The retail marketplace is very competitive today. “Location, Location, and Location” have always been the three most important words in retail. Whether you are entering a market or expanding in an existing market you need the best quality representation to find you sites. This means getting in front of as many developers, brokers, and land sellers as possible!
FULL SERVICE SITE SELECTION
First we’ll assess the size and type of property your business requires. Then we will conduct a thorough search of all available properties using our extensive database. We will call or meet with a city official to determine what streets will permit your particular use. Then one of our agents or researchers will obtain as many viable sites as possible for your choosing.
We will conduct an in-depth analysis of your desired locations, including demographic profiles, based on population and household incomes. We’ll also monitor traffic counts and curb cut access to determine how attractive the site is to potential customers.
COMPARATIVE MARKET ANALYSIS
By researching the desired location markets, we can present an effective cost comparison, letting you know approximate land costs in your target area. We will also identify all your competition in the market place so you can determine whether you are still interested in entering a particular market. We will also identify all major traffic generators such as grocery stores and shopping centers.
Once a site identified that will meet your needs, we will negotiate vigorously on your behalf at your direction to obtain the best possible terms for your company. These include price, asking for appropriate “due diligence” periods, earnest money deposits, extensions, and any other contingencies needed by your company to complete its purchase.
Laws vary from city to city and state to state. We will examine all municipal zoning codes and “special or conditional use” requirements, and ADA building codes on a case by case basis, assuring thorough compliance for each client.
RESOURCES YOU CAN RELY ON
At Judd Lofchie & Associates, Inc., we have all the necessary resources to help you find the right site for your business. We rely on a number of proprietary databases, traffic count maps, demographic programs, professional relationships and industry associates to provide the most up to date and detailed real estate information, and to secure the best sites for our clients. Our meticulous site selection has successfully attracted customers which work with us on an exclusive basis like TRAK AUTO, KINDERCARE, DOLLAR GENERAL, ARBY’S, and J SILVER CLOTHING.
Whether you’re a business owner or a building owner, Judd Lofchie & Associates, Inc., has the staff, experience and resources to represent you in all your real estate transactions. Since 1987, we’ve lent our real estate expertise to retailers and landlords with one goal in mind. Complete client satisfaction. For all our clients!
THE INTERNATIONAL COUNCIL OF SHOPPING CENTERS (ICSC)
THE NATIONAL ASSOCIATION OF REALTORS (NAR)
THE REALTOR ASSOCIATION OF WESTERN SUBURBS (RAWS)
We are exclusive brokers for Dollar General in northern Illinois, covering the area north from Peoria. Requirements: 6,000-10,000+ square feet in strip centers or free standing buildings or 1 acre of land. Dollar general is NYSE listed with over 4,100 stores.
Our franchisor has 70 stores. Our exclusive territory is in the Las Vegas, Nevada metropolitan area and in Illinois from North Avenue south to Interstate 80! Requirements: We are looking for good fast-food drive-through sites approximately 30,000-40,000 square feet.
J SILVER CLOTHING
J Silver Clothing is a 70+ women’s clothing store chain. We’ve opened several stores in the Chicago Metro market. Requirements: 3,000-4,000 feet in urban ethnic areas with other fashion co-tenants like Fashion Bug, Payless, etc.. Looking for sites in Milwaukee, Chicagoland, and Northwest Indiana.
SuperWash has over 400 car washes. We are searching for sites Nationwide. Requirements: 1/2 acre, ideally 150 x 150 feet – near grocery stores. Need 24 hour zoning.