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Katz & Associates Making Waves in the Retail Real Estate Community
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Katz & Associates Making Waves in the Retail Real Estate Community Katz & Associates focuses solely on retail real estate. The company represents public and private companies through its 10 regional offices, which all are staffed by its own employees. Katz’s senior staff members have all held positions with major real estate companies and average more than 20 years of experience in retail real estate. These staff members all possess extensive knowledge of their respective regions, which has resulted in more than $1 billion in real estate transactions being completed. Katz deals with landlords on the local, regional and national levels and has built relationships with them to better serve its clients. Although the company is known for being a full-service outsource, it does work with large and small companies alike in a variety of ways.
The company’s services include strategic planning, transactional leasing, portfolio disposition and portfolio analysis. Katz & Associates starts its assignments with the design of a plan that includes demographic analyses, evaluations of trade areas and assessments of site-selection requirements. The company’s plan considers all the location factors that may affect the long-term profitability of a retailer’s operation. Katz is often asked by some of the country’s leading retailers to manage the disposition of their portfolios or during the repositioning of their real estate assets. The company helped Foot Locker, Inc. dispose of the 300-store Woolworth chain several years ago and has also worked on several other high profile projects. Katz & Associates used tested techniques to minimize lease liability and bring in high returns to its clients. The company also has the ability to comprehend complex retail portfolios. Many of Katz’s clients use the company to analyze their portfolio and give recommendations for disposing, acquiring or repositioning assets. Katz & Associates is also available to put these plans into play.
Katz & Associates’ experience and knowledge has landed it a number of clients throughout the years. The company exclusively represents Linens ‘n Things nationwide and in Canada. Katz assists the home décor stores with strategic planning, market and site selection analysis and lease negotiations for new stores, expansions, relocations and dispositions. Linens n’ Things is one of the nation’s largest and fastest growing specialty retailers of home textiles, housewares and decorative home accessories. The home furnishing stores occupy spaces of 20,000 sq.ft. to 40,000 sq.ft. in power, strip and lifestyle centers, malls and freestanding locations.
Katz & Associates also represents Cost Plus World Market throughout AR, AZ, southern CA, CT, DE, FL, GA, HI, IA, ID, IL, IN, LA, MA, MD, ME, MI, MN, MS, MT, NC, ND, NE, NH, NJ, NM, NY, parts of NV, OH, OR, RI, SC, SD, TN, UT, northern and southern VA, WI, WY and Washington, DC. Cost Plus World Market is a specialty retailer that offers products such as furniture, kitchen accessories, collectibles and wine that are imported from around the world. The stores occupy spaces of 18,300 sq.ft. in power and strip centers, freestanding locations and malls.
The company’s portfolio also branches out to the restaurant world. Katz & Associates exclusively represents Chili’s Grill & Bar throughout Orange County, CA. The company’s services include strategic planning, market analysis and site selections for new locations. Chili’s is one of the nation’s largest and fastest growing family restaurant chains. The restaurants occupy spaces of 6,300 sq.ft. in power, lifestyle and strip centers, malls and freestanding locations. Katz also represents Macaroni Grill in southern CA. The Italian restaurants occupy spaces of 7,300 sq.ft. in freestanding locations, malls and power, strip and lifestyle centers. Also under Katz’s representation umbrella is Corner Bakery Cafe. The company represents the restaurant throughout southern CA. The cafes, featuring fresh baked bread, specialty sandwiches, soup, salad, pasta and desserts, occupy spaces of 2,700 sq.ft. to 3,500 sq.ft. The company is looking for sites in high exposure endcaps in shopping centers with a strong lunchtime crowd.
Other companies that Katz & Associates represent nationwide include Loehmann’s and Party City. Representation is also provided for Big Lots throughout the northeastern U.S.; Bombay in its expansion throughout AL, AR, FL, LA, MA, ME, MS, NC, NH, RI, SC, TN and VT; A.C. Moore in its expansion throughout FL, CT and select markets throughout the northeast; Jos. A. Bank throughout AL, FL, LA, Philadelphia, PA, MS and TN; Kirkland’s in its expansion throughout IA, IL and NE; Beauty First throughout southern CA, IL, Kansas City, KS; Las Vegas, NV, Cincinnati and Dayton, OH; St. Louis, MO and WA; Wild Oats Market in FL; Shoe Carnival throughout AL, GA, IA, IL, KY, MI, MN, MO, excluding Kansas City, NC, ND, NE, northern OH (Columbus and towns north of Interstate 70) SC, SD, TN and WI; Road Runner Sports throughout CA; Leathertown throughout CA and Books-A-Million throughout NC and SC.
Katz & Associates also leased 3,470 sq.ft. to Miga 50 at Fox Valley Walk in Aurora, IL on behalf of IBT Group, LLC. The 15,510 sq.ft. retail outlot on the pad of the Fox Valley Mall represents the redevelopment of a former Chi-Chi’s restaurant and is 100% leased to Caribou Coffee, Miga 59, BeautyFirst, More Space Place, T-Mobile, Qdoba Mexican Grill and Jamba Juice.
Although Katz is armed with such an extensive portfolio, the company continues to pursue new real estate ventures. The company currently has a space of 21,682 sq.ft. available for sublease on Sunrise Boulevard in Fort Lauderdale, FL. The space is located across from Galleria Mall. There is also 105,000 sq.ft. available for Phase II of The Shoppes at Castle Rock in Castle Rock, CO. The project, slated for a spring 2007 opening, is located adjacent to an existing Home Depot; 600,000 sq.ft. available at Rushmore Crossing, a lifestyle and power strip center in Rapid City, SD; more than 200,000 sq.ft. of anchor and inline space available at Altoona Walk in Des Moines, IA and spaces of 1,060 sq.ft. and 2,060 sq.ft. at O’Fallon Walk in O’Fallon, MO.
For the past 10 years, Katz & Associates has made a commitment to forming relationships to better serve its clients. The company is now looking ahead to find additional ways to help its clientele expand as well as adapt to the consistent changes in the world of retail real estate.
For more information, contact Daniel Katz, Katz & Associates Corp., One Blue Hill Plaza, Suite 1440, Pearl River, NY 10965; 845-735-6666, Fax 845-735-6680; email: dankatz@dkatz.com |