Shopping Center Digest "The Locations Newsletter"

(continued)

TABLE OF CONTENTSNew and Expanding Shopping Centers

Over 501,000 Sq. Ft. ............................. J359Strolling the Agora ................................... J359Didja Hear??? ............................................ J359Financial/Sales Results ........................... J366New And Expanding Shopping Centers

201,000-500,000 Sq. Ft. ........................ J370New And Expanding Shopping Centers

Up to 200,000 Sq. Ft. ............................ J374Upscale, Specialty, Urban Mixed-Use .... J376Centers With Lease

Space Available .................................... J379Retailers Seeking Space .......................... J381Classifieds ................................................. J384

NEW AND EXPANDING CENTERS OVER 501,000 SQ. FT.(Unless mentioned otherwise, all are enclosed, air-conditioned malls)

Strolling the AGORABy Murray Shor

didja hear...???

©SHOPPING CENTER DIGEST, PO Box 837, Nyack, NY 10960 (845) 348-7000 J3594/27/09

ALABAMAHoover: Construction has begun on$100 million, 600,000 sq. ft. The Groveon 180 acres at I-459 and Hwy 150(See SCD, P. J323); anchors Super-Target 186,000 sq. ft., Lowe’s, Kohl’s,Books-A-Million and Petco, andpossibly Best Buy; project to alsoinclude several other retailers, bankbranches, and restaurants; someretailers expected to open in Oct ‘09,

continuing into ‘10; developer jointventure Apple Development (DerekWeaver), 2921 Cahaba Rd, Birming-

ham, AL 35223, (205) 870-3970,Email: [email protected]

(continued on P. J364)

Many of the oldest and most expe-rienced dealmakers in this industrylike to stress that when the economy isflourishing, or when it is in a deepdecline—as it is now—there are al-ways a largenumber of peo-ple who con-tinue to prosper.Part of it may beattitude, mind-set, or the abil-ity to see oppor-tunity and reactto it.

Each time this industry has hit badtimes, there has been a contraction inthe number of active developers andretailers; then new companies have

formed to replace them, grown to im-pressive proportions, and all—tenants,

A new industry group dealingwith leasing and development inshopping centers has been formedon LinkedIn for subscribers to Shop-ping Center Digest, announced Edi-tor-Publisher Murray Shor.

“The purpose of the group is toprovide another way for industrydealmakers to network, share in-formation, and sound off on sub-jects they feel strongly about. Thisis the foundation of the Strollingthe Agora column in the April 6issue, expanding on the effort byretailers to cut costs by limitinghours and days at the store level.”

Invitations were emailed to allsubscribers to Shopping Center Di-gest. “However, many subscribers,”said Shor, “have not given us theiremail addresses and cannot receivethe invitation.

“If you are a subscriber andhave not received an invitation, and

would like to,” he said, “pleaseemail me at [email protected] or write me with your emailaddress at Shopping Center Digest,P.O. Box 837, Nyack, NY 10960 sowe can process the request.”


RETAILERS SEEKING SPACEPage J381-J383

Subscribers May Join New Industry Group

Vol. 38, Nos. 8 & 9

Published Twice Each Month

April 27, 2009

Murray Shor - Editor & Publisher (845) 348-7000, (800) 211-6858

$349 per year

"TheLocations

Newsletter"

ICSC CONVENTION ISSUEBox 837

Nyack, NY10960

In an effort to pay off its debts,Kimco Realty Corp, which ownsstakes in 1,950 shopping centers glo-bally, will sell 70 million shares of its

stock totaling roughly $500 million...Ramco-Gershenson PropertiesTrust is looking for ways to increaseits shareholder value and has begun toreview options including "potentialfinancing and restructuring transac-tions, assets sales, and strategic trans-actions with third parties," includingalternatives to a potential acquisitionby Equity One; the Farmington Hills,

• A&W Canada• American Apparel• AutoZone• Best Buy• Big Lots• Chipotle Mexican Grill• Costco Wholesale• Denny's• Finish Line• Freshii (formerly Lettuce)• Giant Food Stores• Guess• Hennes & Mauritz (H&M)• Lowe's Home Improvement• Original Joe's Restaurant and Bar• Papa Murphy's International• Target and SuperTarget• VF Outlet• Wegman's Food Markets• Williams-Sonoma• Winn-Dixie Stores

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Strolling the AGORA(continued)

landlords, those servicing the indus-try—have become even more success-ful. Even in this, the deepest downturnsince the Great Depression, we seesigns that the industry will revive andthat though many existing companieswill disappear, others are expected totake their place, and that current op-erators may grow even bigger becauseof the opportunities available.

It is not a contradiction, say some,that many operators will expire, otherswill grow larger, and new companieswill be entering the field.

“We can’t talk of troubled compa-nies,” said one respected consultant,“without pointing to General GrowthProperties [a victim of $27 billion indebt due to past acquisitions and whohas missed several bond payment] whois trying to sell off some of its assets.And we see that Simon Property Groupand Kimco Realty are selling stock topay off their debt and put themselvesin a better financial position.”

Under-Valued PropertyThis also means, he continued,

that with the drop in value on realestate, “some properties are substan-tially under-valued and could be pickedup by these and other landlords andinvestors. The trend, therefore, is forlarge, successful developers to growlarger, and smaller operators now offthe radar, to join the mainstream.”

Alex Kopicki of Manekin LLC,traces GGP’s problems to its highlyleveraged purchase of The Rouse Com-pany. “I don’t think that anyone wouldconsider this consolidation (in hind-sight) a positive result of the last posi-tive real estate cycle. While this is areal estate industry trend on the owner/developer end I believe that you couldmake some similar comparisons onthe retailers end, i.e-Rite Aid. At theend of the day, the world is cracked,large or small, there will be opportu-nity for those who know where to takeadvantage of those imperfections.”

One smaller, Midwest developeris very concerned about larger land-lords moving into his market. “I havea dominant center in a limited area. Ifa guy with big pockets acquires a small

strip down the road, he has the re-sources to expand it, upgrade the ap-pearance and tenant list, knock me outof the game. I don’t have the dollarsavailable to acquire that competitor toprotect my project.”

John Fox of Fox Real Estate Advi-sory believes that “strip center space isripe for consolidation, but needs somecapital to free up to help make it hap-pen. Equity One and Ramco-Gershenson [a pending acquisition-merger] is an example. You are goingto see more of this. The time has comefor more consolidation like what yousaw in malls in the 1990s.”

New Companies FormedAlong these lines, a West Coast-

based developer noted that new com-panies have been formed recently toacquire distressed real estate, “andexisting, experienced operators haveestablished divisions to advise inves-tors for this purpose, or to buy on theirown. There will be great opportunitiesfor third-party management and land-lords from other areas to expand intoshopping centers and retail.”

James Dearsley, European salesmanager of Atlas International, doesnot consider himself an expert but “Iexpect that companies move in similarways. Certainly in the Residentialworld we have seen this happen with alot of smaller or [larger] companiesthat have leveraged themselves terri-bly, already disappear from the mar-ket. Personally I think that it is alwaysgood in our industry as it removes thedead wood and allows clients to dealwith the solid and trustworthy custom-ers. As the markets stagnate it bringson the ethos of Darwin with the stron-gest surviving and probably, becauseof an increase in market share, doingquite well.”

He pointed out that “As marketsrecover, smaller companies will againenter the market and keep the big boyson their toes and giving them a welltimed push to change once more toadapt to changing environments…Iwonder how the property industrywould be now had it not been for thesmall start up companies back in the

early 00’s who relied on the Internet...”Along the lines of changing envi-

ronments, as vacancies increase inshopping centers of all sizes, one ofthe leading trends are the changes tak-ing place in the tenant lineup and mer-chandise mix at the high end of theretail scale. With luxury-based retail-ers suffering as cash-starved consum-ers shop more extensively at thecounters of discounters and dollarstores, some real estate specialists arebasking in the glow of being on thereceiving end.

Said one Midwest discounter, “Ihave to admit, I’m enjoying now beingcourted by some landlords whocouldn’t bother to return my phonecalls just a year or so ago.”

With the closings of Circuit City,Linen’s n Things, Steve & Barry’s,there are substantial big-box units be-coming vacant, and being convertedto different uses: broken up into smallerstores, turned into offices, spas andgyms, churches, schools, and the like.

Restaurants, Fast-FoodRestaurants are hurting now,

caused in part by a substantial over-building in many markets—except inlimited area for casual dining and fastfood outlets. Such operators as PaneraBread, Buffalo Wild Wings, Chili’sGrill & Bar are taking advantage of theclosings of competing outlets to ex-pand into these units quickly and withbetter deals. Not all, however.

Chris Arnold of Chipotle Mexi-can Grill said that many of these loca-tions are sub-par. “We’re finding thatpeople who are closing restaurants tendto close bad locations and keep thegood ones. We’re not willing to makeconcessions.”

An interesting sidebar on this is-sue is that a large number of the grow-ing unemployed are unable to findjobs. Some have decided to hire them-selves, either as entrepreneurs becom-ing Moms and Pops in the retail indus-try, or buying a franchise. A goodnumber are turning to franchises in thefast-food category, one of the easiestniches to enter.

(continued)

J362 ©SHOPPING CENTER DIGEST, PO Box 837, Nyack, NY 10960 (845) 348-70004/27/09

Amoung those expected to growdue to new franchisees are Olive Gar-den, Subway, McDonald's, BurgerKing, Panda Express, etc.

Bargaining PowerSize, whether it’s a tenant or a

landlord, is one of the most importantelements in any negotiation.

Ira Meislik & Meislik said that“Almost everything being a questionof ‘bargaining power,’ the current eco-nomic turmoil has caused some strongshifts in the balance. Today, moneyissues are getting more difficult…Ournational tenant clients are being mostsuccessful where they occupy mul-tiple locations with the same landlord.That allows for horse trading withoutgiving up very much.”

This has always been one of thebuilding blocks of this shopping cen-ter/retail chain industry, and it worksfor the developer with many shoppingcenters, and the tenant looking totiedown locations in several differentmarkets.

Though the behemoth landlordsmay, normally, provide themselveswith overwhelming leverage in nego-tiations, an established relationshipmay work also to the benefit of the tenant.

One Southern-based apparel chainstressed that dealing with that type ofa property owner can be “very helpfulwhen we expand into a new market ortry out a new concept in secondary ortertiary markets. This relationship canbe a win-win with our getting short-term leases, especially if the landlordhas a large number of vacancies sohe’s willing to work with us.”

One national retailer stressed thatthis is an ideal time for all in theindustry to be creative, to try some-thing different, to take chances. “Onedeveloper I know,” he said, “is tryingout a water-park in a vacant big-boxstore, ala West Edmonton Mall inCanada. With all the vacancies, if itworks, great. If it doesn’t, what haveyou lost, are you worse off?”

After The RecessionOne leading developer conceded

that he and other landlords have cutback and delayed “substantially” nu-merous new projects and expansionsbecause of the economy. “And, yeah,most economists and authorities arestressing that it will take years for us to

get out of this deep hole.“However,” he stressed, “even if

we have too many centers, too manystores, and that we’ve reached satura-tion in too many markets, all the pre-

MI-based real estate investment trustowners 89 shopping centers with 20.1million sq. ft. of leasable space through-out MI, FL, GA, OH, WI, TN, IN, NJ,VA, SC, NC, MD and IL...John P.Kyle has joined the Washington, DC,office of Cresa-Partners as Sr VP;previously, Kyle was with Studley...Cosi, which operates 97 fast-casualsandwich shops and franchises 48 oth-ers had formed a special committee ofdirectors and financial advisers to re-view various strategic alternatives, in-cluding its sale; it has decided to re-main a public company...The 55-unitdepartment store chain, Gott-schalks,has agreed to the proposed liquidationof certain of its assets including fur-nishings, trade fixtures, and equipmentby a joint venture of SB CapitalGroup, LLC, Tiger Capital Group,LLC, Great American Group, LLCand Hudson Capital Partners, LLC...The Sembler Co hired Seth Laytonas VP-asset management in its St. Pe-tersburg, FL office; previously Laytonwas VP of the Florida region of KimcoRealty...Bi-Lo, LLC has filed a volun-tary Chapter 11 petition and has re-ceived a commitment for $100 millionin financing; it will remain open andoperations will continue without inter-ruption until it is able to exit bank-ruptcy...Wendy Supino has beennamed senior investment advisor inthe retail services division of SperryVan Ness/Paradigm CommercialReal Estate Group of Lake Mary, FL;previously, Supino was with BatteriesPlus...Simon Property Group, whichoperates more than 300 malls, is sellingover 17 million shares of common stockat $31.50 per share, with expectations ofraising $1.2 billion to repay some of itsdebt and, perhaps, acquiring some dis-tressed malls...Over the next 18 months,Deerfield, IL-based Walgreens will be-gin a massive renovation of 35 of itsexisting stores, by introducing a cus-tomer-centric retail project (CCR) for-

dictions are that we’re having a surgein population. Where are they going tobuy their necessities? The internet willsatisfy only a part of that potentialincrease.”

(continued from P. J359)

didja hear...???mat, by streamlining assortments andopening up more space for skincare andcosmetics, with an eye to chainwideconversion...Almost a full year after itsformer parent company, ViCorp Inc,filed for Chapter 11, The Village Innand Bakers Square restaurant chainshave been sold to American Blue Rib-bon Holdings LLC; currently there are267 Village Inn and Bakers Square res-taurants in 25 states...Sleepy’s, theindustry’s largest mattress retailer, willacquire the assets of bankrupt 1800Mattress.com and stated it would in-vest in the growth of the telephone-internet-chat retail brand...After unsuc-cessfully attempting to restructure $18million in debt from lender GE CapitalFranchise Finance Corp, Louisville,KY-based Tumbleweed Inc, parent ofthe 37-unit Tumbleweed SouthwestGrill chain, has filed for Chapter 11bankruptcy...Difficulties in financingand leasing have pushed back this year'splanned opening of MeadowlandsXanadu, a 2.3 million sq. ft. shoppingcenter and entertainment complex inEast Rutherford, NJ; in addition, one ofits planned major anchors, Cabela's hasdelayed its opening to '10...Nadel Ar-chitects has appointed Greg Lyon, whohas led the design of many retail andmixed-use to resort and entertainmentdestinations, as design principal over-seeing all six of its western offices; mostrecently, Lyons was with KTGYGroup's Retail/Mixed-Use Studio inSanta Monica, CA...In an effort to lurecash-strapped consumers, Vancouver,BC-based Lululemon Athletica islaunching an e-commerce site and willup its wholesale business to yoga stu-dios and gyms...Diedrich Coffee, Inchas signed a definitive agreement withPraise International North America,Inc, an affiliate of Gloria Jean's CoffeesInternational, for the sale of its GloriaJean's Coffees domestic franchise op-erations, it operates 102 locations in 24-states.

(continued)

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Editor-Publisher................................. Murray Shor, Ext. 201.................. [email protected] Editor............................ Jennifer O'Neill, Ext. 250........ [email protected]... .................................. Ext. 206Shopping Center Digest (ISSN 0885-209X,USPS 112-750) is published twice monthly--except for double issues in February, April,September and December--by Jomurpa Pub-lishing Inc at 20 N. Broadway, Nyack, NY10960—Telephone (845) 348-7000, Fax(845) 348-7011, (800) 211-6858. Subscrip-tion is $349 per year. Periodical postagepaid at Nyack, NY, and additional mailingoffices. Our e-mail address isscdigestshopping centers.com. Visit ourhome page at www.shoppingcenters.com.Postmaster: Send address changes to Shop-ping Center Digest, PO Box 837, Nyack,NY 10960. Copyright © Jomurpa Publish-ing Inc 2002. All rights reserved. To protectits copyright, Shopping Center Digest re-quires subscribers to obtain written permis-sion to reprint, not photocopy, any part ofits issues. For written permission to reprintpublished material, contact the editor at(845) 348-7000. Legal photocopies may bemade only through the Copyright ClearanceCenter (CCC) at 222 Rosewood Dr, Danvers,MA 01923, USA, (508) 750-8400, Fax (508)750-4744.

Tel: (845) 348-7000

"The Locations Newsletter"

(continued from P. J359)and Kimco Developers, Inc, 3333 NewHyde Park Rd, New Hyde Park, NY10042-0020, (516) 869-9000, www.kimcorealty.com.

ARIZONALake Havasu City: Newest signedtenant Republic of Couture to open inMay at 750,000 sq. ft. Shops at LakeHavasu currently under constructionon 150 acres at 5061 State Hwy 95 inMohave County (See SCD, P. J319);anchors Dillard’s 98,080 sq. ft.,JCPenney 104,430 sq. ft., Wal-MartSupercenter 201,821 sq. ft., and a 10-screen UltraStar Cinema 43,254 sq.ft.; in addition, Famous Labels andMichael Arts & Crafts to open laterthis year and Downey Savings to openin one of the seven outparcels sur-rounding the complex; existing ten-ants include Aeropostale, ChicagoGrill, Gamestop, PetSmart, SallyBeauty Supply, and Tropical SmoothieCafe; parking 3,900 cars; openedspring ‘08; population 210,000; aver-age household income $51,065; de-veloper Wolford Development (Clint

Wolford), Brabson Place, Ste. 200, 412Georgia Ave,Chattanooga, TN 37403,(423) 874-0811 [email protected].

CALIFORNIAWoodland: Construction continues asmany stores including anchor tenants,Target and Costco, are opening at550,000 sq. ft. Woodland Gatewaypower center on 55 acres at SE cornerof I-5 County Rd 202 in Yolo County(See SCD, P. H494); in addition, BestBuy, Pet Extreme, Famous Footwear,and In-N-Out Burger were set to openthis month; population 132,684;average household income $68,919;developer Petrovich DevelopmentCompany (Paul Petrovich), 5046Sunrise Blvd, Ste. 1, Sacramento, CA95628-4945, (916) 966-4600.

FLORIDAClearwater: $12 million overhaul mayhave already begun on 1.2 million sq.ft. Westfield Countryside on 80 acresat U.S. Hwy 19, SR 580, and Country-side Blvd in Pinellas County (See SCD,P. G686); project to include new white,polished porcelain and carpeted floors,more skylights and new energy-efficeint lighting; food court, and kids'play area; in addition, all escalatorswill be replaced and/or relocated;anchors Macy’s, JCPenney, Dillard’s,and Sears; 170 stores; parking 6,000cars; opened ‘75; population 508,909within 10 miles; average householdincome $58,173; developer WestfieldCorp, 11601 Wilshire Blvd, 12 Fl, LosAngeles, CA 90025-1748, (310) 478-4456, www.westfield.com.

GEORGIACanton: Several big-box storesincluding SuperTarget, Lowe's, Kohl's,Bed Bath & Beyond and Best Buy mayhave already opened at $120 million,800,000 sq. ft. Canton Marketplace atI-575 and GA 20 in Cherokee County(See P. J337); center will include atotal of 13 big-box retailers and is partof a 400-acre master plan that includesa regional hospital; population 57,634within seven miles; average householdincome $74,056; developer SemblerCo (Jeff Fuqua), 1450 S Johnson FerryRd, Ste. 100, Atlanta, GA 30319, (404)847-1800, Email: [email protected].

ILLINOISMatteson: Developer asking Village

Board to borrow $10 million for aplanned 41,000 sq. ft. expansion andother improvements to the 990,000 sq.ft. Lincoln Mall on 75 acres at U.S. 30and Cicero in Cook County (See SCD,P. I846); anchors Carson Pirie Scott,Sears, Target, and JCPenney; 97 stores;parking 5,412 cars; opened ‘73;population 157,803 within five miles;average household income $61,776;developer Realty America Group c/oFreehold Capital Advisors, Ltd (TracyMunno), Lincoln Mall, 208 LincolnMall, Matteson, IL 60443, (708) 747-5600, Email: [email protected]; leasing The AndrewShedlin Co, Inc, 1014 Sheridan Rd,Highland Park, IL 60035, (847) 433-3400, Email: [email protected] Lenox: Water and sewer workcompleted and construction pushedback to ‘10 for 1 million sq. ft. CedarCrossings on 175 acres at on the S sideof U.S. Rt 6, W of Cedar Rd and thenew I-355 extension (See SCD, P.J269); anchor Meijer 156,000 sq. ft.;developer Zaremba Group LLC (GaryHough), 14600 Detroit Ave, Ste. 1500,Cleveland, OH 44107-4207, (216)221-6600, Email: [email protected].

MASSACHUSETTSBraintree: A 150,000 sq. ft. Nordstromis currently under construction at 1.1million sq. ft. South Shore Plaza on109 acres at Rts 93 and 128, off Exit 6in Norfolk County (See SCD, P. J103);project to also include the addition of40 upscale retail shops including arecently opened Love Shack chocolateshop, Lego, Zumiez, and ShrimpMarket; in addition, Massage Master,Clark Shoes and Portrait Simple willsoon open; anchors Macy’s, Lord &Taylor, Sears, Filene’s Basement; 151stores; parking 7,388 cars; opened ‘61;population 983,113 within 10 miles;average household income $85,881;developer Simon Property Group, Inc,National City CenterP.O. Box 7033,Indianapolis, IN 46207, (317) 636-1600, www.simon.com.Gardner: Construction could begin in‘11 on 660,000 sq. ft. mall at Rts 2 and140; center to include 580,000 sq. ft.of retail space with a movie theateralong with another 70,000 sq. ft. areafor professional office, medical, and


EXPANDING RETAILERS

FABRIC / CRAFTS

Jo-Ann Fabrics and Crafts and Jo-Ann Superstores

div. of Jo-Ann Stores, Inc of 5555 Darrow Road,

Hudson, OH 44236; currently operating 642 Jo-Ann Fab-

rics and Crafts and 172 Superstores in 47 states; plan to

open one 25,000 sq. ft. Jo-Ann store and five 35,000 sq. ft.

Superstores next year. David Holmberg, EVP of Store Op-

erations and Real Estate, (330) 656-2600, Fax (330) 463-

6660, Email: [email protected].

FOOD, CANDY, ICE CREAM

A&W Canada

of 35 Wootten Way N, Markham, ON L3P 3V3;

currently operating 670 restaurants throughout Canada;

locations sell burgers, french fries, onion rings, salads, hot

dogs and chicken sandwiches; plan to open 24 sites per

"EXPANDINGRETAILERS"

2009 From

LEADING RETAILERS

(Directory of Major Malls 28th Edition)

APPAREL

GOODY’S

Div. of: Goody’s Family

Clothing, Inc.

Stephen D. Cauthen

Director of Real Estate

400 Goody’s Lane

Knoxville, TN 37922

Ph: (865) 966-2000

Fax: (865) 777-4210

[email protected]

www.goodysonline.com

Units of Operation: 383

H & M

Loni L. Shepherd

Real Estate Manager, East

Coast

47 W. 34th Street

3rd Floor

APPAREL

J. CREW

Holly Cohen

Vice President of Real Estate/

Planning & Construction

770 Broadway 12th Fl

New York, NY 10003-1004

Ph: (212) 209-2719

Fax: (212) 209-4705

[email protected]

www.jcrew.com

Units of Operation: 158

Retail;

45 Factory

LEVI’S

Div. of: Levis Strauss & Co.

Meredith Wheeler

Real Estate Manager - Retail

Levi Strauss & Co.

1155 Battery Street

San Francisco CA 94111

Ph: (415) 501-1250212)ONLY $75 to paidsubscribers to ShoppingCenter Digest –pre-paid

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• Profiles the leading andexpanding chains reported on theprevious year

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Financial/Sales Results(Figures are compared to previous year’s unless stated otherwise)

Jacksonville, FL-based SteinMart, Inc reported total sales for themonth ended April 2 fell 2.4% to$135.3 million and same-store salesfell 1.4%. The company operates 276stores...For the month of March, Lim-ited Brands, Inc reported net sales of$646.2 million compared to $733.2million and comparable store sales fell9%; the company operates 3,011 storesthrough Victoria's Secret, Pink, Bath& Body Works, C.O. Bigelow, LaSenza, White Barn Candle Co, andHenri Bendel...Maternity apparel re-tailer Destination Maternity Corp an-nounced sales for the month of Marchfell 11.1% to $48.6 million from $54.6million and same-store sales fell7.6%.... For the fiscal year ended Jan4, Blockbuster Inc reported domesticsame-store sales increased 6.4%; do-mestic same-store rental revenues in-creased 1.2% and same-store retailrevenues increased 37.4%... Amarillo,TX-based Hastings Entertainment,Inc, a multimedia entertainment re-tailer reported net earnings for thequarter ended Jan 31 were $4.1 mil-lion compared to $5.8 million...SonicCorp, which operates more than 3,500drive-ins nationwide, said net incomefor the second quarter was $8.7 mil-lion, down from $9.3 million in thesame quarter last year...For the 13-week period ended Jan 31, Kirkland'sreported net sales of $133.6 millioncompared to $138.3 million and com-parable store sales were up 5.3%; forthe 52-week period ended Jan 31, thecompany reported $391.3 million innet sales compared to $396.7 millionand same-store sales increased 3.6%...Lululemon Athletica announcedsales for the quarter ended Feb 1 fellslightly to $103.9 million from $104million; the Vancouver, BC-basedactivewear company operates 113stores...The Foothills Ranch, CA basedThe Wet Seal Inc reported net incomefor the three months ended Jan 31 fellto $4.3 million from $12.2 million andrevenue receded 13.7% to $154.9 mil-lion; comparable store sales fell13.4%...For the month ended April 4,teen-apparel retailer, Aeropostale, Incsaid net sales increased 13% to $160.5

million, from $141.8 million and same-store sales were up 3%...Brinker In-ternational estimates its earnings forthe third quarter will be 44 to 45 centsper share, compared with last year’s33 cents, excluding Macaroni Grill;for the quarter special items of minus11 cents per share consisted mainly oflease termination charges...For themonth of March, Wal-Mart Storesannounced total company sales weredown 1.9% to $36.2 billion and totalcomparable store sales were up1.4%...Dollar General Corp, ownedby private-equity firm KohlbergKravis Roberts & Co said revenuerose 11% to $2.85 billion for the quar-ter ended Jan 30 and same-store salesclimbed 9.4%....Latino pizza brand,Pizza Patron announced systemwidecomparable sales increased 10.5% inFeb, up from comparable store sales inJan of 7.9%. The Dallas, TX, basedcompany operated 84 locations in 6states, with more than 40 additionalstores under development...Canton,MA-based Casual Male Retail GroupInc, retail brand operator of CasualMale XL, Rochester Clothing, B&TFactory Direct, Living XL, and ShoesXL announced sales for the quarterended Jan 31 fell 8.1% to $123.1 mil-lion and same-store sales fell 9.3%...Though its profit in the fourth quar-ter fell 18% to $141.4 million, BedBath & Beyond says it was encour-aged that it beat forecasts; revenuedropped .5% to $1.92 billion as same-store sales were down 4.3%...FinishLine reported that its fourth quarterlosses were less than expected andimproved over last year’s deficit; theloss was $1.4 million on income of

$19.6 million, with revenues down4.9% to $364.1 million...For the monthof March, Abercrombie & Fitch re-ported total company net sales fell 29%to $235.1 million and comparable storesales fell 34%. The company operates350 Abercrombie & Fitch stores, 208abercrombie stores, 508 Hollister Costores, 29 RUEHL stores, and 16 GillyHicks stores in the U.S....Forest CityEnterprises announced that the losslast year was $112.2 million, com-pared with net earnings of $52.4 mil-lion on revenues of $1.29 billion...SanFrancisco, CA-based The GymboreeCorp announced that same-store salesare predicted to reflect a negativegrowth in the range of mid-teens, animprovement from the prior guidanceof negative comparable store salesgrowth of 20% to 25%. The companyoperates 897 retail stores, including617 Gymboree stores, 125 GymboreeOutlet stores, 117 Janie and Jackshops and 38 Crazy 8 stores...For thefour weeks ended March 23, Carl'sJr. posted a 7% drop in same-storessales while sister brand, Hardee's,reported same-store sales were up3.1%...The Cato Corp which oper-ates 1,285 stores in 31 states under theCato and It's Fashion brand names,reported sales for the month endedApril 4 were down 6% to $84 millioncompared to $89.2 million and com-parable store sales for the month fell6%...Borders Group said sales forlast year were $3.2 billion, down 8.8%,and comparable store sales declinedby 10.8%; it stressed that its top prior-ity is to reduce expenses and pay downdebt, which was reduced by $217.8million to $336.2 million.

A Canadian-based company isproviding turnkey marketing toshopping malls and retail storesconsisting of freestanding screen’sthat will provide third-party adver-tising.

A prototype program of built-in digital screens has been operat-ing at Harrods London for 18

months, says Fifteen Degrees CEOIan Collins, and is providing thedepartment store with $3 millionper year from its 100 screens.

Further information may beobtained from Collins at FifteenDegrees, 44 Charles St. West, Ste.1806, Toronto, ON M4Y 1R7, (416)816-9455.

Fifteen Degrees Digital Marketing

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restaurant space along with a visitorcenter for the town; developer Water-stone Retail Development (DougRichardson), 145 Rosemary St, Need-ham, MA 02494, (781) 559-3301,Email:[email protected].

OHIO

Bainbridge Twp.: Two new out-lotsfor restaurants planned for 656,000sq. ft. Marketplace at Four Corners on128 acres at NEC of Hwy 43 andSummit Rd in Geauga County (SeeSCD, P. J341); developer is also goingbefore the zoning board for a plan foranother large anchor store to joinKohl’s, Wal-Mart 76,904 sq. ft.,Marshalls, Dick’s Sporting Goods,Petsmart, Michaels, and Babys R’ Us;37 stores; opened ‘03; population191,304; average household income$49,359; developer McGill PropertyGroup, 125 W Indiantown Rd, Ste.102, Jupiter, FL 33458, (561) 741-6100, www.mcgillpropertygroup.com.Cincinnati: To reflect its change inownership, the 1.5 million sq. ft.Cincinnati Mills has been renamedCincinnati Mall which is on 117 acresat I-275 at Winton Rd in HamiltonCounty (See SCD, P. J298); the newowners are considering some tradi-tional and non-traditional uses for thespace and have considered "condo-miniumizing portions of the pro-

(continued from P. J364) perty...for potential users who haveexpressed interest in this form ofinvestment in the site"; anchors Kohl’s,Burlington Coat Factory, and Bass ProShops; 200 stores; parking 7,677 cars;opened ‘89; population 1.5 millionwithin 20 miles; average householdincome $65,194; developer WhichardReal Estate (Kenneth Wichard), P.O.Box 31062, Raleigh, NC 27622, (919)786-1234.

Cranberry Twp.: Interior and exteriorcosmetic improvements continue on553,000 sq. ft. Cranberry Mall at Rt.19 and Freedom Rd in Butler County(See SCD, P. J349); improvementsplanned for this year include a new setof restrooms to open this spring;anchors Dunham’s Sports, Giant EagleSupermarket, Babies ‘R’ Us, CarmikeCinemas, Kuhn’s Market, Marshalls,Bed Bath & Beyond; 46 stores; parking3,500 cars; opened ‘80; population100,431; average household income$84,022; developer J.J. Gumberg Co(Shane R. Ferris), Brinton ExecutiveCenter, 1051 Brinton Rd, Pittsburgh,PA 15221-4599, (412) 244-4000,Email: [email protected].

SOUTH DAKOTARapid City: Target and Furniture Rowhave joined Gordmans, Scheels, TJMaxx and several other retailers aspart of a new "power center" at 900,000sq. ft. Rushmore Crossing along thesouth edge of I-90 between the La

Crosse St and E North St exits (SeeSCD, P. J325); in addition, Dollar Treeand a potential Office Max wouldanchor an eastward extension of thatstrip of buildings; other potentialtenants include Maurices, FamousFootwear, Pro Image, Jo-Ann Fabrics,Christopher & Banks, The Children'sPlace, Hallmark, and Men's Wear-house; phase one opened ‘08 and thissecond phase will be opening throug-hout this spring; developer MidlandAtlantic Properties (John Silverman),8044 Montgomery Rd, Ste. 710,Cincinnati, OH 45236, (513) 891-2526, Email: [email protected].

CANADA

Victoria, BC: Construction to beginlate summer or early fall on a $60million, 80,000 sq. ft. expansion andupgrade to 425,284 sq. ft. HillsideCentre at Hillside Avenue and Shel-bourne St (See SCD, P. J341); projectto include 20 new stores, with anemphasis on men and women’sfashions; upgrades will includehundreds of new trees and mall islooking towards LEED certification;anchors Zellars, Sears, and ThriftyFoods; 96 stores; opened ‘62; popu-lation 150,000 within 5 miles; averagehousehold income $50,000; developerOPB Realty/20 Vic Mgmt (StanBoniferro), 20 Victoria St, Ste. 900,Toronto, ON M5C 2N8, (416) 681-9021; Email: [email protected], ON: A 250,000 sq. ft. $130million expansion planned for 728,000sq. ft. Bayshore Shopping Centre on26 acres at Richmond Rd and TheQueensway (417) (See SCD, P. H10);mall itself would gain 140,000 sq. ft.to 150,000 sq. ft. of shopping andconcourse space to the east and allowZellers to consolidate its retailoperations on a single floor at groundlevel; anchors The Bay, and Zellers;155 stores; parking 4,000 cars; inaddition, an existing parking structureto be demolished making way for anew four-storey parkade creating 421new parking spots; opened ‘73;population 283,025 within three miles;average household income $66,086;developer Ivanhoe Cambridge, 95Wellington St W., Ste. 300, Toronto,ON M5J 2R2, (416) 369-1200, www.ivanhoecambridge.com.

Reacting to the demands to re-duce operating costs at the storelevel, shopping center owners andretailers have been cutting back onstore hours and and days. This wasthe topic discussed in Strolling theAgora in the April 6 issue of Shop-ping Center Digest.

It was also one of the mainsuggestions by leading dealmakersin the industry in an earlier issue asways landlords and tenants couldcooperate in the face of the currenteconomic crisis. Since then, fromthe larger mall operators down tothose developing and managingstrip centers, the movement hasspread.

Though a requirement in mostmall leases, retailers must agree todays and hours of operation de-manded by owners and managersof the shopping centers. This meansthat many retailers were forced tooperate seven days a week and openearlier, and close later when mostcustomers are not shopping.

Among landlords, this policywas loosened by such major com-panies as Simon Property Groupand Westfield, and such New Jer-sey centers as Bridgewater Com-mons, Menlo Park Mall, andWoodbridge Center; among retail-ers, Best Buy and Dick’s SportingGoods.

Centers, Stores Cut Operating Hours

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NEW AND EXPANDING CENTERS201,000-500,000 SQ. FT.

CALIFORNIALivermore: Planned $156 million,470,000 sq. ft. Prime Outlets Liver-more Valley on 42 acres off I-580, Wof the Livermore Municipal Airport(See SCD, P. J312); construction tobegin once center is 50% leased; anchorNeiman Marcus Last Call 24,000 sq.ft.; 120 stores include Adidas OutletStore, Banana Republic Factory Store,BCBG Maxazria, Coach Factory,Columbia Sportswear, J.Crew FactoryStore, Michael Stars, Sunglass Station,and True Religion Brand Jeans;opening late ‘10; population 8.7 millionwithin 60 miles; developer Prime Retail(Paula Rowland), 217 E Redwood St,20th Fl:, Baltimore, MD 21202-1009,(410) 234-0782, Email: [email protected]: Ground may have alreadybeen broken on 209,000 sq. ft. PlazaPacoima on 17.5 acres at Paxton andSutter Aves, site of the former PricePfister plumbing fixtures manu-facturing plant (See P. J341); anchorCostco 160,000 sq. ft.; plaza will alsoinclude Best Buy, a nearby Lowe’sand 4,000 sq. ft. of retail, restaurantand office space; opening early ‘10;developer Primestor Development(Arturo Sneider), 228 S Beverly Dr,

Beverly Hills, CA 90212, (310) 652-1177, Email: [email protected] Lake: Planned Feather RiverGateway on 57 acres N of Arboga Rd,between Hwy 70 and the still-to-be-built extension of River Oaks Ave inYuba County; center will have spacefor 23 stores, including two big-boxretailers and some restaurants andsmaller stores; developer ColliersMacaulay Nicolls Inc (Gary Gallelli),1400 Rocky Ridge Dr, #150, Roseville,CA 95661-2941, (916) 784-7550,Email: [email protected].

CONNECTICUT

Lisbon: Planned $30 million, 320,000sq. ft. Crossing at Lisbon on 35 acreson Rt 12, S of I-395, and across fromLisbon Landing (See SCD, P. J312);anchors Target and Lowes, and Chili’s;project to also include eight small storesincluding Sleepys; parking 1,377 cars;developer Cedarwood Development(Doug Miller), 1765 Merriman Rd,Akron, OH 44313-5251, (330) 836-9971, www.cedarwoodd.comTorrington: A new Big Y groceryrecently reopened at 231,000 sq. ft.Torrington Parkade at Winsted Rd andRt. 8 in Litchfield County (See SCD,P. J294); in addition, a 154,000 sq. ft.Lowe’s Home Improvement is on trackto open next year; parking 1,077 cars;opened ‘67; population 85,000;average household income $75,000;developer Paragon Management, 276Post Rd W, Ste. 201, Westport, CT06880, (203) 221-7077, www.paragonct.com.

GEORGIA

Woodstock: Proposed 307,000 sq. ft.The Avenue on 39 acres at SE cornerof Woodstock Ave and RidgewalkPkwy in Cherokee County (See SCD,P. J353); 40 stores; project is part ofthe Ridgewalk mixed-use developmentto also include an additional sevenbuildings on 12 acres on the SE cornerof the intersection; developer CousinsProperties Inc, 2500 Windy RidgePkwy, Ste. 1600, Atlanta, GA 30339-5683, (770) 955-2200, www.cousinsproperties.com.

MISSOURI

Rock Hill: A 132,866 sq. ft. Target ispostponing its involvement for at leastnine months at the planned City Centeron 27 acres at NW corner of Manches-ter and McKnight Rds (See SCD, P.J353); city has agreed to a $26 milliontax increment financing; developerjoint venture Hutkin Properties 10829Olive Blvd, Ste. 200, St. Louis, MO63141, (314) 872-9140, www.hutkin.com, and Miller Weingarten Realty,850 Englewood Pkwy, Ste. 200,Englewood, CO 80110, (303) 799-6300,Email: [email protected].

NORTH CAROLINASouthpoint: Developer offers $20.5million for plot of land in theKensington Heights neighborhoodnear the SW corner of Fayetteville Rdand Renaissance Pkwy; possibleanchor Wal-Mart; developer WRSRealty Inc, 1415 Stuart Engals Blvd,Mount Pleasant, SC 29464, (843) 654-7888, www.wrsrealty.com.Wake Forest: Kohl's to open this yearas a second phase expanding 187,682sq. ft. Wake Forest Crossing at WakeUnion Church Rd and Capital Blvd(U.S. 1) in Wake County; existinganchor Lowe’s Food; other tenantsinclude Quizno’s, CiCi’s Pizza, AllWireless, and Sakura; opened ‘05;population 180,000 within 10 miles;average household income $90,961;developer Kahn Development Com-pany (Gerard “Stick” Thibodeaux), 101Flintlake Dr, Columbia, SC 29223,(803) 227-1267, Email: st [email protected].

OREGON

Albany: Once stores are all lined-up,construction could possibly begin in‘10 on a $45 million retail center on 25acres at SW corner of Santiam Hwyand Goldfish Farm Rd (See SCD, P.J339); project to include a 190,000 sq.ft. anchor store (possibly Wal-Mart,Costco, a grocery outlet, or a homeimprovement center); tenants couldalso include electronics stores, clothingoutlets for men, women and children,book stores, coffee shops, restaurants,

Outback Steakhouses hasclosed its nine corporate restau-rants in Canada’s Ontario province,but says this has no relation to anyof its units in other regions.

Steve Nilson, VP of interna-tional marketing, said “each mar-ket is expected to carry itself interms of sales and profits, andOntario specifically has had chal-lenges.”

At the end of last year, thechain had 689 corporate units and107 franchised or joint-venture res-taurants in the US, and 129 corpo-rate and 53 franchised or joint-ven-ture outlets in foreign countries.

Outback SteakhousesCloses Ontario Units


and banks; developer SmartCentres,700 Applewood Crescent, Vaughan,ON L4K 5X3, (905) 760-6200,www.smartcentres.com.

PENNSYLVANIA

East Cocalico: Construction couldbegin by spring ‘09 on a proposed445,000 sq. ft. Cocalico Commons on57 acres bounded by Rt 222, ColonelHoward Blvd, Reamstown Rd andLausch Lane (See SCD, P. J329);anchors Lowe’s 117,000 sq. ft., GiantFoods 76,000 sq. ft. and a third anchorat 124,000 sq. ft. (possibly Target);parking 2,000 cars; stores expected toopen by spring ‘10; developer Bender-son Development Company, 8441Cooper Creek Blvd, University Park,FL 34201, (941) 359-8303, www.benderson.com.York: New owner plans to build aFrank Theaters 13 and bank as part ofits ongoing renovation of 301,500 sq.ft. Queensgate Shopping Center on 35acres at S Queensgate St and Holly-wood Dr in York County; project toalso include new sidewalks andlandscaping and new entrances;anchors Weis Market and The Bon-Ton; 40 stores; parking 2,051 cars;population 340,000 sq. ft. within 40miles; average household income$40,000; developer LMS CommercialReal Estate, 120 N Pointe Blvd, Ste.301, Lancaster, PA 17601-4106, (717)569-9373, www.lms-pma.com

SOUTH CAROLINAClemson: A 137,916 sq. ft. Lowe'sHome Center to anchor a proposedshopping center of up to 350,000 sq.ft. at NE corner of Issaqueena Trailand Hwy 123; in addition, two or threeoutparcels could include a restaurant,drive-through bank, convenience storeand gas station, drug store, or even asingle-strip shopping center with tattooparlor or pawn shop; developerParamount Development, 607 Briar-wood Dr, Myrtle Beach, SC 29572,(843) 361-4433, www.paramountdevcorp.com.

TEXASFort Worth: $12 million in tax breaksOK’d for a planned $46 million,300,000 sq. ft. to 500,000 sq. ft.shopping center at E Berry St and U.S.287; project could include a grocerystore and clothing stores; opening by

‘12; developer Happy Baggett ofSynergy Brokerage, 300 Burnett St,Ste. 150, Fort Worth, TX 76102, (817)885-8800, Ext. 18, Email: [email protected]: A $3 million expansionplanned for co-anchor SuperTarget at339,283 sq. ft. Westchase Mall atWestheimer and Wilcrest Dr in HarrisCounty (See SCD, P. F34); in addition,two-other co-anchors, Randalls FoodMarket and Ross Dress for Less, havealso announced expansions; 24 storesinclude Palais Royal which hasrecently renewed its lease for anotherfive years; parking 1,460 cars;population 183,611 within 3 miles;average household income $73,072;developer Weingarten Realty Investors(WRI), 2600 Citadel Plaza Dr, PO Box924133, Houston, TX 77292-4133,(713) 866-6000, www.weingarten.com.Mesquite: Redevelopment to becompleted by year-end on 396,876Market East on Town East Blvd, nearI-635 in Dallas County (See P. J342);project to include the demolition of anold Target store to be replaced by anew 188,000 sq. ft. SuperTarget; twomore buildings that housed Mervyn'sand Wickes Furniture store will betorn down for new construction;anchors Marshall’s, Kirklands, OldNavy, and Office Max; 62 stores;parking 1,008 cars; opened ‘86;population 273,000 within five miles;average household income $56,722;developer Crestview Real Estate, 8214Westchester Dr, Ste. 850, Dallas, TX75225, (214) 343-4477.

WISCONSINMonona: New owner has begun workon parking lot improvements and willcontinue of new landscaping, paint andother exterior upgrade at 281,043 sq.ft. South Towne Mall on 12 acres at W.Beltline Hwy 12 and S Towne Dr inDane County (See SCD, P. J342); inaddition, 30,000 sq. ft. of vacant spaceinside the main mall area will beremodeled for one or more tenants;anchors Hobby Lobby, Dollar Bill$,Kohl’s, and Shopko; opened ‘83;population 350,000 within 10 miles;average household income $42,000;developer CGCMT 2004-C2 MononaMall c/o Siegel-Gallagher Manage-ment Co (John Matheson), 700 N Water

St, Ste. 400, Milwaukee, WI 53202,(414) 225-9700, www.sg-re.com.

Waukesha: Construction continues on498,000 sq. ft. The Shoppes at FoxRiver on 54 acres along Sunset Dr(former Supervalu distribution center)(See SCD, P. J349); anchors Targetand Pick ‘n Save to open this July; inaddition, there will be more than adozen smaller stores and outparcelsincluding Sonic drive-in, Noodles &Co, CVS and Verizon Wireless;development to also feature a parkwith gazebo and picnic tables; de-veloper Opus North (Jeff Hook), 10350Bren Rd West, Minnetonka, MN55343, (952) 656-4874, Email: [email protected].

CANADABarrie, ON: Initial phase of plannedredevelopment to open prior to the endof ‘09 at 450,000 sq. ft. BarrieFairgrounds on 58 acres at NE cornerof Hwy 400 and Essa Rd (See SCD, P.J166); project to include approximately400,000 sq. ft. of retail space, of which200,000 sq. ft. will be allocated for bigbox retailers; in addition, project toinclude "mini box" type retail space,four potential pad sites ranging from5,000 sq. ft. to 7,000 sq. ft., and smallertenants of 3,500 sq. ft. to 6,000 sq. ft.;population 133,500; average house-hold income $88,165; developerRedcliff Realty (John Kushar), 40University Ave, Ste. 1200, Toronto,ON M5J 1T1, (416) 941-7844, Email:[email protected]

Two subsidiaries of theFatburger quick-service restaurantchain have filed for Chapter 11bankruptcy protection as the parentcompany, Fog Cutter CapitalGroup, struggles with loan defaultnotices.

Both the California and Ne-vada units, which operate 32 res-taurants, filed in US BankruptcyCourt for Central California in LosAngeles.

The chain, with 93 outlets, wasacquired in 2003 by Fog CutterCapital of Portland, OR.

FatBurger SubsidiariesFile For Chapter 11

Conceiving andDevelopingQuality Real Es-tate for 40Years

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

Telephone: 212.935.1330Fax: 212.832.5369

[email protected]

HotelsColumbus, OH (Easton)Hilton Columbus,Courtyard by Marriott,Residence Inn by Marriott

Marco Island, FLHilton Marco Island

Baton Rouge, LACourtyard by Marriott,Residence Inn by Marriott

Fairfax, VAMarriott

C U R R E N T P R O J E C T S

Introducing Peninsula Town Center, Hampton, VirginiaMall Properties is proud to announce the midsummer 2009 opening of PeninsulaTown Center. The modern, energetic mixed-use development features Target,Macy’s and JCPenney, top restaurants, leading specialty shops and office space, aswell as upscale residential units set around beautifully landscaped parks.Mercury Plaza, Hampton, VirginiaOpportunities for anchor and in-line spaces are available now at Mercury Plaza.Located on one of the busiest retail thoroughfares in the Tidewater/HamptonRoads area, the $250 million dollar redevelopment of Peninsula Town Center isexpected to attract even more retail growth to Mercury Plaza, adjacent to thearea’s only Bass Pro Shop.

Akers Mill Square (400,000 sf)—Cobb County, AtlantaBed Bath & Beyond, Sports Authority, Toys “R” Us, OfficeMax, LA Fitness

Cortana Mall (1,650,000 sf)—Baton RougeDillard’s, JCPenney, Macy’s, Sears

Cortana Square & Fringe (370,000 sf)—Baton RougeWal-Mart, Lowe’s, Babies “R”Us, Old Navy, Bed Bath & Beyond, Shoe Carnival, Gui-tar Center, Office Depot

Siegen Lane Marketplace (1,000,000 sf)—Baton RougeWal-Mart, Sam’s, Lowe’s, Bed Bath & Beyond, Old Navy, T.J. Maxx, Kohl’s, Chili’s,Chuck E. Cheese’s, Wendy’s, Courtyard by Marriott, Residence Inn

Sicily’s Plaza (27,500 sf)—Baton RougeSicily’s Italian Buffet, Oreck Vacuum, Honey Baked Hams, GameStop

West Plaza, Glendive—Kmart

The Center at 17, Paramus—Bed Bath & Beyond, T.J. Maxx

Great South Bay (500,000 sf)—Babylon, Long IslandBed Bath & Beyond, Marshalls, Old Navy, Ann Taylor Loft, Panera Bread,Bath & Body Works, The Children’s Place

King Kullen Plaza, Babylon, Long Island—King Kullen, Eckerd Drugs

Manhasset—Crate & Barrel, Abercrombie & Fitch, lululemon athletica, Abercrombie,Victoria’s Secret, J. Crew, Sephora, Bebe, H&M

Northway Mall (600,000 sf)—Colonie (Albany)Target, Marshalls, Jo-Ann Etc, Staples, David’s Bridal, BJ’s Wholesale Club, Petco,Dress Barn, Eddie Bauer Outlet

Parkchester Retail District—Bronx650,000 sf. of Retail Shops with Macy’s, Offices and 12,000 Apartments

Savoy Shops—Third Avenue, 60th-61st Streets, New York City65,000 sf. of Retail Shops on 3 Levels, Dylan’s Candy Bar

St. David’s Square (217,000 sf)—St. David’s, PhiladelphiaT.J. Maxx, Bed Bath & Beyond, HomeGoods, Genuardi’s, Micro Center

Mercury Plaza (350,000 sf)—HamptonBurlington Coat Factory, Texas Steakhouse & Saloon, Cracker Barrel Old Country Store,Wachovia Bank, GNC, Supercuts

Coliseum Square (43,000 sf)—HamptonLane Bryant

ResidentialParkchester, Bronx, NY12,271 Apartments650,000 Square Feet of Retail

Georgia

Louisiana

Montana

New York

Pennsylvania

Virginia

Peninsula TownCenterHampton, Virginiawww.peninsulatowncenter.com

New Jersey

Visit our booth: C1707, 17th Avenue, RECon, Las Vegas

At the Peninsula Town Center, major departmentstores with leading specialty shops and top restaurants willoverlook beautifully landscaped parks, where children canplay and parents can enjoy concerts and cultural arts per-formances. There will be city streets with curbside andconvenient structured parking that also serve office ten-ants and entertainment patrons, and multiple story, multi-family residences, where downsizing baby boomers, youngmarrieds and singles of all ages can establish new homes.

With half a million people within a 20-minute drive of thesite, Peninsula Town Center will be the most desirablenew attraction in Southeastern Virginia and a trend setterfor the nation. It will be the centerpiece of Hampton’s vitalColiseum Central district which has attracted over $1.5billion in commercial, high-tech and high-end residentialdevelopment which will be completed in 2009. Mall Prop-erties is proud to propose this visionary plan for the 21stcentury, a project that by its very scope and ingenuitystares forcefully the company’s desire to remain a trustedcivic partner for decades to come.

Times have changed, but the relationship between Hamp-ton, the Virginia Peninsula and Mall Properties has not. Inconjunction with Steiner + Associates, the nation’s pre-em-inent developers of the town center concept, that relation-ship will continue to evolve and grow through the excitingdevelopment of the Peninsula Town Center.

Introducing

Peninsula Town CenterHampton, Virginia

A Joint venture of

Mall Properties, Inc. and Steiner + Associates

Conceiving andDevelopingQuality Real Es-tate for 40Years

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

Telephone: 212.935.1330Fax: 212.832.5369

[email protected]

HotelsColumbus, OH (Easton)Hilton Columbus,Courtyard by Marriott,Residence Inn by Marriott

Marco Island, FLHilton Marco Island

Baton Rouge, LACourtyard by Marriott,Residence Inn by Marriott

Fairfax, VAMarriott

C U R R E N T P R O J E C T S

Introducing Peninsula Town Center, Hampton, VirginiaMall Properties is proud to announce the midsummer 2009 opening of PeninsulaTown Center. The modern, energetic mixed-use development features Target,Macy’s and JCPenney, top restaurants, leading specialty shops and office space, aswell as upscale residential units set around beautifully landscaped parks.Mercury Plaza, Hampton, VirginiaOpportunities for anchor and in-line spaces are available now at Mercury Plaza.Located on one of the busiest retail thoroughfares in the Tidewater/HamptonRoads area, the $250 million dollar redevelopment of Peninsula Town Center isexpected to attract even more retail growth to Mercury Plaza, adjacent to thearea’s only Bass Pro Shop.

Akers Mill Square (400,000 sf)—Cobb County, AtlantaBed Bath & Beyond, Sports Authority, Toys “R” Us, OfficeMax, LA Fitness

Cortana Mall (1,650,000 sf)—Baton RougeDillard’s, JCPenney, Macy’s, Sears

Cortana Square & Fringe (370,000 sf)—Baton RougeWal-Mart, Lowe’s, Babies “R”Us, Old Navy, Bed Bath & Beyond, Shoe Carnival, Gui-tar Center, Office Depot

Siegen Lane Marketplace (1,000,000 sf)—Baton RougeWal-Mart, Sam’s, Lowe’s, Bed Bath & Beyond, Old Navy, T.J. Maxx, Kohl’s, Chili’s,Chuck E. Cheese’s, Wendy’s, Courtyard by Marriott, Residence Inn

Sicily’s Plaza (27,500 sf)—Baton RougeSicily’s Italian Buffet, Oreck Vacuum, Honey Baked Hams, GameStop

West Plaza, Glendive—Kmart

The Center at 17, Paramus—Bed Bath & Beyond, T.J. Maxx

Great South Bay (500,000 sf)—Babylon, Long IslandBed Bath & Beyond, Marshalls, Old Navy, Ann Taylor Loft, Panera Bread,Bath & Body Works, The Children’s Place

King Kullen Plaza, Babylon, Long Island—King Kullen, Eckerd Drugs

Manhasset—Crate & Barrel, Abercrombie & Fitch, lululemon athletica, Abercrombie,Victoria’s Secret, J. Crew, Sephora, Bebe, H&M

Northway Mall (600,000 sf)—Colonie (Albany)Target, Marshalls, Jo-Ann Etc, Staples, David’s Bridal, BJ’s Wholesale Club, Petco,Dress Barn, Eddie Bauer Outlet

Parkchester Retail District—Bronx650,000 sf. of Retail Shops with Macy’s, Offices and 12,000 Apartments

Savoy Shops—Third Avenue, 60th-61st Streets, New York City65,000 sf. of Retail Shops on 3 Levels, Dylan’s Candy Bar

St. David’s Square (217,000 sf)—St. David’s, PhiladelphiaT.J. Maxx, Bed Bath & Beyond, HomeGoods, Genuardi’s, Micro Center

Mercury Plaza (350,000 sf)—HamptonBurlington Coat Factory, Texas Steakhouse & Saloon, Cracker Barrel Old Country Store,Wachovia Bank, GNC, Supercuts

Coliseum Square (43,000 sf)—HamptonLane Bryant

ResidentialParkchester, Bronx, NY12,271 Apartments650,000 Square Feet of Retail

Georgia

Louisiana

Montana

New York

Pennsylvania

Virginia

Peninsula TownCenterHampton, Virginiawww.peninsulatowncenter.com

New Jersey

Visit our booth: C1707, 17th Avenue, RECon, Las Vegas

At the Peninsula Town Center, major departmentstores with leading specialty shops and top restaurants willoverlook beautifully landscaped parks, where children canplay and parents can enjoy concerts and cultural arts per-formances. There will be city streets with curbside andconvenient structured parking that also serve office ten-ants and entertainment patrons, and multiple story, multi-family residences, where downsizing baby boomers, youngmarrieds and singles of all ages can establish new homes.

With half a million people within a 20-minute drive of thesite, Peninsula Town Center will be the most desirablenew attraction in Southeastern Virginia and a trend setterfor the nation. It will be the centerpiece of Hampton’s vitalColiseum Central district which has attracted over $1.5billion in commercial, high-tech and high-end residentialdevelopment which will be completed in 2009. Mall Prop-erties is proud to propose this visionary plan for the 21stcentury, a project that by its very scope and ingenuitystares forcefully the company’s desire to remain a trustedcivic partner for decades to come.

Times have changed, but the relationship between Hamp-ton, the Virginia Peninsula and Mall Properties has not. Inconjunction with Steiner + Associates, the nation’s pre-em-inent developers of the town center concept, that relation-ship will continue to evolve and grow through the excitingdevelopment of the Peninsula Town Center.

Introducing

Peninsula Town CenterHampton, Virginia

A Joint venture of

Mall Properties, Inc. and Steiner + Associates


CALIFORNIAGrand Terrace: Construction mayhave already begun on 41,000 sq. ft.Barton Plaza on 3.6 acres at NW cornerof Barton Rd and Mount Vernon Avein Orange County; anchors Fresh andEasy Neighborhood Market andWalgreens; portion of the site includesan existing Starbucks Coffee and TacoVillage and another building on thesite will be home to four smallrestaurants; opening ‘10; developer Dr.Robert Ha c/o City of Grand Terrace,22795 Barton Rd, Grand Terrace, CA92313, (909) 824-6621, Email:[email protected] Alto: $30 million in renovationscontinue and Trader Joe’s to open thisfall at Town & Country Village at ElCamino Real and Embarcadero; centerincludes a new cafe, Kara’s Cupcakes,Snip-its children’s hair-cutting salon,LuLu’s Mexican Restaurant, andLaBelle Day Spa; opened ‘53; de-veloper Ellis Partners, 111 Sutter St,Ste. 800, San Francisco, CA 94104,(415) 391-9800, www.ellispartners.com

COLORADOBroomfield: A 100,870 sq. ft. KingSoopers opened April 15th at the137,429 sq. ft. The Shops at QuailCreek currently under construction on18 acres at NE corner of Zuni St and136th Ave (See SCD, P. J254); parking800 cars; developer Regency Centers,One Independent Dr, Ste. 114, Jack-sonville, FL 32202-3842, (904) 598-7000, www.regencycenters.com.

FLORIDABartow: Proposed shopping centeranchored by a 47,000 sq. ft. Publix atNE Corner of Wilson Ave and VanFleet Dr, where Office Depot and Catoare now; developer JEM Investments,501 N Morgan St, Ste. 202, Tampa, FL33602, (813) 223-7849.Fort Lauderdale: Renovations havebegun on the Imperial Point ShoppingCenter at SW corner of Federal Hwyand Cypress Creek Rd; project toinclude the interior and exteriorrenovation of the 35,000 sq. ft. spaceformerly occupied by Publix; in

NEW AND EXPANDING CENTERSUP TO 200,000 SQ. FT.

addition, Bruegger’s Bagels has leased2,000 sq. ft. and negotiations areunderway with several other pro-spective tenants; developer A.M. DavisMercantile Co; leasing (561) 391-0311; further information MillerConstruction Company, 614 S FederalHwy, Fort Lauderdale, FL 33301, (954)764-6550.Jacksonville: CVS to occupy one ofthree outparcels at 77,580 sq. ft. TheShoppes at Murabella on 18 acres atSR 16 and Pacetti Rd, adjacent to theMurabella master-planned communityin St. Johns County (See SCD, P. J354);anchor Publix 54,340 sq. ft. recentlyopened its 1,000th store there in Feb‘09; in addition, lease negotiations areunderway with a medical office facility,dentist, dry cleaners, nail salon, hairsalon, shipping service, Chineserestaurant, pizza restaurant, andsandwich shop; developer joint ventureHallmark Partners, 6675 CorporateCenter Pkwy, Ste. 100, (904) 363-9002,Jacksonville, FL 32216, (866) 892-9002, www.hallmarkpartners.com andStiles Corp (Bob Breslau), 300 SE 2ndSt, Ft. Lauder-dale, FL 33301, (954)627-9300, Email: [email protected] Beach Gardens: Plans approvedand construction to begin this fall on ashopping center anchored by a 46,000sq. ft. Publix on 10 acres at NW cornerof Alternate A-1A and Hood Rd;project to also include two other retailbuildings, each about 8,000 sq. ft.;opening early ‘11; developer Live OakLand, 400 Clematis St, West PalmBeach, FL 33401, (561) 832-7211.

ILLINOIS

Matteson: Proposed 11,000 sq. ft.shopping center at Lincoln Hwy andCicero Ave in Cook County;developeris in line for a possible property taxbreak to get the project started; tenantsto include Chipotle restaurant, PNCBank, Vitamin Shop, and T-Mobile;developer Patel Realty (Jesal Patel),3730 W Devon Ave, Lincolnwood, IL60712, (847) 410-0348.

KENTUCKYLouisville: Zoning approved for aplanned 158,000 sq. ft. Shoppes of

Smyrna on 23 acres at Manslick Rdand Smyrna (See SCD, P. J354); projectto include a grocery, bank, pharmacy,two res-taurants, and offices; developerR.J. Thieneman Realty Group LLC(Brian Thieneman), 12488 LagrangeRd, Louisville, KY 40245-1901, (502)491-4645, Email: [email protected].

MARYLAND

Eldersburg: 3,120 sq. ft. to be addedto a planned 6,000 sq. ft. EldersburgPark at 1350 Liberty Rd, beside Wal-Mart in Carroll County (See P. J342);expansion allows for the planned"village-style" retail building to housesix tenants instead of only one;existingtenants include PNC Bank, a one-storyrestaurant building; developer Simp-sonville East II LLC , c/o DonaldReuwer of Waverly Real Estate Group,5300 Dorsey Hall Dr, Ellicott City,MD 21042, (443) 367-0422, Email:[email protected].

Westminster: Plans approved andground could be broken this June onWestminster Plaza between Md. 140westbound and Leidy Rd between FirstMariner Bank and Wawa; anchors BestBuy and ALDI; opening from January‘10 to March ‘10; developer KonoverDevelopment (Michelle Carlson), 135South Rd, Farmington, CT 06032,(860) 284-7250, Email: [email protected].

MASSACHUSETTS

North Adams: Demolition of vacantstrip mall may have already beencompleted for a proposed shoppingcenter anchored by a home improve-ment retailer on 14.3 acres; con-struction to begin early this summeron the $15 million, 126,000 sq. ft.Lowe’s Home Improvement along witha freestanding bank branch; con-struction to take 10 months; de-velopment would likely lead to furthercommercial development of adjacentproperties; developer Ceruzzi Proper-ties, 10 Carter Henry Dr, Fairfield, CT06824, (203) 256-4000.

MINNESOTA

Prior Lake: Some neighborhood


residents oppose a proposed Kwip Tripgas station/convenience store and22,000 sq. ft. retail shopping mall on3.5 acres at Hwy 13 and Boudin St(See SCD, P. J354) (former site ofCrossroads Church); developer EFHRealty Advisors (Mike Whalen), 2999W County Rd 42, Ste. 206, Burnsville,MN 55306, (952) 890-6450, Email:[email protected].

NORTH CAROLINAConover: A planned 10,000 sq. ft.shopping center to open later this yearin front of the Wal-Mart Supercenter(See P. J342); six stores could includehair and nail salons, sandwich shops,gift/game store, wireless cell phoneretailers, shoe shops and ice creamvendors; de-veloper Centurion Part-ners (John Shell), 16930 W CatawbaAve, Ste. 205, Cornelius, NC 28031-2370, (704) 895-2120, Email: [email protected] City: Construction to begin May1st on Surf City Crossings at U.S. Hwy17 and NC Hwy 210 in Pender County(See SCD, P. I838); anchor HarrisTeeter 48,000 sq. ft.; opening Oct ‘10;population 9,306 within 5 miles;average household income $57,668;developer joint venture Hughes BaranDevelopment (Jeff Baran), 6409Westgate Rd, Raleigh, NC 27617-4726, (919) 847-7309, Email: [email protected]; Weingarten RealtyInvestors (Ken Wygle), 9420 ForumDr, Ste. 101, Raleigh, NC 27615, (919)845-3941, Email: [email protected]

OKLAHOMATulsa: Construction is well underwayon $4.5 million, 30,000 sq. ft. OnetaSquare at State Hwy 51 and Oneta Rd;tenants include Java Dave’s coffeefranchise; project to be completed inabout six months; developer Chris-topoulos Construction (TomChristopoulos), 7020 South Yale #270,Tulsa, OK 74136, (918) 481-1285.

PENNSYLVANIABethlehem: City planners have givenconditional approval for a 20,000 sq.ft. shopping center on Easton Ave, siteof Kospia’s Nursery & Landscape (SeeSCD, P. J235); developer ChristopherValianatos of Hellertown, PA c/oCommunity Planner Chris Bartleson,10 E Church St, Bethlehem, PA 18018,(610) 997-7640.

Chester: A 38,000 sq. ft. to 45,000sq. ft. full-service grocery store couldbe built as soon as the summer ‘10 aspart of a planned shopping center on12.4 acres at 15th St and HighlandAve; developer Collins Markets LLCc/o Brandywine Real Estate Manage-ment Corp (Mike Milone), PO Box500, Chadds Ford, PA 19317-0500,(610) 388-9600, Email: [email protected] Pottsgrove: A movie theater ispart of a planned 100,000 sq. ft.Commerce Corner on 32 acres at Eside of Rt 100, along Commerce Dr ;developer Sapphire Development, 357S Gulph Rd, Ste. 300, King Of Prussia,PA 19406, (610) 755-9201; leasingLegend Properties, 1001 E Hector St,Ste. 120, Conshohocken, PA 19428-1180, (610) 941-4034, www.lpre.com.West Chester: A gas station andWalgreens drug store are planned aspart of a revitalization of 123,881 sq.ft. Bradford Plaza at Rts 162 and 322(See SCD, P. F572); anchor GiantSupermarket; developer may also builda new retail building in the main portionof the shopping center; 17 stores; 8vacancies; developer UCM/TSV-Bradford Plaza LP, a joint venture ofUrdang Capital Management, 630 WGermantown Pike, Ste. 300, PlymouthMeeting, PA 19462-1075, (610) 818-4699, www.urdang.com and TristateVentures, 3 Park Ave, 16th Fl, NewYork, NY 10016, Email: [email protected].

TENNESSEEMount Juliet: A 54,000 sq. ft. Publixto open this fall as part of the initialphase of $22 million, 200,000 sq. ft.Providence Commons adjacent to theProvidence open-air shopping center;site contractor Civil Constructors;

general contractor J.E. Crain; de-veloper Boyle Investment (GrantKinnett), 2000 Meridian Blvd, Frank-lin, TN 37067, (615) 550-5575, Email:[email protected].

CANADADuncan, BC: Expansion and re-merchandising continues at 138,000sq. ft. Duncan Mall at Trunk Rd andTrans Canada Hwy; a 23,000 sq. ft.Winners and 4,500 sq. ft. Ardene toopen this fall; in addition, PetSmartwill open a 12,000 sq. ft. store inspring ‘10; existing tenants Staples,Sport Mart, Marks Work Wearhouse,The Source, Rogers Video, andSuzanne’s Ladies wear; spaces avail-able from 816 sq. ft. to 5,500 sq. ft.;developer PDG Investments; leasingWarrington PCI Management (JohnChasmar and McGregor Wark), #1700-1030 W Georgia St, Vancouver, BCV6E 2Y3, (604) 602-1887, Emails:[email protected] [email protected]. Catharines, ON: Construction wellunderway on 85,000 sq. ft. shoppingcenter anchored by a 45,000 sq. ft.Sobeys Food Store and a 14,000 sq. ft.LCBO on Glendale Ave at Mountain/Merritt Sts, just E of Hwy 406; inaddition, spaces are available from 800sq. ft. to 7,500 sq. ft. and there is a6,000 sq. ft. pad available; ideal usesinclude full-service restaurants, quick-service food, fashion and footwear,sporting goods, hair salon, specialtyretail, medical/dental, pharmacy,optical, and service; anchors to openin Aug ‘09; developer ECL Properties;leasing Crombie REIT (Sally Green),5955 Airport Rd, Ste. 200,Mississauga, ON L4V 1R9, (905)-612-1458 Ext. 4617, Email: [email protected].

As Mom and Pop apparel stores,coffee shops, banks and the likecontinue to close in New York City,their sites are being occupied byaggressively expanding drug chainsand pharmacies such as CVSCaremark, Duane Reade andWalgreen Co.

Brokers and retail consultantssay that landlords—especially those

with rising vacancies—are lower-ing their rent and occupancy require-ments in prime, midtown locations.

And they are expanding theirmerchandise line. “Drugstores arefilling the vacuum,” said CandaceCorlett of WSL Strategic Retail.“More than selling drugs and sham-poo, they’ve become mini-supercenters.”

Drugstores in NYC Filling Vacancies


UPSCALE SPECIALTY, LIFESTYLEMIXED-USE, ENTERTAINMENT

ALABAMABirmingham: Construction has begunon a 9,000 sq. ft. outparcel at CahabaVillage mixed-use shopping centerbringing it to more than 105,000 sq. ft.on U.S. 280; the new outparcel willinclude Yogurt Mountain and a branchof Charles Schwab, both of which arescheduled to open this summer; onebay containing 3,668 sq. ft. remainsavailable; anchor Whole Foods; othertenants include Newk's Cafe, WineLoft, Jennifer Hunt Gallery, MountainHigh Outfitters, Fed Ex Kinko's, RitzCamera and Massage Envy; opened‘07; contractor Brice Building Co;developer Bayer Properties LLC, 2222Arlington Ave, Birmingham, AL35205, (205) 939-3111, www.bayerproperties.com.

CALIFORNIACentury City: Neighborhood home-owners are appealing a planned $800million expansion of 810,000 sq. ft.Westfield Century City at Avenue ofthe Stars and Santa Monica Blvd (SeeSCD, P. I424); project to add a 39-story tower with stores, offices, and262 apartments or condos; plans alsoinclude relocating Bloomingdale's tothe base of the new condo tower, addingretail shops and razing another officebuilding that would be replaced with aparking structure; in addition, thecompany intends to include a transitstation for a future "Subway to theSea"; anchors also include Macy’s,

Gelson’s Super Market, AMC CenturyCity 15 Theaters; more than 100 stores;parking 2,943 cars; opened ‘64;developer The Westfield Group, 11601Wilshire Blvd, 12th Fl, Los Angeles,CA 90025, (310) 478-4456.Newport Beach: Landowner is cur-rently shopping the property aroundand hopes to find a new developer forthe originally planned 36,000 sq. ft.Bel Mare upscale fashion-orientedboutique retail center on 2.5 acres atNW corner of Pacific Coast Hwy andDover Dr (See SCD, P. I571); pop-ulation 16,060 within 1 miles; averagehousehold income $128,639; de-veloper Allied Retail Partners LLC(Zach Sussman), 11150 Santa MonicaBlvd, Ste. 770, Los Angeles, CA 90025,(310) 235-0444, Ext. 12, Email:[email protected]

Palm Springs: $50 million redevelop-ment to bring the 358,000 sq. ft. DesertFashion Plaza to 364,000 sq. ft. -365,000 sq. ft. on 11 acres at N PalmCanyon Dr in Riverside County (SeeSCD, P. I463); pedestrian-friendly,open-air project to be more ‘entertain-ment’ driven with five or six res-taurants, a movie theater, health club,Barnes & Noble bookstore, and a mixof both local and national tenants; inaddition, a new street would connectthe mall with the Palm Springs ArtMuseum, which is located in the backof the mall; 10 existing stores includeAT&T and California Pizza Kitchen;parking 2,500 cars; opened ‘86;population 320,000 within 12 miles;average household income $49,590;architect Allen + Philip Architects/Interiors of Scottsdale, AZ; developerWessman Development Co (JohnWessman), 300 Palm Canyon Dr, PalmSprings, CA 92262, (760) 325-3321,Email: [email protected]; leasing CB Richard Ellis, 74040Hwy 111, Ste. 218, Palm Desert, CA92260, (760) 341-2272, www.cbre.com.San Francisco: Planned Balboa ParkStation mixed-use ‘transit village’across from the City College of San

Francisco and along the Muni andBART rail line along Ocean Ave;project to include as much as 104,680sq. ft. of commercial development andas many as 1,780 new housing units;in addition, a new Ingleside BranchPublic Library is under constructionand nearby, on the site of the KragenAuto Parts store and parking lot; otherdevelopers plan to build 175 newapartments with a 30,000 sq. ft. groundfloor supermarket; project to becompleted over the next 20 years;developer c/o San Francisco CityPlanning Department (Kate McGee),1650 Mission St, Ste. 400, SanFrancisco, CA 94103-2479, (415) 558-6367, Email: [email protected].

COLORADODenver: New owners plan $25 millionin renovations and tenant incentivesfor the 347,000 sq. ft. Denver Pavilionsthree-level lifestyle, fashion, anddining destination on two city blocksalong the 16th St Mall in DenverCounty (See SCD, P. J355); plans tobe completed in October call for newescalators, new European retailers,moving around existing tenants, andadding more restaurants; existingtenant includes NikeTown, Barne’s &Noble, Virgin Megastore, Maggiano'sItalian restaurant and Corner Bakery;population 2.2 million; architectSemple Brown Design of Denver, CO;contractor Buchanan YonushewskiGroup of Denver, CO; developer GartProperties, 299 Milwaukee St, Ste. 500,Denver, CO 80206-5045, (303) 333-1933, www.gartproperties.com.

GEORGIANewnan: Proposed $150 million,Newnan Village Crossing has beendelayed on 130 acres at I-85 and Hwy34 in Coweta County (See SCD, P.I949); center could also include a four-star hotel, like Hyatt; first buildingsare scheduled for occupancy withinthe year; entire build-out to take two tothree years for entire; developer jointventure Diplomat Cos., 2100 ParklakeDr NE, Atlanta, GA 30345, (770) 938-2060 and Kennedy Capital Group LLC,

Construction has started in Tar-pon Springs on 100,000 sq. ft.Menes Town Center, according toDeBartolo Development and ForgeCapital Partners.

The mixed-use project will beanchored by a Sweetbay supermar-ket of 37,570 sq. ft. and will con-tain medical and residential com-ponents. It is expected to open inNovember.

Contruction StartsOn Menes Town Center


2055 North Brown Rd, Ste. 250,Lawrenceville, 30043-4920, (770)338-1800.

ILLINOIS

Chicago: Construction continues onBlock 37 at Washington and DearbornSts (See SCD, P. I556); project toinclude 400,000 sq. ft. of retail,entertainment and dining offerings,including Bigsby & Kruthers,Swarovski, Starfruit, Tahini, SunglassHut, Chicago's Lettuce Entertain You,Muvico, PUMA, Zara, Anthropologie,and Aveda salon; 200,000 sq. ft. to450,000 sq. ft. of office space, a 200-to 300-room hotel, a 200- to 300-unitresidential tower, and a CTA transitstation; opening fall ‘09; developerJoseph Freed and Associates, LLC, 33S State St, Ste. 400, Chicago, IL 60603-2802, (312) 675-5500, www.josephfreed.com.

INDIANA

Schererville: Town planning commis-sioners grant a 12-month extension fordevelopers to finalize plans for theShops on Main lifestyle shoppingcenter on E side of U.S. 41, just S ofMain St; multi-tenant retail center tocombine upscale shopping with anentertainment component and pedes-trian-friendly features, such as angledparking close to the stores, benches,and firepits; developer Boyer Prop-erties, Inc (Bruce Boyer), 9901 ExpressDr, Highland, IN 46322, (219) 924-9922, Email: [email protected].

IOWA

Altoona: A 150,000 sq. ft. Bass ProShops scheduled to open in August ‘09at 1.46 million sq. ft. The Shoppes atPrairie Crossing currently underconstruciton on 200 acres adjacent toboth Prairie Meadows Racetrack &Casino and Adventureland Amuse-ment Park (See SCD, P. J343); superregional open-air lifestyle center toinclude a 7-acre lake, shops, res-taurants, a cinema, office buildings,apartments and more; developer Heartof America Development Group(Calvin Hileman), 1501 River Dr,Moline, IL 61265, (309) 743-3260,Email: [email protected]

MISSOURIFlorissant: Plans ongoing to convert

the 1 million sq. ft. Jamestown Mall toa mixed-use commerce facility atLindbergh and Old Jamestown Rd inSt. Louis County (See SCD, P. J355);the $120 million plan includes con-verting the former 216,000 sq. ft.Dillard’s department store to office ormedical space, building a 200-unit se-nior living community and construct-ing 360,000 sq. ft. of additional retailspace; existing anchors includeMacy’s, Sears, and JCPenney; 113stores; parking 5,420 cars; opened ‘73;population 361,569 within 10 miles;average household income $52,039;developer Carlye Development Group(Tom Fear), 2 Gannett Dr, Ste. 201,White Plains, NY 10604, (914) 694-6760, Email: [email protected].

St. Louis Park/Golden Valley:Preliminary plans submitted for aproposed $400 million The Towers atWest End on 43.5 acres at SW cornerof I-394 and Hwy 100; project toinclude 340,000 sq. ft. to 350,000 sq.ft. of upscale lifestyle type retail shops,entertainment, restaurants, a second-level cinema, a 35,000 sq. ft. upscalerestaurant, an upscale grocery store,and a potential hotel; $175 millionoffice component would contain 1.1million sq. ft. of space; parking 4,400cars; developer Duke Realty (DavidBade), 600 E. 96th St, Ste. 100,Indianapolis, IN 46240, (317) 808-6474, www.dukerealty.com.

NEW YORKClifton Park: Redevelopment under-way and a 120-room hotel is plannedfor 660,000 sq. ft. Clifton Park Centeron 50 acres at Northway Exit 9 and Rt146 in Saratoga County (See SCD, P.J223); plans include transforming thevacant Steinbach’s into 10 to 15individual stores, creating an additional40,000 sq. ft. to 45,000 sq. ft. ofleasable space with storefronts that canbe accessed directly from the parkinglot; anchors include JCPenney, Mar-shalls, Regal Cinemas; 70 storesinclude Mocha Lisa's Cafe; parking3,000 cars; opened ‘76; population158,000 within eight miles; averagehousehold income $75,000; developerDCG Development (A. RickEaglestone), 240 Clifton CorporatePark, Clifton Park, NY 12065, (518)383-0059, Email: r [email protected].

Yonkers:Yonkers Industrial Develop-ment Agency passes resolutions to pavethe way for a planned $1.6 billion, 2million sq. ft. River Park Center on500 acres at on two miles of waterfront,along Nepperhan and Yonkers Ave inWestchester County (See SCD, P.I464); project includes an 11-storyretail, entertainment and parkingcomplex capped by two 50-storyresidential towers as well as a minorleague baseball stadium; developerStruever Fidelco Cappelli LLC,www.sfcyonkers.com.

OHIOUpper Arlington: Preliminary plansfor a redevelopment have beenapproved and ground could be brokenin August on 252,000 sq. ft. KingsdaleShopping Center on 21.68 acres atNorthwest Blvd and Tremont Rd inFranklin County (See SCD, P. J318);developers plan to move the GiantEagle to the Northwest Blvd side ofthe center and double its size to nearly110,000 sq. ft.; plans also call for apair of four-story office buildings,rearranging and refacing many of thecurrent stores, and the addition of newretail space; anchor Giant EagleSupermarket 56,000 sq. ft.; 48 stores;parking 1,360 cars; opened 59;

(continued)

North Grove Centers, a 70,040sq. ft. shopping center in the TampaBay area has been sold to an affili-ate of the Isram Co of Hallendale,FL, for $2.7 million, about $38 persq. ft.

Built in 1977 and renovated in2004, the center is anchored by aWinn Dixie supermarket.

Strip Center SellsFor $38 Per Sq. Ft.

Visit

SHOPPING CENTER DIGEST and

DIRECTORY OF MAJOR MALLSat Booth #4059 in the Trade

Expo @ ICSC ReCon

in Las Vegas, May 17-20.


population 103,576 within 3 miles;average household income $65,577;developer Continental Real EstateCompanies, 150 E Broad St, Columbus,OH 43215-3610, (614) 221-1800,www.continental-realestate.com.Sheffield Lake: Mayor has plans forwind energy (two turbines) to powerthe soon-to-be redeveloped 172,177sq. ft. Shoreway Shopping Center atLake Ave and Lake Breeze Rd in LorainCounty (See SCD, P. G226); $100million project to include a stores andcondominums housed in a ‘public mall’with a "Main St-feel" along with a 500ft. long pier and a boat launch; existingtenants Rite Aid, Family Dollar, DollarGeneral and Bank One; population20,863 within 3 miles; averagehousehold income $47,332; developerParan Management Com-pany, 2720Van Aken Blvd. Ste. 200, Cleveland,OH 44120, (800) 888-5663,www.paranmgt.com

PENNSYLVANIAHilltown Twp: Proposed HilltownPromenade on 40 acres at Swartley Rdand Rt 309; project to include a vil-lage-style shopping center with res-taurants, shops, a hotel, and a 17,500sq. ft. building for the township’s firedepartment; parking at the center willbe located on the outer perimeter ofthe buildings; project may also in-clude age-restricted residential spaceincluding three three-story units withparking underneath; developer Sho-walter & Associates (Bob Showalter),116 E Butler Ave, Chalfont, PA 18914,(215) 822-2990, www.rlshowalter.com.

SOUTH CAROLINAMyrtle Beach: Eleven new retailersto join Broadway at the Beach "festivalentertainment complex" currentlyunder development on 350 acres in theheart of the city (See SCD, P. E940);center features 3 theaters, 17 res-taurants and more than 100 specialtyshops as well as attractions, nightclubs,and hotels, all surrounding the 23-acre Lake Broadway; newest signedtenants include Denim Exchange,Tsunami Surf Shop, U Rock, KingKong Sushi, Sparkles, Mango'sSwimsuit Boutique, Surf's Up, InitialTouch, Loose Lucy's, and BroadwayTourist Tips - Holiday Inn Club

Vacations to join Planet Hollywood,Hard Rock Cafe, The Official All-StarCafe, and Celebrity Square; inaddition, a 35,000 sq. ft. WonderWorksinteractive 'amusement park for themind' will be added in spring ‘10 ;developer Burroughs & Chapin Co,Inc, PO Drawer 2095, Myrtle Beach,SC 29577, (803) 448-2513, www.broadwayatthebeach.com.

TEXASDallas: Nordstrom Rack and Dick’sSporting Goods have opened asconstruction continues on the $750million, 2.4 million sq. ft. Park Laneurban mixed-use development on 33.5acres at Park Lane and North CentralExpwy (See SCD, P. H689); project toinclude over 700,000 sq. ft. of retail,restaurant and entertainment space,anchored by Whole Foods; the urbanvillage component includes shopping,dining, and entertainment venues,office space, a four-story boutiquehotel, an upscale fitness and spafacility, and luxury rental units;developer Harvest Partners, 8070 ParkLn, Ste. 100, Dallas, TX 75231, (214)369-0860.First Colony: A 5,043 sq. ft. The PostOak Grill to open at Lake Pointe TownCenter mixed-use lifestyle develop-ment on 190 acres at NW corner ofState Hwy 6 and U.S. Hwy 59, at thefront of the Lake Pointe community inFort Bend County (See SCD, P. J155);project to include 250,000 sq. ft. ofretail anchored by a 55,000 sq. ft.Whole Foods which opened in ‘07; inaddition, there will be 1 million sq. ft.of office an medical offices, an existing1.2 million sq. ft. Fluor Corp head-quarters, 140 townhomes and brown-stones, and 150 patio homes; pedes-trian-friendly development featuressignificant water frontage, includingthe 37-acre Brooks Lake and 1.5 milesof frontage on Oyster Creek; developerPlanned Community Developers LTD(Bruce Frankel), 4665 SweetwaterBlvd, Ste. 100, Sugar Land, TX 77479,(281) 242-2000, Email: [email protected].

VIRGINIAArlington: Ground to be broken thisspring on $100 million, Penrose Squareon four acres at currently the site of theAdams Square Shopping Center, nearthe Pentagon; ‘transit-oriented’ project

to include 97,000 sq. ft. of retail spaceincluding Giant food store, 299residential units (354,523 sq. ft.), andthree levels of below grade parking;contractor Foulger-Pratt Contracting;opening ‘11; developer CarbonThompson Development, 13650 DullesTechnology Drive, Ste 250, Herndon,VA 20171, (703) 757-6533, www.carbonthompson.com.

Newport News: Construction contin-ues on Patrick Henry Place mixed-useproject on 80 acres off Jefferson Aveand Hornsby Ln (I-64) (See SCD, P.J259); open air mall with retail, resi-dential, and office space; tenants al-ready open include Carabba’s andCheeseburger in Paradise; 30 stores;initial phases began to open in ‘05;project also include a Residence Innand Courtyard by Marriott, whichopened in ‘08; population 171,264within 5 miles; average household in-come $62,760; developer Kahn De-velopment Co (Darlene McKinnoon),101 Flintlake Rd, Columbia, SC 29223,(803) 736-3325, Email: [email protected].

Virginia Beach: Planned 1 million sq.ft. The Village at Blenheim on 500acres at Regent University Dr andMidtown Way (See SCD, P. I691);mixed-use center features a lifestylecenter, upscale grocery, leadingspecialty retailers and other anchors,restaurants, and 500 residential unitsover retail; population 290,531 within5 miles; average household income$60,185; developer Kahn Develop-ment (Gerard Stick Thibodeaux), 101Flintlake Dr, Columbia, SC 29223,(803) 744-0000, Email: st [email protected].

CANADA

Dartmouth, NS: Renovations andleasing underway for 175,000 sq. ft.Dartmouth Gate at Pleasant St andCircumferential Hwy (former Moirscandy factory) (See SCD, P. J355); a25,000 sq. ft. Value Village will openas early as May 1; units from 10,000sq. ft. to 20,000 sq. ft. are available;about 75,000 sq. ft. in the back half ofthe building is occupied by Nova ScotiaCommunity College; developer South-west Properties Ltd (Sheri Carver-Robinson), Halifax, NS , (902) 423-7527,Email: [email protected].

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CALIFORNIAGlendale: 1.5 million sq. ft. GlendaleGalleria on 35 acres at Brand, Broad-way, Colorado & Columbus in LosAngeles County (See SCD, P. J211);newest tenant Clarks opened March12; anchors JCPenney, Nordstrom,Macy’s, Mervyn’s; 250 stores; parking6,214 cars; opened ‘76; population 1.38million within 15 miles; averagehousehold income $67,875; developerGeneral Growth Properties, 110 NWacker Dr, Chicago, IL 60606-1116,(312) 960-5141, www.generalgrowth.com.

COLORADOAurora: 1.7 million sq. ft. Southlandson 301 acres at E-470 and Smoky HillRd in Arapahoe County (See SCD, P.I544); new leasing and managementcompany; anchors Old Navy, SportsAuthority, Wal-Mart Supercenter, Pier1 Imports, Michaels, JCPenney, OfficeDepot, Sam’s Club, Babies ‘R’ Us,Petco, Ross, Barnes & Noble, and BedBath & Beyond; 150 stores; opened‘06; population 96,798 within fivemiles; average household income$112,754; owner BlackRock Inc, 300Campus Dr, 3rd Fl, Florham Park, NJ07932, (973) 264-2719, www.blackrock.com; leasing Forest City Enter-prises, Inc, 1100 Terminal Tower, 50Public Sq, Ste. 1026, Cleveland, OH44113-2203, (216) 416-3207, www.fce.inc.

FLORIDABrooksville: 143,000 sq. ft. WesternWay Shopping Center at 12961 CortezBlvd (State Rd 50) and Mariner Blvdin Hernando County (See SCD, P.J355); new owners; 95% occupied;anchors Beacon Theater, Bealls Outlet,Save-A-Lot, Tuesday Morning, andDollar General; opened ‘82; owner/leasing Isram Realty Holdings, 506 SDixie Hwy, Hallandale, FL 33009,(954) 455-2822, www.isramrealty.com.Coconut Creek: 350,000 sq. ft. ThePromenade at Coconut Creek outdoorshopping center at 4451 Lyons Rd inBroward County (See SCD, P. J331);45 retailers, restaurants, and servicesinclude newest signed tenants AllegriaFro-Yo, Fish City Grill, Scarfone's

CENTERS WITH LEASE SPACE AVAILABLECoal Fired Pizza, Pyure Aveda andSpatanious salons , Boca Tanning, andCherry Blossom Studio; openedNovember ‘08; a second phase willsoon be under construction adding anadditional 105,000 sq. ft. of retail andoffice space, opening later this year;developer/leasing Stanbery Develop-ment, 328 Civic Center Dr, Columbus,OH 43215, (614) 437-8100, www.stanbery.com.Orange Park: 45,421 sq. ft. OrangePark Plaza at SR 20 and Blanding Blvd;2,069 sq. ft. available for local,regional, or national tenants; anchorsJackson Hewitt Tax, Rooms to GoOutlet, United Optical, and SolanosCycles; average household income$70,150 within 3 miles; developer/leasing Kahn Development (Gerard‘Stick’ Thibodeaux), 101 Flintlake Rd,Columbia, SC 29223, (803) 744-0000,Email: [email protected]: 118,246 sq. ft. Town &Country at 501 N Beneva Rd; recentlyrenovated; spaces available of 800 sq.ft., 968 sq. ft., and 1,600 sq. ft.; anchorSweet Bay Supermarket; other tenantsinclude Sherwin Williams, WeightWatchers, Florida Ballet Arts Studio,Beading Elements, and BeautifulCakes by Ron; in addition, a 5,000 sq.ft. space will soon be available; averagehousehold income $44,755; leasingThur & Associates (Shary Thur), 8260Greensboro Dr, Ste. 270, McLean, VA22102, (703) 847-0865, Email:[email protected] Manor: 75,879 sq. ft. Shoppesof Wilton Manors at 2262 WiltonManor Dr; recently renovated; spacesavailable from 15,000 sq. ft. to 30,000sq. ft.; tenants include Island CityFitness, Georgie’s Alibi, Icon andBoom; average household income$41,598; leasing Thur & Associates(Shary Thur), 8260 Greensboro Dr Ste270, McLean, VA 22102, (703) 847-0865, Email: [email protected].

GEORGIA

Bethlehem: 550,000 sq. ft. BarrowCrossing on 65 acres at GA 316 andGA Hwy 81 in Barrow County (SeeSCD, P. J136); $75 million centerrecently opened; 86% leased; anchors

Target, Belk and Publix; other tenantsinclude Rue21, McDonald’s, GreatClips, Lee Nails, Peking Restaurant,Starside Tans, and Stevi B's Pizza;population 130,000 within 10 miles;average household income $64,700;developer/leasing Faison EnterprisesInc (Mike Cohn), 121 W Trade St, Ste.2700, Charlotte, NC 28202-1195,(704) 972-2500, Email: [email protected]: 370,000 sq. ft. NorthLogan Commons on U.S. 78/AthensHwy in Gwinnett County (See SCD, P.J31); $50 million shopping centeropened in ‘08; 87% leased; anchorsLowe’s Home Improvement, Best Buy,Dick’s Sporting Goods, Office Maxand Petsmart; 14 stores also includeDollar Tree, SunTrust Bank, Five GuysBurgers and Fries, Nail Talk, andSports Clips; population 123,000within 7 miles; average householdincome $87,800; developer/leasingFaison Enterprises, Inc (Mike Cohn),121 W Trade St, 27th Fl, Charlotte,NC 28202, (704) 972-2500, Email:[email protected].

MARYLANDHagerstown: 315,994 sq. ft. Long-meadow Shopping Center at PotomacAve in Washington County; spacesavailable of 800 sq. ft., 1,455 sq. ft.,1,999 sq. ft., 1,954 sq. ft., 10,420 sq.ft., and 24,000 sq. ft.; anchors AshleyFurniture, CVS, and PA Dutch Market;average household income $101,905;leasing Thur & Associates (SharyThur), 8260 Greensboro Dr, Ste. 270,Mc Lean, VA 22102, (703) 847-08655,Email: [email protected].

NEVADANorth Las Vegas: 731,799 sq. ft. DeerSprings Town Center on six acres atSE corner of N Fifth St and the LasVegas Beltway in Clark County (SeeSCD, P. J51); $120 million centerrecently opened and is adjacent to the2,000-acre master-planned communityof Park Highlands; 60% leased; anchorHome Depot 106,278 sq. ft., Target132,360 sq. ft. and Toys 'R Us 65,000sq. ft.; junior anchors PetSmart, Rossand Staples; other tenants includeNevada Federal Credit Union, AT&T,

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and Party City; and In-N-Out Burgerrecently signed a 20-year lease on aone-acre, 3,500 sq. ft. restaurant;population 160,000 within five miles;developer Regency Centers, OneIndependent Dr, Ste. 114, Jacksonville,FL 32202-3842, (904) 598-7000,www.regencycenters.com; leasing ROICommercial Real Estate (Todd Boyerand Brian Sorrentino), 7100 SmokeRanch Rd, Ste. 100, Las Vegas, NV89128-8834, (702) 363-3100, Email:[email protected] and [email protected]

NEW JERSEYCherry Hill: 1.43 million sq. ft. CherryHill Mall on 95 acres at Rt. 38 andHaddonfield Rd in Camden County(See SCD, P. J116); $200 millionexpansion recently completed, in-cluding a new 138,000 sq. ft. Nord-strom’s; existing anchors JCPenneyand Macy’s; 195 stores; parking 6,500cars; opened ‘61; population 1.67million within 10 miles; averagehousehold income $71,000; developer/leasing Pennsylvania Real EstateInvestment Trust (Jeffrey Fischer), TheBellevue, 200 S Broad St, Philadelphia,PA 19102, (215) 875-0700, Email:[email protected].

NEW JERSEY

Livingston: 100,000 sq. ft. The Villageat Livingston at Rt 10 and EisenhowerPkwy in Essex County (See SCD, P.J355); a 1,600 sq. ft. store in the padbuilding between Olive Garden andGameStop is available; tenants alsoinclude Pathmark, CVS, Wine Le-gends, Hudson City Savings Bank,Greets and Treats, Zen Restaurant anda recently opened 3,000 sq. ft. ShalomNails; population 48,000 within threemiles; average household income$148,000; developer joint venture ofDKH Inc, and Eastman Companies,651 W Mount Pleasant Ave, Living-ston, NJ 07039-1609, (201) 992-7727;leasing Perlmutter Properties Inc(David Perlmutter), 30 Glenn St, Ste.311, White Plains, NY 10603, (914)686-8900, Email: [email protected].

NORTH CAROLINALexington: 131,466 sq. ft. LexingtonCenter at Business 85 and Hwy 64;50,000 sq. ft. available for local,

regional, or national tenants; anchorsFred’s, H&R, Lev Medical Inc, andLexington State Bank; other tenantsinclude State Farm and Dollar General;average household income $56,051;developer Kahn Development (Gerard“Stick” Thibodeaux), 101 Flintlake Rd,Columbia, SC 29223, (803) 744-0000,Email: [email protected]: 37,733 sq. ft. Shoppes atGreenway at Louisburg Rd, Hwy 401,and Perry Creek Rd; 23,167 sq. ft.available for local, regional, andnational tenants; anchors Family EyeCare, Clippers, and Forever Fitness;opened ‘01; developer Kahn Develop-ment (Christiana Coffee), 101 FlintlakeRd, Columbia, SC 29223, (803) 744-0000, Email: [email protected].

PENNSYLVANIASouth Philadelphia: 643,810 millionsq. ft. Columbus Commons on 44 acresat Snyder Ave and Christopher Co-lumbus Blvd (See SCD, P. H945); a35,308 sq. ft. Raymour and Flaniganfurniture store to open in June in thespace formerly occupied by Linens 'NThings; anchors Ikea 313,000 sq. ft.,Best Buy, and Champps; 18 stores;parking 2846 cars; opened ‘04; popu-lation 644,889 within 5 miles; averagehousehold income $49,582; owner/leasing The Goldenberg Group (PeterFarnum), 350 Sentry Pkwy, Bldg 630,Ste. 300, Blue Bell, PA 19422, (610)260-9600, Email: [email protected].

SOUTH CAROLINAColumbia: 58,024 sq. ft. Polo Plaza atTwo Notch Rd; 11,250 sq. ft. available;anchors Food Lion, Domino’s Pizza,Time Warner, Star Music; averagehousehold income $98,216 within threemiles; developer/leasing Kahn De-velopment (Luanne Thomas), 101Flintlake Rd, Columbia, SC 29223,(803) 794-0000, Email: [email protected]: 1.5 million sq. ft. Villageat Sandhill on 300 acres at I-20 and 77at US Hwy 1 and the Clemson RdConnector in Richland County (SeeSCD, P. I691); 90,000 sq. ft. availablefor lifestyle, national, regional andlocal tenants; anchors Regal Enter-tainment, Belk, JCPenney, and HomeDepot; 90 stores include Talbot’s,Aeropostale, American Eagle, Ann

Taylor Loft, and Panera Bread; parking8,000 cars; opened ‘04; population103,797 within 3 miles; averagehousehold income $72,609; developer/leasing Kahn Development Co(Darlene McKinnon), 101 Flintlake Dr,Columbia, SC 29202, (803) 744-0000,Email: [email protected]: 263,100 sq. ft. SandhillStation at Two Notch Rd and FashionDr in Richland County; seeking agrocery tenant; shops include CiCiPizza, Family Christian, Miyos, andSleep King; opened ‘08; leasing KahnDevelopment, 101 Flintlake Rd,Columbia, SC 29293, (803) 744-0000,Email: [email protected]: 37,000 sq. ft. River Crossingat U.S. Hwy 2 South; 1,200 sq. ft.available for local, regional, or nationaltenants; anchors Food Lion, LittleCeasars, Allstate, Edward Jones, andEnterprise Rent-A-Car; average house-hold income $56,314 within threemailes; developer leasing KahnDevelopment (Luanne Thomas), 101Flintlake Rd, Columbia, SC 29223,(803) 744-0000, Email: [email protected].

TEXASFrisco: The Shops at Starwood at SEcorner of Dallas North Tollway andLebanon Rd (See P. J344); Cham-pion4Fitness to open its flagship studiolocation in May; mixed-use centerfeatures specialty dining, boutiqueretailers, luxury office space andupscale personal service amenities;developer Hermansen Land Develop-ment, 7015 Snider Plaza, Ste. 202,Dallas, TX 75205, (214) 373-4202,Email: [email protected]; leasing Real StreetProperties (Richard Giel), 7015 SniderPlaza, Ste. 202, Dallas, TX 75205, (214)373-0220, Email: [email protected]: Vintage Park on 84 acres aton Louetta Rd and Hwy 249 (See SCD,P. J355); anchor HEB Vintage Market112,000 sq. ft.; Mia Bella Trattoriaand Salata restaurants have opened forbusiness; coming soon are Luxe Bar &Lounge; dining venues Peli Peli,CoCo's Crepes and Coffee, Trio PrimeSteakhouse and Bar, and WackyMongolian; and service retailersHeritage Texas Properties and Kick-

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erillo Companies; opened ‘07; pop-ulation 211,428 within 5 miles; averagehousehold income $98,857; ownerInterfin Companies (Melissa Goedde),1400 Post Oak Blvd, Ste. 1200,Houston, TX 77056, (713) 840-8474,www.interfin.com.

VIRGINIAAlexandria: 200,000 sq. ft. The TradeCenter at 350 S Pickett St; spacesavailable of 2,250 sq. ft. , 4,500 sq. ft.and 5,783 sq. ft.; anchor Home Depot;other tenants include Mattress Ware-house, Dollar Depot, and a U.S. PostOffice; average household income$120,195 within one mile; leasing Thur& Associates (Shary Thur), 8260Greensboro Dr, Ste. 270, McLean, VA22102, (703) 847-0865, Email: [email protected]: 268,017 Village Center atBelmont Green at Piccadilly Plaza andWinkle Dr; Hunan Village, CrystalBrite Cleaners, and Zero’s Subs haverecently opened; in addition a 1,240sq. ft. Belmont Hair Salon to open inMay; anchor Bloom grocery store;.other tenants include CVS/pharmacyand Ledo's Pizza; owner RappaportCompanies, 8405 Greensboro Dr, Ste.830, McLean, VA 22102-5121, (571)382-1200, www.rappaportco.com.leasing Renaud Consulting, 11708Sugarland Rd:, Herndon, VA 20170,(703) 404-2346, www.renaudconsulting.net.Chesapeake: 150,775 sq. ft. TownePlace at Greenbrier lifestyle center atEden Way N and Executive Dr; 17,919sq. ft. available; opened ‘07; population194,961 within 5 miles; averagehousehold income $66,457; developer/leasing Kahn Development (DarleneMcKinnon), 101 Flintlake Dr, Colum-bia, SC 29223, (803) 744-0000, Email:[email protected] Church: 395,000 sq. ft. Cross-roads Center at Columbia Pike andLeesburg Pike in Fairfax County; a35,688 sq. ft. space is available;anchors Safeway, Borders, Staples, OldNavy, AC Moore Arts & Crafts, BedBath & Beyond, Ross Dress for Less,Marshalls and Dick’s Sporting Goods;21 stores; parking 2,000 cars; opened‘94; population 883,365 within sevenmiles; average household income$83,174 within one mile; leasing Thur& Associates, 8260 Greensboro Dr,

Ste. 270, McLean, VA 22102, (703)847-0865, Email: [email protected]: 399,949 sq. ft.Central Park at Carl D. Silver Pkwy. &Rt. 3 in Fredericksburg County; spacesavailable of 4,402 sq. ft. and 2,000 sq.ft.; anchors Best Buy, Wal-Mart,Kohl’s, Lowes, Shoppers Food Ware-house, and Old Navy; opened/opening’96; population 108,805 within fivemiles; average household income$81,000; developer The RappaportCompany, 8405 Greensboro Dr, Ste.830, McLean, VA 22102, (571) 382-1200, www.rappaportco.com; leasingThur & Associates (Shary Thur), 8260Greensboro Dr Ste 270, McLean, VA22102, (703) 847-0865, Email: [email protected]: 122,300 sq. ft. ShenandoahSquare at Edwards Ferry Rd and Rt 15

in Loudon County; a 3,176 sq. ft. spaceand a 2,750 sq. ft. end-cap are available;anchor Wal-Mart; other tenants includeDuron Paint, IHOP, Red AppleRestaurant, Burger King, Taco Bell,Domino’s Pizza, Jenny Craig andothers; leasing Thur & Associates(Shary Thur), 8260 Greensboro Dr,Ste. 270, Mc Lean, VA 22102, (703)847-0865, Email: [email protected]: 51,584 sq. ft. Keagy Villageon 15.65 acres at Keagy Rd and ElectricRd (Rt 419) (See SCD, P. I558); tenantsinclude Dunkin Brands and FirehouseSubs; parking 550 cars; population110,066 within 5 miles; averagehousehold income $70,349; developer/lesing Kahn Development Co (DarleneMcKinnon), P.O. Box 1608, Columbia,SC 29202, (803) 722-0000, Email:[email protected].

RETAILERS SEEKING SPACEAPPAREL

American Apparel Inc of 747 Ware-house S, Los Angeles, CA 90021;currently operating 260 stores; com-pany has recently received an $80million investment from Lion CapitalLLP giving it a 20% stake in the retailerand plans to open 25 to 30 stores in‘09. Real Estate Director, (213) 488-0226, Fax (213) 488-0334, www.americanapparel.net. Finish Line dba The Finish Line andMan Alive of 3308 N Mitthoeffer Rd,Indianapolis, IN 46236; currentlyoperating 688 Finish Line units in 47states and 83 Man Alive units in 19states; this quarter, the company willopen two different Finish Line formatsin Madison, WI, and Houston, TX;new formats include a 3,500 sq. ft.prototype (Finish Line 4.0) and onedesigned with Nike; in addition,company plans to open 10 to 15 FinishLine stores, remodel 15 to 20 stores,and close as many as 15 to 20 stores;Man Alive will not open any new storesin fiscal ‘09, but will do some retoolingin terms of merchandise mix; seeking5,400 sq. ft.; George S. Sanders, EVPof Real Estate, (317) 899-1022, Ext. 6,Fax (317) 899-1287, Email: [email protected] 21, For Love 21, Gadzooks,

and new larger Forever XX1 formatof 2001 S Alameda St, Los Angeles,CA 90058; currently operating morethan 400 stores nationwide; company'sfirst 80,000 sq. ft. Forever XXIprototype store to open late ‘09 on thesite of the former Mervyns store at theLos Cerritos Center near Los Angeles,CA; if prototype works, company couldrepeat it in the 15 other Mervyn'slocations it purchased following itsbankruptcy filing and liquidation. RealEstate Director, (213) 741-5100.Guess, Inc dba Guess, Marciano, andG by Guess of 1444 S Alameda St.,Los Angeles, CA 90021; currentlyoperating 425 stores in the U.S. andCanada and 690 stores outside NorthAmerica; plans to open 15 stores inNorth America and 126 in Europe andAsia; seeking 5,500 sq. ft. Director ofReal Estate, (213) 765-3100, Fax (213)765-9011, www.guess.com.Hennes & Mauritz (H&M) of 1Dundas St W, 3rd Fl, Toronto, ONM5G 1Z3; currently operating about1,500 stores in 28 countries including250 locations in the U.S. and 44locations in Canada; plan to open 12new stores across Canada; seeking15,000 sq. ft. in streetfront locationsand indoor shopping centres. Peter

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Liuzzi, Leasing and Expansion Mana-ger, (416) 623-4300, Fax (416) 2600420, Email: [email protected] Outlet Inc of 105 Corporate CenterBlvd, Greensboro, NC 27408; storesshowcase brands including Nautica,The North Face, Lee Jeans and Vans;company opened 89 stores last year;plans to add 70 new boutiques world-wide this year. Real Estate Director,(336) 424-6000, www.vfc.com.

AUTOMOTIVEAutoZone of PO Box 2198, Memphis,TN 38101; currently operating 4,299stores nationwide; plan to open 160stores in ‘09; seeking 6,500 sq. ft. to8,000 sq. ft. in freestanding locationsand in-line centers with high-impact,easy access, and high visibility. David

Gilmore, VP-Store Development,(901) 495-8825, Fax (901) 495-8969,Email: [email protected].

DISCOUNT

Big Lots of 300 Phillipi Rd, ColumbusOH, 43228-5311; currently operating1,339 units in 47 states; company plansto open 45 new stores and close 40other locations; newest store to open atthe Polaris Fashion Place in Columbus,OH will feature a new look and layout;seeking 25,000 sq. ft. in all marketsthroughout the country, but mostlyalong the coasts; Vincent Cattano,Director Real Estate, (614) 278-6720,Fax (614) 278-6546, Email:[email protected].

Target and SuperTarget div. of TargetCorp of 1000 Nicollet Mall, Minne-apolis, MN 55402; currently operating1,699 stores nationwide; plans to open27 new stores this month including 6full-grocery SuperTargets; seeking128, 000 sq. ft. for Target and 186,000sq. ft. for SuperTarget. John D. Griffith,EVP, Property Develop-ment, (612)761-1487, Fax (612) 761-3740, Email:[email protected] TJX Companies Inc dba T.J.Maxx, Marshalls, HomeGoods, A.J.Wright, Marmaxx, Winners, Style-Sense, and Bob's Stores of 770Cochituate Rd, Framingham, MA1701; off-price retailer currentlyoperates 874 T.J. Maxx, 806 Mar-shall’s, 318 HomeGoods, and 135 A.J.Wright in the U.S.; in Canada, companyoperates 200 Winners, 75 HomeSense,and 2 StyleSense stores; in the U.S.,company plans to open a net of 17 newMarmaxx (Marshall’s and T.J. Maxx)units, 4 HomeGoods stores, 13 A.J.Wright stores, and one or two MarshallsShoe Mega Shops in ‘09; in addition,the company will open a net of 13 newstores in Canada. Tina Lofgren, SVPReal Estate & Property DevelopmentDirector, (508) 390-2234, Fax (508)390-3126, Email: [email protected].

ELECTRONICS/COMPUTERSBest Buy, Inc dba Best Buy, MagnoliaAudio Video, Pacific Sales, GeekSquad, and Future Shop of 7601 PennAve S, Richfield, MN 55423; currentlyoperating over 1,300 stores nationwideand in Canada including 917 Best Buys;plan to open 45 new stores domestically

and approximately 20 new storesinternationally; seeking 20,000 sq. ft.to 45,000 sq. ft. in freestandingfacilities and strip centers; in addition,a debut of large-format store in theU.K. has been pushed to spring ‘10.Pat R. Matre, Vice President of RealEstate, (612) 291-7552, Fax (952)430-6500, Email: [email protected] Inc of 4151 E 96th St,Indianapolis, IN 46240; currentlyoperating 110 appliance and electronicsstores in 9 states, including 13 in FL;company has opened a 282,126 sq. ft.distribution center in FL and plansexpansion in major metropolitan areasthroughout FL. Bruce Dixon, VP ofReal Estate, (317) 848-8710, Fax (317)848-8768, Email: [email protected].

FOOD, CANDY, ICE CREAMA&W Canada div of. A and W FoodServices of Canada Inc of 171 WEsplanade, Ste. 300, North Vancouver,BC V7M 3K9; currently operating 685locations across Canada; plan to open80 new locations across ON over thenext five years; as part of the five-yearplan, the company aims to open 40 inWestern Canada, 30 in PQ and 10 morein Atlantic Canada; seeking 1,760 sq.ft. in power centres near highways.Patti Parente, Senior Director of RealEstate, (604) 818-1045, Email:[email protected] Mexican Grill of 1501Wynkoop, Ste. 500, Denver, CO80202; currently operating 837 fastcasual burrito chains in nine states andCanada; plan to open 120 to 130locations in ‘09; seeking 1,000 sq. ft.to 2,800 sq. ft. in power, strip andmixed-use centers, malls and free-standing locations in all markets exceptAL, IA, and RI, but looking to grow inthe new market of NJ; in addition,patio seating is a plus and a liquorlicence must be allowed. Rex Jones,Chief Development Officer, (303) 390-0639, Fax (303) 390-0650, Email:[email protected]’s div. of Denny’s Inc of 203 EMain St, Spartanburg, SC 29319-0002;currently operating more than 1,500restaurants; in keeping up with quick-service competitors, the company willtest its Fresh Express grab-and-goconcept and will add drive-thrus to

(continued)

CompUSA Is Being Revived

CompUSA, the once-bankruptelectronics retailer is making acomeback since it was acquired andreorganized in January bySystemax, and now has 30 newstores nationwide.

Every screen in a CompUSAstore, said Gilbert Fiorentino, chiefexecutive of the Technology Prod-ucts Group at Systemax “…is nowconnected to the internet” and mak-ing it possible for shoppers to com-pare prices, research products andinformation.

The company believes thatwith other electronics chains leav-ing the market, “with less brick andmortar competition around, peoplewill give CompUSA a chance.”

Traffic and sales in stores in theU.S. are expected to decline by 13%in the second quarter, according toShopper Trak

The research company’s Re-tail Traffic Index, says foot trafficwill drop 13%, while sales are ex-pected to decrease by 2.4%.

Foot Traffic Expected To Drop 13% in U.S.


two existing units; the 200 sq. ft. grab-and-go counters will be situated insidea traditional full-service unit. StephenDunn, VP of Development, (864) 597-8403, Fax (864) 597-7708, Email:[email protected] (formerly Lettuce) of 325 WHuron St, Ste. 512, Chicago, IL 60610-3640; currently operating 13 locationsincluding 9 in Toronto, ON; plansexpansion in Montreal, PQ, andWestern Canada, as well as plans fivenew stores in Chicago, IL, and at leastone in Los Angeles, CA; in addition,company has formed a partnership withEquinox fitness centers and plans toopen a store in one of its Chicagolocations; seeking 150 sq. ft. to 1,300sq. ft. on streetfronts, and in officesand shopping centers. Matthew Corrin,CEO, (312) 435-0311, Email: [email protected] Joe’s Restaurant & Bar c/oFran Works Franchise Corp of Ste.210, 625 11th Ave SW, Calgary, ABT2R 0E1; currently operating “upscalecasual dining” units which target 25 to45 year-olds; hopes to open another 23locations by the end of ‘10 acrossWestern Canada, mostly in its homeprovince of AB; seeking 3,600 sq. ft.to 4,000 sq. ft. in end-caps or on padswith patios. Paul Monger, (778) 565-3066, Email: [email protected] Murphy’s International Inc of8000 NE Parkway Dr, Ste. 350,Vancouver, WA 98662; currentlyoperating 1,100 take-and-bake pizzalocations in 31 states and Canada; plansto open eight stores in Orange County,CA, over the next three months; inaddition, five new area developmentagreements are expected to result in 35new store openings over the next fiveyears; seeking 1,200 sq. ft. to 1,400 sq.ft. in shopping centers or on pads of25,000 sq. ft. Frank Gundersun, RealEstate, (360) 260-7272, Fax (360) 260-0500, Email: [email protected].

HOME DECOR/FURNISHINGSWilliams-Sonoma Inc dba Williams-Sonoma, Pottery Barn, Pottery BarnKids, PBteen, West Elm, andWilliams-Sonoma Home of 3250 VanNess Ave, San Francisco, CA 94109;currently operating 627 stores; com-pany plans to open three new Williams-

Sonoma stores, while closing four;Pottery Barn will open five units andclose seven; Pottery Barn Kids willopen two units while closing three;West Elm will open four stores andWilliams-Sonoma Home one unit whileclosing non; seeking 4,500 sq. ft. to6,500 sq. ft. in regional malls, lifestylecenters, and on urban streets. ArthurTropp, SVP Real Estate, (415) 402-5089, Fax (616) 439-7725, Email:[email protected].

HOME IMPROVEMENTLowe’s Companies, Inc of PO Box1111, Mooresville, NC 28659-1111;currently operating 1,649 storesthroughout the U.S. and Canada;company will test a downsized 66,000sq. ft.-format for use in smaller marketsin ‘09; 60 to 70 new stores will openthis year including one smaller, 66,000sq. ft. prototype; other locations require116,000 sq. ft. with an additional30,000 sq. ft. garden center; free-standing sites, power centers, enclosedmalls. and strip plazas. Gregory M.Bridgeford, EVP of Business Develop-ment, (336) 658-2312, Fax (336) 658-7235.

SUPERMARKETSGiant Food Stores, Martin’s FoodMarkets and Giant to Go div. of GiantFood Stores LLC of 1149 HarrisburgPike, Carlisle, PA 17013-0249;currently operating 172 super-markets—131 are food/drug storesthroughout PA, MD, VA, and WV; thecompany has opened the first of twoGiant to Go locations planned forLancaster County; the 4,422 sq. ft.convenience store will feature high-quality fresh produce, meats, deli, andbakery products, as well as a strongvariety of healthier "take-home"options for breakfast, lunch, anddinner. Gerry E. Adams, SVP RealEstate and Construction, (717) 245-7482, Fax (717) 240-7595, www.giantpa.com.Wegmans Food Markets, WegmansFood and Pharmacy, and Wegmansof P.O. Box 30844, Rochester, NY14603; currently operating 72 storesthroughout MD, NJ, NY, PA and VA;expanding throughout, Washington, DC,VA, and MD; seeking 120,000 sq. ft. to140,000 sq. ft. in power and strip centersand freestanding locations. Paul Gilbert,(585) 464-4755, Fax (585) 783-4255,

Email: [email protected] Stores, Inc of 5050Edgewood Court, Jacksonville, FL32254; currently operating 520 storesthroughout FL, AL, LA, GA, and MS;plans to open more stores in BatonRouge and all of LA. Philip E. Pichulo,Group VP of Development, (904) 370-7772, Fax (904) 370-7773, www.winndixiegrocerystores.com.

WAREHOUSE CLUBSCostco Wholesale Corp of 999 LakeDr, Issaquah, WA, Issaquah, WA98027; currently operating 553 ware-house stores; plans to open about 25 to30 stores this year; seeking 140,000sq. ft. primarily in U.S. and Canada.Real Estate Director, (425) 313-8181,www.costco.com.

The automotive chain Pep Boysis rolling out two new concept storesthis year to focus on “performance”vehicles such as muscle cars, trucksand certain imports.

The first smaller, service-ori-ented unit opened in Ventura, CA,and 15 more are to open later thisyear, with another 20-40 in 2010.

Its other concept, a store-within-a-store, is opening in LosAngeles.

Overall, the Philadelphia-basedchain ended the fourth quarter with562 stores. For the fiscal year, itlost $33.3 million as sales droppedto $465.5 million from $517.6 mil-lion.

New Concept Is Set By Pep Boys

Strasburg Children, an 84-unitspecialty chain based in Lenexa,KS, which operates in 25 states hasfiled for Chapter 11 bankruptcyprotection to enable it to restruc-ture.

Its 2009 revenue was $3.5 mil-lion, compared with $27.3 millionin 2008. It estimates it has 100-199creditors and between $1 millionand $10 million in assets and li-abilities.

Strasburg Children Files For Chapter 11


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