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New Construction
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New Construction
Welco Realty, Inc. plans to open Target Shopping Center, a 400,000 sq.ft. Target-anchored center located at the confluence of Park Place, Mill Creek Drive and the NJ Turnpike in Secaucus, NJ. Up to 160,000 sq.ft. is available. A 2001 opening is planned. The company plans to open Gateway Shopping Center, a 450,000 sq.ft. power center located on Route One just north of Route 130 in North Brunswick, NJ. Up to 200,000 sq.ft. is available. Two major anchors of over 100,000 sq.ft. each have signed on. Bed Bath & Beyond, Barnes & Noble and Fashion Center operate nearby. The company also plans to develop Promenade at Edgewater, a 200,000 sq.ft. lifestyle center locate at the intersection of Gorge and River Roads in Edgewater, NJ. The center will be anchored by The Gap, Banana Republic and Ann Taylor. Other tenants will include The Limited, Eddie Bauer and Victoria’s Secret. For more information, contact Jerry Welkis of Welco Realty, Inc. at 914-576-7500, Fax 576-7596.
D & P Associates is expanding by 5,000 sq.ft. the King of Prussia Center, a 48,000 sq.ft. strip center on six acres located on Route 202 at Henderson Road in King of Prussia, PA. The 5,000 sq.ft. addition is available. Anchors include Sam Ash Music and Men’s Wearhouse while other tenants include Workbench Furniture and Leather Center. Demographics show a population of 200,000 residing within five miles earning $82,000 as the average income. The daily traffic count is 40,000 cars. For more information, contact Steve Volpi, D & P Associates, at (610-265-1682), Fax (265-2710).
Willner Realty & Development Co. is adding 8,500 sq.ft. to Shelly Plaza, an 83,000 sq.ft. strip center located at the intersection of Frankford Avenue and Academy Road in Philadelphia, PA. An 8,500 sq.ft. space is available. Super Fresh anchors the center, while other tenants include Hollywood Video and Dunkin Donuts. Demographics show a population of 440,559 residing within five miles earning $39,120 as the average income. For more information, contact Benjamin Willner, Willner Realty & Development Co., at (610-352-1300), Fax (352-6140).
Shoreline Properties Inc. is developing The Galleria, a 30,000 sq.ft. mixed-use center located at the intersection of J. Turner Butler Boulevard and Philips Highway in Jacksonville, FL. Spaces of 1,500 sq.ft. and 3,000 sq.ft. are available. Tenants include McDonald’s and Schlotsky’s. For more information, contact Farzin Darabi, Shoreline Properties, at (904-241-3737), Fax (241-1301).
Kimco Realty Corporation is developing Mallwoods Shopping Center, a 194,500 sq.ft. power center on 29 acres located at the northeast corner of State Route 741 (Springboro Pike) and Interstate 75 in Miamisburg, OH. The center is anchored by National Amusements. A 6,000 sq.ft. outlot is available. Demographics include a population of 116,222 residing within five miles earning $69,000 as the average income. The daily traffic count is 53,100 cars. Dayton Mall, as well as many major retailers operate nearby. A Spring 2001 opening is planned. For more information, contact Michael Slutsky, Kimco Realty Corporation, at (888-705-9292), Fax (650-322-9204).
Complete Property Management Inc. recently broke ground on 80 Main Plaza, a 30,000 sq.ft. strip center located on Route 46 in Hackettstown, NJ. Anchors include Summit Bank and Quick Chek, while other tenants include Frank’s Pizza, ShopRite Liquors and a laundromat. Spaces of 1,200 sq.ft. to 7,500 sq.ft. are available. Demographics include a population of 40,286 residing with five miles earning $61,000 as the average income. The daily traffic count is 16,500 cars (in 1992). The asking rent is $15 psf with CAM of $1.50 psf and taxes of $2 psf. A Spring 2001 opening is planned. For more information, contact Audrey Grant, Complete Property Management Inc., at (908-879-5106), Fax 879-8513.
Atkind Realty plans to open Union Square, a 3,800 sq.ft. strip center located at the intersection of Stuyvesant & Ostwood in Union, NJ during October 2000. Spaces of 950 sq.ft. to 3,800 sq.ft. are available. Demographics show a population of 30,438 residing within one mile earning $63,000 as the average income. Rite Aid, West Coast Video and Dunkin Donuts operate nearby. The asking rent is $22 psf. For more information, contact David Atkind, Atkind Realty, at (973-523-2002), Fax (523-6006).
The Koman Group plans to open Cityplace, a shopping center located at the confluence of Olive Boulevard, Interstate 270 and New Ballas in St. Louis, MO during Spring 2001. A space of 25,000 sq.ft. is available, as is a 4,000 sq.ft. outlot well-suited for a restaurant. Tenants include Kinko’s, Creve Coeur Camera and Provisions. The daily traffic count is 45,000 cars. Borders Books & Music, Kohl’s and Dierbergs operate nearby. The asking rent $18 psf with taxes of $1.75 psf. For more information, contact Bill Koman, The Koman Group, at (314-993-5800), Fax (993-5826).
Cornerstone Commercial Real Estate is currently developing Haggar Square, a 300,000 sq.ft. specialty center located at the intersection of Preston and Highway 121 in Plano, TX. The 50-acre project is slated as a high-end niche center designed to appeal to houseware stores, specialty apparel shops and restaurants. Space is available. For more information, contact Clay Smith, Cornerstone Commercial Real Estate, at (214-360-1700), Fax (360-1717).
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