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Downtown Tenants
Contributing writer: Linda J. Field
GREAT WRAPS
Parent Company: Gyro Wraps, Inc.
Concept: Food, serving wrap-style foods and cheese steaks.
# of Units: 44
Existing Market: AL, FL, GA, MD, NC, TN and TX
Expansion Plans: Great Wraps plans to open seven restaurants in the southeastern market during the next 18 months. The company is seeking spaces of 750 sq.ft. in downtowns, regional and community malls, outlet and strip centers. Leases of 10 years with options are typical. The company is franchising.
Contact Information: Mark Kaplan or Bob Solomon, Gyro Wraps, Inc., 57 Executive Park, Suite 440, Atlanta, GA 30329; 404-248-9900, Fax 404-248-0180.
PRATO MEN’S WEAR OUTLETS
Parent Company: Prato Men’s Wear Outlets
Concept: Apparel and accessories for men and young men.
# of Units: 11
Existing Market: NJ and NY
Expansion Plans: The company plans to open three locations in the existing market during the next 18 months. Spaces of 2,500 sq.ft. to 3,000 sq.ft. are sought in downtowns, malls and outlet centers. Leases of 12 to 15 years are typical.
Contact Information: Mohammed Ashmawy, Prato Men’s Wear Outlets, 28 West 34th Street, New York, NY 10001; 212-629-4730, Fax 212-465-9312.
MORTON’S OF CHICAGO STEAKHOUSE, BERTOLINI’S
Parent Company: Morton’s Restaurant Group
Concept: Restaurants, with Morton’s specializing in steaks and Bertolini’s specializing in Italian cuisine.
# of Units: 59
Existing Market: Nationwide
Expansion Plans: The company plans to open four sites nationwide in the next 18 months. Spaces of 7,500 sq.ft. are sought in downtowns, freestanding locations, malls and specialty centers. Leases of 15 years are typical. Preferred demographics include a population of 400,000 within five miles earning an average income of $50,000.
Contact Information: Allan Schreiber, Morton’s Restaurant Group, 3333 New Hyde Road, New Hyde Park, NY 10042; 516-627-1515, Fax 516-627-2050.
BANG & OLUFSEN
Parent Company: Bang & Olufsen America Inc.
Concept: Electronics, offering high-end stereo equipment.
# of Units: 40
Existing Market: Nationwide
Expansion Plans: The company plans on expanding nationwide in the next 18 months, with locations also sought in Canada and Mexico. Spaces of 1,300 sq.ft. to 1,500 sq.ft. are of interest, in downtowns, malls and specialty centers. Leases of 10 years plus options are typical. A tenant allowance of $100 per square foot is desirable.
Contact Information: Mike Glazer, Bang & Olufsen America Inc., 11726 Serama, St. Louis, MO 63131; 314-965-4512, Fax 314-821-5072.
ALTONI CAFE
Concept: Food, specializing in self-serve, easy-in, easy-out for busy workers. The restaurants offer both eat-in and take-out service.
# of Units: 46
Existing Market: IL, NY, NY and TX
Expansion Plans: The Altoni Cafe will be expanding in the next 18 months with locations sought in IL (Chicago), NY and TX. Spaces of 1,200 sq.ft. to 2,500 sq.ft. are of interest in downtown locations. Leases of five to 10 years are typical.
Contact Information: David Firestein, c/o Northwest Atlantic Partners, 709 Westchester Avenue, #103, White Plains, NY 10604; 914-328-2222, Fax 914-328-2121.
TRAVEL 2000
Parent Company: Travel 2000
Concept: Specialty, with virtually everything a traveler could need or want to be found in this store. Designed to make travel more convenient, the stores also carry adapters to convert electric current and travel clocks.
# of Units: 74
Expansion Plans: Travel 2000 plans to open as many as eight stores in the next 18 months. Spaces of 1,500 sq.ft. are sought in urban or downtown locations, malls, airports and specialty centers throughout the midstates, east coast and FL. Leases of nine years are typical and a vanilla shell is required.
Contact Information: Jerry Cook, Travel 2000, 3120 Spanish Oak Drive, P.O. Box 27156, , Lansing, MI 48911; 517-882-2988, Fax 517-882-1094.
(continued on page eight)
4M FASHIONS
Parent Company: Magawad Inc.
Concept: Apparel, specializing in dress and casual apparel for men and children. The stores cater to an African-American and Hispanic clientele.
# of Units: 9
Existing Markets: NJ and NY
Expansion Plans: The company plans to open two stores during the next 18 months and locations in GA (Atlanta), NC (Charlotte), NJ and SC are of interest. Spaces of 2,800 sq.ft. to 3,000 sq.ft. are sought in downtown locations and malls. Leases of three to five years with options are typical, and a vanilla shell plus tenant improvement allowances are required. The company is interested in taking over second-generation locations.
Contact Information: Mike Atallah, Magawad Inc., 1408 Atlantic Avenue, Atlantic City, NJ 08401; 609-347-7996, Fax 609-345-7889.
RENY’S
Parent Company: R.H. Reny, Inc.
Concept: Department store
# of Units: 15
Existing Market: ME
Expansion Plans: Reny’s plans to open as many as two stores during the next 18 months in its existing market. Locations of 20,000 sq.ft. are sought in downtown centers. Leases of 10 years are typical and a vanilla shell is required. Preferred demographics include a population of 10,000 within 10 miles.
Contact Information: Robert Reny Sr., R.H. Reny, Inc., One School Street, Damariscotta, ME 04543; 207-563-3177, Fax 207-563-5681.
IMPOSTERS, ELEGANT PRETENDERS
Parent Company: Premier Concept Inc.
Concept: Jewelry, offering classic faux jewelry inspired by famous designers.
# of Units: 38
Existing Markets: AZ, CA, CO, FL, LA, MD, MO, NJ, NV, VA, WA and Washington, D.C.
Expansion Plans: The company plans to expand in the next 18 months with openings slated for FL and IL (Chicago). Spaces of 600 sq.ft. are sought in downtown locations and entertainment centers. Leases of seven years are typical. Preferred demographics include a population of 1,000,000 within 10 miles earning an average income of $60,000.
Contact Information: Sissel Greenberg or Carol Goldstone, Premier Concept, Inc., 3033 South Parker Road, Suite 120, Aurora, CO 80014; 303-338-1800, Fax 303-338-5780.
VINCENT’S, FREDERIC GOODMAN’S, TAPPINS
Parent Company: Tappin’s, Inc.
Concept: Jewelry, including novelty/fashion adornments to precious metals and gems.
# of Units: 1 Tappins, 2 Frederic Goodman’s, 3 Vincent’s
Existing Market: NJ and NY
Expansion Plans: The company plans to open more stores in NJ during the next 18 months. Spaces of 1,000 sq.ft. to 1,500 sq.ft. are sought in downtown locations and regional malls.
Contact Information: Gary Goodman, Tappin’s, Inc., 452 Pompton Avenue, Cedar Grove, NJ 7009; 973-239-6201, Fax 973-239-6208.
HEALTHWORKS
Parent Company: Healthworks Fitness Center
Concept: Fitness, a health club for women only.
# of Units: 4
Existing Market: MA
Expansion Plans: Healthworks plans to open as many as four locations in MA and the northeast during the next 18 months. Spaces of 35,000 sq.ft. are sought in urban areas and malls. Leases of 20 years plus options are typical.
Contact Information: Mike Harrington, Healthworks Fitness Center, 441 Stuart Street, Fourth Floor, Boston, MA 02116; 617-859-8700, Fax 617-859-5821.
ROSA MEXICANO, PIATTI PRONTI, CITY GRILL
Parent Company: Shelter/Ruppert’s Group
Concept: Food, restaurants
# of Units: 7
Existing Market: NY
Existing Plans: The company plans to open as many as two restaurants in MA (Boston), NY (New York City) and Washington, D.C. Spaces of 3,000 to 4,000 sq.ft. are sought in urban/downtown locations.
Contact Information: Doug Griebel, Shelter/Ruppert’s Group, 2328 Broadway, New York, NY 10024; 212-877-3210, Fax 212-724-2750.
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