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May 18, 2011
  Volume 13 - Number 20 
Streamlining the Business of Commercial Real Estate
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In This Issue
Mazes in the Workplace
Hot Deals/Leads
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TOP OF THE WEEK TO YOU!
(by realwired! CEO, Brenda Dohring Hicks)

Brenda Dohring Hicks

 

Top of the Week to You! is designed to offer the inside scoop and latest of what's important in the world of technology as it relates to the commercial real estate industry.

Mazes in the Workplace

Mazes.  We've all done them sitting in a waiting area of some kind, haven't we?  They help pass the time when we're otherwise feeling anxious about wasting our time "waiting".  Generally there's no real reward to completing them.  There's no cheese at the finish.  There's little, if any sense of accomplishment.  As a matter of fact, some of them are so easy you don't have to use a writing instrument to complete them, you can simply see the way out.  Nonetheless, even those take and waste time.   

 

How many times do we start our day like this?

Maze 5182011

How many times do we start a project like this and trudge forward corner by corner and accept the fact that we have to double back and try another path?  We know it's not productive.  And we know that most of us hold jobs where it's not inevitable to proceed within in the path.  We know the best thing to do is to plan first and act or to figure out the quickest path through the maze and then automate the route.  Clearly most mazes aren't too difficult and that's why it's tempting to just jump in not knowing how we'll get through, but having confidence that we will.  After all, how many mazes have you ever worked through only to find there really is no way out?  None.  That's the reason we tend to just jump in.  Moving through the maze with bumps along the way produces results and taking time to plan the best route may seem like a waste of time.  Heck, maybe getting bumped and bruised along the way feels challenging and so we feel rewarded when we make it through.  But in a world where time is a precious commodity, I'm thinking that for most of us playing the maze game can't possibly feel as good as knowing what the more direct path is. 

 

So what can we do?  We can implement procedures and process.  I have a love/hate relationship with procedures and process.  I love the effectiveness of process.  My career and my clients are better because I'm a scholar of process.  I hate being a part of redundancy, it's boring.  But there's a big difference in being trapped in redundancy and having good processes. That's the basis of why I'm most passionate about processes.  I'm passionate about the freedom that process enables and I know that sounds just weird to many people.  But what I learned over years of study on process and implementing technology to help with process is that process enables creative, problem-solving thought. This occurs because as we commit to process those things that can be more automated, it leaves us more time to work on the things that cannot be put into a process.  That's the "thinking" stuff.  Or it's the free flowing, jump off the cliff and see how this works stuff.  It's the true genius stuff.  It's the critical stuff.  It's what sets us apart from those we compete for the best business.  It's what we do before we jump into the "maze".  So, will you take the challenge and create a new process so the mazes you encounter are more navigable, or will you continue to sit in the "waiting room" passing time?  If you have some processes you're willing to share, (and I hope you will) I'll put them here or in my blog. 

Hot Deals/Leads

Busy Beaver Building Centers trades as Busy Beaver at 15 locations throughout OH, PA and WV.  The home improvement centers occupy spaces of 24,000 sq.ft. to 30,000 sq.ft. in freestanding locations and endcaps of strip centers.  Growth opportunities are sought within two hours of Pittsburgh, PA during the coming 18 months.  Typical leases run five years with options.  A land area of 3.5 acres is required for freestanding locations. For more information, contact Nick Demao, Busy Beaver Building Centers, 3130 William Pitt Way, Building A6, Pittsburgh, PA 15238.

 

Ben & Jerry's Franchising, Inc. trades as Ben & Jerry's Ice Cream at more than 800 locations nationwide and internationally. The stores, some of which are seasonal, offer ice cream, frozen yogurt, desserts and sorbet, and occupy spaces of 150 sq.ft. to 1,200 sq.ft. in urban/downtown areas and entertainment, lifestyle and tourist centers. Growth opportunities are sought throughout the existing markets during the coming 18 months. Typical leases run 10 years with options preferred. A vanilla shell is required. Expansion is franchise-driven. The company prefers site submittals to be sent via email or the Web site. For more information, contact Eric Thomas, Ben & Jerry's Franchising, Inc., 30 Community Drive, South Burlington, VT 05403.

 

Mor Furniture for Less, Inc. trades as Mor Furniture for Less at 20 locations throughout AZ, CA, ID, NM, NV, OR and WA. The home furnishings stores occupy spaces of 40,000 sq.ft. to 60,000 sq.ft. in freestanding locations and power and value centers. Growth opportunities are sought throughout CA, OR and WA during the coming 18 months. Typical leases run 10 years. A vanilla shell is required. Preferred cotenants include Home Depot, Ross Dress for Less, Target and Walmart. Preferred demographics include a population of 400,000 within 25 miles earning $50,000 as the average household income.  For more information, contact Rick Haux Sr., Mor Furniture for Less, Inc., 8996 Miramar Road, Suite 310, San Diego, CA 92126.

 

Cheeburger Cheeburger Restaurants, Inc. trades as Cheeburger Cheeburger at 65 locations nationwide throughout 20 states. The restaurants occupy spaces of 2,000 sq.ft. to 2,400 sq.ft. in lifestyle, mixed-use, power, specialty and strip centers. Growth opportunities are sought throughout the existing markets, as well as Quebec and Ontario, Canada, during the coming 18 months. A vanilla shell and specific improvements are required. Preferred cotenants include Panera Bread, Pei Wei Asian Diner, Target and upscale grocery stores. Preferred demographics include a population of 100,000 within five miles earning $85,000 as the average household income. Major competitors include Five Guys Famous Burgers and Fries, Red Robin, Johnny Rockets and Smashburger. Expansion is franchise-driven. For more information, contact Mike Santel, Cheeburger Cheeburger Restaurants, Inc., 7364 West Rancho Drive, Glendale, AZ 85303; Web site: www.cheeburger.com. For additional information regarding expansion throughout the U.S., contact Greg Mallory, Landmark Realty.

 

Humphries Developments trades as Eddie Merlot's at five locations throughout IN, KY and OH. The upscale steakhouses occupy spaces of 10,900 sq.ft. in freestanding locations and lifestyle centers. Growth opportunities are sought throughout major metropolitan markets nationwide during the coming 18 months. Typical leases run 15 years. Preferred cotenants include Nordstrom, Saks Fifth Avenue and high-end retailers. Preferred demographics include a population of 35,000 within seven miles earning $100,000 as the average household income. Major competitors include Ruth's Chris Steakhouse, Morton's The Steakhouse and Fleming's. A land area of two acres is required for freestanding locations, and the company prefers to locate near Class-A office space. For more information, contact Dave Cook, Humphries Developments, 5646 Coventry Lane, Ft. Wayne, IN 46804.

 

Caldwell Enterprises, Inc. trades as Frank & Stein Dogs at 15 locations, as U.S. Bistro at four locations and as Baja Bistro Fresh Mex Grill at 20 locations throughout the southeastern region of the U.S. The restaurants occupy spaces of 600 sq.ft. to 2,400 sq.ft. in freestanding locations, airports, malls and lifestyle, power and strip centers. Growth opportunities are sought nationwide for the Baja Bistro Fresh Mex Grill during the coming 18 months. For more information, contact Greg Caldwell, Caldwell Enterprises, Inc., PO Box 20608, Roanoke, VA 24018


Like these leads?  Want More?  Go to the Dealmakers website for a Subscription. Dealmakers, the nation's weekly news source on retail real estate.

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