Rivers Edge Plaza, Haverhill, MA
GLA: 100,000 S/F
Major Tenants: Market Basket, CVS, Fashion Bug, Payless Shoe Source
I.J. Barkan, Inc.'s first retail investment in 1983 was acquired with a vacant A & P in a distressed shopping center. A full redevelopment, including 80,000 S/F, was undertaken culminating in a totally reconfigured center anchored by a 45,000 S/F Market Basket supermarket and national chain tenant such as Fashion Bug, Payless, CVS, Family Dollar Store, and others. I.J. Barkan, Inc. is general partner, manager, and leasing agent.
Claremont Market Place, Claremont, NH
GLA: 225,000 S/F
Major Tenants: K-Mart, Market Basket, CVS, Fashion Bug
KMC Realty Trust acquired this shopping center which was 50% vacant in 1993 with Irwin Barkan acting as Trustee on behalf of the trust. I.J. Barkan, Inc. negotiated the acquisition of a Grand Union supermarket lease and supervised the center's redevelopment. A 60,000 S/F Market Basket supermarket and 30,000 S/F of additional national tenants opened within twelve months of the acquisition. I.J. Barkan, Inc. acted as development agent, managing agent, and co-leasing agent.
Harbour Mall / New Harbour Mall, Fall River, MA
GLA: 300,000 S/F
Major Tenants: Bradlees, K-Mart, Fashion Bug, Dots, Loews Cinema, Staples
Since 1989 I.J. Barkan, Inc. has played a variety of roles on behalf of this southeastern Massachusetts shopping center. I.J. Barkan, Inc. was retained by American Savings Bank as development, managing, and marketing agent to stabilize this distressed center. After implementing a capital improvement and leasing plan, I.J. Barkan, Inc. brokered the sale in 1992 to a private investor. I.J. Barkan was retained by new ownership as leasing agent and has assisted in the redevelopment of this property into a dominant value retail center.
Granite State Marketplace, Hooksett, NH
GLA: 240,000 S/F
Major Tenants: Wal-Mart, Shaw's Supermarket, Osco, Fashion Bug
As co-owner, developer, manager and leasing agent, I.J. Barkan, Inc. acquired the raw land in Hookset, NH to develop one of southern New Hampshire's largest open shopping centers. Originally anchored by Zayre's / Ames, Shaw's, and Osco, the project was completed in 1989. The shopping center then became the location of Wal-Mart's first New England Store. I.J. Barkan, Inc.'s ownership interest was acquired by its partners in 1990.
Westborough Town Center, Westborough, MA
GLA: 120,000 S/F
Major Tenants: Sam's Club (Division of Wal-Mart)
I.J. Barkan, Inc. entered an existing partnership as co-general partner and directed the permitting and pre-leasing of a 145,000 S/F project to be anchored by T.J. Maxx, Drug Emporium, and a local department store. When the markets of 1991 could not produce adequate financing I.J. Barkan, Inc. and its partners re-permitted the project for a Sam's Wholesale Club and eventually sold it to Wal-Mart Stores, Inc. This was the first Sam's Club to open in New England.
GLA: 200,000 S/F
Major Tenants: Market Basket Supermarket, Drug Store
I.J. Barkan, Inc. acquired a $3.5 million loan from the FDIC secured by the business assets of a saw mill, real estate, and personal obligations. Acting on behalf of the principal, I.J. Barkan, Inc. acquired the property in a "friendly foreclosure" and is currently in the approval process to develop the property into a shopping center. The first phase of this project will consist of a 50,000 S/F Market Basket and 9,000 S/F of retail space. Discussions are underway with major co-anchors on the 28-acre site.
Sugar River Shopping Center, Newport, NH
GLA: 125,000 S/F
Major Tenants: Ames, IGA, Brooks, Fashion Bug, VideoSmith
As development, managing agent and co-owner, I.J. Barkan, Inc. expanded this center to include a larger Ames and additional retail space.
Londonderry Market Place, Londonderry, NH
GLA: 225,000 S/F
Major Tenants: Market Basket, Walgreens, K-Mart
Acting as owner's agent and trustee, I.J. Barkan, Inc. acquired the property, permitted and developed the first phase (100,000 S/F) of this shopping center located at a strategic intersection of Route 93 and Route 102. The firm successfully negotiated with the NH State Highway Department, abutters and local planning boards to develop this center which is one of the region's major retail centers with Market Basket, Marshalls and K-Mart.
Long Bay Plaza, Boston, MA
GLA: 115,000 S/F
Major Tenants: Caldor
I.J. Barkan, Inc. was engaged as marketing and development consultant for this distressed shopping center located in the Mattapan section of Boston. On behalf of our client, we negotiated a lease with Caldor Discount Stores, which will result in one of Boston's largest private retail developments in the inner-city in many years. The firm acted as broker and advisor to the legal, architectural, and development team.
King's Highway Plaza, New Bedford, MA
GLA: 150,000 S/F
Major Tenants: Ashmont Discount, Fashion Bug, McDonalds
I.J. Barkan, Inc. was engaged by RECOLL Management Corporation, (a FDIC contractor) to stabilize this distressed 140,000 S/F shopping center in New Bedford, MA. Working with FDIC personnel, the firm secured the asset and prepared it for sale to a private investor for redevelopment.
Cushing Plaza, Cohassett, MA
GLA: 60,000 S/F
Major Tenants: Walgreens, Appleseeds
I.J. Barkan, Inc. was engaged by Old Stone Bank to secure this asset on 24-hours' notice in a foreclosure action. As managing agent, the firm prepared this asset for disposition, which was sold to Shaw's Supermarkets.
Willow Place, North Conway, NH
GLA: 40,000 S/F
Major Tenants: Bed & Bath, Dress Barn
I.J. Barkan, Inc. was engaged by Banc One New Hampshire Asset Management (BONHAM) to dispose of this factory outlet center located in North Conway, NH. I.J. Barkan, Inc. successfully negotiated the sale of this property, which was the highest value retail asset in BONHAM's portfolio, in 1993.
Windham Village Green, Windham, NH
GLA: 35,000 S/F
Major Tenants: Cornerstone Bank
A Boston based financial institution engaged I.J. Barkan, Inc. to take over this distressed shopping center on 24-hours' notice and secure the asset for sale. The bank was subsequently acquired by the FDIC who retained I.J. Barkan, Inc. as managing agent.
GLA: 30,000 S/F
Major Tenants: D'Angelo's Sandwich Shoppes
The Bank of Boston engaged I.J. Barkan, Inc. as exclusive agent to sell this retail property located in Boston across from the Sear's redevelopment project. Our firm successfully completed a sale within six months of receiving this assignment.
Gardner Plaza, Gardner, MA
GLA: 16,000 S/F
Major Tenants: Rite Aid, Family Dollar Stores
I.J. Barkan, Inc. was engaged by RECOLL Management Corporation to sell this 16,000 S/F shopping center. Our firm completed its sale in 1994.