Author Archives: admindevand

Have You Heard………

Uni-Select Inc., the Boucherville, Quebec-based distributor of automotive refinish, industrial paint and automotive aftermarket parts, reported last week that one of its subsidiaries has completed the acquisition of all the outstanding shares of Autochoice Parts & Paints Ltd., the Dartmouth, Nova Scotia-based distributor of automotive aftermarket parts and paints in Atlantic Canada.  Autochoice currently has 18 locations in the region.  “These Atlantic stores are a very nice addition to our growing corporate store network in Canada and they complement our strong network of independent jobber customers," stated Brent Windom, President, CEO, Canadian Automotive Group. (Uni-Select Inc. – 450/641-2440 www.uniselect.com)......

Computer products and services chain Memory Express will be opening an 8870 square foot location at the South Hamilton Square in Hamilton, Ontario next year.  Fixturing is expected to start in early February.  Brennan Pearson at Shindico Realty Inc. handled the transaction on behalf of the tenant.  Operating since 1996, Memory Express currently operates stores in eleven stores in British Columbia, Alberta and Manitoba.  In addition to the Hamilton location, Memory Express is opening a unit on Blanshard St. in downtown Victoria on Vancouver Island and its first Saskatchewan location at 405 Circle Dr. in Saskatoon.  (Memory Express – 866/922-6369 www.memoryexpress.com).........

Crombie REIT has announced changes to its leadership structure to optimize the company's focus on, and execution of, its real estate and financial priorities. Crombie's realigned executive leadership team includes: Donald Clow, President and CEO, Glenn Hynes in the newly created role of Executive Vice President and COO with national oversight of operations, leasing, development and construction, Cheryl Fraser, Chief Talent Officer and Vice President Communications and John Barnoski, Senior Vice President Corporate Development.  A Chief Financial Officer and Secretary is to be appointed.  The transition to a national structure realigns responsibilities that currently exist regionally. Trevor Lee, Senior Vice President Western Canada, has been appointed to the newly created role of Senior Vice President Development and Construction.  Scott MacLean, Senior Vice President Eastern Canada, will retire in January 2019 after 25 years with the company. In connection with the realignment, Crombie will be conducting searches to identify a new CFO and a Senior Vice President National Leasing and Operations, a newly created position. Until a new CFO is appointed, Glenn Hynes will continue in this capacity in addition to his role as COO. (Crombie REIT – 902/755-8100)…….

Last week, Inner Spirit Holdings Ltd. opened its first two Spiritleaf franchise stores in Brooks and St. Albert in Alberta followed by a unit in Moose Jaw, Saskatchewan over the weekend. Later this week, a unit opens in Lethbridge in Alberta. Inner Spirit expects to open corporate stores in Calgary, Edmonton and Jasper along with 14 franchise locations across the province before the end of 2018. Marino Locations Ltd. are handling the site selection for the chain of recreational cannabis dispensaries. (Inner Spirit Holdings Ltd. – 403/930-9300  www.innerspiritholdings.com).........

McMillan LLP has added three new firm members as it continues to build out its Commercial Real Estate Group in Montréal.  Sonia Rainville has been hired as Partner and Émilie Therrien and Ève Lalancette have been hired as Associates. They have been added to the commercial real estate team as part of McMillan's continued commitment to strengthen its market presence in Québec.  Ms Rainville brings over 25 years of experience counselling companies and institutions with the acquisition, development and financing of real estate properties.  Ms Therrien has experience assisting local and international organizations with every aspect of purchasing, selling and financing of their real estate assets and projects and Ms Lalancette supports her clients by assisting them with their real estate financing, leasing, sales and acquisitions projects. McMillan's Commercial Real Estate Group serves a full range of organizations including financial institutions, investors, commercial and retail tenants, developers, property owners and managers. (McMillan LLP – 514/987-5000)…….

Toronto-based developer Great Gulf is the first Canadian developer to break ground in Washington DC's Union Market District. The Union Market District project with co-developer EDENS, a national retail real estate owner, operator and developer, is a 10-story mixed-use, multi-family development at 1300 - 4th St. NE, adjacent to the Michelin star restaurant Masseria. Totaling 153,000 square feet overall, the building will feature approximately 12,000 square feet of retail at ground level; 134 residential units with approximately 120 parking spaces; and more than 60 bike stalls for easy commuter and tourist transportation.  "We chose Union Market in the heart of Washington, D.C. because it's an opportunity to establish Great Gulf as a development company of choice in a significant American city and participate in the transformation of a diverse and thriving community," said Niall Collins, President Residential Great Gulf. (Great Gulf – 416/449-1340)……..

 

 

Town’s Retail Node……

Fraser Vrenjak and Ryan Kaitting at Cushman & Wakefield Waterloo Region are marketing for lease inline units of 1468 square feet, 2165 square feet and 5214 square feet in the Village Square Mall, a 111, 000 square foot open grocery-anchored centre in Smithville, a community in Ontario’s Niagara Region. Situated at 249 St. Catharines St., the centre includes a Foodland supermarket along with Home Hardware, Tim Hortons, etc.  The centre is on Hwy 20, a main highway to the QEW highway.  More than 7100 people are within a five kilometre radius of the centre and the household income in the area is over $100,700 per year.

 

 

Cushman & Wakefield Waterloo Region, 4295 King St. East, Suite 401, Kitchener, Ontario N2P 0C6 (Fraser Vrenjak – 519/804-4355 fraser.vrenjak@cushwakewr.com) & (Ryan Kaitting – 519/804-4339 ryan.kaitting@cushwakewr.com)

 

For Fall 2019………..

Natasha Eisenhardt, Michelle Weir and Steven Weiss at CBRE Ltd. are preleasing a new retail development set to be completed Fall 2019 at Bloor St. and Townline Rd. in Courtice, a community just east of Oshawa and about 60 kilometres east of Toronto.  The multiple-building plaza is on a main route to Hwy 401 and will include a Shell Gas station and Tim Hortons. Available units will range from 1100 square feet and up with opportunities for patios. The suggested uses include restaurant, quick service food, pet, hair grooming and spa, daycare and medical/pharmacy. Over 14,800 households are in a five kilometre radius of the site and the average household income in the area is in excess of $103,700 per year. The daytime population in a three kilometre radius is more than 13,200 people.

 

 

CBRE Ltd., 2005 Sheppard Ave. East, Suite 800, Toronto, Ontario M2J 5B4 (Natasha Eisenhardt – 437/828-0854 natasha.eisenhardt@cbre.com), (Michelle Weir – 416/495-6225 michelle.weir@cbre.com) & (Steven Weiss – 416/495-6317 steven.weiss@cbre.com)

 

Meeting Growth Demands…….

Dan Clark and Stefan Safrata at Sitings Realty are marketing for lease the Airdrie Crossing, a 100,000 square foot open project at the northwest corner of Hwy 2 and Veterans Blvd interchange in Airdrie, a community in the Calgary region. Developed in two phases, the development will join the existing 152,500 square foot Real Canadian Superstore and a neighbouring Canadian Tire, Marks Work Warehouse and Tim Hortons site.  The first phase is for Fall 2018 possession and in available in units ranging from 1000 to 10,000 square feet.  With almost 63,000 people with in a five kilometre radius, the area has experienced a population growth of over 26 percent over the past five years.  The median age is about 33-years and families make up 85 percent of the total population. The average household income within a three kilometre radius is in excess of $113,500 per year.   The project is being developed by Choice Properties REIT and possession on the second phase is expected for 2020.

Click here to download brochure (.pdf)

 

Sitings Realty Ltd., 1595-650 West Georgia St., Vancouver, British Columbia V6B 4N8 (Dan Clark – 604/628-2577 dan@sitings.ca) & (Stefan Safrata – 604/628-2583 stefan@sitings.ca)

 

Positive Response Leads to Growth……

M2GO is the latest quick service restaurant concept developed and launched by the Brampton, Ontario-based Mandarin Restaurant Franchise Corp.  The first M2GO unit has just opened in late 2017 at The Quad Student Complex at York University with a menu that, in addition to the most popular Mandarin signature dishes, also features a new Ban Mein and noodles/soup selections. There is also a varied selection of Chinese tea-based fruit flavored teas and smoothies available to complement the varied entrée choices. Based on a positive initial response, the company is planning an aggressive expansion of the concept.  While it presently has qualified franchisees on hand for the greater Toronto area and surrounding municipalities, the company continues to seek locations for each expansion.  M2GO restaurant will operates in 1,500 to 2,000 square foot locations in anchored plazas, large format centres and high traffic street front units and Bob Wheeler at Wheeler & Associates Consulting Inc. is responsible for the company’s real estate requirements.

top_bannerCATEGORY:   Quick service restaurants
Chain Name:  M2GO by Mandarin
Company Name: Mandarin Restaurant Franchise Corp.
Mailing Address: 3767 Nashua Dr., Mississauga, Ontario L4V 1R3
Tel: 905/678-6000                                       Fax:
Email:
  info@m2gobymandarin.com            Website:  www.m2gobymandarin.com
Menu Specialty: Popular Mandarin signature dishes, also features a new Ban Mein and noodles/soup selections and a complementary selection of Chinese tea-based fruit flavored teas and smoothies.
Introduced:  First unit opened in late 2017
No. of Locations: 1
Areas of Operation:  Ontario
Types of Location:  Plazas, Open centres & Street Front.
Business Type (corp., franchise, jv):  Franchise
Size Req’d:  1500 to 2000 sq.ft.
Special Requirements: Traffic, Visibility
Contact Name: James Chiu - Principal

REAL ESTATE REPRESENTATIVES:  Wheeler & Associates Consulting Inc., 4 Melita Place, Brampton, Ontario L6S 2Z3 (R.J. ‘Bob’ Wheeler – 905/458-0822, rwheelerconsulting@on.aibn.com)

FRANCHISE REPRESENTATIVES:
PARENT COMPANY:
Mandarin Restaurant Franchise Corp., Brampton, Ontario
Related Chains:  Basil Box, Uncle Bob’s Country Buffet, Mandarin Restaurants
Last Report:
Developers & Chains #1806

 

Opens No. Two…….

Saint Sushi Bar is a 25-seat casual Japanese and Asian-fusion restaurant that has been operating on Duluth Ave. East in Montreal’s Plateau neighbourhood for almost six years.  After several years in Montreal’s restaurant business, in early 2013, Saeng Outhipvongxay introduced the neighbourhood concept with a menu of music/entertainers related sushi and maki offerings, like The Maki Beatles, Maki Michael Jackson, Maki Bob Marley, etc.  After developing a following with its unique menu with its innovative items made with high-quality ingredients along with its young, music-forward atmosphere, Saint Sushi has taken the step into a second location.   Last week, a second Saint Sushi location opened on Greene Ave. in Montreal’s Westmount neighbourhood. The street front location is located between Sherbrooke St. West and Boul de Mainonneuve.

 

Saint Sushi, 1359 Green Ave., Westmount, Quebec H3Z 2A9 (514/507-7537 www.saintsushi.com)

 

 

More Luxury Brands……

An impressive line-up of luxury brands are included in the 140,000 square foot expansion of the Toronto Premium Outlets in Halton Hills that opened late last week.  The project, a joint venture between Simon Property Group and SmartCentres with over 500,000 square feet of retail space with more than 130 designer outlets, is located in the Halton municipality in greater Toronto’s northwest quadrant. Gucci, Montblanc, Prada and Zadig et Voltaire joined brands such as Burberry, Hugo Boss, Jimmy Choo, Stuart Weitzman, and Ted Baker.  Along with the line-up of luxury brands, Vancouver-based Aritzia, has launched its first outlet store in North America as part of the expansion. In addition, existing brands like Under Armour, Rudsak and Jimmy Choo have renovated and/or expanded. The expansion will add over 40 new stores, with the majority opening last week and more coming before the end of 2018. The centre's food mix is also enhanced with the introduction of Toronto Premium Outlets' first full-service restaurant, Madisons Restaurant & Bar, on the northwest side of the property, across from Starbucks.  There is also new fast casual and grab-and-go offerings including Cultures, Cacao 70, A&W, Real Fruit Bubble Tea and David’s Tea.  Toronto Premium Outlets attracts millions of shoppers each year and seven new touch-screen directories have been installed throughout the centre. Other enhancements include mobile phone charging stations, a second Guest Services Centre, an additional children's play area and a refreshed food pavilion.  For added convenience, the center's five-storey parking garage features heated ramps and an innovative system displaying the number and location of available spaces on each level.  Located at Hwy 401 and Trafalgar Rd., it is one of two Simon Premium Outlets Centres in Canada with brands offering savings up to 65 percent.  The SmartCentres/Simon joint-venture also operates the Premium Outlets Montreal that open in the Mirabel area in Fall 2014.

Simon Property Group Inc., 225 West Washington St., Indianapolis Indiana 46204 (317/636-1600)
SmartCentres, 700 Applewood Cres., Vaughan, Ontario L4K 5X3 (905/326-6400)

Merchant Operator First…..

This Fall 2018, David’s Tea celebrates ten years in operation. To celebrate the milestone, the brand introduced a special 10th Anniversary Collection, featuring signature tea blends and iconic first-to-market innovations. The collection includes favourite loose leaf teas, such as Organic Cream of Earl Grey, Mother's Little Helper and Forever Nuts, as well as a selection of hard goods including the Matcha Maker, Tea Press, Steeper, Perfect Spoon, etc. Since opening the first location in Toronto's Queen West neighbourhood in 2008, David’s Tea has become a publicly traded company with over 240 retail locations in Canada and United States, offering over 100 tea options and solid customer service.   "Over the last 10 years, David’s Tea has created a close community of tea lovers that have embraced our brand and products with great passion," says Nathalie Binda, Vice President, Marketing.  "Our knowledgeable tea masters ensure that every tea blend we introduce is curated with the most authentic selection of loose leaf tea from the gardens of Nepal, India, China, and from around the world. Every day, our team strives to deliver above-and-beyond experiences that take our customers on a journey of discovery." During its second quarter that ended in early August 2018, the company record a twelve percent drop in sales and a 14.8 percent drop in comparable store sales, compared to the previous second quarter.  At that time, the Executive Chairman and Interim CEO of David’s Tea Herschel Segal explained that with the new board that was elected in mid-June, the company has begun collaborative work to reverse the tide of recent negative quarterly results. “Following a thorough evaluation, we have determined that we need to get back to the basics of product innovation,” he said.  He also pointed out that the company had launched a new program with Loblaws, placing the David’s Tea lines in 450 stores across Canada.  “We are a merchant operator first and foremost, and we must deliver the right product at the right price,” he added.  “Our focus needs to be on improving our purchasing and delivering the brand wherever the consumers want it – in our stores, online or through other retail channels and other potential growth areas such as the hospitality and travel markets.”   Traditionally, the specialty stores operate in a variety of sites including enclosed malls, urban streetfront settings and outlet, power and lifestyle centres.  They generally range from 500 to 1000 square feet.  About 750 square feet is generally the preferred size. Rob Hart at Oberfeld Snowcap Inc. is handling the site selection in Canada and Adam Lieberman at Oberfeld Snowcap’s Montreal office is handling the street front search in Quebec for the company.

top_bannerCategory:  Specialty food
Chain Banner:  David’s Tea
Company Name:  DAVIDsTEA Inc.
Head Office Address: 5430 Ferrier St., Mount-Royal, Quebec H4P 1M2
Tel: 888/873-0006                        Fax: 514/739-0200
Email: customerservice@davidstea.com  Website: www.davidstea.com
Principal Use:  Over 100 types of teas, loose-leaf teas, pre-packaged teas, tea-sachets and tea-related gifts and accessories.
Introduced:  David Segal and Herschel Segal opened the first David’s Tea on Queen St. in Toronto in 2008. Company went public in 2015.
No. of Locations:  Over 240 stores in Canada and the United States
Areas of Operation:  Canada, United States
Types of Locations: Malls, Urban Streets, Outlet, Power & Lifestyle Centres
Size Required:  Enclosed Malls – 500 to 700 sq.ft., Urban Streefront – 700 to 1000 sq.ft., Outlets, Power & Lifestyle Centres – 500 to 1000 sq.ft.
Special Requirements:
Business Type:  Public Company, Corporate-owned stores.
Company Contacts: Herschel Segal – Executive Chairman, Interim CEO
Joe Bongiorno - CFO
April Sabral – Vice President Retail Sales & Operations
Nathalie Binda – Vice President, Marketing, E-Commerce
Real Estate Representatives: Oberfeld Snowcap Inc., 121 King St. West, Suite 1800, Toronto, Ontario M5H 3T9 (Rob Hart - 416/849-9403 rob@oberfeldsnowcap.com)
(Quebec Streetfonts) Oberfeld Snowcap Inc. 8000 Decarie Blvd., Suite 290, Montreal, Quebec H4P 2S4 (Adam Lieberman – 514/906-4315 adam@oberfeldsnowcap.com)
Franchise Representatives:
Related Retail Chains:
Last DC Report: Developers & Chains #1806

Now Focusing on QC & ON……..

Over forty years ago, Giovanni Fiorino, Louis Iacino, Jimmy Ponzo and Mario Iannuzzi purchased their first restaurant on St. Catherine St. West in Montréal. As a quick casual streetfront concept, Kojax Souflaki featured a Greek and Mediterranean-inspired menu of grilled meats, souflaki, yeros, pita sandwiches, platters, etc. all made with fresh, premium ingredients. Expansion soon followed and today, the chain is firmly established with about 13 locations in and around the greater Montreal area.  As a franchise concept, Kojax Souflaki continues to source operators both in Quebec as well as outside of the province.  While the franchising is handled in-house by CEO Joseph Iacino, the company has retained Iqbal Kamboj and Seta Donabedian at Oakmont Real Estate Services to handle the site selection.  The current focus is on expansion in select markets across Quebec and Ontario.  In addition to food courts in malls and mixed use projects, the Kojax Souflaki restaurant will operate in high traffic open centres and high street sites in a 1500 to 1700 square foot range.

top_bannerCATEGORY:   Quick Service, Quick Casual
Chain Name:  Kojax Souflaki
Company Name: Kojax Souflaki
Location Address:  2915 St. Charles Blvd., Suite 101, Kirkland, Quebec H9H 3B5
Tel: 514/693-8889                                   Fax: 514/693-5112
Email:
info@kojaxsouflaki.com               Website: www.kojaxsouflaki.com
Menu Specialty:  Fresh, made-to-order Greek and Mediterranean-inspired menu of grilled meats, souflaki, yeros, pita sandwiches, platters, etc.
Introduced: Giovanni Fiorino, Louis Iacino, Jimmy Ponzo and Mario Iannuzzi purchased their first restaurant on St. Catherine St. West in Montréal in 1977.
No. of Locations: 13
Areas of Operation:  Quebec, Ontario
Types of Location:  Food courts in mall and mixed use projects, Open centres, High streets
Business Type (corp., franchise, jv):  Private Company, Franchise
Size Req’d:  Food courts - 350 sq.ft., Open centres, Streetfronts – 1500 to 1700 sq.ft.
Special Requirements:
Contact Name: Joseph Iacino – CEO (joseph@kojaxsouflaki.com)
REAL ESTATE REPRESENTATIVES: Oakmont Real Estate Services, 1000 St John’s Blvd., Suite 203, Pointe Claire, Quebec H9R 5P1 (Iqbal Kamboj – 514/777-7198 iqbal@oakmontrealestateservices.com) & (Seta Donabedian – 514/927-9604 seta@oakmontrealestateservices.com)
FRANCHISE REPRESENTATIVES:
PARENT COMPANY:

Related Chains:
Last Report:
Developers & Chains #1806

 

 

 

 

 

 

Like a Love Song……

Caleb Lee opened his first Ramen Koika restaurant on Davie St. in Vancouver’s West End in March 2014, after visiting Japan to learn the art of making ramen noodles. In Spring 2018, he opened his second Ramen Koika restaurant in Vancouver, an 1800 square foot street front location at 1479 Robson St. at Nicola St.   In addition to the classic Japanese ramen, the restaurants also include a selection of locally-inspired ramen dishes with a wide selection of toppings, rice bowls, etc. The noodles are made in-house daily with no preservatives. Lee is planning to grow the Ramen Koika chain and has retained Tammy Lam at HQ Commercial to handle a search for suitable sites.  Presently the focus is on the Vancouver, Burnaby, Willoughby and Richmond markets.  The restaurants are targeting high traffic and highly visible street front units in the 1000 to 2000 square foot range. In addition, the chain is also exploring food court options in the Lower Mainland region. The word ‘koika’ means love song in Japanese.

 

HQ Commercial, #320, 1385 West 8th Ave., Vancouver, British Columbia V6H 3V9 (Tammy Lam 604/899-1122 tammylam@hqcommercial.ca)
Ramen Koika, 1231 Davie St., Vancouver, British Columbia V6E 1N4 (604/336-2779 www.ramenkoika.com)

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