Issue 35 for the week of October 6, 1995

The Dealmakers Issue Number 35 for the week of October 6, 1995.

Sporting Good Stores Looking To Expand

Christy's Sports operates 18 locations in CO and UT. The stores, selling ski equipment, snowboards, bicycles, inline skates and patio equipment, occupy spaces of 5,000 sq.ft. in strip centers. Growth opportunities are sought in CO.

For more information, contact Keith Van Velkinburgh, Christy's Sports, PO Box I, Dillon, CO 80435; 303-468-2428, Fax 468-7693.

Performance Bicycle operates 31 locations in OR, WA, CA, IL, CO, VA and NC. The stores occupy spaces of 4,000 sq.ft. to 6,000 sq.ft. in downtown store fronts, freestanding facilities, power and strip centers. Preferred anchors include Barnes & Noble, Sports Authority, Blockbuster Video and movie theaters. Plans call for up to 20 openings in the coming 18 months. Expansion will take place in the existing markets and NH. The seven-year-old company, whicch caters to college educated, white collar customers ages 20 to 55, typically signs a 10-year lease and prefers a vanilla box with tenant improvements.

For more information, contact Jeffrey Howard, Performance Bicycle, c/o The Greenberg Group, 1200 West Broadway, Hewlett, NY 11557; 516-295-0406, Fax 374-0999.

Chick's Sporting Goods, Inc. trades as Chick's Sporting Goods at seven locations in CA. The stores occupy spaces of 40,000 sq.ft. to 50,000 sq.ft. in freestanding facilities, power centers and regional malls. Plans call for as many as two openings in the coming 18 months. Expansion will take place in Southern CA.

For more information, contact James Chick, Chick's Sporting Goods, Inc., PO Box 393, Covina, CA 91723-0393; 818-915-1685, Fax 339-1713.

Wavedancer, Inc. trades as Wavedancer Surfshops at four locations in MD and VA. The stores, selling surfing related sporting goods, snowboards, skateboards and related clothing, occupy spaces of 1,450 sq.ft. to 1,900 sq.ft. in regional malls. Growth opportunities are sought in the existing markets.

For more information, contact Vince Cerniglia, Wavedancer, Inc., 56 Annapolis Mall, Annapolis, MD 21401; 410-841-6779, Fax 266-5097.

Sport Mart operates two locations in WV. The sporting goods stores occupy spaces of 6,000 sq.ft. to 30,000 sq.ft. in strip centers. Plans call for one opening in the coming 18 months. Expansion will take place in the existing market.

For more information, contact John Smallridge, Jr., Sport Mart, c/o Smallridge Enterprises, 26 Capital Street, Charleston, WV 25301; 304-342-1906.

Food Tenants Looking for Sites Nationwide

Tam Food Service, Inc. trades as The Boathouse at six locations in NJ and NY. The restaurants occupy spaces of 2,000 sq.ft. to 15,000 sq.ft. in downtown store fronts and freestanding facilities. Plans call for three openings in the coming 18 months. Expansion will take place in the existing markets.

For more information, contact Frank Cretella, Tam Food Service, Inc., 1163 Forest Avenue, Staten Island, NY 10310; 718-720-5959, Fax 448-3872.

Shari's Management Corp. trades as Shari's Restaurants at 91 locations in CA, CO, OR, WA, WY and ID. The restaurants occupy spaces of 3,950 sq.ft. in freestanding facilities. Plans call for 20 openings in the coming 18 months. Expansion will take place in the existing markets. Preferred demographics include a population of 25,000 within three miles earning $45,000 as the average income.

For more information, contact Tom Gibbons, Shari's Management Corp., 8205 SW Creekside Place/ Suite D, Beaverton, OR 97008-7112; 503-641-6338, Fax 646-3185.

Bullets Corporation of America trades as Bullets at 20 locations in VA, GA and NV. The restaurants, serving burgers and barbecue chicken, occupy spaces of at least 725 sq.ft. in freestanding facilities, power centers and regional malls. Preferred anchors include Wal*Mart. Plans call for 75 openings in the coming 18 months. Expansion will take place nationwide. Preferred demographics include a population of 10,000 within one mile earning $35,000 as the average income. The three-year-old company typically signs a 20-year lease.

For more information, contact Dan McMurtrie, Bullets Corporation of America, 9201 Forest Hill Avenue #109, Richmond, VA 23231; 804-330-0837, Fax 330-5405.

RPM Pizza, Inc. trades as Domino's Pizza at 131 locations in AL, AR, LA and MS. The stores occupy spaces of 1,000 sq.ft. in freestanding facilities and strip centers. Plans call for three openings in the coming 18 months. Expansion will take place in LA and MS. Leases running three years are typical.

For more information, contact Thomas Holliday, RPM Pizza, Inc., Highway 49 & 5th Street, Gulfport, MS 39505; 601-832-4000, Fax 832-1092.

Sam's Cafe trades as Sam's Cafe and Canyon Cafe in AZ, MO and TX. The Southwestern-style restaurants occupy spaces of 6,000 sq.ft. to 7,000 sq.ft. in freestanding facilities and end caps of strip centers. Preferred anchors include other restaurants and parking for 150 cars is needed. Plans call for five openings in the coming 10 months. Expansion will take place in CA, MO and TX.

For more information, contact the Director of Real Estate, Sam's Cafe, 5710 LBJ Freeway/ Suite 350, Dallas, TX 75240; 214-991-0509, Fax 991-2798.

The Haagen-Dazs Shoppe Co., Inc. trades as Haagen-Dazs Shoppe at 235 locations nationwide. The stores, selling ice cream and frozen yogurt, occupy spaces of 750 sq.ft. in super regional malls. Plans call for 25 openings in the coming 18 months. Expansion will take place nationwide.

For more information, contact Sandra Louvier, The Haagen-Dazs Shoppe Co., Inc., 2476 Bolsover #546, Houston, TX 77005; 713-520-5450, Fax 520-5498.

Italian Oven, Inc. trades as The Italian Over Restaurant at 88 locations in AZ, DE, FL, GA, IN, KY, MD, NC, OH, PA, SC and TX. The restaurants occupy spaces of 4,000 sq.ft. to 5,000 sq.ft. in central business zones, freestanding facilities and end caps of regional malls and strip centers. Preferred anchors include Kmart and Wal*Mart. Plans call for more than 100 openings in the coming 18 months. Expansion will take place in the existing markets. Preferred demographics include a population of 50,000 within three miles earning $35,000 as the average household income. The six-year-old company, which is franchising, typically signs a ten-year lease with options and prefers a tenant allowance rather than landlord provided finish out.

For more information, contact Richard Kessler, Italian Oven, Inc., 11 Lloyd Avenue, Latrobe, PA 15650; 412-537-5380, Fax 537-8236.

High Tech Burrito operates 12 locations in CA. The Mexican quick-serve restaurants occupy spaces of 1,000 sq.ft. to 1,500 sq.ft. in specialty and strip centers. Preferred anchors include supermarkets. Plans call for 18 openings in the coming 18 months. Expansion will take place in CA. Preferred demographics include a population of 30,000 within two miles earning at least $55,000 as the average income. The nine-year-old company typically signs a five-year lease.

For more information, contact David Greensfelder, High Tech Burrito, 1525 East Francisco Boulevard/ Suite 5, San Rafael, CA 94901; 415-456-0606.

Thundercloud, Inc. trades as Thundercloud at 31 locations in TX. The submarine sandwich shops occupy spaces of 800 sq.ft. to 1,200 sq.ft. in freestanding facilities and outlet centers. Plans call for 12 openings in the coming 18 months. Expansion will take place in the existing market.

For more information, contact John Meddaugh, Thundercloud, Inc., 1205 San Antonio Street, Austin, TX 78701; 512-474-2363, Fax 474-2989.

Pasqua, Inc. trades as Pasqua Coffee Bars at 50 locations in CA and NY. The coffee bars occupy spaces of 250 sq.ft. to 2,500 sq.ft. in downtown store fronts. Plans call for as many as 40 openings in the coming 18 months. Expansion will take place in CA, NV, NY, PA, TX and Washington, D.C.

For more information, contact Joe Gurdock, Pasqua, Inc., 75 Broadway, San Francisco, CA 94111; 415-255-7997, Fax 255-7998.

In-N-Out Burgers, Inc. trades as In-N-Out Burgers at 100 locations in CA. The fast food restaurants, serving hamburgers and french fries, occupy spaces of 3,000 sq.ft. in freestanding facilities. Growth opportunities are sought in the existing market.

For more information, contact Fred Encinas, In-N-Out Burgers, Inc., 4199 Campus Drive/ Ninth Floor, Irvine, CA 92715; 714-509-6200, Fax 854-5369.

Joyce's Subs, Inc. trades as Joyce's Submarine Sandwiches at 12 locations in CO. The fast food restaurants, serving submarine sandwiches, occupy spaces of 900 sq.ft. to 1,200 sq.ft. in freestanding facilities, regional malls and strip centers. Growth opportunities are sought in the existing market.

For more information, contact David Meaux, Joyce's Subs, Inc., 1527 Havana Street, Aurora, CO 80010; 303-671-5609, Fax 344-1676.

Summit Family Restaurants trades as Hometown Buffet, Galaxy Diner and JB's Restaurants at more then 100 locations in the Rocky Mountain states. The family restaurants occupy spaces of 4,000 sq.ft. to 10,000 sq.ft. in freestanding facilities and in-line spaces of strip centers. Growth opportunities are sought in the existing markets.

For more information, contact Dave Ericson, Summit Family Restaurants, 1010 West 2610 South, Salt Lake City, UT 84119; 801-974-4300, Fax 974-4395.

Debain Corp. trades as a franchisee of Great American Cookies at 25 locations in TX, LA, FL, MD, VA and CO. The stores, selling cookies, occupy spaces of 500 sq.ft. to 900 sq.ft. in regional malls. Plans call for five openings in the coming 18 months. Expansion will take place in CO and TX. Leases running 10 years are typical.

For more information, contact Lawrence Cohen, Debain Corp., PO Box 690487, Houston, TX 77269-0487; 713-890-9240.

Woody's Macayo, Inc. trades as Macayo Mexican Restaurants at 12 locations in AZ and NV. The Mexican restaurants occupy spaces of 6,000 sq.ft. to 8,000 sq.ft. in power centers and regional malls. Growth opportunities are sought in the existing markets.

For more information, contact Gary Johnson, Woody's Macayo, Inc., 4001 North Central Avenue, Phoenix, AZ 85012; 602-264-1831, Fax 277-1795.

Strathmore Bagels operates 30 locations in NY. The restaurants, serving bagels, salads, muffins and croissants, occupy spaces of 1,700 sq.ft. to 2,500 sq.ft. in freestanding facilities and end caps of strip centers. Plans call for 20 openings in the coming 18 months. Expansion will take place in CT, NJ and NY.

For more information, contact Steve Shore, Strathmore Bagels, c/o Realco Group, 100 Ring Road West, Garden City, NY 11530; 516-294-7070, Fax 294-0096.

River City Food Co. trades as Finley's American Restaurants at 21 locations and Rally's at two locations in MD, MI and PA. Finley's is a full-service restaurant serving steaks, chicken and seafoods, while Rally's is a fast food concept. Both concepts use spaces of at least 1,200 sq.ft. in freestanding facilities. Growth opportunities are sought in MI.

For more information, contact Jim Webb, River City Food Co., 201 Monroe NW/ Suite 200, Grand Rapids, MI 49503; 616-776-7600, Fax 451-2900.

America's Steak Expert, Inc. does business as Firegrill and Mr. Steak at 30 locations in AL, CA, CO, IN, MN, MO, MT, NC, OH, OK, OR and PA. The Firegrill restaurants occupy freestanding spaces of 6,000 sq.ft. to 7,000 sq.ft. while Mr. Steak restaurants occupy freestanding spaces of 4,000 sq.ft. to 5,000 sq.ft. Preferred anchors include movie theaters. The restaurants also prefer to locate near malls and office buildings. Plans call for 10 openings in the coming 18 months. Expansion will take place in AZ, CA, CO and TX. Preferred demographics include a population of 50,000 within three miles earning $50,000 as the average income. The 33-year-old company, which is franchising, typically signs leases running 10 to 20 years with options and cites Outback Steakhouse and Lone Star Steakhouse as competition.

For more information, contact Jim Bishop, America's Steak Expert, Inc., 1401 17th Street/Suite 800, Denver, CO 80202; 303-293-0200, Fax 293-0299.

Price Candy trades as Price's Fine Chocolates at 65 locations in MO, IL, WI, OH, MN, WA, CA and IN. The stores, selling chocolate confections, gourmet coffee and soft serve yogurt, occupy spaces of 1,000 sq.ft. in regional malls and specialty centers. Growth opportunities are sought in the existing markets.

For more information, contact Dave Mastricola, Price Candy, 8300 N.E. Underground Drive, Kansas City, MO 64161; 816-455-6000, Fax 455-6004.

Rocky Mountain Chocolate Factory operates 165 locations nationwide. The stores, selling chocolate, candy and nuts, occupy spaces of 800 sq.ft. to 1,200 sq.ft. in regional malls, outlet and specialty centers. Plans call for 20 openings annually. Expansion will take place nationwide.

For more information, contact Franklin Crail, Rocky Mountain Chocolate Factory, 265 Turner Drive, Durango, CO 81301; 303-259-0554, Fax 259-5895.

Schlotsky's, Inc. trades as Schlotsky's Deli Restaurant at 406 locations worldwide. The restaurants, serving sandwiches, pizza, soup and salad, occupy spaces of 1,700 sq.ft. to 3,000 sq.ft. in downtown store fronts, freestanding facilities, power centers and regional malls. Plans call for at least 200 openings in the coming 18 months. Expansion will take place worldwide.

For more information, contact the Director of Real Estate, Schlotsky's, Inc., 200 West Fourth Street, Austin, TX 78701; 800-846-2867, Fax 477-2897.

Pizza Inn, Inc. trades as Pizza Inn at 460 locations in AL, AR, FL, GA, IL, IN, KS, KY, LA, MD, MO, MS, NC, NM, OH, OK, PA, SC, TN, TX, VA, WV as well as internationally. The pizza restaurants occupy spaces of 3,500 sq.ft. in freestanding facilities and strip centers. Growth opportunities are sought worldwide and the company is franchising.

For more information, contact David De Lagarza, Pizza Inn, Inc., 5050 Quoram Drive, Dallas, TX 75240; 214-701-9955, Fax 934-2314.

Midial U.S. Retail Group trades as Hot Sams at 175 locations nationwide. The stores, selling soft pretzels, lemonade and soft drinks, occupy spaces of 600 sq.ft. to 800 sq.ft. in regional malls. Growth opportunities are sought nationwide.

The company also trades as Original Cookie Company at 240 locations nationwide. The stores, selling cookies, occupy spaces of 600 sq.ft. to 800 sq.ft. in regional malls. Growth opportunities are sought nationwide.

For more information on the above two chains, contact Larry Payne, Midial U.S. Retail Group, 5885 Grant Avenue, Cleveland, OH 44105; 216-883-9700, Fax 883-2950.

Neuchatel Chocolates operates 10 locations in NY, MA, MN, NJ, PA and DE. The stores, selling Swiss chocolates, truffles, prailines, marzipan and chocolate covered fruits, occupy spaces of 250 sq.ft. to 450 sq.ft. in downtown store fronts and regional malls. Plans call for 20 openings in the coming 18 months. Expansion will take place nationwide.

For more information, contact Patricia Yepremian, Neuchatel Chocolates, 56 South Third Street, Oxford, PA 19363; 610-932-5600, Fax 932-4798.

Marie Callender's Restaurant operates 148 locations in the Western United States. The restaurants occupy spaces of 6,000 sq.ft. in freestanding facilities. Plans call for 10 openings in the coming 18 months. Expansion will take place in the existing markets.

For more information, contact Jim Arthur, Marie Callender's Restaurant, c/o Grubb & Ellis, 3991 MacArthur Boulevard #1500, Newport, CA 92660; 714-833-2900, Fax 833-8037.

Neubauer Restaurants Corp. does business as Burger King at 10 locations in AR and OK. The fast food restaurants occupy spaces of 3,000 sq.ft. in freestanding facilities and regional malls. Growth opportunities are sought in OK.

For more information, contact John Neubauer, Neubauer Restaurants Corp., 2900 Grand Avenue, Fort Smith, AR 72901; 501-783-8880, Fax 783-8885.

Nicar Management, Inc. trades as The Great Steak & Potato Co. at 155 locations nationwide. The restaurants, serving steak sandwiches and baked potatoes, occupy spaces of 650 sq.ft. in downtown store fronts, outlet and strip centers. Plans call for 25 openings in the coming 18 months. Expansion will take place nationwide.

For more information, contact Nick Lanni, Nicar Management, Inc., 222 High Street/ Third Floor, Hamilton, OH 45011; 513-896-9695, Fax 896-4377.

Great American Cookie Co. operates 300 locations nationwide. The stores, specializing in cookies, occupy spaces of 550 sq.ft. in regional malls. Growth opportunities are sought nationwide.

For more information, contact Arthur Karp, Great American Cookie Co., 4685 Frederick Drive SW, Atlanta, GA 30336; 404-696-1700, Fax 699-0887.

The Fudge Company operates seven locations in AZ, AL, KS and OR. The stores, selling homemade fudge, occupy spaces of 600 sq.ft. in freestanding facilities, regional malls and strip centers. Growth opportunities are sought in the existing markets.

For more information, contact Robert Hoffman, The Fudge Company, 103 Belvedere Avenue, Charlevoix, MI 49720; 616-547-4612, Fax 547-4612.

Ling Ling International trades as China Jump at 10 locations in MA, NJ and PA. The fast food Chinese restaurants occupy spaces of 1,200 sq.ft. to 2,700 sq.ft. in freestanding facilities and strip centers. Preferred anchors include Blockbuster Video. 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 three miles earning at least $35,000 as the average income. Leases running five years are typical and the company is franchising.

For more information, contact Alan Tang, Ling Ling International, 1800 Bloomsbury Avenue, Ocean, NJ 07712; 908-918-1477.

Euro Coffee operates 20 locations in CA. The cafes occupy spaces up to 2,000 sq.ft. in downtown store fronts, regional malls and specialty centers. Plans call for the opening of four units in the coming 18 months. Expansion will take place in the existing market. The 10-year-old company typically signs a 10-year lease and requires a vanilla shell.

For more information, contact Peter D. Cohen, Euro Coffee, 2127 Colby Avenue, Los Angeles, CA 90025-5306; 310-477-4424, Fax 575-0502.

Buffets, Inc. trades as Old Country Buffet at 240 locations nationwide. The restaurants occupy spaces of 10,000 sq.ft. in freestanding facilities and power centers. Preferred anchors include Target, Wal*Mart, TJ Maxx, Toys 'R Us and supermarkets. Plans call for as many as 40 openings in the coming 18 months. Expansion will take place nationwide. Preferred demographics include a population of 150,000 within five miles earning $40,000 as the average income. The 11-year-old company typically signs a 15-year lease.

For more information, contact Brad J. McNaught, Buffets, Inc., 10260 Viking Drive/ Suite 100, Eden Prairie, MN 55344; 612-942-9760, Fax 947-0118.

Buyers & Sellers of Commercial Properties

Odana Management has the listing to sell a 26,000 sq.ft. shopping center in Madison, WI. The NOI is $221,000 and the asking price is $2.2 million. The company also has the listing to sell a 16,640 sq.ft. mixed-use facility in Madison, WI. The NOI is $109,000 and the asking price is $1.3 million.

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

RJS/Jackson Group brokered the sale of Lake Worth Plaza in West Palm Beach County, FL. The 184,263 sq.ft. project is anchored by Winn Dixie, Walgreens, Marshalls, Lurias, Linen Supermarket and Blockbuster Video. Realty Management Company purchased the site from AEW #38 Trust for $9.05 million.

For more information, contact Bob Sullivan at (407-750-9100).

Allen Fuller Co. Realtors brokerd the sale of a Hollywood Video store in Killeen, TX.

For more information, contact David Mufson at (305-532-0881), Fax (532-0882).

Ray Wilkerson Company has the listing to sell 3.63 acres of land at the corner of US 183 and FM 620 in Austin, TX. The site is platted into four lots and is located near the 1.1 million sq.ft. Lakeline Mall, which is opening this month. The asking price is $2.536 million and financing is available.

For more information, contact Jim Spence at (512-458-5993), Fax (458-1648).

Murray & Associates is in the market to acquire credit anchored shopping centers nationwide. Projects with large vacancies will be considered.

For more information, contact Bob Sutton at (219-426-4704), Fax (424-3615).

Suntide Realty Services has the listing to sell Carrollton Park II in suburban Dallas, TX. The 112,254 sq.ft. project is 62% occupied by credit tenants. A population of 80,000 resides within three miles of the site. The asking price is $4.5 million.

For more information, contact Kyle T. Fair at (214-663-9464), Fax (663-9421).

Grubb & Ellis Commercial Real Estate Services brokered the sale of 11.2 acres of land in Irvine, CA to GM Equity for $6.4 million. GM Equity plans to construct a 130,000 sq.ft. retail center at the site.

For more information, contact Ian Brown or Jim Cunningham at (714-937-0881).

Colonial Properties, Inc. has the listing to sell 14.5 acres of land in Cromwell, CT. The site is approved for an 88,000 sq.ft. retail project and is located on Rt. 72 at a four-way interchange with I-91. The asking price is $2.5 million. The company is also in the market to acquire existing shopping centers throughout CT.

For more information, contact Stan Klein at (203-795-8060), Fax (795-8046).

Phillips Edison & Company is in the market to acquire shopping centers in FL and the Mid-Atlantic, Midwestern and Southeastern regions. Properties of interest should be at least 75,000 sq.ft., anchored by a discount tenant or supermarket and have upside potential.

For more information, contact Mike Phillips at (513-489-6540), Fax (489-8489).

The Nova Group has the listing to sell River Oaks Shopping Center in Georgetown, TX. The project is 80% pre-leased and is located adjacent to Wal*Mart, HEB Grocery, Hollywood Video and Taco Bell. The asking price is $1.3 million. The company has the listing to sell Marbach Square Shopping Center in San Antonio, TX. The 50,000 sq.ft., 100% occupied project is located across from Westlakes Mall. The asking price of $2.3 million is based on a 14.5% cap rate. The company also has the listing to sell Parliament Village Square in San Antonio, TX. The project has rents 40% to 50% below market. The asking price is $900,000.

For more information, contact Kevin Spruill at (210-308-6682), Fax (366-3937).

Ross Realty Group, Inc. has the listing to sell Hillsborough Commons in Tampa, FL. The project is fully leased and located on a major traffic artery. The asking price is $1.1 million.

For more information, contact William C. Clayton at (813-725-2800), Fax (726-6780).

R.W. Holmes has the listing to sell a 12,900 sq.ft. Kemp's in downtown Natick, MA. The asking price is $400,000.

For more information, contact Steven Greenberg at (508-655-5626), Fax (651-3415).

The Cotswold Group is in the market to purchase both new and older shopping centers up to 300,000 sq.ft. located within a 50-mile radius of Philadelphia, PA. Investment criteria for new projects include sites being located in a densely populated area with high traffic counts and between 50% and 80% leased. The company prefers rents slightly below market and properties needing some finishing will be considered. Properties of interest should be anchored by a supermarket or drug store and contain a number of credit tenants. The company also must be able to get up to 70% financing of the purchase through either the seller, an assumable financing plan or by going to the market for financing. Investment criteria for older projects include sites being located in a densely populated area with high traffic counts. Properties of interest include projects with below market rents, in need of re-hab, improvement of tenant mix or additional equity. Properties priced at 50% of replacement costs are also of interest.

For more information, contact Robert Shasha at (914-654-0035), Fax (654-0188).

Vita & Vita Realty Corp. brokered the sale of a 195,000 sq.ft. Kmart Center in Rutherford County, TN to Meriden Realty Associates. The company also has the listing to sell strip centers on the East Coast. These projects have expansion possibilities.

For more information, contact Anthony Vita at (201-227-5233).

Gelcor Realty has the listing to sell Oxford Point Shopping Center in Fairless Hills, PA. The 52,185 sq.ft., 100% occupied project is anchored by Giant Carpet, Commercial Credit, Leslie's Pools and Nevada Bob's Golf. The asking price is $5.75 million.

For more information, contact Kenneth A. Cohen or Asher G. Hyman at (215-627-5858), Fax (627-5812).

Lead Sheet

Name Brands, Inc.

dba Name Brands

Jim Breece

4705 South Memorial Drive

Tulsa, OK 74145

918-665-1629, Fax 664-2808

Apparel

The 34-unit chain operates locations in AR, KS, MO, NE, OK and TX. The family apparel stores occupy spaces of 3,000 sq.ft. to 5,000 sq.ft. in freestanding facilities, specialty and strip centers. Plans call for 15 openings in the coming 18 months. Expansion will take place in the existing markets.

Mennonite Publishing House

dba Provident Bookstores

Jack Scott

616 Walnut Avenue

Scottsdale, PA 15683

412-887-8500, Fax 887-3111

Books

The nine-unit chain operates locations in IL, IN and PA. The stores, selling books, music, office supplies, cards and stationary, occupy spaces of 4,000 sq.ft. to 8,000 sq.ft. in freestanding facilities, regional malls and strip centers. Growth opportunities are sought in OH.

Winslows, Inc.

dba Winslows

Robert Sailstad

PO Box 790

Duluth, MN 55801

218-722-1557

Cards/Gifts

The 15-unit chain operates locations in IA, IL, MI, MN and WI. The stores, selling Hallmark cards and gifts, occupy spaces of 3,000 sq.ft. to 4,000 sq.ft. in regional malls and strip centers. Growth opportunities are sought in the existing markets.

Dreams Franchise Corporation

dba Field of Dreams

Joie Casey

42-620 Carolina Court #103

Palm Desert, CA 92211

619-776-1010, Fax 779-0217

Collectibles

The 20-unit chain operates locations in AZ, CA, GA, HI, IL, MN, MO, NV, OR, TX and WA. The stores, selling autographed memorabilia, occupy spaces of 900 sq.ft. to 1,200 sq.ft. in regional malls. Preferred anchors include Lord & Taylor, Natural Wonders, Nordstroms and Warner Brothers. Plans call for 15 openings in the coming 18 months. Expansion will take place in AL, CA, CT, CO, FL, GA, IL, IN, MI, MO, NV, NY, OH, PA and TX. Leases running seven to 10 years are typical.

SAJ Distributors

dba USA Drug

Terry Viala

3017 North Midland Drive

Pine Bluff, AR 71613

501-535-2411, Fax 535-5601

Drug Store

The 15-unit chain operates locations in AR and LA. The drug stores occupy spaces of 8,450 sq.ft. to 23,000 sq.ft. in strip centers. Preferred anchors include supermarkets. Plans call for two openings in the coming 18 months. Expansion will take place in AR, LA, MS, OK or TX. The 11-year-old company typically signs an eight-year lease.

Fabric & Craft Bonanza

Nat Bassen

350 Karin Lane

Hicksville, NY 11801

516-681-0505, Fax 681-0636

Fabric

The 20-unit chain operates locations in CT, NJ and NY. The stores, selling fabrics and crafts, occupy spaces of 18,000 sq.ft. in downtown store fronts, freestanding facilities, regional malls, power and strip centers. Preferred anchors include Kmart and Wal*Mart. Plans call for as many as four openings in the coming 18 months. Expansion will take place in CT, NJ, New York City and Long Island, NY. Preferred demographics include a population of 100,000 within five miles earning $35,000 as the average income. Leases running 10 years with options are typical.

Norwalk Furniture

dba Norwalk-The Furniture Idea

Bob Young

100 Furniture Parkway

Norwalk, OH 44857

419-668-4461, Fax 663-0021

Furniture

The 50-unit chain operates locations throughout North America. The stores, selling sofas, fabrics and occasional pieces, occupy spaces of 5,000 sq.ft. in freestanding facilities, specialty and strip centers. Plans call for 20 openings in the coming 18 months. Expansion will take place throughout North America. The company is franchising.

Carl's Hair Stylists

dba Hair Clip

Carl Catlin, Jr.

2908 S. Wtr. Pt. Drive

Annapolis, MD 21401

410-658-5773

Hair Salon

The 22-unit chain operates locations in DE and MD. The salons occupy spaces of 850 sq.ft. in regional malls, power and strip centers. Preferred anchors include drug stores and supermarkets. Plans call for three openings in the coming 18 months. Expansion will take place in the existing markets. Preferred demographics include a population of 30,000 within three to five miles earning $35,000 as the average income. The 34-year-old company typically signs a five-year lease for three options of five years each.

Lincoln Park Painters Supply

Don Witt

2040 Fort Street

Lincoln Park, MI 48146

313-389-1600, Fax 383-1422

Home Center

The 17-unit chain operates locations in MI and OH. The stores, selling a full line of paint supplies as well as automotive equipment, occupy spaces of 3,000 sq.ft. to 6,000 sq.ft. in freestanding facilities. Plans call for one opening in the coming 18 months. Expansion will take place in MI.

Silver & Gold Trading Company, Inc.

dba Silver & Gold Connection

William R. Engelbrecht

6 East Clementon Road

Gibbsboro, NJ 08026-1199

609-346-3005, Ext. 37, Fax 346-9858

Jewelry

The 45-unit chain operates locations in CT, RI, MA, NY, NJ, DE, PA, VA, WV, MD and NC. The stores occupy kiosk spaces of 150 sq.ft. in regional malls. Preferred anchors include fashion tenants and women's apparel tenants. A high traffic location is also preferred. Plans call for as many as eight openings in the coming 18 months. Expansion will take place in the existing markets. Preferred demographics include a population of 150,000 within five miles earning $30,000 as the average income. The 18-year-old company typically signs leases running three to five years.

Zale Corporation

dba Zale, Gordon, Corrigan's,

Baily Banks & Biddle

Jay Lepselter

901 West Walnut Hill Lane

Irving, TX 75038-1003

214-580-4000, Fax 580-4481

Jewelry

The 1,039-unit chain operates locations nationwide. The stores occupy spaces of 1,200 sq.ft. to 6,000 sq.ft. in downtown store fronts, regional malls and specialty centers. Plans call for 75 openings during 1996. Expansion will take place nationwide.

United Health Care, Inc.

dba United Optical

Louis Puglese

2811 Lord Baltimore Drive

Baltimore, MD 21244

410-265-6084, Fax 265-5013

Optical

The 51-unit chain operates locations in GA, MD, NY, TX, VA, WV and Washington, D.C. The stores occupy spaces of 1,500 sq.ft. in strip centers. Growth opportunities are sought in MD, TX, VA and Washington, D.C.

Jack's Aquarium & Pets

J.G. Brenner

1755 Spaulding Road

Dayton, OH 45432

513-252-9947, Fax 252-0761

Pet Store

The 23-unit chain operates locations in FL, KY and OH. The stores occupy spaces of 5,000 sq.ft. to 6,000 sq.ft. in power centers. Preferred anchors include TJ Maxx and Wal*Mart. Plans call for three openings in the coming 18 months. Expansion will take place in OH, KY and IN. Preferred demographics include a population of 50,000 within three miles earning $30,000 as the average income. Leases running five to seven years are typical.

Leslie's Poolmart

dba Leslie's Swimming Pool Supplies,

Pool Mart

Kathy Hall

20222 Plummer Street

Chatsworth, CA 91311-2108

818-993-4212, Fax 993-1930

Pool Supplies

The 223-unit chain operates locations nationwide. The stores, selling pool supplies, occupy spaces of 3,500 sq.ft. to 4,200 sq.ft. in freestanding facilities, power and strip centers. Plans call for 60 openings in the coming 18 months. Expansion will take place nationwide.

International Center for Enterpernual Development

dba Ink Well, Copy Club, Kwik Kopy,

American Wholesale Thermographers

Liz Campbell

PO Box 777

Cypress, TX 77429

800-942-9526, Fax 713-373-4450

Printing

The 51-unit chain operates locations nationwide. The stores, offering copying, printing and thermography services, occupy spaces of 1,500 sq.ft. in strip centers located in urban areas. Growth opportunities are sought nationwide.

Photo Drive-Up Franchising, Inc.

dba Photo Drive-Up

David Lopez

1900 Camden Avenue

San Jose, CA 95124

800-835-9772, Fax 408-371-8635

Service

The 27-unit chain operates locations in CA. The stores, offering one-hour photo processing and copying services as well as renting and selling new videos, occupy spaces of 2,000 sq.ft. to 3,000 sq.ft. in freestanding facilities and strip centers. Preferred anchors include supermarkets. Plans call for 12 openings in the coming 18 months. Expansion will take place in the existing market. Preferred demographics include a population of 50,000 within three miles earning $45,000 as the average income. Leases running five years are typical. The 21-year-old company is franchising and cites Blockbuster and Kinko's as competition.

Postal Annex +, Inc.

David Wilkey

9050 Friars Road/ Suite 400

San Diego, CA 92108

619-563-4800, Fax 563-9850

Service

The 160-unit chain operates locations nationwide. The stores, offering packaging, shipping, copying and postal services, occupy spaces of 900 sq.ft. to 1,500 sq.ft. in downtown store fronts and power centers. Preferred anchors include supermarkets. Plans call for 60 openings in the coming 18 months. Expansion will take place in AZ, CA, OR and TX. Preferred demographics include a population of 30,000 within three miles earning $55,000 as the average income. Leases running five years with a five-year option are typical. The 10-year-old company is franchising and cites Mailboxes, Etc. and Pak Mail as competition.

Lichterman Shoe Co.

dba Dottie's, Lottie's

Kip Lichterman

712 Crump Boulevard

Memphis, TN 38126

901-774-8920, Fax 774-8929

Shoes

The 65-unit chain operates locations in AR, GA, KY, NC, SC, TN and VA. The family shoe stores occupy spaces of 3,000 sq.ft. in regional malls and strip centers. Plans call for seven openings in the coming 18 months. Expansion will take place in CO, MN, MO and TX.

Speedy Sign-A-Rama

J.J. Premdamand

1601 Belvedere Road/ Suite 402E

West Palm Beach, FL 33406

407-640-5570, Fax 640-5580

Specialty

The 229-unit chain operates locations nationwide. The stores, which design and manufacture all types of signs, occupy spaces of 1,000 sq.ft. to 1,200 sq.ft. in specialty and strip centers. Plans call for 125 openings annually. Expansion will take place worldwide.

Signature's

Judy Wetzel

Box 228

Allison Park, PA 15101

412-443-6660, Fax 443-3944

Stationary

The three-unit chain operates locations in PA. The stores, selling writing instruments, fine paper, designer gift wrap, upscale cards and seasonal gifts, occupy spaces of 1,000 sq.ft. to 2,000 sq.ft. in regional malls and airports. Plans call for up to five openings in the coming 18 months. Expansion will take place in OH and PA. The company is also looking for spaces in upscale strip centers.

The Learning Express, Inc.

Lou DiMinico

76 Farmers Row

Croton, MA 01450

508-448-2333, Fax 448-9995

Toy Stores

The 18-unit chain operates locations in CA, CT, MA, NH, NJ and OH. The stores occupy spaces of 2,000 sq.ft. to 3,500 sq.ft. in downtown store fronts, specialty and strip centers. Growth opportunities are sought in the existing markets.

Movie Warehouse Management, Inc.

dba Movie Warehouse

Ed Houlihan

450 Southland Drive

Lexington, KY 40523

606-276-0014, Fax 276-1377

Video Store

The 47-unit chain operates locations in FL, KY, OH, TN and TX. The video stores occupy spaces of 4,500 sq.ft. to 6,000 sq.ft. in freestanding facilities and strip centers. Plans call for two openings in the coming 18 months. Expansion will take place in KY and TX. Leases running 10 years are typical.

Waban, Inc.

dba BJ's Wholesale Club

George L. Drummey

1 Mercer Road/ PO Box 9601

Natick, MA 01760

508-651-6063, Fax 651-6070

Wholesale Club

The 62-unit chain operates locations in MA, MD, NH, VA, FL, NJ, NY, RI, CT, PA, ME and DE. The stores occupy spaces of 115,660 sq.ft. in freestanding facilities, power and strip centers. Plans call for 25 openings in the coming 18 months. Expansion will take place in the existing markets.

Financial News

Blockbuster Entertainment Group (305-832-3000) recently stopped selling franchises and instead plans to concentrate on developing company-owned stores. The company has franchises in more than 200 markets nationwide and has 657 franchised stores of its total of 2,965 stores.

Kmart Corp. (810-643-1000) plans to sell its remaining 29% interest in The Sports Authority through a public offering of its six million shares of common stock. The company also recently sold its remaining 5.39 million shares of Borders Group common stock it held to Borders Group. The sale netted Kmart approximately $73 million.

NeoStar Retail Group (612-893-7801) recently reported a $5.67 million loss for its second quarter, compared to a loss of $4.44 million during the same period last year. Comparable store sales were down six percent as well.

Manhattan Bagel (908-544-0155) and Blimpie Associates (212-673-5900) recently entered into a co-branding agreement which will allow Manhattan Bagel to sell its bagels and spreads at kiosks inside Blimpie Subs restaurants.

Smith's Home Furnishings (503-222-7258) recently filed for Chapter 11 bankruptcy, listing assets of $69.4 million and liabilities of $71 million. The company, which operates 17 appliance and electronics stores in ID, OR and WA, plans to close its stores in Bellevue, Southcenter and Spokane, WA, and will consider closing other stores as well. The company plans to emerge from bankruptcy as a smaller chain, focusing on its strongest markets.

The Right Start, Inc. (818-707-7100), which publishes a catalog and operates an 11-unit chain of stores selling merchandise for infants and young children, recently had 62% of its common stock purchased by an investment group led by Kayne, Anderson Management, Inc.

Stop & Shop Companies, Inc. (617-380-8000) reported that its second quarter sales increased 4.1% to $923.3 million compared to $887.2 million for the same period last year. Net earnings increased $200,000 to $20.5 million from $20.3 million last year. However, comparable store sales decreased 0.5% for the quarter. The company currently operates 130 Stop & Shop supermarkets in CT, MA, NY and RI.

Amber's Stores, Inc. (214-682-9993), which operated as many as 39 arts and crafts stores in TX, recently filed for Chapter 11 bankruptcy protection listing assets of $16.2 million and liabilities of $16.3 million. The company plans to close 17 stores and restructure around 20 stores in smaller markets.

Best Buy (612-947-2000) reported that its second quarter revenues increased 54% to $1.438 billion, compared to $933 million during the same period last year. Comparable store sales increased seven percent during the quarter. However, second quarter earnings fell to $5.714 million from $7.6 million. During the quarter, the company opened 11 stores in NC, CA, OH, SC, MO, MI and TX and plans to open 27 more stores in CA, MD and OH during its third fiscal quarter. The company currently operates 224 consumer electronics stores in 27 states.

Circuit City Stores, Inc. (804-527-4000) reported its total sales for the second quarter increased 31% to $1.6 billion from $1.22 billion during the same period last year. Net earnings for the quarter grew 14% to $41.2 million from $36.1 million. During the quarter, the company opened 15 consumer electronics superstores in CO, IL, TX, VA, NC, WA and OR. The company also opened one CarMax location in GA. The company currently operates 335 superstores, 32 Circuit City Express stores and four CarMax used car locations nationwide.

The Dress Barn, Inc. (914-369-4500) reported that sales for its fiscal year ended July 29 increased 10% to $500.8 million, compared to $457.3 million during its last fiscal year. Comparable store sales for the year rose one percent. During the year, the company opened 108 stores and closed 30 stores to finish with 766 stores nationwide.

Caldor Corp. (203-846-1641) filed for Chapter 11 bankruptcy protection listing assets of $1.2 billion and liabilities of $883 million. The company, which operates 166 discount stores in 10 Eastern states, plans to continue operating all of its stores and obtained a $250 million debtor-in-possession financing agreement from Chemical Bank.

Drug Emporium (614-548-7080) reported that its net sales for the second quarter fell to $167.8 million from $184.2 million during the same period last year. The decline was attributed to the company operating 16 fewer stores and a one percent decrease in comparable store sales. The company currently operates 114 company-owned and 94 franchised discount drug stores nationwide.

Circle K Corp.'s (602-437-0600) bid to purchase the 661 Stop N Go convenience store chain from National Convenience Stores for more than $200 million was rejected by NCS' board of directors.

Sonic Corp. (405-280-7654), which owns and franchises 1,450 restaurants in 27 states, recently filed a registration statement with the Securities and Exchange Commission to offer 2.17 million shares of common stock. The company plans to use proceeds from the sale to continue its expansion and repay debt.

Garden Ridge Corp. (713-579-7901) reported that its second quarter net sales increased 53% to $26.65 million compared to $17.377 million during the same period last year. Net income for the quarter rose 57% to $453,000 compared to $289,000 last year and comparable store sales increased one percent. The company, which currently operates eight home decor stores in KY and TX, plans to open stores in OK, TN, TX, FL and NC.

Giant Food, Inc. (301-341-8480) reported that sales for its 12-week period ended August 12 increased 3.6% to $856.515 million, compared to $826.4 million during the same period last year. Net income increased to $17.765 million from $14.671 million last year and comparable store sales increased 1.7%. During the quarter, the company opened food and drug stores in VA, DE and NJ and is planning to open four more stores and break ground on seven stores before the end of the year. The company currently operates 162 supermarkets and three drug stores.

Who's Opening and Where...

Barnes & Noble (212-633-3512) plans to open a 25,000 sq.ft. bookstore in Medford, OR; a 25,000 sq.ft. store in Billings, MT, its first in the state, and a 20,000 sq.ft. unit in Joilet, IL during early 1996.

Staples, Inc. (508-370-8967) is planning to open its first store near Trolley Square at the Fred Meyer complex Salt Lake City, UT by March 1996 and may open as many as five units before the end of 1996.

Manhattan Bagel Company (908-544-0155) recently signed an agreement to place 13 stores or branded cases at Star Enterprises Texaco-branded gas stations in southern New Jersey. The company also recently opened its first store in Washington, D.C. through its franchisee Agnes, Inc. Manhattan Bagel Co. operates 125 franchised and company-owned stores in 13 states.

Nobody Beats The Wiz (908-602-1900) recently opened a store in Albany, NY and is planning to open a unit in Moorestown NJ.

Tandy Corp. (817-390-3011) recently opened an Incredible Universe store in Westbury, Long Island, NY and is planning to open a 200,000 sq.ft. Incredible Universe in Houston by the end of this month.

FootAction USA (214-634-7755) recently opened a store at Civic Center Mall in Hartford, CT. The company currently operates 450 stores nationwide.

OnRamp Technologies, Inc. (214-744-9449) recently opened five units trading as The Internet Store in Dallas and Houston, TX and Atlanta, GA. The concept offers Internet access and assistance in developing World Wide Web sites in addition to a training center and kiosks that allow customers to compare the different levels of Internet access. The company is planning to open as many as 30 stores in the Chicago, IL; Denver, CO; New York, NY; San Francisco, CA; Kansas City, MO; Phoenix, AZ; St. Louis, MO and FL markets.

Saks Fifth Avenue (212-940-5700) plans to open a 16,200 sq.ft. Off-5th store at Arizona Factory Shops during November.

Gander Mountain (414-862-2344) recently opened a 38,000 sq.ft. sporting goods store at Maple Grove Crossing Shopping Center in Maple Grove, MN. The company currently operates 17 stores.

Space Place

New Jersey

Bellmawr- A 600,000 sq.ft. project that will be opened during Fall 1997 has anchor positions of 65,000 sq.ft. and larger available for lease. The site fronts Rt. 42 and is located near the Deptford Mall. Demographics include a three-mile population of 98,641 earning $40,875 as the average income and a five-mile population of 285,707 earning $41,672 as the average income. In Brooklawn- Brooklawn Shopping Center is anchored by Kmart and ShopRite Supermarket. The 144,000 sq.ft. project has spaces of 1,600 sq.ft. and 5,000 sq.ft. available for lease. The site fronts Route 130 and Browning Road. Demographics include a three-mile population of 90,136 earning $34,470 as the average income and a five-mile population of 376,236 earning $31,392 as the average income. In Somers Point- Somers Point Plaza is anchored by Acme and Jamesway. The 225,000 sq.ft. project has spaces of 700 sq.ft., 1,300 sq.ft., 5,400 sq.ft. and 8,811 sq.ft. available for lease. A 50,000 sq.ft. addition will be constructed during 1996. The site fronts NJ State Route 9 and Bethel Road which generate a daily traffic count of 18,000 vehicles. Demographics include a three-mile population of 27,998 earning $45,400 as the average income and a five-mile population of 65,000 earning $44,302 as the average income. Other retailers in the area include Fashion Bug, West Coast Video, Radio Shack and Athlete's Foot.

For details, contact Gloria Mercado of Brahin Properties at (215-563-7222), Fax (563-2449).

Ohio

Perrysburg- Fort Meigs Plaza is anchored by Big Lots, FoodTown Supermarket and Rite Aid. The 104,990 sq.ft. project has spaces of 1,425 sq.ft. and 3,206 sq.ft. available for lease. The site fronts South Boundary East and Louisiana Avenue. In Toledo- The Marketplace at Miracle Mile is anchored by Cub Supermarket and F&M Discount Drugs. The 167,700 sq.ft. project has a space of 8,000 sq.ft. available for lease. Space is also available for an additional anchor tenant and one outlot tenant. The site fronts Jackman and Laskey Roads. Demographics include a three-mile population of 110,950 earing $39,019 as the average income and a five-mile population of 217,543 earning $40,757 as the average income. The site is located near the Miracle Mile Shopping Center.

For details, contact Stephen Serchuk or Sam Zyndorf of Zyndorf/Serchuk, Inc. at (419-249-7070), Fax (255-2439).

Van Wert- Shannon Station is anchored by Wal*Mart, Pic 'N Save and Fashion Bug. The 145,607 sq.ft. project has spaces of 1,200 sq.ft. and 1,400 sq.ft. available for lease. The site fronts Shannon Street and Fox Road. Demographics include a five-mile population of 30,464 earning $32,004 as the average income.

For details, contact David D. Darling of Malan Realty Investors, Inc. at (810-644-7110), Fax (644-7880).