Issue 19 for the week of May 31, 1996

The Dealmakers Issue Number 19 for the week of May 31, 1996.

Supermarkets Shopping for Sites Nationwide

King Soopers, Inc. operates 68 locations in CO. The supermarkets occupy spaces of 50,000 sq.ft. in strip centers. Plans call for five openings in the coming 18 months. Expansion will take place in the existing market.

For more information, contact Gary Fritzler, King Soopers, Inc., 65 Tejon Street, Denver, CO 80223; 303-778-2074, Fax 871-9262.

Ralphs Grocery Company trades as Ralphs and Food 4 Less at 326 locations (270 Ralphs and 76 Food 4 Less) in CA. The supermarkets and warehouse-style supermarkets occupy spaces of at least 50,000 sq.ft. in freestanding facilities and strip centers. Growth opportunities are sought in the existing market.

For more information, contact Patrick Barber, Ralphs Grocery Company, 100 West Artesia Boulevard, Compton, CA 90220; 310-884-9000.

Alex/Lee, Inc. trades as Lowes Foods, Galaxy Stores and IGA at 50 locations in NC and VA. The supermarkets occupy spaces of 25,000 sq.ft. to 50,000 sq.ft. in power and strip centers. Preferred anchors include Kmart, Wal*Mart, T.J. Maxx, clothing stores and drug stores. Plans call for 10 openings in the coming 18 months. Expansion will take place in the existing markets. Leases running 20 years are typical.

For more information, contact Alex/Lee, Inc., 1381 Old Mill Circle, Winston-Salem, NC 27114; 910-659-0180, Ext. 3032, Fax 659-2434.

Whole Foods Market trades as Bread & Circus, Mrs. Gooche's, Well Spring Grocers and Unicorn at 45 locations nationwide. The natural foods supermarkets occupy spaces of 25,000 sq.ft. to 40,000 sq.ft. in downtown store fronts, freestanding facilities, specialty and strip centers. Growth opportunities are sought nationwide. The company prefers written proposals.

For more information, contact Jean Claude Lurie, Whole Foods Market, 3321 University Boulevard, Houston, TX 77005.

Ahold USA trades as Giant/Martin's at 74 locations in MD, PA, VA and WV. The supermarkets occupy spaces of 40,000 sq.ft. to 65,000 sq.ft. in freestanding facilities, power, strip and value centers. Plans call for 15 openings in the coming 18 months. Expansion will take place in the existing markets. Preferred demographics include a population of 30,000 within three miles earning at least $35,000 as the average income. Leases running 20 years, with six options of five years, are typical.

For more information, contact Richard Welsh, Giant Food Stores, 1149 Harrisburg Pike, Carlisle, PA 17013; 717-249-4000, Fax 240-1575.

Ahold USA trades as Bi-Lo at 260 locations in GA, NC, SC and TN. The supermarkets occupy spaces of 32,000 sq.ft. to 46,000 sq.ft. in freestanding facilities, power, specialty and strip centers. Plans call for as many as 10 openings in the coming 18 months. Expansion will take place in the existing markets. Preferred demographics include a population of 30,000 within two miles earning $30,000 as the average income. Leases running 20 years are typical.

For more information, contact Jeff Powers, Bi-Lo, Inc., PO Drawer 99, Mauldin, SC 29662-0099; 803-234-1600.

Harris-Teeter, Inc. trades as Harris-Teeter at 137 locations in GA, NC, SC, TN and VA. The supermarkets occupy spaces of 30,000 sq.ft. to 60,000 sq.ft. in freestanding facilities and strip centers. Growth opportunities are sought in the existing markets.

For more information, contact Emily Watkins, Harris-Teeter, Inc., 701 Crestdale Drive, Matthews, NC 28105; 704-845-3100, Fax 845-3165.

Jitney Jungle Stores of America trades as Jitney Jungle, Sack And Save, Mega Market, Budget Saver and Foodway at 105 locations in AL, AR, FL, LA, MS and TN. The supermarkets occupy spaces of 30,000 sq.ft. to 60,000 sq.ft. in freestanding facilities, power and strip centers. Growth opportunities are sought in the existing markets.

For more information, contact Steve Phillips, Jitney Jungle Stores of America, PO Box 3409, Jackson, MS 39207; 601-949-5468, Fax 352-0483.

The Kroger Co. does business as Kroger at 1,080 locations in AL, AR, GA, IL, IN, KY, LA, MO, MS, NC, SC, OH, TX, TN, VA and WV. The supermarkets, some of which have drug stores, occupy spaces of 40,000 sq.ft. in freestanding facilities and strip centers. Growth opportunities are sought in the Central, Southeastern and Southwestern regions.

For more information, contact Barbara Reibling, The Kroger Co., 1014 Vine Street, Cincinnati, OH 45202-1100; 513-762-4000, Fax 762-4390.

Supervalu, Inc. trades as Supervalu and various other tradenames at 4,000 locations nationwide. The supermarkets occupy spaces of 12,000 sq.ft. to 185,000 sq.ft. in freestanding facilities, power and strip centers. Plans call for 150 openings in the coming 18 months. Expansion will take place nationwide.

For more information, contact Jim Campbell, Supervalu, Inc., PO Box 990, Minneapolis, MN 55440; 612-828-4030, Fax 828-8918.

Arden Group, Inc. trades as Gelson's Markets at 12 locations in CA. The supermarkets occupy spaces of 35,000 sq.ft. to 40,000 sq.ft. in freestanding facilities. Growth opportunities are sought in the existing market.

For more information, contact Ernest Klinger, Arden Group, Inc., PO Box 2256, Los Angeles, CA 90051; 310-638-2842, Fax 631-0950.

Food Lion, Inc. trades as Food Lion at 1,085 locations in DE, FL, GA, KY, MD, NC, SC, TN, VA, WV, TX, OK, LA and PA. The supermarkets occupy spaces of 29,000 sq.ft. to 33,000 sq.ft. in power and strip centers. Growth opportunities are sought in DE, FL, GA, KY, LA, MD, NC, PA, SC, TN, VA and WV.

For more information, contact Ed Oberle, Food Lion, Inc., 2110 Executive Drive, Salisbury, NC 28145; 704-633-8250, Fax 636-5024.

Valu Food, Inc. trades as Valu Food at 17 locations in MD and PA. The supermarkets occupy spaces of 40,000 sq.ft. to 55,000 sq.ft. in strip centers. Growth opportunities are sought in the existing markets.

For more information, contact Louis Denrich, Valu Food, Inc., 4701 O'Donnell Street, Baltimore, MD 21224; 410-342-3910, Fax 342-6352.

Sunshine Marketing, Inc. trades as Sunshine Market at seven locations in PA. The supermarkets occupy spaces of 30,000 sq.ft. in strip centers. Growth opportunities are sought in the existing market.

For more information, contact Richard Dreher, Sunshine Marketing, Inc., 1492 Highway 315, Wilkes-Barre, PA 18702-7096; 717-829-1392, Fax 829-6551.

Giant Food/GFS Realty, Inc. does business as Giant Food and Super G at 165 locations in DE, MD, NJ, PA, VA and Washington, D.C. The supermarket and drug store combinations occupy spaces of 55,000 sq.ft. to 62,000 sq.ft. in freestanding facilities, power, specialty and strip centers. Plans call for 12 openings in the coming 18 months. Expansion will take place in the existing markets.

For more information, contact Eugene Doerfler, Giant Food/GFS Realty, Inc., PO Box 1804, Dept 671, Washington, D.C. 20013; 301-341-8422, Fax 618-4969.

Consolidated Affiliates, Inc. trades as Kings Supermarkets at 20 locations in NJ. The supermarkets occupy spaces of 30,000 sq.ft. in downtown store fronts, freestanding facilities, strip and specialty centers. Plans call for the opening of four units in the coming 18 months. Expansion will take place in Northern NJ, Westchester County, NY and Fairfield County, CT.

For more information, contact Virginia Ferrara, Consolidated Affiliates, Inc., 2 Germak Drive, Carteret, NJ 07008; 908-969-4598, Fax 969-4217.

Schnuck Markets, Inc. trades as Schnuck Markets at 90 locations in IL, IN, KS and MO. The supermarket and drug store combination units occupy spaces of 55,000 sq.ft. to 70,000 sq.ft. in freestanding facilities and strip centers. Plans call for six openings in the coming 18 months. Expansion will take place in the existing markets.

For more information, contact Mark Schnuck, Schnuck Markets, Inc., 11420 Lackland Road, St. Louis, MO 63146; 314-994-4444, Fax 994-4450.

Shop N Save Warehouse Foods operates 33 locations in IL and MO. The supermarkets occupy spaces of 55,000 sq.ft. to 65,000 sq.ft. in freestanding facilities, power and strip centers. Preferred anchors include Kmart, Grandpa's, Home Quarters and Home Depot. Plans call for as many as four openings in the coming 18 months. Expansion will take place in the existing markets. The company prefers a vanilla shell and typically signs leases running 15 years with options.

For more information, contact Don Lorimier, Shop N Save Warehouse Foods, PO Box 220068; Kirkwood, MO 63122; 314-984-1325, Fax 984-1370.

Mergers & Acquisitions

Houilhan's Restaurant Group, Inc. (816-756-2200) recently entered into a letter of intent relating to Zapata Corporation's proposed acquisition of Houilhan's for a combination of cash and stock worth $80 million. Houilhan's operates 50 Houilhan's restaurants and 31 Darryl's restaurants.

Moovies, Inc. (864-213-1700) recently signed an asset purchase agreement to acquire 23 video stores from American Multi-Entertainment, Inc. The stores trade as Premiere Video in IA, MN, NE, SD and WI. Moovies currently operates 158 video stores in 11 states.

Renters Choice, Inc. (214-419-2613) is in discussions with Colortyme, Inc. regarding its proposed acquisition by Renters Choice. No definitive agreements have been entered. Colortyme franchises television, stereo and furniture rental centers and Renters Choice operates 319 rent-to-own stores in 27 states.

Certified Groceries (213-726-2601) plans to acquire 11 of the 13 Petrini's grocery stores in Bay Area of CA for an undisclosed sum. Certified Groceries will likely re-sell the units to its grocer members.

Smith's Food & Drug Centers, Inc. (801-973-1700) recently reached an agreement with American Stores Properties, Inc. to sell and lease seven of its non-operating stores in Fontana, Garden Grove, Stanton, Arleta, Mission Viejo, Paramount and Santa Maria, CA.

Bryn Mawr Stereo & Video (610-277-2812) recently sold its company to Tweeter Etc. Bryn Mawr Stereo, which operates 13 stores in DE, MD, NJ and PA, will retain its name. Tweeter operates 19 stores throughout New England.

CompUSA, Inc. (214-982-4000) recently signed a definitive merger agreement to acquire PCs Compleat, Inc. a MA-based direct reseller of brand-name microcomputers and peripherals for three million shares of stock. The acquisition will allow CompUSA to expand its mail order business.

Melville Corp. (914-925-4000) plans to sell its 175-unit This End Up Furniture Co. chain to This End Up's management and an unnamed equity group. The deal is expected to close next month.

Broker Loses Commission--Lease Was A

New One Rather Than Extension of Old One

by Kenneth Rosen, Esq.

A real estate broker may not be entitled to a commission when a tenant (originally procured by the broker) signs a new lease instead of renewing or extending its original lease. Such was the case in the recent decision in Feist & Feist Realty Corp. v. 10 Park Place Associates and Ten Park Place Associates, Inc.

Ten Park Place Associates (a partnership) owned a building in Newark, New Jersey. The prior owner of the building entered into a commission agreement with Feist & Feist Realty Corp. The commission agreement stated that Feist would receive a six percent (6%) brokerage commission on the rental or any renewed options, lease extensions, and/or taking of additional space. The agreement said that it was binding upon any successor owner of the building.

In 1986, Feist successfully procured Essex County Division of Welfare as a tenant. The County's lease was for a period of five (5) years and included an option to renew for an additional five (5) years. In 1989, Ten Park Place Associates, Inc. (a corporation) purchased the building from the partnership and thereby became subject to Feist's brokerage agreement.

In July 1991, a few months before the County's lease expired, the County notified the corporation (new owner) that it did not wish to renew its lease, but did want to continue its tenancy on a month-to-month basis. When the County's lease expired on September 1, 1991, as planned the County remained in the building as a month-to-month tenant while searching for a new location.

The County was unable to find a new location for its offices. As a result, the County began to negotiate a new lease with the current owner in early 1992. The new lease became effective on April 1, 1992; however, the building owner refused to pay Feist a commission on either the County's month-to-month lease extension or the lease dated April 1, 1992.

Feist then sued for commissions due under its agreement. The sole question for the Court was whether the County's 1992 lease was an "extension" of the County's 1986 lease. In reviewing the agreement, the Court noted that any ambiguity in the agreement would be construed against the drafter of the agreement (Feist). The agreement provided for a 6% commission on the "total aggregate rental provided for in any renewal options, lease extensions, and/or taking of additional space..."

Feist argued that the County's 1992 lease was a renewal or extension of the 1986 lease. The Court disagreed with Feist's interpretation of the agreement and stated that, IN ORDER FOR A LEASE TO BE AN EXTENSION OF THE OLD LEASE, THE SUBSEQUENT LEASE MUST CONTAIN THE SAME GENERAL TERMS AS THOSE IN THE ORIGINAL LEASE. The Court found that the County did not renew its lease or take additional space. In fact, the terms of the County's 1992 lease differed significantly from its 1986 lease. Therefore, the Court found that Feist was not entitled to a commission.

Although Feist lost its commission on the 1992 lease, the Court did find that Feist was due commissions on the month-to-month rent paid by the County. The Court found that the month-to-month tenancy was an extension of the original lease because all of the terms remained the same.

A carefully-drafted brokerage agreement would have entitled Feist to a commission on the County's 1992 lease. The brokerage contract should have included a clause entitling Feist to commissions in the event that a new lease is entered into between the owner of the building and the County on any terms. Such language would have saved Feist a trip to court and, more importantly, would have provided Feist with additional income from the tenant it originally procured.

Convenience Stores Looking To Expand

SuperAmerica operates 400 locations in 17 states, with a main concentration throughout the Midwestern region. The convenience stores occupy spaces of 3,200 sq.ft. in freestanding facilities and strip centers. Growth opportunities are sought nationwide.

For more information, contact Bob Hartman, SuperAmerica, 1240 West 98th Street, Bloomington, MN 55431; 612-887-6100.

Arens Oil, Inc. trades as Kwik Store at 19 locations in MO. The convenience stores, which also pump gas, occupy spaces of 2,400 sq.ft. to 3,000 sq.ft. in freestanding facilities. Growth opportunities are sought in the existing market.

For more information, contact Dick Arens, Arens Oil, Inc., PO Box 106, Montgomery, MO 63361; 314-564-2107, Fax 564-3036.

Junior Food Stores, Inc. trades as Super Stop at 68 locations in AL and MS. The convenience stores occupy spaces of 1,200 sq.ft. in freestanding facilities. Growth opportunities are sought in the existing markets.

For more information, contact Tim Putnam, Junior Food Stores, Inc., PO Box 5338, Meridan, MS 39302; 601-483-8291, Fax 693-5410.

Englefield Oil Company does business as Duke & Duchess Shoppe at 89 locations in OH and WV. The convenience stores occupy spaces of 2,200 sq.ft. in freestanding facilities. Growth opportunities are sought in OH.

For more information, contact Frank McManus, Englefield Oil Company, 447 James Parkway, Heath, OH 43056; 614-928-8215, Fax 928-3844.

Gas America Services, Inc. trades as Gas America Services at 52 locations in OH and IN. The convenience stores, which also sell gasoline, occupy spaces of 2,000 sq.ft. in freestanding facilities. Growth opportunities are sought in the existing markets.

For more information, contact Richard White, Gas America Services, Inc., 409 Main Street, Shirley, IN 47384; 317-737-6101, Fax 737-6258.

Lease Signings

Divaris Real Estate, Inc. (804-497-2113) leased 3,200 sq.ft. to Chico's Mansion in Richmond, VA; 2,536 sq.ft. to Unique Hair Salon at East Towne Plaza Shopping Center in Richmond, VA; 1,600 sq.ft. to Power Play Hockey Supplies, Inc. at Victory Center in Newport News, VA and 1,200 sq.ft. to Sweet Reflections at Corner Shoppes in Newport News, VA.

CB Commercial Real Estate San Jose, CA (408-453-7440) leased 3,000 sq.ft. to Payless ShoeSource, 2,000 sq.ft. to Radio Shack, 1,600 sq.ft. to Taqueria Una Mas restaurant, 2,500 sq.ft. to Schlotsky's Deli, 1,600 sq.ft. to A Unique Effect, 1,600 sq.ft. to Cost Cutters and 3,100 sq.ft. to Pearle Vision at Metro 580 Shopping Center in Pleasanton, CA; 2,448 sq.ft. to Golden Bagel at Camden Park in San Jose; 1,530 sq.ft. to Golden Bagel at The Marketplace in San Jose, CA; 2,500 sq.ft. to Golden Bagel at McCarthy Ranch Marketplace Phase II in Milpitas, CA; 9,498 sq.ft. to Mancini's Sleep World in Santa Clara, CA and 6,000 sq.ft. to McWhorter's Stationers in Orinda, CA.

Pyramid Brokerage Company, Inc. (315-445-1030) leased 2,400 sq.ft. to Chamberlain Rental in Brewerton, NY and 5,500 sq.ft. to The Liverpool Diner in the Village of Liverpool, NY.

CM Commercial Realty, Inc. (410-515-0531) leased 6,000 sq.ft. to Blockbuster Video, 1,600 sq.ft. to Subway, and 1,200 sq.ft. to Tarten Dry Cleaners at Woodbridge Shopping Center in Edgewood, MD, and 7,000 sq.ft. to Movie King at Golden Ring Plaza in White Marsh, MD.

Harvey Lindsay Commercial Real Estate (804-640-8221) leased 10,000 sq.ft. to Q-Master Billiards at Waterside Festival Marketplace in Norfolk, VA.

CB Commercial Real Estate Group of Stockton, CA (209-476-2911) leased 2,500 sq.ft. to Pearle Vision at Bascom Square in Campbell, CA; 3,000 sq.ft. to Pearle Vision at McCarthy Ranch Marketplace Phase II in Milpitas, CA; 2,395 sq.ft. to Pearle Vision at Westgate Mall in San Jose, CA; and 3,100 sq.ft. to Pearle Vision at Metro 580 Shopping Center in Pleasaton, CA.

CB Commercial Real Estate Group of Riverside, CA (909-788-0880) leased 28,500 sq.ft. to Heilig Meyers Furniture Company in Corona, CA.

Investment Management Associates (305-661-0110) leased space to McDonald's at Kings Bay Shopping Center in Miami, FL. The company was a cooperating broker in the leasing of 30,000 sq.ft. to Just For Feet in Coconut Grove, FL.

Breslin Realty (516-741-7400) leased 7,735 sq.ft. to Party Giant Superstore at Whitepoint Shopping Center in Queens, NY and space to Vitamin Shoppe at Carle Place Center in Carle Place, NY.

Benj. E. Sherman & Sons (312-220-9000) leased 13,500 sq.ft. to Elek-Tek Computers in Chicago, IL.

The Sansone Group, Inc. (314-727-6664) leased 10,500 sq.ft. to Famous Brand Shoes at Dierbergs Clocktower Place in St. Louis, MO and 1,050 sq.ft. to Great Clips at Mid Rivers Center in St. Louis, MO.

Zell Commercial Real Estate Services, Inc. (602-248-0600) leased 3,033 sq.ft. to 99 Cent Store and 610 sq.ft. to Everett's Bar-B-Que at Main Street Marketplace in Mesa, AZ; 4,025 sq.ft. to Sorrento's Italian Kitchen in Mesa, AZ; 1,000 sq.ft. to Eaton Ventures in Mesa, AZ; 1,575 sq.ft. to Embroidery Trade Association Trust at Gilbert Towne Centre in Gilbert, AZ and 2,100 sq.ft. to Corporate Hairquarters at Cedar Hills Shopping Center in Flagstaff, AZ.

CB Commercial Real Estate Group (708-948-6965) leased 30,000 sq.ft. to The Gap for an Old Navy Clothing store in Chicago, IL.

Food Tenants Hungry for Sites Nationwide

Papa Murphy's operates 204 locations in CA, WA, OR, ID, NV, MT, CO and WY. The stores, selling unbaked pizzas, calzones, lasagna, etc., occupy spaces of 1,200 sq.ft. to 1,400 sq.ft. in freestanding facilities and end-caps of strip centers. Growth opportunities are sought in the existing markets.

For more information, contact Robert Graham, Papa Murphy's, 8000 NE Parkway Drive #350, Vancouver, WA 98662; 360-260-7272, Fax 260-0500.

Sybra, Inc. trades as Arby's at 152 locations in FL, MD, MI, PA, TX and VA. The fast food restaurants occupy spaces of 2,500 sq.ft. in freestanding facilities and pad sites of power centers. Preferred anchors include Wal*Mart. Plans call for six openings in the coming 18 months. Expansion will take place in Eastern PA, MI and TX. Leases running 10 years are typical.

For more information, contact Chuck Hyslop, Sybra, Inc., 8300 Dunwoody Place, Suite 300, Atlanta, GA 30350; 770-587-0290, Fax 594-7044.

Taco Cabana operates 132 locations in 10 states. The Mexican fast food restaurants occupy spaces of 3,500 sq.ft. in freestanding facilities. Plans call for as many as three openings in the coming 18 months. Expansion will take place in TX. The company prefers to buy land and build its own locations.

For more information, contact Brad Smith, Taco Cabana, 8918 Tesoro Drive, Suite 200, San Antonio, TX 78217; 210-804-0990, Fax 804-1970.

United States Beef Corp. trades as Arby's at 152 locations in AR, KS, MO and OK. The fast food restaurants occupy spaces of 800 sq.ft. to 3,500 sq.ft. in downtown store fronts, freestanding facilities, regional malls, outlet, specialty, strip and power centers. Plans call for 10 openings in the coming 18 months. Expansion will take place in the existing markets. Preferred demographics include a population of 50,000 within 25 miles earning $25,000 as the average income. Leases running 15 to 20 years are typical.

For more information, contact John Davis, United States Beef Corp., 4923 East 49th Street, Tulsa, OK 74137; 918-665-0740, Fax 664-2108.

Wendy's of Las Vegas trades as Wendy's at 74 locations in NV, IN and TX. The fast food restaurants occupy land spaces of 40,000 sq.ft. in freestanding facilities. Preferred anchors include Wal*Mart and supermarkets. Plans call for two openings in the coming 18 months. Expansion will take place in NV and IN. Leases running 20 years, with two options of five years each, are typical.

For more information, contact Joe Davenport, Wendy's of Las Vegas, 1614 East Lake Mead Boulevard, Las Vegas, NV 09030; 702-642-9011, Fax 642-7371.

Carisch, Inc. trades as Arby's at 18 locations in MT and ND. The fast food restaurants occupy spaces of 3,100 sq.ft. in freestanding facilities. Preferred anchors include Wal*Mart. Plans call for as many as four openings in the coming 18 months. Expansion will take place in the existing markets.

For more information, contact Jill See, Carisch, Inc., 641 East Lake Street, Suite 226, Wayzata, MN 55391-1794; 612-473-4291, Fax 473-4293.

Crown Liquors operates 22 locations in FL. The liquor stores, which also sell gourmet foods, occupy spaces of 4,000 sq.ft. to 5,000 sq.ft. in freestanding facilities and strip centers. Plans call for three openings in the coming 18 months. Expansion will take place in the existing market. Preferred demographics include a population of 100,000 within three miles. Leases running three years are typical.

For more information, contact Ray Brooks, Crown Liquors, c/o Realty Masters, 915 West Sunrise Boulevard, Ft. Lauderdale, FL 33311; 305-523-0943, Fax 462-0125.

Cucina! Cucina!, Inc. trades as Cucina! Cucina! Italian Cafe at 10 locations in OR and WA. The Italian restaurants occupy spaces of 6,000 sq.ft. to 7,500 sq.ft. in regional malls. Plans call for as many as eight openings in the coming 18 months. Expansion will take place in AZ, CA and CO.

For more information, contact Richard McKay, Cucina! Cucina!, Inc., 1745 114th Avenue SE, Suite 100, Bellevue, WA 98004; 206-635-3575, Fax 637-7055.

1 Potato 2, Inc. trades as 1 Potato 2 at 47 locations nationwide. The fast food restaurants, specializing in baked potatoes, occupy spaces of 400 sq.ft. to 600 sq.ft. in food courts of regional malls. Plans call for three openings in the coming 18 months. Expansion will take place in CA and WI.

For more information, contact Connie Martin, 1 Potato 2, Inc., 7000 Bass Lake Road, Suite 200, Crystal, MN 55428; 612-537-3833, Fax 537-4241.

Wometco Enterprises, Inc. trades as Baskin Robbins at 36 locations in Puerto Rico, the Bahamas and the Virgin Islands. The ice cream stores occupy spaces of 1,000 sq.ft. to 1,500 sq.ft. in regional malls and power centers. Plans call for six openings in the coming 18 months. Expansion will take place in Puerto Rico. Leases running five to 10 years are typical.

For more information, contact Arthur Hertz, Wometco Enterprises, Inc., 3195 Ponce De Leon Boulevard, Coral Gables, FL 33134; 305-529-1403, Fax 529-1466.

Pizzeria Management Systems, Inc. trades as Ronzio Pizza at 18 locations in RI. The fast food restaurants, specializing in pizza, submarine sandwiches and chicken wings, occupy spaces of 1,000 sq.ft. in strip centers. Plans call for two openings in the coming 18 months. Expansion will take place in the existing market.

For more information, contact Julian Angelone, Pizzeria Management Systems, Inc., 194 Waterman Street, Providence, RI 02906; 401-751-4470, Fax 331-4720.

Brew Moon operates two locations in MA. The restaurants and micro breweries, occupy spaces of 8,000 sq.ft. to 10,000 sq.ft. on pad sites. Growth opportunities are sought in CT and NY. The company is also planning to open units in Cambridge Square and Boston, MA.

For more information, contact Paul Faraca, Brew Moon, 100 Boylston Street, Suite 800, Boston, MA 02116; 617-451-5353, Ext. 15, Fax 451-5120.

Home Grown Industries of GA trades as Mellow Mushroom at 30 locations in GA and NC. The 1960's style pizzerias occupy spaces of 1,500 sq.ft. to 3,000 sq.ft. in freestanding facilities and strip centers. Plans call for the opening of four units in the coming 18 months. Expansion will take place in AL and GA.

For more information, contact Mike Nicholson, Home Grown Industries of GA, 695 North Avenue NE, Atlanta, GA 30308; 404-524-6133, Fax 223-5419.

Great Outdoor Sub Shop, Inc. trades as Great Outdoor Sub Shop at eight locations in TX. The restaurants, featuring submarine sandwiches, salads and ice cream, occupy spaces of 1,800 sq.ft. to 2,000 sq.ft. in freestanding facilities and end-caps of strip centers. Growth opportunities are sought in the existing market.

For more information, contact Gerry Oliverie, Great Outdoor Sub Shop, Inc., 6306-B Greenville Avenue, Dallas, TX 75206; 214-373-8259, Fax 373-6339.

Frullati trades as Frullati Cafe at 16 locations in AR, IL, MO, NC and TX. The stores, serving fruit smoothies and deli items, occupy spaces of 600 sq.ft. in downtown store fronts and specialty centers. Growth opportunities are sought within the existing markets.

For more information, contact Zack Dalal, Frullati, 5720 LBJ Freeway, Suite 370, Dallas, TX 75240; 214-490-8700, Fax 490-8787.

California Cafe Restaurants Corp. does business as California Cafe, Blackhawk Grille, Napa Valley Grille, Cafe Del Rey and Alcatraz Brewery at 18 locations in CA, FL, MN, PA, NY and IN. The restaurants occupy spaces of 7,000 sq.ft. in freestanding facilities and regional malls. Growth opportunities are sought in CO and NJ.

For more information, contact Mosen Aminifard, California Cafe Restaurant Corp., 5725 Paradise Drive, Suite 450, Corte Madera, CA 94925; 415-924-6600, Fax 924-3906.

Exclusives: Leasing & Management Assignments

MJB Real Estate Services Corp. (203-222-6200) has been appointed the exclusive leasing and managing agent of Westhill Plaza in Rocky Hill, CT. The 47,400 sq.ft. retail/office complex consists of four buildings. Approximately 1,750 sq.ft. of retail space is available and 1,000 sq.ft. to 2,500 sq.ft. of office space is available.

The Breder Companies (305-251-1520) has been named the exclusive leasing and managing agent of Shoppes of Killian in Miami, FL. The 36,000 sq.ft. project is anchored by Burger King, Subway, Food Spot, Lil Caesar's Pizza and Nationsbank.

The Sendera Group (409-776-2033) is handling the expansion plans for Curves International, a women's only fitness and aerobic center with 20 units operating in seven states. The chain is franchise driven and is looking to open 40 to 60 units by the end of the year. The company is seeking spaces running 1,200 sq.ft. to 3,500 sq.ft. in all types of centers, with second generation space preferred or white box, in AR, CO, KY, LA, NM, OK and TX. The company likes a trade area population of 25,000 to 30,000 and signs leases running three to five years.

Koll Real Estate Services (513-673-7600) has been appointed the exclusive leasing and managing agent of Richmond Mall in Richmond, KY. The 353,000 sq.ft. project is anchored by J.C. Penney, Dawahares, Goodys and Steinberg Electronics.

Charles Tingley Associates (209-221-1271) is the exclusive tenant representative for Me-N-Ed's Pizza Parlors, which has 34 units in CA. The company is looking to open additional restaurants in the Central and Northern CA and Dallas, TX markets. The compay is seeking end-cap or in-line spaces running 2,200 sq.ft. to 2,600 sq.ft. in strip centers, neighborhood centers and community centers. Twenty-five parking spaces are also preferred. The company typically signs leases running 12 years with two five-year options.

Investment Management Associates (305-661-0110) has been appointed the exclusive agent for Shoppes of Naranja Lakes in Naranja, FL. The project is anchored by Blockbuster and Rent-A-Center and is attached to Winn-Dixie Market Place and Kmart Plaza.

Buyers & Sellers of Commercial Properties

KLNB, Inc. recently brokered the sale of five sites to Men's Wearhouse. The men's wear chain will open stores at the newly acquired locations, which include: Spectrum at Reston Town Center in Reston, VA; Fair Lakes Promenade in Fairfax, VA; Springfield Mall pad site in Springfield, VA; 270 Center in Gaithersburg, MD and a site at Randolph Road and Rockville Pike in Rockville, MD.

For more information, contact John Meyer at (703-356-8230).

Sevo Miller, Inc. has the listing to sell a vacant 116,800 sq.ft. Kmart on nine acres of land in Federal Heights, CO. The asking price is $4 million. The site can also be leased for $4 NNN. The company is in the market to acquire value-added, high vacancy malls and/or strip centers nationwide.

For more information, contact Gene Stone at (303-721-1000), Fax (721-7244).

Scotmar Property Associates, Inc. co-brokered the sale of P. Cohen Hardware in Philadelphia, PA. The 33,000 sq.ft. store was sold to Pearl Artist & Crafts Supply for $2.225 million.

For more information, contact Jonathan Goldman at (610-825-7494).

Colliers Macaulay Nicholls International represented the buyer in its purchase of a 23,524 sq.ft. OfficeMax store in Kirkland, WA. The purchase price was $3.715 million.

For more information, contact Paul Sleeth at (206-223-0866).

McNeil Real Estate Management, Inc. is selling Island Plaza Shopping Center in Fort Myers, FL. The 60,616 sq.ft. project is anchored by Kash 'n Karry and has three pad sites ready for development. The asking price is $2.5 million. The company is also selling Edison Ford Square in Fort Myers, FL. The 144,069 sq.ft. project is located in Fort Myers redevelopment district and is a redevelopment candidate. The asking price is $5 million.

For more information, contact Larry Foster at (214-448-5838), Fax (448-5714).

Trout, Segall & Doyle LLC brokered the sale of a 5,500 sq.ft. building in Ellicott City, MD. The buyer was Duron, Inc. who will occupy 3,160 sq.ft. with Hair Cuttery and Pizza Boli occupying the rest. The purchase price was $1.325 million.

For more information, contact Mark Segall at (410-435-4000).

Trammel Crow Company represented the seller, Chrysler Capital Corp. in its sale of Market Square Mall in Jacksonville, FL. The 300,000 sq.ft. project was purchased by Samuel Price for $3.2 million.

For more information, contact Casey Rosen or Dennis Carson at (305-854-8855).

Charter Realty & Development Corp. brokered the assemblage and acquisition of an eight acre development parcel for Hannaford Brothers Supermarkets in Charlotte, NC, adjacent to Eastland Mall. Hannaford Bros. plans to construct a 55,000 sq.ft. supermarket on the site beginning in July. The store is expected to open during early 1997.

For more information, contact Charter Realty & Development at (203-629-3939).

Odana Management has the listing to sell Commerce Court Mall in Prairie du Chien, WI. The 93% occupied 131,648 sq.ft. project is anchored by Food Pride supermarket and True Value. The asking price is $2 million.

For more information, contact Dan Smith or Tom Baggot at (608-271-4606).

Bennett Williams, Inc. has the listing to sell a 14,600 sq.ft. building located on the ring road around Park City Mall in Lancaster, PA. The site, which can be expanded, is located near J.C. Penney, Sears, Boscov's, Toys-R-Us, T.J. Maxx and Phar-Mor. The site is also available for lease.

For more information, contact Scott Muller or Dave Nicholson at (717-843-5551).

Cushman & Wakefield has the listing to sell Sunnyside Country Club Village in Fresno, CA. The 125,055 sq.ft. project is anchored by OfficeMax and Orchard Supply Hardware. A Vons Supermarket also anchors the site, but is not part of the sale. The asking price is $8.9 million.

For more information, contact J. Russell Sherman at (415-773-3595).

Burnham Pacific is in the market to acquire existing properties and development sites, of at least 65,000 sq.ft., at in-fill locations in major metropolitan areas of CA. Preferred properties include neighborhood, community and power centers anchored by supermarkets, promotional, general merchandise and entertainment tenants. The company prefers to own the anchors as well as the shops while ground leases are acceptable. The company will consider any status of leasing or property condition, as long as the property is well located, and specialty centers will also be considered. The company's investment strategy encompasses stabilized market-dominant properties with supply-side restrictions; value-added opportunities offering potential near-term revenue enhancements that could result from reconfiguring obsolete space, repositioning the tenant mix, building expansion space for existing or new tenants and building out pads; and ground-up retail development opportunities.

For more information, contact Paul Caruso (Northern CA) at (510-820-7911), Fax (820-4720) or John Tercek (Southern CA) at (213-939-9802), Fax (939-6364).

Dietz Organization has the listing to sell Miller Square Retail Center in Flint, MI. The 31,278 sq.ft. project is anchored by Blockbuster Music Plus and Michaels Craft Store.

For more information, contact Rick Brace at (810-646-7701), Fax (646-0320).

Store Closings

Dunkin' Donuts (617-961-4000) recently closed four stores, two in Charlotte, and one each in Rock Hill and University City, NC, after the parent company sued its franchisee E. Woodrow Wilson for defaulting on a loan, failing to pay franchise fees and operating the stores without a license.

Fretter (810-220-5000) plans to close its last 10 stores in southeastern MI by the end of July.

Petrie Retail, Inc. (201-866-3600) recently announced that it plans to close 223 of its 1,229 stores nationwide as part of the company's attempt to reorganize under Chapter 11 bankruptcy. Included in the closures are the company's seven stores in CO. The company trades as Stuart's, Jean Nicole and Marianne.

Lead Sheet

Totes, Inc.

dba Totes Factory Stores

Marcia Day

10078 East Kemper Road

Loveland, OH 45140

513-583-2300, Fax 683-2748

Accessories

The 67-unit chain operates locations nationwide. The stores, selling weather-related apparel and travel accessories, occupy spaces of 3,000 sq.ft. in outlet centers. Plans call for 15 openings in the coming 18 months. Expansion will take place nationwide.

CWT Specialty Store, Inc.

dba Cherry & Webb

Walter Branson

505 Collins Street

South Attleboro, MA 02703

508-399-6000, Fax 761-7167

Apparel

The 54-unit chain operates locations in CT, MA, NH, RI and VT. The stores, selling intimate apparel, sleepwear, cosmetics, fragrances, jewelry, sportswear and shoes, occupy spaces of 12,000 sq.ft. in community malls, specialty and strip centers. Growth opportunities are sought in the existing markets.

Waterstone's Booksellers

Andy Shedlin

1014 Sheridan Road

Highland Park, IL 60035

847-433-3400, Fax 433-3593

Books

The 13-unit chain operates locations in MA, Great Britain and Ireland. The book stores occupy spaces of 5,000 sq.ft. in regional malls. Plans call for three openings in the coming 18 months. Expansion will take place in the Northeastern region.

Evenson's Card Shops, Inc.

dba Evenson's Card Shops

Steve English

Box 419317, Mail Drop 164

Kansas City, MO 64141-6317

816-274-7670, Fax 274-4800

Cards & Gifts

The 150-unit chain operates locations nationwide. The card and gift stores occupy spaces of 3,000 sq.ft. to 7,000 sq.ft. in freestanding facilities, regional malls, power and strip centers. Growth opportunities are sought nationwide.

CompUSA

Jeffrey Gove

c/o Topsfield Associates, Inc.

401 Edgewater Place, Suite 105

Wakefield, MA 01880

617-224-1943, Fax 224-4318

Computers

The 102-unit chain operates locations nationwide. The computer stores occupy spaces of 25,600 sq.ft. in strip centers. Plans call for 40 openings in the coming 18 months. Expansion will take place nationwide.

The Body Shop

Troy Berry

5036 One World Way

Wake Forest, NC 27587

919-554-1946

Cosmetics

The 300-unit chain operates locations nationwide. The stores, selling ecologically friendly, non-animal tested cosmetics and skin care products, occupy spaces of 800 sq.ft. to 1,000 sq.ft. in downtown store fronts and regional malls. Plans call for as many as 60 openings in the coming 18 months. Expansion will take place nationwide.

Duckwall-Alco Stores, Inc.

dba Alco Discount Stores

John Hedeen

401 Cottage Avenue

Abilene, KS 67410

913-263-3350, Ext. 118, Fax 263-7531

Discount

The 166-unit chain operates locations in AR, AZ, CO, IA, IL, KS, MN, NM, ND, SD, NE, WY, OK, TX and UT. The discount stores occupy spaces of 22,000 sq.ft. in freestanding facilities and strip centers. Preferred anchors include supermarkets. Plans call for 20 openings in the coming 18 months. Expansion will take place in the existing markets.

Dryclean U.S.A. Management, Inc.

dba Dryclean U.S.A.

Director of Real Estate

51 West 135th Street

Kansas City, MO 64145-1289

816-943-0575

Dry Cleaners

The 332-unit chain operates locations in FL, IN, KS, KY, MO, ND, OH, SC and TN. The dry cleaners and laundromats occupy spaces of 2,000 sq.ft. in freestanding facilities and end-caps of strip centers. Growth opportunities are sought in the existing markets.

Fairworld, Inc.

dba Festival Cleaners

Joseph Park

7531 Leesburg Pike/ Suite 201

Falls Church, VA 22043

703-821-6808, Fax 356-3670

Dry Cleaners

The 30-unit chain operates locations in MD, VA and Washington, D.C. The dry cleaning stores, which also offer alteration and shoe repair services, occupy spaces of 1,200 sq.ft. to 1,800 sq.ft. in power and specialty centers. Plans call for six openings in the coming 18 months. Expansion will take place in IL, MD, PA and VA.

Best Buy Company, Inc.

dba Best Buy

Marilyn Williams

7075 Flying Cloud Drive

Eden Prairie, MN 55344

612-947-2000, Fax 947-2316

Electronics

The 252-unit chain operates locations nationwide. The stores, selling consumer electronics, appliances, office equipment and computer products, occupy spaces of 45,000 sq.ft. to 58,000 sq.ft. in freestanding facilities and strip centers. Growth opportunities are sought nationwide.

Electronic Outlet

Gene Pedriani

500 North Center Street

Pottsville, PA 17901

717-622-2409, Fax 622-6040

Electronics

The six-unit chain operates locations in FL and PA. The stores, selling consumer electronics, cameras and watches, occupy spaces of 2,000 sq.ft. to 4,000 sq.ft. in regional malls. Plans call for two openings in the coming 18 months. Expansion will take place in FL. Preferred demographics include a trade are with a heavy tourist population. Leases running three to five years are typical and the company prefers a vanilla shell.

Carmike Cinemas, Inc.

Lamar Fields

PO Box 391

Columbus, GA 31994

706-576-3400, Fax 576-3441

Entertainment

The 537-unit chain operates locations nationwide. The movie theaters occupy spaces of 25,000 sq.ft. in freestanding facilities, power centers and regional malls. Plans call for 23 openings in the coming 18 months. Expansion will take place nationwide.

Beverly Fabrics, Inc.

dba Beverly Fabrics

Dick Sleeper

100 Cotton Way

Soquel, CA 95073

408-475-2910, Fax 475-2901

Fabric

The 31-unit chain operates locations in CA. The fabric stores occupy spaces of 14,000 sq.ft. in freestanding facilities and outlet centers. Plans call for two openings in the coming 18 months. Expansion will take place in the existing market. Preferred demographics include a population of 20,000 within three miles earning $40,000. Leases running five years, with options, are typical and the company prefers a vanilla shell.

Yankee Candle Co., Inc.

dba Yankee Candle

Anthony Villani

Box 110

South Deerfield, MA 01373

413-665-0004, Fax 665-8565

Gifts

The 28-unit chain operates locations in CT, MD, ME, MA, NJ, NY and RI. The stores, which sell scented candles, occupy spaces of 1,500 sq.ft. to 2,000 sq.ft. in downtown store fronts, freestanding facilities, regional malls and specialty centers. Plans call for as many as 24 openings in the coming 18 months. Expansion will take place in CT, DE, FL, GA, MA, ME, NC, NJ, NY, PA, RI, SC, VA and VT.

G.N.C.

Ben Rifkin

921 Penn Avenue

Pittsburgh, PA 15222

412-288-4775, Fax 288-2076

Health

The 2,600-unit chain operates locations nationwide. The stores, selling health and nutrition products, occupy spaces of 1,500 sq.ft. in a variety of real estate settings. Plans call for as many as 300 openings in the coming 18 months. Expansion will take place nationwide.

Butterfields Development, Inc.

dba Butterfields Etc.

Jim Lunceford

1040 Wm. Hilton Parkway

Hilton Head, SC 29928

803-842-6000, Fax 842-6999

Housewares

The 22-unit chain operates locations in FL, IN, KS, LA, NC, OH, SC, TX and WA. The stores, selling cookware, gadgets, ceramics, cutlery, linens, bakeware, cookbooks and gifts, occupy spaces of 1,500 sq.ft. to 2,100 sq.ft. in regional malls. Growth opportunities are sought in the existing markets.

A.A. Friedman Company, Inc.

dba Friedman's Jewelers

Bob Hatcher

2559 Washington Road

Augusta, GA 30904-3165

706-731-0037, Fax 736-3310

Jewelry

The 118-unit chain operates locations in AL, FL, GA, MS, NC, SC and TN. The jewelry stores occupy spaces of 1,200 sq.ft. to 1,500 sq.ft. in regional malls. Growth opportunities are sought in the existing markets.

Fashions of India

dba Glitters

Harry Mahtani

3 Millcreek Mall

Secaucus, NJ 07094

201-348-2217, Fax 348-5573

Jewelry

The one-unit chain operates a location in NY. The store, selling Italian jewelry, occupies a space of 800 sq.ft. in a regional mall. Plans call for as many as three openings in the coming 18 months. Expansion will take place in NJ and NY.

Sam Ash Music Corp.

dba Sam Ash Music

Jerome Ash

278 Duffy Avenue

Hicksville, NY 11801

516-932-6400, Fax 931-3881

Music

The 12-unit chain operates locations in CT, FL, NJ and NY. The stores, selling musical instruments, sound systems and sheet music, occupy spaces of 20,000 sq.ft. to 25,000 sq.ft. in freestanding facilities and strip centers. Plans call for as many as three openings in the coming 18 months. Expansion will take place in DE, OH and PA. Preferred demographics include a population of 100,000 within 20 miles earning $45,000 to $50,000 as the average family income. The company prefers a vanilla shell with additional leasehold improvements and typically signs leases running 10 years.

Eyecare Optical, Inc.

Jim Crittenden

PO Box 1441

Chattanooga, TN 37401

423-624-2535, Fax 629-7668

Optical

The 31-unit chain operates locations in AL, GA, KY, MS, TN, TX and VA. The optical stores occupy spaces of 4,000 sq.ft. in freestanding facilities. Growth opportunities are sought in TX.

Tiger Schulmann's Karate Centers

Jonathan Burke

c/o J.W. Burke & Company

350 Lexington Avenue

New York, NY 10016

212-682-4300, Fax 682-1898

Specialty

The 26-unit chain operates locations in CT, FL, NJ, NY and PA. The karate centers occupy spaces of 3,000 sq.ft. to 10,000 sq.ft. in downtown store fronts and strip centers. Plans call for five openings in the coming 18 months. Expansion will take place nationwide.

Eastern Mountain Sports

John Neppl

One Vose Farm Road

Petersborough, NH 03458

603-924-9571, Ext. 626, Fax 924-9138

Sporting Goods

The 63-unit chain operates locations throughout the Northeast, CO and MN. The sporting goods stores occupy spaces of 5,000 sq.ft. to 8,000 sq.ft. in regional malls, power and strip centers. Growth opportunities are sought in IL, MI and OH.

Kal-Med

dba Imperial Sports

Art Artrip

5117 South Dort Highway

Flint, MI 48507

810-744-9111, Fax 744-9118

Sporting Goods

The 49-unit chain operates locations in IL, IN, MI and OH. The sporting goods stores occupy spaces of 3,000 sq.ft. in regional malls, power and strip centers. Growth opportunities are sought in the existing markets.

Financial News...

Hollywood Entertainment Corp. (503-570-1600) reported that its first quarter revenue increased 140% to $65.1 million