencommercial.com; Web site: www.evergreencommercial.com. NAI Long Island represented the seller in the $4.85
million sale of a 6,000 sq.ft. site For more information, contact NAI Long Island, One Expressway
Plaza, Suite 212 |