dealmakers magazine | february 20, 2009

Tilly’s operates 99 locations throughout AZ, CA, CO, FL, MD, NJ and NV. The stores, offering apparel, shoes and accessories, occupy spaces of 6,000 sq.ft. to 10,000 sq.ft. in malls and lifestyle, outlet, power and strip centers. Growth opportunities are sought throughout the existing markets during the coming 18 months. Typical leases run 10 years with options. Preferred cotenants include department stores, movie theaters, sporting goods retailers, Old Navy and Target. Preferred demographics include a population of 300,000 within 10 miles earning $70,000 as the average household income. For more information, contact John Burgess, Tilly’s, 10 Whatney, Irvine, CA 92618; 949-609-5587, Fax 949-609-5517; Web site: www.tillys.com.

Color, Inc. trades as Destination at 25 locations nationwide. The stores, offering regionally-themed apparel and gifts, occupy spaces of 500 sq.ft. to 1,500 sq.ft. in specialty and tourist centers. Growth opportunities are sought throughout the existing market during the coming 18 months. Typical leases run five years with one, five-year option. A vanilla shell and specific improvements are required. Major competitors include Crazy Shirts. For more information, contact Al Shameklis, Color, Inc., 490 Boston Post Road, Sudbury, MA 01776; 978-443-1970 Ext. 987, Fax 978-443-1712; Email: [email protected]; Web site: www.thecolorstores.com.

Crazy Shirts operates 40 locations throughout CA, FL, HI, NV and SC and internationally. The apparel shops occupy spaces of 1,500 sq.ft. to 3,000 sq.ft. in specialty, strip and tourist centers. Growth opportunities are sought throughout the existing markets during the coming 18 months, with representation by Townsend & Associates. For more information, contact Michael Rielly, Townsend & Associates, 5757 Wilshire Boulevard, Suite 300, Los Angeles, CA 90036; 310-286-9945, Fax 323-904-6302; Email: [email protected]; Web site: www.crazyshirts.com.

Bon Worth operates 300 locations nationwide, excluding the Western coast. The women’s apparel stores occupy spaces of 1,300 sq.ft. to 1,800 sq.ft. in strip centers and 1,300 sq.ft. to 3,000 sq.ft. in enclosed malls. Growth opportunities are sought throughout the eastern, midwestern and southern regions of the U.S. during the coming 18 months, with representation by Felenstein Was & Associates, Inc. Preferred cotenants include supermarkets. The company will not look for expansion opportunities west of the Rocky Mountains. For more information, contact Darren Was, Felenstein Was & Associates, Inc., 47 East 77th Street, Suite 205, New York, NY 10021; 212-772-9829 Ext. 12, Fax 212-535-9108; Email: [email protected]; Web site: www.fwacgroup.com.

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Volume XXIV No. VII February 20, 2009

For more news go to:www.dealmakers.net

Reporting The Nation’s Weekly News on Retailing & Retail Real Estate

FEaTuRiNg

ThIs Issue coNTaINs INFormaTIoN oN:* Retailers operating 20,813 locations with plans to open 2,088 sites

* Real estate valued in excess of $246.4 million to be bought, sold & financed* Leasing activity on over 14.904 million sq.ft. of retail properties

Apparel Chains Expand Nationwide

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Observations & Conversations

ProfileThe Daniel Group ................

New ConstructionFaison is preleasing centers throughout MD, PA and SC ...

OpeningsThe Salvation Army will open a store in Richmond, VA .............

Buyers & SellersMarcus & Millichap is selling a former Wal*Mart site in Charlotte, NC .......................

Adams-Nelson & Assoc. is selling a development parcel located in Winchster, VA ........

Bankruptcies & ClosingsHome Depot shutters EXPO stores ....................................

Food Retailers ExpandBuffalo’s Southwest Café looks for sites throughout the Southeast ..............................

LeadsheetT-Mobile is slated to open locations throughout Washington, DC ........

Space Place ..........................

Sources of FinancingCFO Capital Partners offers financing for mixed-use centers up to $10 million ......

Lease SigningsMichael Salove Co. negotiated a lease with Qdoba Mexican Grill in Plymouth Meeting, PA

Exclusives & Leasing AssignmentsJBG Rosenfeld represents Crème de la Crème in its expansion throughout MD and VA .................................

Most Valuable Players ..........

ICSC Mid-Atlantic Idea Exchange

Chico’s operates 622 locations nationwide. The stores, offering women’s apparel and accessories, occupy spaces of 4,000 sq.ft. to 5,000 sq.ft. in lifestyle centers and streetfronts. Growth opportunities are sought throughout DE, MD, northern VA and Washington, DC during the coming 18 months, with representation by Madison Retail Group. Expansion during 2009 will be limited. White House|Black Market operates 329 locations nationwide. The women’s apparel stores occupy spaces of 3,500

sq.ft. in freestanding locations, malls, streetfronts and lifestyle, tourist and specialty centers. Growth opportunities are sought throughout DE, MD, VA and Washington, DC during the coming 18 months, with representation by Madison Retail Group. Expansion during 2009 will be limited. For more information, contact Mike Pratt, Madison Retail Group, 2001 Pennsylvania Avenue Northwest, 10th Floor, Washington, DC 20036; 202-730-2006, Fax 202-730-2030; Email: [email protected]; Web sites: www.chicos.com and www.whitehouseblackmarket.com.

dressbarn operates 834 locations nationwide. The stores, offering off-price women’s apparel, including dresses, sportswear, casual wear and accessories, occupy spaces of 8,000 sq.ft. in power centers. Growth opportunities are sought throughout the St. Louis, MO metropolitan area during the coming 18 months, with representation by L3 Corp. For more information, contact Craig Wielansky or Jay Cohen, L3 Corp., 12655 Olive Boulevard, Suite 220, St. Louis, MO 63141; 314-469-7400; Web site: www.l3corp.net.

AppArel ChAins expAnd nAtionwide

www.dealmakers.net The Dealmakers February 20, 2009 page 3

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Ted Kraus1979–2007

(continued from page one)

In Memoriam

Howard A. Wein1947-2009

Jeffery Realty, Inc.Mourn the passing of our beloved Friend and Colleague.

•

He will be deeply missed.

DM

February 20, 2009 The Dealmakers www.dealmakers.net

It’s easy to get caught up in all the negative press, especially when your days are spent negotiating rent reductions or lease assignments along with store closings and bankruptcy filings. I’m getting tired of being bombarded with how bad things are out there, so I went on a quest to find some good news and positive

feedback; it wasn’t easy but fortunately our industry still has a pulse and not all of us have lost our sense of humor in spite of the economic turmoil. One of our readers commented, “Yeah, I’m still making deals, but I’ve had to convince myself that smaller and shorter is better.” After I stopped laughing, he explained that, these days, the tenant’s footprint is smaller and the lease terms are shorter. The consensus is that there are retailers still expanding but, for the most part, chains that are growing in this economic climate cater to a budget-conscious, lower middle- and low-income customer (a growing population base due to the current economy).

Here are a few rays of sunshine that I’ve learned about in the past few weeks. Spartan Stores, a 100-unit chain of grocery and drug stores operating in Michigan and Ohio saw a 3.3% increase in comp sales last quarter and plans to continue opening locations. Roundy’s, a 152-unit chain of supermarkets operating in Wisconsin and Minnesota, is entering the Illinois market with its recent purchase of a six-acre car dealership. It plans to build a 68,000 sq.ft. store on the site. Another grocery store chain that’s in an expansion mode is Aldi, known for its deeply discounted grocery items. I read that Wal-Mart is looking at 12 locations within Chicago, with the idea of developing several sites into Wal-Mart Supercenters. JCPenney is still on track to open 17 locations and Kohl’s expects to open 19 stores this year. McDonald’s and Dunkin’ Dounts are growing. At a site in Manteca, California, permits were requested with CVS, McDonald’s, Valero Gas, and Prime Time Car Wash all recently submitting building plans for new locations. Gottschalks, a 58-unit regional chain of department stores operating in the western states, fell into bankruptcy a few months ago, but last month it posted a 13.3% increase in sales compared to the prior year; the gain is probably too little and too late to save the chain, but it does show that the consumer will come out to buy. (Yes, California is still breathing without the help of a respirator). Sonic Drive-In and UFood Grill are also in a growth mode. Plus, Panera plans to open 80 to 90 restaurants this year. Firestone Complete Auto Care Centers is another concept that’s still opening locations. Farmer Boy’s, a 61-unit chain of hamburger-focused restaurants is exploring the Western states for expansion opportunities beyond its California base. A number of gym concepts, such as Planet Fitness and Retro Fitness, are still expanding. Procter & Gamble Co. formed a subsidiary to handle franchising and national expansion of its Mr. Clean car washes.

Yeah, I know putting a car wash or a tire shop on your pad or filling your vacant anchor position with a fitness center isn’t the most desirable tenant mix, but sometimes you gotta get as much cash flow as quick as possible. I’ve noticed that the quality of tenants calling me for sites has dropped off in the past few months. I’m getting a lot more calls on small shop space that I have for lease from kitchen cabinet manufacturers, beauty schools and start up indoor entertainment

concepts — all of them are looking for cheap rent for short terms and they do little to nothing to enhance the value of the property. But, in some cases, when the mortgage is barely being covered then the goal is to collect as much rent as we can get, by any legal means, so at least the next month’s mortgage gets paid. There are thousands of shopping centers with mortgages that are barely being covered by internal cash flow. If the banks won’t or can’t renegotiate terms, then next year could get even more worrisome. If you have a portfolio heavy with bankrupt tenants like Goody’s, Circuit City, Linens ‘N Things, Fortunoff or Steve & Barry’s, or tenant’s that have announced store closings such as Home Depot, Pier 1 Imports, Super Valu, Office Depot and etc., then it’s time to get creative and most likely you’ll be sitting with the vacancy for the next year while you’re lining up the replacement.

Another heartache hitting the industry are the chains that have requested across-the-board rent reductions. Personally, I think that it’s a desperate reaction or over-the-top greediness when a retailer goes to every landlord for a handout rather than focusing on rent reductions for its least profitable stores. I doubt these chains that are taking the broad brush stroke approach to rent reductions gain as much in the long run as the retailers that come to the landlord with truly problematic locations and intentions of making it work for both parties. It’s a small industry as far as the number of players and being a bully always bites you in the ass. When tenants demand rent reductions just because and they deliver this piece of information with a “FU” attitude; it really chafes. Taking the high road usually pays double over time, but when you’re dealing with a beast sometimes you’ll have to pull the trigger and call their bluff.

I’m running out of space, so to wrap it up, here’s an overview of what the mood was like at the most recent ICSC events. The show in Puerto Rico was excellent since I was repping a tenant, but there is a sizeable influx of big box space available and the vacancy is also rising in small shop space. The mood was good, but it’s pretty hard to get depressed with a perfect climate and the Carribean Sea as the backdrop. Alyson went to the shows in Phoenix, Tampa and New Orleans. She thought all of them were better than we had anticipated, with Phoenix being the most somber of the three. It seems like folks have gotten acclimated to the new “normal.” Tidbits overheard on the show floors included more than one person doing a three-month lease. We also heard that Waldbaum’s Supermarket is being paid by a landlord to not pull out of the center. A senior leasing exec at the Tampa show actually had a little rush in January of pent-up demand from tenants waiting out the end of last year. The Tampa attendees made an active attempt to not be negative, but the cash bar at the cocktail reception didn’t make folks happy. They wanted their two drink tickets back. James Carville was great in New Orleans and so was the state of the industry address. It was realistic but not suicidal. The planning committee members obviously made a conscious decision to try to keep things more upbeat at the show.

I’m out of space for this week and we will hit the road again soon enough. Alyson will be at the Washington, DC; Chicago and Charlotte shows, so be sure to stop by our booth and say hello.

Ann O’Neal, Publisher

observAtions & ConversAtions

It’s a small industry as far as the number of players and being a bully always bites you in the ass.


As the recession took hold during the latter part of 2008, news outlets were quickly inundated with stories of retailers closing stores, halting expansion plans and, in some cases, going out of business completely. Tenants were hemorrhaging money while landlords were facing the prospect of empty spaces and dead centers. A very real state of panic hit the industry as a whole and the aftershocks will be felt for some time.

Rene Daniel has seen it all before. The industry veteran founded The Daniel Group, LLC and has operated the boutique consulting firm from its Baltimore, MD office for 25 years. During that time, he has established the company as a preeminent East Coast boutique leasing and consulting firm. The

company works with developers and landlords in the leasing of new and re-marketed malls and lifestyle, mixed-use and specialty centers and consults a number of property managers, landlords, attorneys and banks.

Daniel founded the company in 1984, having previously served as Senior Vice President of leasing for Monumental Properties. His decades of experience have qualified him as an expert on the valuation, merchandising and leasing of regional and specialty centers nationwide. He shares his experience through education, serving as Dean of the School of Leasing at the University of Shopping Centers and as a longtime lecturer for the ICSC, speaking in both the organization’s Leasing Institute and its School of Management. He sat on the charter committee that created the Certified Leasing Specialist (CLS) designation. As he explains, “I wrote the test.” One of those taking that test the first year was William P. Ferrell, member of the inaugural CLS class and now Executive Vice President of The Daniel Group.

Daniel notes that the company remains busy in these times of economic tumult but that its operating mindset has been updated for the times. “We are working much more conservatively than we have previously,” he

says. “We are working smarter, not working harder. Everyone has the same amount of hours and days.” As part of this plan, the company is now offering tenant representation services and is currently organizing the expansion plans of several specialty retailers.

The Daniel Group has also expanded its practice, beginning a partnership with a local Baltimore, MD brokerage firm to form Trout Daniel & Assoc. at the start of this year. The new entity allows the company to grow both vertically, becoming more involved in its local market of Baltimore, and horizontally, expanding outside retail consulting and management into the brokerage and development of retail, multi-family, industrial and investment properties. Daniel says, “Baltimore is in the process of shedding its blue collar image and we are excited to get involved in the local brokerage business and help the city grow.”

When the company becomes involved, it uses its expertise and experience to generate an accurate survey of the property and its potential. The company then creates a complete marketing package that is presented to the client. This marketing package includes the anticipated tenant mix, any expected construction costs to lure the tenant and the expected rent the tenants will pay. Once the client has signed off on the plan, the company is given control of the property’s leasing carte blanche.

The Daniel Group recently wrapped up the leasing of High Point Town Center, a 900,000 sq.ft. power center anchored by Bass Pro Shops, Belk, JCPenney, Best Buy and Publix located in Prattville, AL. Its most recent assignments are: the re-leasing of The Mall at Cortana, a one million sq.ft. enclosed mall located in Baton Rouge, LA; the re-leasing of The Mall at Shelter Cove, the only enclosed shopping center located on Hilton Head Island, SC, and the re-leasing of City Place Mall, a vertical mixed-use center located in Silver Spring, MD. As for future projects for the company, Daniel says he’s keeping an ear out. He says, “Projects can, and often do, come when you least expect them and from places you never expect.”

Daniel says the leasing side of the retail industry is far different than it was 18

months ago. Renewals and renegotiations remain difficult, but he says “The key to the process is compromise. For a negotiation to work, all involved have to feel that they are leaving the deal with something.” In dealing with the multitude of tenants asking for rent relief, The Daniel Group will often offer such relief contingent on a lease extension or the payment of increases over a longer period of time. When confronted with a tenant looking for a reduced rate at the time of renewal, the company will oblige in exchange for a term and rate guarantee. “It’s quid pro quo,” Daniel says. “Each party gives something to get something.”

Daniel sees flexibility as a necessary attribute in the current economy. “My theory is that this is a trial. The test is ‘Can you survive this challenging economy and this incredibly challenging set of circumstances?’ Those who are flexible can survive, but those on either side who can’t bend won’t make it.” He expects flexibility on both sides to pay dividends in the future. “Those who step up to help the other out will benefit in the future.”

Economic recovery, including the retail segment, is something Daniel believes will be triggered by banks. “Unfortunately,” he says, “banks aren’t moving. They base their development financing on the rent tenants are paying, but they are not providing financing for tenants to acquire their inventory.” He expects banks to loosen their purse strings gradually and for retail to recover soon after, out of necessity. “Retailers will have to start expanding again. Investors want to see growth, and improving the sales at existing stores only goes so far.”

As the economy and the retail industry change and reset, many companies are falling by the wayside as they fail to adapt. By combining nearly three decades of expertise with willingness to compromise, The Daniel Group is moving forward regardless of the circumstances.

For more information, contact Rene Daniel, The Daniel Group, LLC, 1 Village Square, Suite 165, Baltimore, MD 21210; 410-435-4300, Fax 410-435-0600; Email: [email protected]; Web site: www.thedanielgroup.net.

To feature your company in an upcoming “Profile” in The Dealmakers, contact Ann O’Neal at [email protected]. In your email, please give a brief synopsis of what your company does and what makes it stand out from the crowd.

profile — A monthly Column feAturing retAil reAl estAte CompAnies

the dAniel group: A boutique bAltimore ConsultAnt firm proves flexible enough todAy to survive for tomorrow

by Nicholas Hamner

DM

Rene DanielFounder

DAYTON, OH WASHINGTON PARK PLAZA

178,750 S.F. GLA

ANCHOR POSITION AVAILABLE RESTAURANT SPACE AVAILABLE

OLD TIME POTTERY, UNITED ART,

ARROW WINE & SPIRIT, HOMETOWN BUFFET

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ANDERSON, SC ANDERSON PAVILION

64,221 S.F. GLA

END CAP AVAILABLE AGGRESSIVE RENTS

PUBLIX, POSTNET CHICK-FIL-A*, PIZZA HUT*, HARDEE’S*

* Not Owned

1,400 - 3,150 S.F. AVAILABLE

CONTACT (877) 797-1472 JEFFREY JAMES/MICHAEL MAHAN, JR.

PINEVILLE, NC PINEVILLE TOWNE MARKET

83,499 S.F. GLA

EXPANSION 13,400 SF INLINE SPACE AVAILABLE

FOOD LION, DOLLAR GENERAL, GOODYEAR, WEIGHT WATCHERS

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ROCK HILL, SC MARKET ON CHERRY RD.

129,518 S.F. GLA

OUTPARCEL AVAILABLE +/- 0.8 Acres

OFFICE DEPOT, BIG LOTS, ANNA’S LINENS, LEBO’S,

IT’S FASHION METRO, PAYLESS

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MAGNOLIA LAYNE

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JR. ANCHOR POSITION AVAILABLE OUTPARCEL +/- .52 ACRES

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* Not Owned

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PITTSBURGH, PA KENNYWOOD SHOPS

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GIANT EAGLE, FAMOUS LABELS, DOLLAR GENERAL, FASHION BUG,

HOLLYWOOD VIDEO

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OUTPARCELS AVAILABLE 3,800 SF, +/-0.76; 1.47;

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JEFFREY JAMES/SAM COOPER

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BANKS CROSSING

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INLINE SPACE AVAILABLE

JC PENNEY, KROGER, GUITAR CENTER, FARMER’S FURNITURE,

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ORANGE PARK, FL SOUTH BLANDING VILLAGE

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STAPLES, BIG LOTS, WOOD YOU, LARRY’S SUBS

JACKSON HEWITT

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CHARLESTON, SC WEST ASHLEY SHOPPES

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OUTPARCEL AVAILABLE +/-1.49 ACRES

ROSS DRESS FOR LESS, WORLD MARKET,

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1,050 - 4,900 S.F. AVAILABLE


LEWISVILLE, TX GARDEN PARK

178,335 S.F. GLA ANCHOR POSITION AVAILABLE OUTPARCEL AVAILABLE

+/-0.73 ACRES

STEIN MART, CHRISTIAN FAMILY BOOKSTORE, OISHI HIBACHI & SUSHI



FLORENCE, KY VILLAGE AT THE MALL

87,364 S.F. GLA

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+/-0.5 ACRES & 3,594 SF

PIER 1 IMPORTS, DOLLAR TREE, THE TILE SHOP,

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N RICHLAND HILLS, TX

RUFE SNOW VILLAGE

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99¢ ONLY, AARON RENTS, AMERICAN GENERAL,

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Disclaimer: Subject to errors and omissions.

INDIANAPOLIS, IN EMERSON PLAZA 84,799 S.F. GLA

JR. ANCHOR POSITION AVAILABLE

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Faison is preleasing Clemson Corner, a 375,000 sq.ft. regional community center situated on 38 acres at the intersection of U.S. Route 15, MD Route 26 and MD Route 355 in Frederick, MD. Wegmans, Lowe’s Home Improvement and Marshalls anchor the center. Cotenants include Wachovia Bank. Shop spaces are available. Area demographics include a population of 130,915 within a seven-mile radius earning a median household income of $74,078. The average daily traffic count is 70,000 vehicles. The center is slated to open during the fall of 2010. The company is also preleasing Brandywine Crossing, an 800,000 sq.ft. regional power center constructed in phases and situated on 106 acres at the intersection of U.S. Route 301/MD Route 5 and Chadds Ford Drive/Matapeake Drive in Brandywine, PA. Costco, Target, Safeway, Jo-Ann Fabrics and Marshalls anchor the first phase and Kerasotes ShowPlace Theater anchors the second phase. Shop spaces and outlots are available. Area demographics include a population of 127,357 within a seven-mile radius earning a median household income of $84,165. The average daily traffic count is 90,000 vehicles. The first phase will continue its phased openings begun during the fall of last year until this spring. Phase two is slated to open during the spring and fall of 2010. The company is also preleasing Myrtle Ridge Crossing, a 310,000 sq.ft. shopping center located at the intersection of U.S. Highway 501 and Myrtle Ridge Road in Myrtle Beach, SC. Wal*Mart Supercenter anchors the center. Junior anchor and shop spaces are available along with outlots. Area retail includes CVS, Lowe’s Home Improvement, Food Lion and Piggly Wiggly. Area demographics include a population of 66,293 within a seven-mile radius earning an average household income of $46,277. The average daily traffic count is 56,000 vehicles. The center is slated to open during the spring. For more information regarding Clemson Corner or Brandywine Crossing, contact Drew Gorman, Erik L. Ylitalo or Cathy Hess, Faison, 7920 Norfolk Avenue, Suite 800, Bethesda, MD 20814; 240-497-0523/0524/0521, Fax 301-986-1123; Emails: [email protected], [email protected] and [email protected]; Web site: www.faison.com. For more information regarding Myrtle Ridge Crossing, contact Thurman Brooks or Bill Barnett, 121 West Trade Street, Charlotte, NC 28202; 704-972-2625/2640, Fax 704-972-2698; Emails: [email protected] and [email protected].

RD Management, LLC is preleasing an expansion to Kmart Shopping Center, a 140,470 sq.ft. center located at the intersection of Medway Street and Beaver Street in Milford, MA. Kmart anchors the center and cotenants include Dollar Tree. The company is also preleasing the 176,000 sq.ft. second phase of Harriman Commons, a 656,198 sq.ft. center located at the intersection of Route 17/6 and Route 32 in Monroe, NY. Wal*Mart, Home Depot, BJ’s Wholesale Club, Target, T.J. Maxx and Best Buy anchor the center. The company is also preleasing Orangeburg Commons, a mixed-use center located at the intersection of Route 303 and Palisades Parkway in Orangetown, NY. Space is available along with pad sites. Area retail includes Lowe’s Home Improvement. The company is also developing a 10,584 sq.ft. expansion to a 140,715 sq.ft. shopping center located at the intersection of Route 34/Hanover Street and Interstate 81 in Carlisle, PA. Home Depot and Chili’s anchor the center. Space is available along with a pad site. For details, contact Thomas G. Mirandi, RD Management, LLC; 212-265-6600 Ext. 239, Fax 212-265-8250; Email: [email protected].

Sandor Development Co. is preleasing Sierra Vista, a shopping center located at the intersection of Martin Luther King Boulevard and State Highway 90 Bypass in Sierra Vista, AZ. Spaces from 1,112 sq.ft. to 3,005 sq.ft. are available. Lowe’s Home Improvement shadow-anchors the site along with a planned Wal*Mart Supercenter and a planned Sam’s Club. Area retail includes Staples and Ace Hardware. Area demographics include a population of 56,219 within a 10-mile radius earning an average household income of $58,017. For more information, contact Josh Simon, Sandor Development Co., 5725 North Scottsdale Road, Suite C-195, Scottsdale, AZ 85250; 602-672-4559, Fax 480-949-9020; Email: [email protected]; Web site: www.sandordev.com.

Sperry Van Ness is preleasing Aquaterra, a mixed-use center featuring a 17,240 sq.ft. retail component located in Mesa, AZ. Spaces from 1,200 sq.ft. are available. For more information, contact Ryan Mojahed, Mary Ridberg or Rommie Mojahed, Sperry Van Ness, 2525 East Camelback Road, Suite 550, Phoenix, AZ 85016; 480-899- 1999; Emails: [email protected], m a r y . r i d b e r g @ s v n . c o m and [email protected]; Web site: www.svn.com.

JP Realty Group is preleasing Plaza East, a 20,000 sq.ft. strip center situated on two acres at the intersection of Springfield Avenue and Daisy Road in Berkeley Heights, NJ. Spaces of 1,200 sq.ft.; 2,400 sq.ft. and 4,800 sq.ft. are available. Area retail includes Kings Supermarket, McDonald’s, Pizza Hut, Dunkin’ Donuts and Walgreens. Area demographics include a population of 191,000 within a three-mile radius earning an average household income of $128,000. The average daily traffic count is 21,000 vehicles. The asking rent is $32 psf with CAM of $3.95 psf and taxes of $2.95 psf. The center is slated to break ground during July and open during September. For more information, contact John Ponczek, JP Realty Group, 330 Route 661, Blairstown, NJ 07825; 908-813-0987; Email: [email protected].

Green Street Properties is preleasing The Shops at Serafina, a 31,200 sq.ft., two-level shopping center situated on 3.643 acres at the intersection of Estrella Parkway and Goodyear Boulevard in Goodyear, AZ. Trade-area demographics include a population of 77,179 earning an average household income of $76,000. The company is also preleasing The Shops at Greenfield & Main, an 18,000 sq.ft. center situated on 1.24 acres at the intersection of Greenfield Road and Main Street in Mesa, AZ. The center is shadow-anchored by Fry’s Supermarket. Area retail includes 99 Cent Only, Walgreens and Compass Bank. Spaces from 1,324 sq.ft. to 1,627 sq.ft. are available. For more information, contact Joshua Rush, Green Street Properties, 6991 East Camelback Road, Suite B100, Scottsdale, AZ 85251; 480-477-8007, Fax 480-990-1618; Email: [email protected]; Web site: www.greenstreetweb.com.

Prudential Georgia Realty is preleasing Old Town Flowery Branch, a 30,000 sq.ft. mixed-use center situated on three acres at the intersection of Pine Street and Church Street in Flowery Branch, GA. Spaces of 1,500 sq.ft.; 5,500 sq.ft. and 8,500 sq.ft. are available. Area retail includes Stonebridge Crossing. Area demographics include a population of 46,574 within a five-mile radius earning a median household income of $58,395. The average daily traffic count is 7,930 vehicles. The center is slated to break ground during June and open during December. For more information, contact Bryant Green, Prudential Georgia Realty, 351 Jesse Jewell Parkway, Gainesville, GA 30501; 770-597-5711, Fax 770-287-7494; Email: [email protected]; Web site: www.oldtownflowerybranch.com.

page 8 February 20, 2009 The Dealmakers www.dealmakers.net

new ConstruCtion

DM

Capture your share of this untapped market in two adjacent shopping centers:a Main Street Lifestyle Center and a superstore Power Center.

Together, it’s one great center of retail opportunity!

Located at the northeast corner of Routes 322, Kings Way, and the New Jersey Turnpike Exit 2 interchange.

NEW LEASING OPPORTUNITIESAN EXCITING NEW DEVELOPMENT PROJECT IN

A PRIME SOUTHERN NEW JERSEY LOCATION

Main Street at Woolwich

WoolwichCommons

LIFESTYLE CENTER POWER CENTER

WC

870,000 sf 740,000 sf

A destination village designed with traditional brick architecture, where shoppers

stroll upscale specialty shops and cafes.

A convenient complex of superstores,where shoppers enjoy national

retailers and restaurants.

� Trade Area Facts & Figures� Population 2006 Estimate: 276,747� Households 2006 Estimate: 100,867� Avg. HH Income Exceeds: $78,401� Daily Traffic Counts: 52,000 VPD� New & Approved Housing Units: 14,000� Primary Trade Area Townships: East Greenwich, Elk, Logan,

Mantua, Mullica Hill, Pilesgrove, South Harrison and Woolwich

� Main Street at Woolwich Lifestyle Center to include:� Department Stores� Fitness Center� Movie Theatre� New Residences� Restaurants

WOLFSON VERRICHIA GROUP, INC.

Meetinghouse Business Center � 120 W. Germantown Pike, Suite 120 � Plymouth Meeting, PA 19462 Tel: 610.277.8899 � Fax: 610.277.8880

For informational purposes only. These tenants are representative of our retail centers and may be subject to change.

WV Woolwich 1-28-09:Small WOOL with sites 1/28/09 9:04 AM Page 1

Urban Outfitters, Inc. (215-454-5500) is slated to open an Urban Outfitters location in Cayuga Green, a mixed-use project located along Green Street in Ithaca, NY. The store is scheduled to open during the summer. The company trades as Urban Outfitters, selling apparel, accessories and home décor for teens, at 130 stores nationwide and throughout Canada and Europe, and Anthropologie, selling apparel for women over 30, at 100 stores nationwide.

Columbia Sportswear Co. (503-985-4000) will open a branded Columbia Sportswear retail store along Michigan Avenue in Chicago, IL during the latter half of this year and plans to open outlet stores nationwide and throughout Europe. The stores carry a full line of outerwear, sportswear, rugged footwear and accessories for men, women and children. The company opened five branded and 16 outlet locations during 2008.

The Kroger Co. (513-762-4000) is slated to open a 117,000 sq.ft. Kroger Marketplace location at Newport Pavilion, a shopping center located along Interstate 471 in Newport, OH, during the summer.

Half Price Books, Records, Magazines, Inc. (214-360-0833) is slated to open a 7,800 sq.ft. Half Price Books location at Coliseum Shops, located along Coliseum Boulevard in Ft. Wayne, IN, next month. The bookstores feature new and used books, CDs and DVDs.

Whole Foods Markets, Inc. (512-477-4455) has delayed the opening of two northern CA stores. The company will open a Whole Foods Market location at the intersection of Stockton Avenue and The Alameda in San Jose, CA during 2011 and will open a location in the Blossom Hill area of San Jose, CA during the summer of 2010.

General Nutrition Centers (412-288-4600), through franchisees, is slated to open 50 GNC locations nationwide. The company opened 237 stores throughout North America during the past three years and currently operates 6,200 of the vitamin and health supplement shops nationwide and internationally throughout 52 global markets.

Aaron Rents, Inc. (404-231-0011), through franchisees, will open between 96 and 120 Aaron Rents locations this year.

Safeway, Inc. (925-467-3000) is slated to open a 24,000 sq.ft. Safeway supermarket in the ground floor of The 88, a mixed-use center located at the intersection of San Fernando Street and Second Street in San Jose, CA, during the summer. The smaller footprint is approximately half the size of a traditional store for the company, but it will operate as a full-service location.

Liz Claiborne, Inc. (212-354-4900) is slated to open several full-priced Liz Claiborne stores during the next several years. The stores will carry the company’s revamped signature clothing line, designed by Isaac Mizrahi.

Woodman’s Food Markets, Inc. (608-754-8382) will open a 238,000 sq.ft. Woodman’s Food Market location on a 33.4-acre site along U.S. Highway 45 in Menomonee Falls, WI during the fall of 2010. The supermarket will feature a liquor store and gasoline facilities. The Menomonee Falls opening displaced a planned opening in Sun Prairie, WI, which will now open during 2011. The company recently opened a location in Oak Creek, WI and currently operates 12 locations throughout WI and northern IL.


who’s opening And where

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Visit www.claritas.com/dealmakersfor details or call (877) 707-2385.Restrictions apply.

Claritas Market and Site Analysis© 2009 The Nielsen Company. All rights reserved.

Choosing the Right Site is Crucial to Your SuccessAvoid Investing in Locations That Won’t Meet Your Revenue Expectations.It is imperative in today’s economy that you are right about your site locationdecisions. One bad site choice can cost you millions in lost revenue.

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EXP_AD_5023_dealmaker1208.qxd:Layout 1 12/10/08 9:32 AM Page 1

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LEASINGRivercrest Realty has space available in

anchored shopping centers along the East Coast.

For leasing, contact:Vijay K. Shah

(NC, TN, VA, WV, MD, DE)(919) 518-2000

[email protected]

Debbie Lewis(SC, GA, FL)

(919) [email protected]

Helen Vitaliano(New York Locations)


ACQUISITIONSRivercrest Realty is actively pursuing acquisitions of retail centers located East of the Mississippi.

Acquisition Requirements:• Grocery / Shadow-Anchored

• $5 Million Minimum Deal• 30,000+ SF Shop Space

Forward proposals to:Stan Werb


www.rivercrestrealty.com8816 Six Forks Road, Suite 201

Raleigh, NC 27615Phone: (919) 518-2000

Fax: (919) 424-0001

Looking for Acquisitions • Leasing Great Sites

STATE CENTEr AvAILAbLE SFNEw yOrkStaten Island Coral Island Shopping Center 435 – 2,980 SFStaten Island Tottenville Square 1,273 – 4,415 SF

DELAwArESeaford Sussex Plaza 2,000 & 3,000 SF

FLOrIDAWilton Manors Shoppes of Wilton Manors 1,284 & 15,423 SF

GEOrGIAAtlanta Lenox Village 1,540 SFAugusta Southpointe Plaza Fully LeasedMacon Walnut Creek Plaza 2,000 – 6,000 SF

MAryLANDLandover Landover Crossing 2,000 – 119,244 SFPocomoke City East Town Plaza 3,000 SFFruitland Southtowne Commons Fully Leased

NOrTH CArOLINAAdvance Kinderton Place 1,309 & 1,787 SFChapel Hill Timberlyne 500 – 2,400 SFCharlotte Archdale Marketplace 2,400 & 4,031 SFCharlotte Royal Plaza 520 – 6,676 SFDurham Parkway Plaza Fully LeasedDurham The Village 1,000 – 11,700 SFForest City Hillside Plaza 2,000 & 25,000 SFHendersonville Highlands Square 2,500 – 4,000 SFRaleigh Millbrook Collection 1,225 – 2,150 SFShelby Creekside Plaza 3,120 SFSmithfield Smithfield Plaza 1,500 & 3,000 SFSouthport Tidewater Plaza 3,000 SFTaylorsville Taylorsville 1,200 – 8,363 SFWinston-Salem Hanes Commons 1,400 & 3,300 SF

SOUTH CArOLINABoiling Springs Boiling Springs Center 1,600 & 2,000 SFColumbia Northpointe Commons 2,000 – 35,000 SFFlorence Southside Commons 3,200 SFGaffney Piedmont Plaza 2,000 & 3,200 SFGeorgetown Plantation Plaza 1,200 & 2,000 SFGreenville Haywood Plaza 998 – 5,400 SFGreenville Shoppes at Woodruff 1,500 & 2,000 SFGreenville White Horse Commons 4,000 SFGreenwood Westwood Plaza 4,500 – 27,500 SFGreer Hillview Plaza 2,000 SFLexington East Towne Centre Fully LeasedLexington Village Square 800 & 1,493 SFMyrtle Beach Northwood Plaza 1,103 – 5,028 SFMyrtle Beach Plantation Point 2,458 – 4,122 SFSurfside Beach Surfside Commons 4,000 SF

TENNESSEECookeville Cumberland Station 900 & 3,000 SF

vIrGINIABluefield Ridgeview Plaza 2,000 & 30,000 SFCovington Riverbend 2,800 SFHarrisonburg Garbers Crossing 2,400 SFMartinsville Mountainview Plaza 3,000 – 9,000 SFRadford Peppers Ferry Centre 1,600 SFSouth Boston South Boston 1,200 SF

wEST vIrGINIAPrinceton East River Plaza 30,030 SF

Marcus & Millichap Real Estate Investment Services is selling a 125,886 sq.ft. Wal*Mart situated on 14.51 acres along Fairview Avenue in Hudson, NY. The tenant is bound to a NNN lease and plans to vacate upon completion of its new location. The building is adjacent to Greenport Center, featuring Price Chopper, Fashion Bug and Dollar Tree. The asking price is $4.2 million. The company is also selling a 9,053 sq.ft. mixed use center situated on 0.21 acres along Bank Street in Rockaway, NJ. Tenants include U.S. Postal Service and Video Express. The asking price is $1.15 million with a Cap rate of 7.73%. The company is also selling Shopping Neighborhood, a 14,129 sq.ft. shopping center located along Park Avenue in South Plainfield, NJ. Tenants include D&D Auto and Dynasty Kitchen. The asking price is $1.65 million with a Cap rate of 4.32% and a pro forma Cap rate of 12.25%. The company is also selling a 14,564 sq.ft. Rite Aid situated on 2.28 acres along Rockingham Road in Derry, NH. The tenant is bound to a 20-year NN lease begun during March 2008 and featuring six, five-year options with rent escalations at each option. Trade-area demographics include a population of 100,000 earning an average household income of $90,000. The average daily traffic count is 10,000 vehicles. The asking price is $6.159 million with a Cap rate of 8.25%. The company is also selling a 103,829 sq.ft. former Wal*Mart situated on 18.27 acres along State Route 14 in Streetsboro, OH. Area retail includes Wal*Mart Supercenter, Lowe’s Home Improvement, Target and Giant Eagle. The asking price is $4.7 million. The company is also selling a 126,397 sq.ft. former Wal*Mart situated on 15.57 acres along JW Clay Boulevard in Charlotte, NC. Area retail includes Sam’s Club, Old Navy, Best Buy, Dick’s Sporting Goods and Michaels. The asking price is $10 million. The company is also selling a 2,915 sq.ft. Burger King situated on a land area of 40,612 sq.ft. along State Route 49 in Edon, OH. The tenant is bound to a 20-year NNN lease featuring four, five-year options and 1% annual rent escalations beginning during year 11. The asking price is $897,854 with a Cap rate of 7.55%. The company is also selling a 3,876 sq.ft. Taco Cabana situated on a land area of 33,300 sq.ft. along Camp Bowie Boulevard in Ft. Worth, TX. The tenant is bound to a 20-year NNN lease four, five-year options and 1% annual rent escalations beginning during year 11. Area retail includes Denny’s, Goodyear, Boston Market and McDonald’s. Area draws include Tarleton State University. The asking price is $1.838 million with a Cap rate of 7.75%.

For more information regarding the Hudson, NY property, contact Marcus & Millichap Real Estate Investment Services, 1628 JFK Boulevard, Suite 1200, Philadelphia, PA 19103; 215-531-7000, Fax 215-531-7010; Web site: www.marcusmillichap.com. For more information regarding the Rockaway and South Plainfield, NJ properties, contact Marcus & Millichap Real Estate Investment Services, 611 River Drive, Fourth Floor, Elmwood Park, NJ 07407; 201-582-1000, Fax 201-582-1010. For more information regarding the Derry, NH property, contact Marcus & Millichap Real Estate Investment Services, 265 Church Street, Suite 210, New Haven, CT 06510; 203-672-3300, Fax 203-672-3310. For more information regarding the Streetsboro, OH and Charlotte, NC properties, contact Marcus & Millichap Real Estate Investment Services, One Mid-America Plaza, Suite 200, Oakbrook Terrace, IL 60181; 630-570-2200, Fax 630-570-2210. For more information regarding the Edon, OH and Ft. Worth, TX properties, contact Marcus & Millichap Real Estate Investment Services, 270 Madison Avenue, 7th Floor, New York, NY 10016; 212-430-5100, Fax 212-430-5110.

Massey Knakal Realty Services is selling a 4,622 sq.ft. retail condominium at the intersection of Bowery Street and Bond Street in New York, NY. The asking price represents a Cap rate of 8%. The company is also selling a 6,565 sq.ft., five-story building located at the intersection of Worth Street and West Broadway in New York, NY. The company is also selling a 2,180 sq.ft., four-story building located along West Broadway in New York, NY. The company is also selling a 3,900 sq.ft., three-story building located along West Broadway in New York, NY. For more information regarding the Bond Street property, contact James Nelson, Massey Knakal Realty Services, 275 Madison Avenue, 3rd Floor, New York, NY 10016; 212-696-2500 Ext. 7710. For more information regarding the West Broadway properties, contact Nick Petkoff; 212-696-2500 Ext. 7766.

Vanguard-Fine Retail Store Leasing, LLC is selling an 8,000 sq.ft. freestanding Family Dollar situated on 1.3 acres at the intersection of NY State Route 11/Champlain Avenue and Hinson Road in Rouses Point, NY. The asking price is $880,000 with a Cap rate of 7.5%. For more information, contact Kenneth Brownell, Vanguard-Fine Retail Stores Leasing, LLC, 2050 Western Avenue, Suite 201, Guilderland, NY 12084; 518-862-0861 Ext. 201.


buyers And sellersConceiving andDevelopingQuality RealEstate for 40Years

Mall Properties, Inc.654 Madison AvenueNew York, NY 10065

Telephone: 212.935.1330Fax: 212.832.5369

[email protected]

Peninsula TownCenterHampton, Virginiawww.peninsulatowncenter.com

(continued on page sixteen)

Starbucks Corp. (206-447-1575) will close an additional 300 Starbucks locations, including 200 locations nationwide and 100 internationally, by September. With the new closings, the company now plans to shutter 977 locations, having announced plans to close 616 stores and curb expansion during the summer of 2008. The location trimming, in addition to the trimming of menu items, are part of the company’s attempt to save $500 million in annual costs.

Under Armour, Inc. (410-454-6428) cancelled its plan to open full-price retail stores this year, citing concerns about the current economy.

The Home Depot, Inc. (770-433-8211) will close 34 EXPO Design Center, five YardBIRDS and two Design Center locations, in addtion to an HD Bath location, during the coming two months. The company currently operates 2,274 Home Depot locations nationwide and internationally.

Filene’s Basement, Inc. (614-221-9200) will close 11 Filene’s Basement locations nationwide this month, including stores in Columbia, Hunt Valley and Towson, MD along with locations in IL, MA, NJ, NY, PA and VA. The company currently operates 36 locations.

Yankee Candle Co. (413-665-8306) will cease operations of its Illuminations trade name and shutter all 28 locations throughout the West Coast. The company will also close one Yankee Candle store in AZ. The company currently operates 463 locations nationwide throughout 43 states.

Target Corp. (612-304-6073) has indefinitely postponed the opening of a 150,000 sq.ft. Target location at Northside Business Park in Fairbanks, AK. The company was slated to break ground on the project during the spring and opening was slated for October 2010. The company announced that it will resume the project when financially feasible.

Supervalu, Inc. (952-828-4000) will close four Acme locations during the next two months. The company will close locations in Newton, NJ and Ambler, Collegeville and West Chester, PA, citing underperformance.

Shane Co. (303-799-4700) filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court in the District of CO last month, citing disappointing holiday results. The company, formerly known as Western Stone & Metal Corp., currently operates stores throughout 14 states.

Arizona Partners is selling a 17,215 sq.ft. Tesco Fresh & Easy Neighborhood Market site located at the intersection of Alma School Road and Elliot Road in Chandler, AZ. The company is also selling a 15,050 sq.ft. Tesco Fresh & Easy Neighborhood Market site located at the intersection of Frank Lloyd Wright Road and Shea Avenue in Scottsdale, AZ. The company is also selling Westland Plaza, a 135,410 sq.ft. shopping center located at the intersection of Colfax Avenue and Quail Street in Aurora, CO. King Soopers and Family Dollar anchor the center. The company is also selling Aurora Highlands, a 131,892 sq.ft. center located at the intersection of Buckley Road and Mexico Avenue in Aurora, CO. Safeway, Family Dollar and Checker Auto Parts anchor the center. The company is also selling a 108,000 sq.ft. Home Depot site located at the intersection of Locust and Ft. Worth in Denton, TX. The company is also selling Fairlanes Village, a 41,547 sq.ft. shopping center located at the intersection of Rural Road and U.S. Highway 60 in Tempe, AZ. Tenants include Jerry’s Artarama, FedEx Office, AMF Bowling Alley and Desert Rat. The company is also selling Falcon Gateway, a 12,912 sq.ft. center located at the intersection of Greenfield Road and McKellips Road in Mesa, AZ. Area retail includes Wal*Mart, WaMu, Staples, Walls Fargo and Panda Express. The company is also selling a 274,115 sq.ft. former Target located in Lakewood, CO. Area retail includes King Soopers, Sears, Lowe’s Home Improvement and Gordmans. The company is also selling Glendale Plaza, a 40,000 sq.ft. shopping center located at the intersection of Glendale Avenue and 19th Avenue in Phoenix, AZ. Tesco Fresh & Easy Neighborhood Market, WaMu and Tutor Time anchor the center. For more information, contact Arizona Partners; 480-368-0111, Fax 480-368-0444; Web site: www.azpre.com.

Stan Johnson Co. is selling a 4,463 sq.ft. Bank of America situated on 0.8 acres along Wallisville Road in Houston, TX. The tenant is bound to a 20-year lease featuring eight, five-year options and 5% rent escalations every five years. Area retail includes Wal*Mart, Lowe’s Home Improvement, JCPenney, Best Buy, Staples, Party City, Marshalls, dressbarn and CVS. The average daily traffic count is 72,000 vehicles. The NOI is $215,000. The asking price is $3.44 million at a Cap rate of 6.25%. For more information, contact Hunter Jaggard, Stan Johnson Co., 10777 Westheimer Road, Suite 1100, Houston, TX 77042; 713-267-9336, Fax 713-260-9602; Email: [email protected]; Web site: www.stanjohnsonco.com.

The Simon Cos. looks to acquire development parcels of 15 acres to 30 acres located throughout GA, MD, NC, SC, TN and VA. Suitable properties are located near new and proposed retail sites. For more information, contact Ben Simon or Kevin Tucker, The Simon Cos.; 757-340-3669, Fax 757-631-9155; Email: [email protected].

Adams-Nelson & Associates, Inc is selling a 2.38-acre parcel with approvals for a restaurant located at the intersection of Valley Pike and Prosperity Drive in Winchester, VA. Area retail includes Kernstown Commons. Area demographics include a population of 34,191 within a five-mile radius earning an average household income of $67,852. The asking price is $1.5 million. For more information, contact Gary Adams, Adams-Nelson & Associates, Inc., The Fern Adams Building, 303 South Loudoun Street, Winchester, VA 22601; 540-667-2424, Fax 540-667-2441; Email; [email protected]; Web site: www.adamsnelson.com.

Goldblatt Associates is looking to acquire properties throughout Flushing, NY. Suitable properties feature a land area of 190,000 sq.ft. approved for a 35,000 sq.ft. building. For more information, contact Leslie Goldblatt, Goldblatt Associates, 60 Washington Avenue, Hamden, CT 06518; 917-721-8566, Fax 203-288-0283; Email: [email protected].

Metropolitan Asset Management, Inc. is selling a 2,800 sq.ft. former Pizza Hut situated on 0.87 acres at the intersection of Old Bridge Road and Occoquan Road in Woodbridge, VA. Area retail includes Wendy’s, McDonald’s, KFC, Subway, 7-Eleven, Bank of America and BB&T. For more information, contact Jim Crowder, Metropolitan Asset Management, Inc., 6207 Old Keene Mill Court, Springfield, VA 22152; 703-451-9100 Ext. 310, Fax 703-451-2700; Email: [email protected].

Cohen & Co., Inc negotiated the sale of Ormond Towne Square, a 234,045 sq.ft. shopping center located along West Granada Boulevard in Ormond Beach, FL. Tenants include Publix, Beall’s, Ross Dress for Less, Dollar Tree, GNC, Hallmark and Jackson Hewitt. The Jaffe Corp. acquired the center from Developers Diversified Realty. The company represented both parties in the transaction. For more information, contact Michael Cleeman or Rick Kaiser, Cohen & Co., Inc.; 212-679-1222; Emails: [email protected] and [email protected].


buyers And sellersbAnkruptCies And Closings

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(continued from page fourteen)

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The Salvation Army (202-756-2600) is slated to open a Salvation Army location along Midlothian Turnpike in Richmond, VA next month. The company will open a 15,000 sq.ft. thrift store in a former La-Z-Boy site. The opening will be the company’s seventh in the Richmond, VA area.

Uncle Giuseppe’s Marketplace (516-579-1955) is slated to open a location in a former Stop & Shop space at Port Plaza, a 176,000 sq.ft. center located in Port Jefferson Station, Long Island, NY, during the early part of 2010. The specialty supermarkets, styled after traditional Italian markets, feature Italian specialty foods and more than 350 varieties of cheese.

CiCi’s Enterprises, Inc. (972-745-4200), through a franchisee, will open a CiCi’s Pizza restaurant in University Square Shopping Center, located along University Avenue in San Diego, CA. The buffet-style pizzeria will occupy a 3,940 sq.ft. space, and will join Food 4 Less, Marshalls and Panchero’s Mexican Grill. The franchisee is slated to open two more CiCi’s locations throughout the San Diego, CA metropolitan area.

Auto Zone, Inc. (904-495-6500) is slated to open an AutoZone location in a pad site of Century Plaza, a 134,000 sq.ft. mixed-use center located along U.S. Highway 127 South in Frankfort, KY. The store, selling auto parts and accessories, joins Big Lots and Dollar General and is scheduled to open during the summer. The company currently operates 3,600 locations nationwide.

Rite Aid Corp. (717-761-2633) will open a 14,000 sq.ft. Rite Aid drugstore at the intersection of Market Street and Route 15 Bypass in Camp Hill, PA during the spring or fall of 2010. The opening will replace an existing location located along North 21st Street in Camp Hill. The new location will be across the street from a CVS.

Savers, Inc. (425-462-1515) will open a Savers store along Mall Drive in Duluth, MN during April. The thrift stores feature clothes, household items, books, electronics, furniture, sporting goods, toys and items for infants. The opening will be the company’s seventh in MN.

Target Corp. (612-304-6073) will open a Target location at Newport Pavilion, a shopping center located along Interstate 471 in Newport, OH, during 2010. The company was originally slated to break ground during September 2008 and open this year, but both dates are now delayed.


who’s opening And where

DM

(continued from page ten)

NEW LEASING OPPORTUNITIESTwo Unique lifestyle and Main Street Projects

Since 1992, we have been developing and building Shopping Centers one brick at atime, identifying centers of retail opportunity designed to attract the right clientele for your business.

Shopping Centers by the Wolfson Verrichia Group are more than bricks and mortar.We create optimal retail locations — shopping destinations that bring customers right to your door.

Our tenant mix is definitely attracting attention from national chains, specialtystores, restaurants, and consumers. Find your opportunity in a center by Wolfson Verrichia Group.

A premium location to capture your share of an untapped market in Southern New Jersey.

� Lifestyle Center: RETAIL – 870,000 Sq. Ft.� Power Center: RETAIL – 740,000 Sq. Ft.� Located at the northeast corner of Routes 322,

Kings Way, and NJ Turnpike Exit 2 interchange.� Daily Traffic Count: 52,000 VPD� 14,000 New and Approved Housing Units

Opening: Spring 2010

Main Street at Woolwich

WoolwichCommons

Main Street & Lifestyle Development Project A Power Center

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Centers of Opportunity

A prime location to capture your shareof an active market in Pennsylvania.

� RETAIL � RESIDENTAIL� OFFICE � HOTEL � Located at Route 1 (Baltimore Pike)

and Route 452 in Delaware County� Daily Traffic Count: 65,000 VPD

Opening: Fall 2011For informational purposes only. These tenants are representative of our retail centers and may be subject to change.

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Meetinghouse Business Center � 120 W. Germantown Pike, Suite 120 � Plymouth Meeting, PA 19462 � Tel: 610.277.8899 Fax: 610.277.8880

ARAMINGO CROSSINGS

Philadelphia � Philadelphia County, PAAramingo Ave. & Butler Street

Anchors:� Lowe’s Home ImprovementAvailable: � 120,000 sq. ft. Retail Space � 3 OutparcelsGLA: 329,408 sq. ft.Opening: Fall 2009

DRUMORE CROSSINGS

Drumore Township � Lancaster County, PARoutes 372 & 272

Anchors:� Supermarket� Department Store� Home Improvement StoreAvailable:� 90,000 sq. ft. Retail Space � 5 OutparcelsGLA: 385,000 sq. ft.Opening: Fall 2011

EDDYSTONE CROSSINGS

Eddystone Borough � Delaware County, PAChester Pike & Simpson Avenue

Anchor:� Walmart� ShopRite SupermarketAvailable: � 3,780 sq. ft. Retail Space GLA: 231,000 sq. ft.

HILLTOWN CROSSINGS

Hatfield Township � Bucks County, PARoute 309 & Orvilla Road

Anchors:� Walmart SupercenterAvailable: � 1,350 sq. ft. Retail Space � 3,600 sq. ft. Retail Space � 5,850 sq. ft. Retail Space � 62,224 sq. ft. Retail Space GLA: 275,000 sq. ft.

LIMERICK COMMONS

Limerick Township � Montgomery County, PARidge Pike & Township Line Rd.

Anchors:� The Home DepotGLA: 135,000 sq.ft.Opening: Fall 2009

MACDADE MALL

Holmes � Delaware County, PAMacDade Boulevard & Glenside AvenueAnchor:� Acme Markets� K-MartAvailable:� Re-development ProjectGLA: 275,000 sq. ft.Opening: Spring 2010

MAIDEN CREEK CROSSINGS

Kutztown � Berks County, PARoute 222 & Schaeffer Road

Anchors:� Supermarket� Department Store� Home Improvement StoreAvailable:� 90,000 sq. ft. Retail Space � 5 OutparcelsGLA: 458,000 sq. ft.Opening: Fall 2010

MAIN STREET AT EXTON

West Whiteland Township � Chester County, PARoutes 100 & 30

Anchors:� Babies R Us� Barnes & Noble� Bed, Bath and Beyond� Michael’s Arts & Crafts� Old Navy� Sam’s Club� WalmartAvailable: � 90,000 sq. ft. Retail Space – Phase II� 12,000 sq. ft. Retail Space – Phase IGLA: 800,000 sq. ft.

MORGANTOWN CROSSINGS

Caernarvon Township � Berks County, PARoute 23 & PA Turnpike

Anchors:� Walmart Supercenter� Lowe’s Home ImprovementAvailable: Phase II� 20,000 sq. ft. Retail Space� 4 OutparcelsGLA: 400,000 sq. ft.

OXFORD COMMONS

Lower Oxford Township � Chester County, PARoutes 10 & 1

Anchors:� Walmart SupercenterAvailable:� 180,000 sq. ft. Retail Space� 2 OutparcelsGLA: 400,000 sq. ft.Opening: Fall 2009

RICHLAND CROSSINGS

Quakertown Township � Bucks County, PARoutes 309 & 313

Anchors:� Walmart Supercenter� Regal CinemaAvailable: � 66,000 sq. ft. Acme SubleaseGLA: 300,000 sq. ft.

SHOPPES AT THE PAVILION

Jenkintown � Montgomery County, PARoutes 611 & 73

Anchors:� Acme Markets� Burlington Coat FactoryAvailable: � 10,500 sq. ft. Rite Aid SubleaseGLA: 152,000 sq. ft.

WEST SADSBURY COMMONS

West Sadsbury Township � Chester County, PARoutes 30 & 10

Anchors:� Walmart Supercenter� The Home Depot� Peebles Department StoreGLA: 400,000 sq. ft.

AUDUBON COMMONS

Audubon Borough � Camden County, NJBlack Horse Pike & Nicholson Road

Anchors:� Acme Markets� Rite Aid� Applebee’sAvailable:� 4,500 sq. ft. Retail SpaceGLA: 90,000 sq. ft.

AUDUBON CROSSINGS

Audubon Borough � Camden County, NJBlack Horse Pike & Nicholson Road

Anchors:� Walmart � StaplesAvailable: Phase II� 100,000 sq. ft. Retail Space� 2 OutparcelsGLA: 470,000 sq. ft.Phase II – Under Construction

OAK TREE PLAZA

Egg Harbor Township � Atlantic County, NJFire Road & Black Horse Pike

Anchors:� Walmart� StaplesAvailable:� 30,000 sq. ft. Retail Space � 5 OutparcelsGLA: 250,000 sq. ft.Opening: Summer 2009

PENNSYLVANIA

NEW JERSEY

Over 3,673,000 sq. ft. Existing &

3,888,000 sq. ft. in Pre-Development

UNDERCONSTRUCTION

NEW

NEWNEW

EXPANSION

EXPANSION

NEW

NEW

WOLFSON VERRICHIA GROUP, INC.

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Buffalo’s Franchise Concept trades as Buffalo’s Southwest Café at 50 locations throughout AL, FL, GA, IN, MI, NC, NV, OH and SC, as well as internationally. The casual dining restaurants offer roasted chicken, ribs, sandwiches, soups and salads, and occupy spaces of 4,500 sq.ft. in endcaps and freestanding locations. Growth opportunities are sought throughout the southeastern region during the coming 18 months. The company is franchising. For more information, contact Kevin Kingery, Buffalo’s Franchise Concept, 707 Whitlock Avenue Southwest, Building H, Suite 13, Marietta, GA 30064; Web site: www.buffaloscafe.com.

Java Detour operates 19 locations throughout CA, MN, NV and WI. The coffee shops occupy spaces of 700 sq.ft. to 2,000 sq.ft. in prime corner locations and office building kiosks. Growth opportunities are sought throughout Manhattan, NY during the coming 18 months, with representation by Winick Realty Group. The company prefers high traffic locations. For more information, contact Chris Schwart, Winick Realty Group, 655 Third Avenue, 8th Floor, New York, NY 10017; 212-792-2604; Email: [email protected].

BJ’s Restaurant & Brewhouse operates 83 locations throughout the midstates, southern and western regions. The restaurants/bars prefer spaces of 9,500 sq.ft. in freestanding locations and lifestyle and power centers. Growth opportunities are sought throughout southern CA during the coming 18 months, with representation by Katz & Associates. For more information, contact Jessie Rehmeier, Katz & Associates., 21791 Lake Forest Drive, Suite 202, Lake Forest, CA 92630; 949-597-3535, Fax 949-597-3537; Web site: www.bjsbrewhouse.com.

Panera Bread operates 1,230 locations nationwide and in Canada. The restaurants, offering sandwiches, soups, salads, bagels and desserts, occupy spaces of 3,500 sq.ft. to 4,000 sq.ft. in endcaps, freestanding locations and strip centers. Growth opportunities are sought throughout Fairfield, Litchfield and New Haven counties in CT during the coming 18 months, with representation by Sullivan Hayes Cos. For more information, contact Tim McNamara, Sullivan Hayes Cos., 10 Waterside Drive, Suite 200, Farmington, CT 06032; 860-677-5252, Fax 860-679-5260; Web site: www.panerabread.com.

The Magic Pot operates three locations throughout Edgewater, NJ. The restaurants occupy spaces of 1,200 sq.ft. to 2,100 sq.ft. in freestanding locations and lifestyle, strip and specialty centers. Growth opportunities are sought throughout central and northern NJ during the coming 18 months, with representation by The Goldstein Group. Wow Café & Wingery operates 50 locations throughout AL, CA, GA, IL, LA, MD, MN, MO, MS, MT, NC, NJ, NM, NY, PA, TN, TX, VA and VT. The restaurants occupy spaces of 2,000 sq.ft. to 3,000 sq.ft. in endcaps and lifestyle, power, specialty and strip centers. Growth opportunities are sought throughout northern NJ during the coming 18 months, with representation by The Goldstein Group. For more information, contact Florian Suserman, The Goldstein Group, 266 Harristown Road, Suite 105, Glen Rock, NJ 07452; 201-703-9700 Ext. 23, Fax 201-703-9678; Web site: www.thegoldsteingroup.com.


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Solstice Sunglass BoutiqueRobert Draizenc/o Robert K. Futterman & Associates521 Fifth Avenue 7th FloorNew York, NY 10175212-599-3700, 212-599-3744Email: [email protected] site: www.rkf.com

AccessoriesThe 140-unit chain operates locations nationwide. The stores, offering men and women’s accessories, occupy spaces of 700 sq.ft. to 1,100 sq.ft. in regional malls. Growth opportunities are sought throughout the existing markets during the coming 18 months, with representation by Robert K. Futterman & Associates.

FirestoneTim McNamarac/o Sullivan Hayes Cos.10 Waterside Drive, Suite 200Farmington, CT 06032860-677-5252, Fax 860-679-5260Email: [email protected]

AutomotiveThe 1,500-unit chain operates locations nationwide. The automotive service centers occupy spaces of 7,000 sq.ft. to 8,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout CT, western MA and RI during the coming 18 months, with representation by Sullivan Hayes Cos.

Jiffy LubeCraig Wielansky or Jay Cohenc/o L3 Corp.12655 Olive Boulevard, Suite 220St. Louis, MO 63141314-469-7400Web site: www.jiffylube.com

AutomotiveThe 2,200-unit chain operates locations nationwide and throughout Canada. The automotive service centers occupy freestanding locations and outparcels situated on a land area of 0.5 acres. Growth opportunities are sought throughout the metropolitan area of St. Louis, MO during the coming 18 months, with representation by L3 Corp.

Midas Realty Corp.dba Midas International Corp.Harry Hewitt1300 Arlington Heights RoadItasca, IL 60143Email: [email protected] site: www.midasfran.com

AutomotiveThe 2,500-unit chain operates locations nationwide and internationally. The automotive service centers occupy spaces of 4,500 sq.ft. to 6,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout CT, DE, FL, GA, MA, MD, ME, MI, NC, NH, NJ, NY, OH, PA, RI, SC, VA, VT, WV and Washington, DC during the coming 18 months. Typical leases run 20 years with options. Specific improvements are required. Preferred demographics include a population of 50,000 within three miles. A land area of 30,000 sq.ft. to 40,000 sq.ft. is required. The company is franchising.

Pep Boys AutoEd Enoch or Brandon Famousc/o Fameco Real Estate, LP633 West Germantown Pike, Suite 200Plymouth Meeting, PA 19462610-834-8000, Fax 610-834-1793Emails: [email protected] or [email protected] sites: www.pepboys.com and www.famecoretail.com

AutomotiveThe 560-unit chain operates locations nationwide and in Puerto Rico. The automotive service centers, also offering tires, parts and accessories, occupy spaces of 5,000 sq.ft. to 7,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout northern DE, southern NJ and the metropolitan area of Philadelphia, PA during the coming 18 months, with representation by Fameco Real Estate, LP. The company will consider sites in existing buildings with multiple service bays and facilities with ceiling heights of at least 13’ with a glass front. The company prefers to locate in areas with high traffic counts and a strong median household income.

Merle Norman Cosmetics, Inc.dba Merle Norman Cosmetic StudiosAlice Okamoto9130 Bellanca AvenueLos Angeles, CA 90045310-337-2321, Fax 310-337-2370Email: [email protected] site: www.merlenorman.com

CosmeticsThe 2,000-unit chain operates locations nationwide and in Canada. The stores, offering cosmetics and skincare products, occupy spaces of 400 sq.ft. to 1,000 sq.ft. in freestanding locations, malls and mixed-use, power, specialty and strip centers. Growth opportunities are sought throughout the existing markets during the coming 18 months. Typical leases run five years with a five-year option. A vanilla shell is required. Preferred cotenants include department stores, women’s apparel stores and hair salons. Preferred demographics include a population of 20,000 within three miles earning $40,000 as the average household income. Major competitors include MAC, Ulta, Sephora and department stores.


UltaRon DeLucac/o R.J. Brunelli & Co., Inc.400 Perrine Road, Suite 405Old Bridge, NJ 08857732-721-5800, Fax 732-721-9241Email: [email protected] sites: www.njretailrealty.com and www.ulta.com

CosmeticsThe 200-unit chain operates locations throughout 30 states nationwide. The stores, offering cosmetics, fragrances, health and beauty items and featuring a salon, occupy spaces of 10,000 sq.ft. in freestanding locations, inline spaces and power centers. Growth opportunities are sought throughout central and northern, NJ during the coming 18 months, with representation by R.J. Brunelli & Co., Inc. Typical leases run 10 years. Specific improvements are required. Preferred cotenants include Best Buy, Target and women’s apparel retailers. Preferred demographics include a population of 90,000 within five miles earning $85,000 as the average household income. A minimum of 80 feet of frontage is required.

Shopko Stores, Inc.dba ShopkoGreg Polacheck700 Pilgrim WayGreen Bay, WI 54304920-429-7092, Fax 920-429-7567Email: [email protected] site: www.shopko.com

DiscountThe 135-unit chain operates locations throughout IA, ID, IL, MI, MN, MT, NE, OR, SD, UT and WI. The discount stores occupy spaces of 80,000 sq.ft. in freestanding locations, malls and outlet, power and strip centers. Growth opportunities are sought throughout the existing markets during the coming 18 months. A vanilla shell is required. Preferred cotenants include grocery stores. Preferred demographics include a population of 50,000 within five miles. Major competitors include Kohl’s and Target.

ABC Warehouse Groupdba Mickey ShorrJim MeinershagenOne West Silverdome Industrial ParkPontiac, MI 48343248-335-4222 Ext. 203, Fax 248-335-2568

ElectronicsThe 16-unit chain operates locations throughout MI. The electronics stores occupy spaces of 2,500 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought throughout IN, MI and OH during the coming 18 months. Typical leases run 10 years with two, five-year options.

T-MobileJohn Margilianoc/o Thur & Associates8260 Greensboro Drive, Suite 270McLean, VA 22102703-847-0865, Fax 703-847-1435Web site: www.thurassociates.com

ElectronicsThe 2,000-unit chain operates locations nationwide. The electronics stores occupy spaces of 700 sq.ft. to 1,200 sq.ft. in downtown areas. Growth opportunities are sought throughout the metropolitan area of Washington, DC during the coming 18 months, with representation by Thur & Associates.

Champions Sports ComplexDave Terry8161 Highway 100, Suite 201Nashville, TN 37221Email: [email protected] site: www.championssportscomplex.com

EntertainmentThe three-unit chain operates locations throughout FL and KY. The centers, offering instruction and coaching for a variety of sports, as well as batting cages, volleyball and basketball courts, indoor baseball and a wood-floor gymnasium, occupy spaces of 50,000 sq.ft. to 90,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout the Southeast during the coming 18 months.

Cinema North Corp.Gerald Couture930 US Route 4Rutland, VT 05702802-775-4915, Fax 802-775-6943Email: [email protected] site: www.cinemanorth.com

Entertainment The 10-unit chain operates locations throughout CT, MA, NY and VT. The movie theaters occupy spaces of 20,000 sq.ft. to 25,000 sq.ft. in malls and entertainment, power and strip centers. Growth opportunities are sought throughout CT, MA and NY during the coming 18 months.

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Great Play Jeff Kintzerc/o Royal Properties, Inc.850 Bronx River RoadBronxville, NY 10708914-237-3403, Fax 914-237-0196Email: [email protected] site: www.royalpropertiesinc.com

FitnessThe three-unit chain operates locations throughout CT, NY and WA. The children’s fitness centers occupy spaces of 3,000 sq.ft. to 4,000 sq.ft. in power and strip centers. Growth opportunities are sought throughout Fairfield County, CT and Westchester County, NY during the coming 18 months, with representation by Royal Properties, Inc. A vanilla shell is required.

Color, Inc.dba Making HistoryAl Shameklis490 Boston Post RoadSudbury, MA 01776978-443-1970 Ext. 987, Fax 978-443-1712Email: [email protected] site: www.thecolorstores.com

GiftsThe 10-unit chain operates locations throughout CA, IL, LA, MD, MO, PA and TX. The gift shops occupy spaces of 600 sq.ft. to 1,800 sq.ft. in entertainment, specialty and tourist centers, in addition to urban/downtown areas. Growth opportunities are sought nationwide during the coming 18 months. Typical leases run five years with a five-year option. A vanilla shell and specific improvements are required.

Regis Corp.dba Regis SalonDavid Foley7201 Metro BoulevardMinneapolis, MN 55439952-947-7000, Fax 952-947-7900Email: [email protected] site: www.regiscorp.com

HairThe 878-unit chain operates locations nationwide and in Canada and Puerto Rico. The hair salons occupy spaces of 900 sq.ft. to 1,200 sq.ft. in malls. Growth opportunities are sought nationwide during the coming 18 months.

Six Flags Rollercoaster CutsCorey Bialowc/o Bialow Real Estate60 Wells AvenueNewton, MA 02459617-928-9423, Fax 617-964-5318Email: [email protected] site: www.coastercuts.com

HairThe one-unit concept operates at a location in West Hartford, CT. The children’s hair salon prefers to occupy spaces of 2,500 sq.ft. in lifestyle and regional centers. Growth opportunities are sought throughout the Northeast during the coming 18 months, with representation by Bialow Real Estate.

Sport ClipsGreg Fisher, Jared Davisc/o Present Value Properties, Inc.1590 North Batavia Street, Suite 2Orange, CA 92867714-464-3000, Fax 714-464-3015Email: [email protected] site: www.pvpinc.com

HairThe 600-unit chain operates locations nationwide. The men’s hair salons occupy spaces of 1,000 sq.ft. in endcaps and inline spaces. Growth opportunities are sought throughout Orange County, CA during the coming 18 months, with representation by Present Value Properties, Inc. Preferred demographics include a population of 50,000 within two miles earning $45,000 as the median household income. For additional information regarding expansion throughout the Inland Empire in CA, contact Ryan Pate.

BoesKen Keats1038 Scurfield BoulevardWinnipeg, Manitoba, Canada R3Y 1M6204-475-6834, Fax 204-475-6823

LuggageThe three-unit chain operates locations throughout Manitoba and Saskatchewan, Canada. The luggage shops occupy spaces of 700 sq.ft. to 1,500 sq.ft. in regional shopping centers. Growth opportunities are sought throughout Alberta and Saskatchewan, Canada during the coming 18 months.


Office DepotAlvin Rodenbostelc/o Edgemark Commercial Real Estate Services, LLC2215 York Road, Suite 503Oakbrook, IL 60523630-472-1010, Fax 630-472-1019Email: [email protected] site: www.officedepot.com

Office SuppliesThe 1,200-unit chain operates locations nationwide and internationally. The office supply stores occupy spaces of 20,000 sq.ft. in freestanding locations and power centers. Growth opportunities are sought throughout IL during the coming 18 months, with representation by Edgemark Commercial Real Estate Services.

StaplesChase Wellesc/o Northwest Atlantic Real Estate Services, LLC711 Westchester Avenue, 2nd FloorWhite Plains, NY 10604914-328-2222, Fax 914-328-2121Email: [email protected] site: www.nwatlantic.com

Office SuppliesThe 1,832-unit chain operates locations nationwide. The office supply stores occupy spaces of 10,000 sq.ft. to 25,000 sq.ft. in multi-level locations. Growth opportunities are sought throughout the metropolitan area of New York, NY during the coming 18 months, with representation by Northwest Atlantic Real Estate Services, LLC.

The preceding leads have been verified by calls made to or written submittals from the respective retailers during the weeks prior to publication. Since the majority of chains featured in Lead Sheet are small in size, some changes in their expansion plans should be expected. To be included in an upcoming issue, just fax a note or call us with the details. Our fax number is (609-587-3511) and you can reach us by phone at (609-587-6200) or email at [email protected].

Health Shoes Plus, Inc.dba Happy Feet Plus and BirkenstockJacob Wurtz465 Clearwater Largo Road NorthLargo, FL 33770727-538-1111, Fax 727-518-9769Email: [email protected] site: www.happyfeet.com

ShoesThe nine-unit chain operates locations throughout Ellenton, Ft. Myers, Sarasota and Tampa Bay, FL. The stores occupy spaces of 1,500 sq.ft. to 2,400 sq.ft. in lifestyle, outlet and power centers. Plans call for one opening in FL during the coming 18 months. Typical leases run five years with a five-year option. A vanilla shell is required. Preferred cotenants include upscale retailers. Preferred demographics include a population of 250,000 within three miles earning $75,000 as the average household income.

Bru’s Room Sports GrillDan Coylec/o The Rotella Group, Inc.3300 North Federal Highway, Suite 200Fort Lauderdale, FL 33306954-568-9015, Fax 954-568-9597Email: [email protected] site: www.brusroom.com

SpecialtyThe seven-unit chain operates locations throughout southeastern FL. The restaurant/bar prefers to occupy spaces of 2,500 sq.ft. to 4,000 sq.ft. in inline spaces, endcaps and strip centers and 5,000 sq.ft. to 7,000 sq.ft. in freestanding locations adjacent to big box retailers. Growth opportunities are sought throughout Palm Beach County and Wellington, FL during the coming 18 months, with representation by The Rotella Group, Inc. The company prefers to locate in sites with high visibility and traffic as well as availability for outdoor seating and patio.

VolcomMichael Riellyc/o Townsend & Associates5757 Wilshire Boulevard, Suite 300Los Angeles, CA 90036310-286-9945, Fax 323-904-6302Email: [email protected] site: www.volcom.com

SpecialtyThe 10-unit chain operates locations throughout CA, HI, NV and NY. The stores, offering surfing and skateboarding apparel, sportswear and accessories, occupy spaces of 2,000 sq.ft. to 3,000 sq.ft. in malls and urban/downtown areas. Plans call for six openings throughout major metropolitan and coastal markets throughout the eastern and western regions of the U.S. during the coming 18 months. Preferred cotenants include Quicksilver, Billabong and Pacific Sunwear.

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Seaford – Sussex Plaza has spaces available of 2,000 sq.ft. and 3,000 sq.ft. For details, contact Vijay K. Shah, Rivercrest Realty Investors, 8816 Six Forks Road, Suite 201, Raleigh, NC 27615; 919-518-2000; Email: [email protected]; Web site: www.rivercrestrealty.com.

Wilmington – Brandywine Commons II, a 165,805 sq.ft. center situated on 25.85 acres at the intersection of U.S. Route 202/Concord Pike and Rocky Run Parkway, has a 22,180 sq.ft. space available. ShopRite anchors the center and cotenants include The Sports Authority, Raymour & Flanigan Furniture, Applebee’s and First Republic Bank. Area demographics include a population of 134,953 within five miles earning $98,914 as the average household income. For details, contact Nina Sirianni, Kimco Realty, 6 Coulter Avenue, Suite 1000, Ardmore, PA 19003; 610-896-7560; Email: [email protected].

Florida

Fern Park – Lowe’s Shopping Center, a 129,085 sq.ft. center located at the intersection of Highway 17-92 and Fernwood Boulevard, has space available. For details, contact Thomas G. Mirandi, RD Management, LLC; 212-265-6600 Ext. 239, Fax 212-265-8250; Email: [email protected].

Green Cove Springs – Magnolia Layne, an 89,518 sq.ft. center, has spaces available from 676 sq.ft. to 6,666 sq.ft. along with a 0.52-acre outparcel. Cotenants include Harvey’s Grocery, Dollar General, Pizza Hut, Subway, Allstate Insurance and Curves. Area retail includes Hardee’s. Orange Park – South Blanding Village, a 108,954 sq.ft. center, has spaces available from 1,200 sq.ft. to 12,454 sq.ft. along with outparcels of 0.28 acres and 0.85 acres. Cotenants include Staples, Big Lots, Wood You Furniture, Larry’s Subs and Jackson Hewitt. For details, contact Jeffrey James or Michael Callahan, Lamar Cos., 365 South Street, Morristown, NJ 07960; 877-797-1472 or 973-285-0660, Fax 973-285-9236; Web site: www.lamarcompanies.com.

Wilton Manors – Shoppes of Wilton Manors has spaces available of 1,284 sq.ft. and 15,423 sq.ft. For details, contact Debbie Lewis, Rivercrest Realty Investors, 8816 Six Forks Road, Suite 201, Raleigh, NC 27615; 919-518-2000; Email: [email protected]; Web site: www.rivercrestrealty.com.

Atlanta – Lenox Village has a 1,540 sq.ft. space available. Macon – Walnut Creek Plaza has spaces available from 2,000 sq.ft. to 6,000 sq.ft. For details, contact Debbie Lewis, Rivercrest Realty Investors, 8816 Six Forks Road, Suite 201, Raleigh, NC 27615; 919-518-2000; Email: [email protected]; Web site: www.rivercrestrealty.com.

Fayetteville – Banks Crossing, a 256,930 sq.ft. center, has spaces available from 1,400 sq.ft. to 12,068 sq.ft. Cotenants include JCPenney, Kroger, Guitar Center, Farmer’s Furniture and Goodyear. For details, contact Jeffrey James or Michael Caallahan, Lamar Cos., 365 South Street, Morristown, NJ 07960; 877-797-1472 or 973-285-0660, Fax 973-285-9236; Web site: www.lamarcompanies.com.

Kentucky

Ashland – Russell Centre, a 272,000 sq.ft. center located at the intersection of Diederich Boulevard and Route 23, has space available along with a pad site. Lowe’s Home Improvement and Super Kroger anchor the center. For details, contact Thomas G. Mirandi, RD Management, LLC; 212-265-6600 Ext. 239, Fax 212-265-8250; Email: [email protected].

Florence – Village at the Mall, an 87,364 sq.ft. center, has spaces available from 3,594 sq.ft. to 18,095 sq.ft., along with outparcels of 3,594 sq.ft. and 0.5 acres. Cotenants include Pier 1 Imports, Dollar Tree, The Tile Shop and Honey Baked Ham. For details, contact Jeffrey James or Sam Cooper, Lamar Cos., 365 South Street, Morristown, NJ 07960; 877-797-1472 or 973-285-0660, Fax 973-285-9236; Web site: www.lamarcompanies.com.

Maryland

Annapolis – A 0.75-acre pad site located on Forest Drive is available. Baltimore – A divisible space of 8,080 sq.ft. is available on East Homestead Street. Area retail includes Giant, Rite Aid and Payless ShoeSource. Also, Northwood Shopping Center, a neighborhood center located on Havenwood Road, has spaces available of 2,760 sq.ft. and 4,320 sq.ft. Also, North Point Mall, located on North Point Boulevard, has a 6,600 sq.ft. space available. Kmart anchors the center. Also, Cherry Hill Town Center, located on

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sourCes of finAnCing

CFO Capital Partners provides financing in amounts up to $10 million for retail and mixed-use centers. Notes are available at fixed rates ranging from 6% to 7% at a maximum loan-to-value ratio of 70%. For more information, contact Paul Sheldon, CFO Capital Partners, 437 FoxTract Road, First Floor, Bridgeport, NY 13030; 315-307-8594, Fax 775-248-6603; Email: [email protected]; Web site: www.cfocapitalpartners.com.

BB&T Real Estate Funding provided a first mortgage loan for the acquisition of MacArthur Park, a 198,366 sq.ft. center located in Irving, TX. The company provides financing for multi-family and retail properties nationwide, and currently operates more than 1,500 financial centers in 11 states and Washington, DC. For more information, contact BB&T Real Estate Funding, 200 North Northwest Highway, Suite 100, Barrington, IL 60010; 847-382-5522; Web site: www.bbtrefunding.com.

Dellovo Capital Corp. brokers hard money, interest-only loans ranging from $1 million to $100 million with interest rates from 12% to 14% and a maximum loan-to-value ratio of 50%. The company arranges financing through conventional, hard money and private capital channels for the acquisition, refinancing, construction, rehabilitation, expansion and development of commercial real estate and businesses. For more information, contact Dellovo Capital Corp., 394 Lowell Street, Suite 13, Lexington, MA 02420; 781-274-9800; Email: [email protected]; Web site: www.dellovocapital.com.

McMann Mortgage arranges financing in amounts from $500,000 to $100 million for retail, restaurant, gas station and mixed-use properties. The company can arrange hard money financing at a maximum loan-to-value ratio of 65% for stated transactions. The company provides mortgage financing at a maximum loan-to-value ratio of 80% for stated transactions and 90% for fully documented transactions. The company can also arrange financing for project rehabilitation, renovation, construction, refinancing and acquisition, in addition to bridge loans and short-term mezzanine financing. For more information, contact Walt Trock, McMann Mortgage, 4747 Lincoln Mall Drive, Matteson, IL 60443; 800-877-7601 or 708-228-5201, Fax 708-228-5207; Email: [email protected]; Web site: www.mcmannmortgage.com. D

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Cherry Hill Road, has a 15,342 sq.ft. space available. Cockeysville – Industry Lane Shopping Center, located on York Road, has a 1,979 sq.ft. space available. Cotenants include Chick-fil-A and Carmax Express. Gambrills – A former bank site with drive-thru located on Maryland Route 3 North is available. Glen Burnie – A 1.9-acre pad site located at the intersection of Ordnance Road and Ritchie Highway is available. Laurel – Crystal Plaza, located on Laurel-Bowie Road, has a 25,917 sq.ft. space available for sublease. Millersville – A one-acre pad site located on Veterans Highway is available. Rockville – A center located on Rockville Pike has a 5,760 sq.ft. space available. Area retail includes White Flint Mall. The average daily traffic count is 54,910 vehicles. Salisbury – A center located on Tilghman Road has a 36,423 sq.ft. former T.J. Maxx available for sublease. Food Lion anchors the center. For details, contact Matthew Cooper or Edward Goldmeier, Grubb & Ellis, 20 South Charles Street, Suite 902, Baltimore, MD 21201; 410-625-4207/4202, Fax 410-625-1982; Emails: [email protected] and [email protected].

Bel Air – Greenbrier Shopping Center, a 115,927 sq.ft. center situated on 19.68 acres at the intersection of Brierhill Drive and Maryland State Route 22/Churchville Road, has spaces available of 3,431 sq.ft. and 7,650 sq.ft. along with a 4,675 sq.ft. bank pad site. Safeway anchors the center and cotenants include CVS, Applebee’s, Long & Foster, Eyedentity, H&R Block, Churchville Veterinary Clinic, Blockbuster Video, China Queen, Subway, Italian Sensations, Planet Sun, Smoothie King, Star Nails, Greenbrier Wine & Spirits, Holiday Hair, Greenbrier Cleaners, Roman’s Florist, Pat’s Hallmark and Dollar Tree. Area demographics include a population of 96,956 within five miles earning $100,055 as the average household income. Easton – Shoppes at Easton, a 113,330 sq.ft. center situated on 13.9 acres at the intersection of Elliott Road and Teal Drive, has spaces available of 1,200 sq.ft. and 3,400 sq.ft. Giant anchors the center and cotenants include Hair Cuttery, PNC Bank, Hobby Town, Athlete’s Foot, H&R Block, Finance Maryland, China King, Papa John’s, GNC, Fashion Cents, GameStop, Fashion Bug and Dollar Tree. Area demographics include a population of 20,238 within five miles earning $70,926 as the average household income. Towson – Radcliffe Center, an 88,405 sq.ft. center situated on 8.07 acres on York Road between Interstate

695/Baltimore Beltway and Fairmount Avenue, has spaces available of 11,500 sq.ft.; 24,060 sq.ft. and 35,120 sq.ft. Cotenants include CVS, Wachovia and Provident Bank. Area demographics include a population of 266,207 within five miles earning $89,109 as the average household income. For details regarding the Bel Air and Towson properties, contact Scotty Sellman, Kimco Realty, 170 West Ridgely Road, Suite 210, Lutherville, MD 21093; 410-684-2000; Email: [email protected]; Web site: www.kimcorealty.com. For details regarding the Easton property, contact Jarett Parker; Email: [email protected].

Brunswick – A 14.621-acre parcel located at the intersection of Jefferson Pike and Burkittsville Road is available. Area retail includes Sheetz, McDonald’s, A&P and Brunswick Crossing. Area demographics include a population of 60,386 within 10 miles earning $93,366 as the average household income. For details, contact Gibraltar Management Co., Inc., 150 White Plains Road, Tarrytown, NY 10591; 914-631-6200; Web site: www.gibraltarmgt.com.

Easton – Easton Plaza, a 151,959 sq.ft. center located on Marlboro Avenue, has spaces available of 4,500 sq.ft. and 5,254 sq.ft. Cotenants include AT&T Mobility, H&R Block, Rite Aid, Sherwin Williams and Girardi Bros. Furniture. Hagerstown – Longmeadow Shopping Center has spaces available of 800 sq.ft.; 1,455 sq.ft.; 1,954 sq.ft.; 7,500 sq.ft.; 10,420 sq.ft. and 24,000 sq.ft. Area retail includes Lowe’s Home Improvement, Weis Market, Home Depot, Marshalls, Wal*Mart, A.C. Moore, Bed Bath & Beyond, PetSmart and Pier 1 Imports. Ocean City – Ocean City Square, located on Coastal Highway, has space available. Food Lion anchors the center and cotenants include CVS and U.S. Postal Service. Walkersville – Discovery Crossing, a 57,000 sq.ft. center located on Woodsboro Pike, has space available. Bloom anchors the center. For details regarding the Easton and Walkersville properties, contact John Marigliano or Josh Weiner, Thur & Associates, 8260 Greensboro Drive, Suite 270, McLean, VA 22102; 703-879-4964/4977; Emails: [email protected] and [email protected]; Web site: www.thurassociates.com. For details regarding the Hagerstown and Ocean City properties, contact John Marigliano or Shary Thur; 703-847-0865 or 202-359-3469; Email: [email protected].

NAI San Diego (619-497-2255) negotiated a five-year lease with CrossFit Invictus for 5,000 sq.ft. along Columbia Street in San Diego, CA. The company represented the landlord, Dunham & Associates, and the tenant in this transaction.

Goodman Real Estate Services Group, LLC (216-381-8200) negotiated a lease with The North Face for space at Eton Chagrin Boulevard, a 330,000 sq.ft. lifestyle center located along Chagrin Boulevard in Woodmere, OH. The tenant joined Barnes & Noble, Trader Joe’s, Anthropologie, Smith & Hawken and Sur La Table. The company, along with Cushman & Wakefield, represented the tenant in this transaction.

Michael Salove Co. (215-568-2600) negotiated a lease with Qdoba Mexican Grill for 2,500 sq.ft. along West Germantown Pike in Plymouth Meeting, PA. The tenant is slated to open during the fall.

NAI Friedland Realty (914-968-8500) negotiated a lease with IHOP for 5,000 sq.ft. at Cross Bronx Plaza, located along East 174th Street in Bronx, NY. The company represented the tenant in this transaction. The company also negotiated a lease with Marisco Centro for 3,700 sq.ft. at Gateway Center at the Bronx Terminal Market, located in Bronx, NY. The company represented the tenant in this transaction. Ripco represented the landlord in both transactions.

Cafaro Co. (330-747-2661) negotiated leases with Sugar Ray’s BBQ for 600 sq.ft., Yankee Candle Co. for 1,321 sq.ft., Domes for 1,210 sq.ft. and Verizon Wireless for 1,321 sq.ft. at Kennedy Mall, a 697,000 sq.ft. mall located in Dubuque, IA. Domes, selling name-brand hats and accessories, is scheduled to open in March along with Sugar Ray’s BBQ and Yankee Candle Co. Verizon Wireless is slated to open during April. The mall is currently in the final phase of a major renovation. The company represented the landlord in the transactions.

Saugatuck Commercial Real Estate, LLC (203-222-4190) negotiated leases with: AT&T Mobility for spaces in Greenwich and New Milford, CT; Massage Envy for spaces in Glastonbury, CT and Cranston, RI; Robeks for space at High Ridge Plaza in Stamford, CT; Crumbs for spaces in New Canaan and Westport, CT in addition to High Ridge Plaza in Stamford, CT; Ace Hardware for space in Rowley, MA; Family Dollar for space in Hamden, CT; Liberty Bank for space in Cromwell, CT; Emerald City Smoothie for space in South Windsor, CT, and SBK Nail Salon for space in Norwalk, CT.


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Hagerstown – Long Meadow Shopping Center, a 243,000 sq.ft. center located at the intersection of Route 60/Potomac Avenue and Northern Avenue, has space available along with a pad site. Cotenants include Ashley Furniture, CVS and PA Dutch Market. For details, contact Thomas G. Mirandi, RD Management, LLC; 212-265-6600 Ext. 239, Fax 212-265-8250; Email: [email protected].

Landover – Landover Crossing has spaces available from 2,000 sq.ft. to 119,244 sq.ft. Pocomoke City – East Town Plaza has a 3,000 sq.ft. space available. For details, contact Vijay K. Shah, Rivercrest Realty Investors, 8816 Six Forks Road, Suite 201, Raleigh, NC 27615; 919-518-2000; Email: [email protected]; Web site: www.rivercrestrealty.com.

New Jersey

East Rutherford – Lowe’s Shopping Center, a 181,294 sq.ft. center located at the intersection of Route 17 North and Route 120/Paterson Plank Road, has a divisible endcap space available of 4,004 sq.ft. Marlton – Tri-Towne Plaza, a 176,519 sq.ft. center located at the intersection of Plymouth Drive and Route 70, has space available. Sears Essentials and Superfresh anchor the center. Old Bridge – A&P Shopping Center, a 64,920 sq.ft. center located at the intersection of Route 9 and Ferry Road, has space available. Vineland – Vineland Marketplace, a 273,657 sq.ft. center located at the intersection of Route 47/Delsea Drive and College Drive, has outlots available. Williamstown – Williamstown Shopping Center, an 85,000 sq.ft. center located at the intersection of Route 42/Black Horse Pike and Main Street, has an anchor space available. CVS and Fashion Bug anchor the center. For details, contact Thomas G. Mirandi, RD Management, LLC; 212-265-6600 Ext. 239, Fax 212-265-8250; Email: [email protected].

Gloucester Township – Marketplace at Chews Landing, a 147,000 sq.ft. strip center, has a 3,150 sq.ft. space available along with a 2,700 sq.ft. pad site. ShopRite and Dunkin’ Donuts anchor the center. Cotenants include Ace Hardware and Blockbuster Video. Area draws include Camden County College. Area demographics include a population of 797,459 within 10 miles. Lakewood – Shore Plaza, a 13,000 sq.ft. strip center, has a 3,000 sq.ft. space available. Bank of America anchors the center. Area demographics

include a population of 474,880 within 10 miles. Mays Landing – Festival at Hamilton, a power center located at the intersection of Route 40 and Route 322, has spaces available of 1,200 sq.ft.; 1,500 sq.ft. and 2,500 sq.ft. Acme, Dunkin’ Donuts, Jo-Ann Fabrics and Boaters World anchor the center. Cotenants include Pier 1 Imports. Area retail includes Hamilton Mall. The average daily traffic count is 41,000 vehicles. Mt. Laurel – Village at Cambridge Crossing, a 108,678 sq.ft. power center located at the intersection of Route 38 and Briggs Road, has a 1,200 sq.ft. space available along with a 1,500 sq.ft. pad site. LA Fitness, Borders and Chico’s anchor the center. Cotenants include Talbots. Area retail includes Centerton Square, Target, Costco and Wegmans. Area demographics include a population of 779,240 within 10 miles. The average daily traffic count is 47,670 vehicles. Toms River – Tri City Plaza, a 108,000 sq.ft. strip center, has spaces available of 4,000 sq.ft.; 4,366 sq.ft. and 8,635 sq.ft. Super Stop & Shop, McDonald’s and Wachovia Bank anchor the center. Cotenants include Arby’s, Little Gym, Hollywood Video and Dollar Tree. For details regarding the Gloucester Township, Lakewood, Mays Landing and Mt. Laurel properties, contact Nicole Johnson, Paramount Realty Services, Inc., 1195 Route 70, Lakewood, NJ 08701; 732-961-8123, Fax 732-886-1690; Email: [email protected]; Web site: www.prs-nj.com. For details regarding the Toms River property, contact Lee Zekaria; Email: [email protected].

New York

Clay – Marketfair North Shopping Center, located on State Route 31, has spaces available of 2,500 sq.ft.; 2,545 sq.ft.; 7,967 sq.ft. and 26,878 sq.ft. A.C. Moore and Staples anchor the center. Cotenants include Oreck, VIP Nails, Artistic Framing, MicroPlay Systems, China Star, Gino & Joe’s Pizza, Lennin’s Jewelers, Eblings Pet Center, Tuesday Morning, Liehs & Steigerwald, Household Finance, CPAP Xpress, Music & Arts, Firestone and Pier 1 Imports. Area retail includes Sears, Kaufmann’s, H&M, Toys “R” Us, Macy’s, Regal Cinema and Dick’s Sporting Goods. Area demographics include a population of 449,682 within 15 miles earning $63,325 as the average household income. For details, contact Shary Thur, Thur & Associates, 8260 Greensboro Drive, Suite 270, McLean, VA 22102; 703-847-0865 or 202-359-3469; Email: [email protected]; Web site: www.thurassociates.com.


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exClusives And leAsing Assignments

NAI Horizon (602-955-4000) represents the following retailers with their expansion plans throughout AZ: Benihana, seeking pad sites; Cici’s Pizza, seeking sites of 5,000 sq.ft.; Delia’s Cleaners, seeking spaces of 1,200 sq.ft. in grocery-anchored shopping centers; Denny’s, seeking pad sites from 4,500 sq.ft. to 5,500 sq.ft.; Deseret Books, seeking spaces of 4,000 sq.ft.; Discover Rental, seeking sites of 3,000 sq.ft.; Gen X Clothing, seeking sites from 10,000 sq.ft. to 15,000 sq.ft.; Human Bean Coffee, seeking pad sites from 15,000 sq.ft. to 20,000 sq.ft.; IronStone Bank, seeking bank pad sites situated on one to two acres; Just Brakes, seeking pad sites of 25,000 sq.ft.; Kids Can Doodle, seeking sites of 10,000 sq.ft.; Moe’s Southwest Grill, seeking spaces of 2,200 sq.ft.; Molly Brannigan’s, seeking spaces from 6,000 sq.ft. to 8,000 sq.ft.; Native New Yorker, seeking pad sites from 5,500 sq.ft. to 6,500 sq.ft.; NextCare, seeking spaces of 3,500 sq.ft.; NYPD Pizza, seeking sites of 3,000 sq.ft.; Oceanaire, throughout Scottsdale, AZ, seeking sites of 8,000 sq.ft.; Pei Wei Asian Diner, seeking spaces of 3,000 sq.ft.; Performance Bikes, seeking sites from 5,000 sq.ft. to 15,000 sq.ft.; Port of Subs, seeking spaces of 1,500 sq.ft.; RA Sushi, seeking sites of 5,000 sq.ft.; Red Mango, seeking sites from 900 sq.ft. to 1,500 sq.ft.; Rosati’s, seeking sites from 1,200 sq.ft. to 1,500 sq.ft.; Romp ‘n Roll, throughout Scottsdale, AZ, seeking spaces from 3,500 sq.ft. to 4,000 sq.ft.; Tan Factory, seeking sites of 2,400 sq.ft.; Teakwoods, seeking spaces of 4,500 sq.ft.; Wireless Toyz, seeking sites from 1,500 sq.ft. to 2,500 sq.ft., and Zipps Sports Grill, seeking sites of 5,000 sq.ft.

JBG Rosenfeld Retail (301-657-0700) represents Crème de la Crème in their expansion throughout Annapolis, Aspen Hill, Bethesda, Columbia and Gaithersburg, MD and Vurke, Fairfax, Falls Church and Vienna, VA. The company is seeking inline spaces and pad sites of 20,000 sq.ft. with an outdoor play area.

Think Retail (514-731-7936) represents American Apparel in their expansion throughout Canada, utilizing spaces of 3,000 sq.ft. in malls and lifestyle centers.

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Colonie – Kmart Shopping Center, a 118,863 sq.ft. center located at the intersection of Route 7 and Swatling Road, has a divisible 10,000 sq.ft. outlot available. Glenville – A 128,485 sq.ft. former Kmart located at the intersection of Route 50/Saratoga Road and Glenridge Road is available. Holtsville – Island 16 Cinemas Shopping Center, located at the intersection of Nicholls Road and Long Island Expressway, had an outlot available. National Amusements Theater and Chili’s anchor the center. Nanuet – Home Depot Plaza, a 250,000 sq.ft. center located at the intersection of Route 59 and Hutton Avenue, has a pad site available. Home Depot and Staples anchor the center. Staten Island – Lowe’s West Shore Center, a 166,600 sq.ft. center located at the intersection of Interstate 440/Veterans Road West and Arthur Kill Road, has a pad site available. For details, contact Thomas G. Mirandi, RD Management, LLC; 212-265-6600 Ext. 239, Fax 212-265-8250; Email: [email protected].

Staten Island – Coral Island Shopping Center has spaces available from 435 sq.ft. to 2,980

sq.ft. Also, Tottenville Square has spaces available from 1,273 sq.ft. to 4,415 sq.ft. For details, contact Helen Vitaliano, Rivercrest Realty Investors, 8816 Six Forks Road, Suite 201, Raleigh, NC 27615; 718-980-7684; Email: [email protected]; Web site: www.rivercrestrealty.com.

North Carolina

Advance – Kinderton Place has spaces available of 1,309 sq.ft. and 1,787 sq.ft. Chapel Hill – Timberlyne has spaces available from 500 sq.ft. to 2,400 sq.ft. Charlotte – Archdale Marketplace has spaces available of 2,400 sq.ft. and 4,031 sq.ft. Also, Royal Plaza has spaces available from 520 sq.ft. to 6,676 sq.ft. Durham – The Village has spaces available from 1,000 sq.ft. to 11,700 sq.ft. Forest City – Hillside Plaza has spaces available of 2,000 sq.ft. and 25,000 sq.ft. Hendersonville – Highlands Square has spaces available from 2,500 sq.ft. to 4,000 sq.ft. Raleigh – Millbrook Collection has spaces available from 1,225 sq.ft. to 2,150 sq.ft. Shelby – Creekside Plaza has a 3,120 sq.ft. space available. Smithfield – Smithfield Plaza has spaces available of 1,500

sq.ft. and 3,000 sq.ft. Southport – Tidewater Plaza has a 3,000 sq.ft. space available. Taylorsville – A shopping center has spaces available from 1,200 sq.ft. to 8,363 sq.ft. Winston-Salem – Hanes Commons has spaces available of 1,400 sq.ft. and 3,300 sq.ft. For details, contact Vijay K. Shah, Rivercrest Realty Investors, 8816 Six Forks Road, Suite 201, Raleigh, NC 27615; 919-518-2000; Email: [email protected]; Web site: www.rivercrestrealty.com.

Fayetteville – Sycamore Square, a 273,000 sq.ft. center located on Bragg Boulevard, has space available. Food Lion anchors the center and cotenants include USA Discounters and Gold’s Gym. Area demographics include a population of 141,096 within five miles earning $50,427 as the average household income. The average daily traffic count is 35,000 vehicles. For details, contact Nassimi Realty, LLC, 370 Seventh Avenue, Suite 1700, New York, NY 10001; 212-643-8080, Fax 212-643-2626; Email: [email protected]; Web site: www.nassimirealty.com.



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New York New York North Carolina

THE SIMON COMPANIESContact:

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seeking to acquire land for townhouse/apartment development

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in due diligence and any rezoning process.

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near Retail Centers inVA, MD, NC, SC, GA and TN

W A N T E D

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North Carolina North Carolina Virginia(continued from page twenty-eight)Laurinburg – Scotland Crossing, a 203,221 sq.ft. center, has spaces available from 1,050 sq.ft. to 21,690 sq.ft., along with a six-acre outparcel. Food Lion anchors the center and cotenants include Athlete’s Foot, CitiTrends, Cato, RadioShack, GNC and Hibbett Sports. Area retail includes Belk. Pineville – Pineville Towne Market, an 83,499 sq.ft. center, has spaces available from 1,200 sq.ft. to 13,400 sq.ft. Food Lion anchors the center and cotenants include Dollar General, Goodyear and Weight Watchers. For details, contact Jeffrey James or Michael Mahan, Jr., Lamar Cos., 365 South

Street, Morristown, NJ 07960; 877-797-1472 or 973-285-0660, Fax 973-285-9236; Web site: www.lamarcompanies.com.

Virginia

Alexandria – The Trade Center, a 200,000 sq.ft. community center located on South Pickett Street, has spaces available of 2,250 sq.ft.; 4,500 sq.ft. and 5,783 sq.ft. Home Depot anchors the center and cotenants include Gymboree, U.S. Postal Service and Mattress Warehouse. Ashburn – Ashbrook Commons, located at the intersection of Route 7 and Ashburn Village Boulevard, has spaces available of 1,610 sq.ft.; 1,946 sq.ft.; 2,918 sq.ft. and 19,858 sq.ft. Cotenants include Harris Teeter, A.C. Moore, HomeGoods, Klaussner and Mattress Warehouse. Area demographics include a population within five miles earning $157,258 as the average household income. The average daily traffic count is 80,000 vehicles. Blacksburg – First & Main Blacksburg, a 200,000 sq.ft. center located on South Main Street, has space available. All Star Cinema, Books-A-Million, Hibbetts Sports and Blue Ridge Mountain Outdoors anchor the center. Cotenants include Frank Beamer’s Steakhouse, Talbots, Coldwater Creek, Ann Taylor, Jos. A. Bank, Classic Body Salon & Spa, Henebry’s Jewelers, Rack Room Shoes, Bull & Bones Brewery and Chophouse, Sake House of Japan, Sal’s Italian Restaurant, Elderberry Smoothies and Maggie Moo’s. Falls Church – Crossroads Center, a 395,000 sq.ft. power center located at the intersection of Route 7 and Columbia Pike, has a 35,688 sq.ft. space available. Safeway and Best Buy anchor the center. Cotenants include Staples, Bed Bath & Beyond, A.C. Moore, Old Navy, Marshalls and Ross Dress for Less. Area retail includes Seven Corners. Fredericksburg – Central Park, a 2.5-million sq.ft. center situated on 2,400 acres on Carl D. Silver Parkway, has spaces available of 2,000 sq.ft. and 4,402 sq.ft. Cotenants include Star Nails, Teach-n-Staff, Randstand, Total Wine & More and El Agave Mexican Restaurant. Area demographics include a population of 173,750 within 10 miles earning $84,616 as the average household income. Leesburg – Shenandoah Square, located at the intersection of Route 15 and Edwards Ferry Road, has spaces available of 1,400 sq.ft.; 2,500 sq.ft.; 3,176 sq.ft. and 4,000 sq.ft. Wal*Mart anchors the center and cotenants include Discount Vacuum, European Gourmet Bakery, Select Floors & Rugs, Mail Stop, Jolie Nails, Exchange & Jewelry, The Cut Above, Jenny Craig, Domino’s, Taipei Café, Taco Bell, Red Apple Restaurant, Burger King and IHOP. Area demographics include a population of 211,530 within 10 miles earning

$156,648 as the average household income. Manassas – Manassas Crossroads, located at the intersection of Sudley Road and Sudley Manor Drive, has spaces available of 1,063 sq.ft.; 1,164 sq.ft.; 1,537 sq.ft. and 1,541 sq.ft. Cotenants include Walgreens, PNC Bank, Chick-fil-A, Panda Express and Starbucks. Area retail includes Costco and Bull Run Plaza, featuring Shoppers Food, Dick’s Sporting Goods, Office Depot, PetSmart, Ross Dress for Less and Michaels. Springfield – Springfield Commons, a 119,000 sq.ft. power center located on Frontier Drive, has spaces available of 1,500 sq.ft.; 3,000 sq.ft. and 4,500 sq.ft. Home Depot and Borders anchor the center. Cotenants include Party City, Old Navy and T.G.I. Friday’s. Woodbridge – A divisible 3.25-acre parcel located on Old Bridge Road is available for ground lease or build-to-suit. Area retail includes The Glen Shopping Center, Dillingham Square, CVS and Safeway. The average daily traffic count is 40,000 vehicles. For details regarding the Alexandria and Blacksburg properties, contact Shary Thur or John Marigliano, Thur & Associates, 8260 Greensboro Drive, Suite 270, McLean, VA 22102; 703-847-0865 or 703-879-4964; Emails: [email protected] and [email protected]; Web site: www.thurassociates.com. For details regarding the Ashburn, Falls Church, Leesburg and Springfield properties, contact Shary Thur. For details regarding the Fredericksburg, Manassas and Woodbridge properties, contact John Marigliano or Josh Weiner; 703-879-4977; Email: [email protected].

Bluefield – Ridgeview Plaza has spaces available of 2,000 sq.ft. and 30,000 sq.ft. Covington – Riverbend has a 2,800 sq.ft. space available. Harrisonburg – Garbers Crossing has a 2,400 sq.ft. space available. Martinsville – Mountainview Plaza has spaces available from 3,000 sq.ft. to 9,000 sq.ft. Radford – Peppers Ferry Centre has a 1,600 sq.ft. space available. South Boston – A shopping center has a 1,200 sq.ft. space available. For details, contact Vijay K. Shah, Rivercrest Realty Investors, 8816 Six Forks Road, Suite 201, Raleigh, NC 27615; 919-518-2000; Email: [email protected]; Web site: www.rivercrestrealty.com.

Chesapeake – Edinburgh Commons, an 850,000 sq.ft. regional center located at the intersection of Route 168/Chesapeake Expressway and Hillcrest Parkway, has space available. Target, Home Depot and Wal*Mart anchor the center. Cotenants include Kay Jewelers, Payless ShoeSource, Athlete’s Foot,

Chick-fil-A, Bank of Hampton Roads, Claire’s, Wawa and Wendy’s. Virginia Beach – Red Mill Commons and Red Mill Walk, two adjacent centers totaling 1.014 million sq.ft. situated on 150 acres at the intersection of Nimmo Parkway and Upton Drive, have space available. Wal*Mart Supercenter, Home Depot, Target, OfficeMax, T.J. Maxx, Pier 1 Imports and Michaels anchor the centers. Also, Marketplace at Hilltop, a 121,000 sq.ft. specialty center, has space available. Williamsburg – New Town Shops on Main, a mixed-use center situated on 365 acres, has space available. For details, contact Commercial Real Estate Services, 1081 19th Street, Suite 202, Virginia Beach, VA 23451; 757-491-1990; Email: [email protected]; Web site: www.cres-va.com.

Chesapeake – Parkway Center, located at the intersection of Greenbrier Parkway and Military Trail, has a 5,000 sq.ft. outparcel available. For details, contact Kimberly Hoye, Commerce Group, Inc., 1280 West Newport Center Drive, Deerfield Beach, FL 33442; 954-570-3500, Fax 954-360-0807; Email: [email protected].

Harrisonburg – Skyline Village Plaza, a 187,534 sq.ft. center situated on 17.58 acres

at the intersection of U.S. Route 33 and Evelyn Byrd Avenue, has spaces available from 950 sq.ft. to 3,600 sq.ft. Kohl’s and Martin’s anchor the center. Cotenants include Cici’s Pizza, CitiFinancial, Cash-N-Go, Hollywood Nails, Max Cleaners and ABC Store. Area demographics include a population of 53,995 within five miles earning $58,419 as the average household income. The average daily traffic count is 20,000 vehicles. Roanoke – Towne Square, a 301,689 sq.ft. center situated on 35.7 acres at the intersection of Towne Square Boulevard and Rutger Avenue, has spaces available of 1,200 sq.ft.; 1,542 sq.ft.; 1,764 sq.ft.; 3,000 sq.ft.; 9,550 sq.ft. and 10,157 sq.ft. Sam’s Club shadow-anchors the center. Cotenants include Rebath of Southwest Virginia, Verizon Wireless, Queen Nails, Harry’s Menswear, Woodcraft Supply, Marshalls, Fashion Bug, Mattress Warehouse, Plato’s Closet, Cici’s Pizza, H&R Block, Bed Bath & Beyond, Shoe Carnival, Once Upon a Child, American General Financial Services, Cosmo Pro, Virginia Lottery, Aerus, Studio 7 Salon, Miracle Ear, Advance America, Edible Arrangements, Pete’s Deli, Golden Corral, OfficeMax, Huntington Learning Center, Merle Norman, HFC, NTELOS, ABC Store, Decorators Warehouse, Ross Dress for Less and CitiTrends. Area retail includes

Kroger and Lowe’s Home Improvement. Area demographics include a population of 119,062 within five miles earning $50,190 as the average household income. The average daily traffic count is 18,900 vehicles. Sterling – Potomac Run Plaza, a 361,043 sq.ft. center situated on 38.05 acres at the intersection of Virginia State Route 1010, Bartholomew Fair Drive and Virginia State Route 7, has spaces available of 7,000 sq.ft. and 10,000 sq.ft. Target and Costco shadow-anchor the center. Cotenants include Office Depot, Total Wine & More, The Tile Shop, Ross Dress for Less, Modell’s, Five Below, Jo-Ann Fabrics, Books-A-Million, Michaels, Barbeques Galore, Suntrust Bank, Wendy’s, Outback Steakhouse, Toys “R” Us, Blinds to Go, Ann’s Tailoring & Dry Cleaners, Sally Beauty Supply, Don Pablo’s, Chevy Chase Bank, Friendly’s, Jiffy Lube, Evian Day Spa, Advance Auto Parts, PetSmart, Carter’s, Sleepy’s and Casual Male Big & Tall. Area demographics include a population of 185,786 within five miles earning $137,633 as the average household income. Woodbridge – Smoketown Station, a 495,000 sq.ft. power center located on Prince William Parkway, has a 7,716 sq.ft. pad site available. Cotenants include PetSmart, Shoppers Food Warehouse, Borders, Best


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Buy and Ulta. Area demographics include a population of 202,032 within five miles earning $96,562 as the average household income. The average daily traffic count is 49,000 vehicles. For details, contact Kevin Allen, Kimco Realty, 5485 Harper’s Farm Road, Suite 202, Columbia, MD 21044; 443-367-5124; Email: [email protected]; Web site: www.kimcorealty.com.

Herndon – Dulles Station West, a 180,000 sq.ft. mixed-use center located on Dulles Station Boulevard, has a 900 sq.ft. space available. Area draws include Dulles Airport. Stafford – The North Stafford Shops, a mixed-use center located on Garrisonville Road, has a divisible space of 10,000 sq.ft. available. Also, pad sites from one to three acres along Garrisonville Road are available. Sterling – Richland Business Center, located on Cedar Drive, has spaces available from 1,500 sq.ft. to 2,100 sq.ft. Cotenants include Sleepy’s. For details, contact Glenn Ulick and Edward Goldmeier, Grubb & Ellis, 20 South Charles Street, Suite 902, Baltimore, MD 21201; 410-625-4205/4202, Fax 410-625-1982; Emails: [email protected]

and [email protected].

Richmond – Chippenham Square Shopping Center, a 185,000 sq.ft. neighborhood center located on Midlothian Turnpike, has spaces available of 1,650 sq.ft.; 10,050 sq.ft.; 10,160 sq.ft. and 85,018 sq.ft. Marshalls anchors the center and cotenants include Downtown Clothing, Shoe Show, Rent-A-Center, It’s Fashion, Sam’s Herbal G&T, Sally Beauty Supply, Dollarman Variety, Nail Wrap, USA Flowers, Universal Salon, Restaurante Mexicano and Hair Place. Area retail includes Cloverleaf Mall. Area demographics include a population of 174,287 within five miles earning $53,887 as the median household income. The average daily traffic count is 58,000 vehicles. For details, contact Yasmine Hamad or Brian Glass, Grubb & Ellis/Harrison & Bates, Inc., 6606 West Broad Street, Suite 400, Richmond, VA 23230-1027; 804-788-1000 Ext. 279/207; Emails: [email protected] and [email protected].

Richmond – Food Lion Plaza, located at the intersection of Route 1/Jefferson Davis Highway and Chippenham Parkway, has outlots available. For details, contact Thomas G. Mirandi, RD Management, LLC; 212-265-6600

Ext. 239, Fax 212-265-8250; Email: [email protected].

Richmond – Henrico Plaza, a 250,000 sq.ft. center situated on 26.5 acres on Route 360/Mechanicsville Turnpike, has a 2,178 sq.ft. space available along with three pad sites. Cotenants include Anthony’s Italian Restaurant and Firestone. Area retail includes Big Lots, Food Lion, Home Depot, Wal*Mart Supercenter and Winn-Dixie. Area demographics include a population of 446,176 within 10 miles earning $55,580 as the average household income. The average daily traffic count is 15,140 vehicles. For details, contact National Realty & Development Corp., 3 Manhattanville Road, Purchase, NY 10577; 800-932-7368; Web site: www.nrdc.com.

Roanoke – Tanglewood Mall, a 794,463 sq.ft. regional center located on Electric Road, has space available. Cotenants include JCPenney, Belk, Stein Mart, T.J. Maxx, Kroger, Barnes & Noble, AC Moore and Staples. Trade-area demographics include a population of 177,852 earning $57,065 as the average household income. For details, contact Urban Retail Properties, LLC, 900 North Michigan Avenue, Suite 900, Chicago, IL 60611; 312-915-2000; Web site: www.urbanretail.com.



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(continued from page thirty-one)

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most vAluAble plAyers

Cedar Shopping Centers, Inc. ................................................... Pg. 5

City of Bowie, Maryland ......................................................... Pg. 17

Commercial Real Estate Services .................................................. IFC

Dealmakers, The .............................................................Pgs. 31, 33

DLC Management Corp. ...............................................................BC

Edifice General Contractors .................................................... Pg. 32

Grandbridge Real Estate Capital .............................................. Pg. 31

Jeffery Realty, Inc. ..................................................................... Pg. 3

Lamar Companies ..................................................................... Pg. 7

Lighting Maintenance Incorporated ........................................ Pg. 20

Mall Properties, Inc. ........................................................Pgs. 14, 15

National Interiors .................................................................... Pg. 32

Nielson Claritas ...................................................................... Pg. 10

Park Center LLC ...................................................................... Pg. 28

RD Management LLC ......................................................Pgs. 12, 13

Rivercrest Realty Investors ...................................................... Pg. 11

Simon Companies, The ........................................................... Pg. 28

Stuart Makler & Associates, Inc. .............................................. Pg. 30

TenantSearch .......................................................................... Pg. 29

Wolfson Verrichia Group, Inc. ............................. Pgs. 9, 18, 19, IBC

� Trade Area Facts & Figures� Population 2006 Estimate: 716,870

� Households 2006 Estimate: 273,800

� Average Household Income Exceeds: $90,635

� Daily Traffic Counts: 65,000 VPD

� Primary Trade Area Towns: Chadds Ford,Concordville, Glen Riddle, Granite Run, Media,Newtown Square, Springfield, and Village Green

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New Small Granite 1-28-09:Small Granite 2 1/28/09 9:02 AM Page 1

Doers and Dealmakers

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V I S I T U S A T T H E I C S C M I D - A T L A N T I C I D E A E X C H A N G E - B O O T H 6 3 5

dealmakers magazine | february 20, 2009

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