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New Construction
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New Construction Regency Centers is developing the 500 000 sq.ft. CenterPlace of Greeley in Greeley CO. The 50-acre site is located near the intersection of 47th Avenue and the U.S. Route 34 bypass. The project will be designed to house national retailers in a pedestrian-friendly setting and has 200 acres of developable land surrounding the site for auxiliary projects. For more information contact Michael Carter Regency Centers 121 West Forsyth Street Suite 200 Jacksonville FL 32202; 904-598-7000 Fax 904-634-3428.
Leibsohn & Company is marketing the 64 000 sq.ft. Arlington Square in Bellevue WA. The project is situated on nine acres located at the intersection of 172nd Street Northeast and 67th Avenue Northeast. The site is adjacent to the 1 100-unit Gleneagle housing development. The company is also developing the 40 000 sq.ft. Covington Place in Covington WA. The site is located at the intersection of Southeast 272nd Street and Highway 18 directly across from Covington Square. For more information contact Ron Waldbaum Leibsohn & Company 11100 Northeast 8th Street Suite 800 Bellevue WA 98004; 425-455-1777 Fax 425-455-2196; Email: rwaldbaum@leibsohm.com.
Moody Rambin Interests is marketing the 210 000 sq.ft. Chapel Hill Shopping Center in Fort Worth TX. The center has stores open but the project anchor Central Market is scheduled to be completed in September. The center has an occupancy factor of 80% with lifestyle retailers. Service tenants such as dry cleaners and mail packaging centers have spurred other developments near Chapel Hill. Doon Development is constructing Heights Corner a 15 000 sq.ft. strip center with two pad sites. The project is located south of the Central Market site at Chapel Hill.For more information on Chapel Hill or Heights Corner contact Myles Kelley or Claudia Hutchinson Moody Rambin Interests 505 Main Street Suite 410 Fort Worth TX 76102-5319; 817-810-9252 Fax 817-332-4602.
Redd Realty Services is developing a Kroger-anchored center in Henry County GA. The project is located at the intersection of Highway 165 and The East Lake Road and has 32 000 sq.ft. of shop space as well as three outparcels available. The center is scheduled to open in April 2002. For more information contact Will Lybrook Redd Realty Services Building 10 Suite 110 4200 Northside Parkway Northwest Atlanta GA 30327-3054; 404-848-0499 Fax 404-841-0127; Email: will@reddrealty.com.
Michael Antkies Real Estate is leasing a two-story 66 000 sq.ft. retail building site in Danbury CT. The project is located at the intersection of Sugar Hollow and Miry Brook Roads near the Route 7 interchange. The site has proximity to the Danbury Fair Mall and other area retailers include Sports Authority Bed Bath & Beyond and Discount Wines. The company is also marketing a 1 329 sq.ft. space sharing a lot with Strawberries across from Danbury Fair Mall in Danbury CT. The site is visible from Interstate 84 and State Route 7 and the entrance intersection is signalized. The project is near the Macy’s and Pier One portion of the regional mall. Area demographics include a population of 46 836 residing in a three-mile radius earning an median annual household income of $64 159. For more information contact Michael Antkies Michael Antkies Real Estate 29 Sugar Hollow Road Danbury CT 06810; 203-798-7766 Fax 203-798-6340; Email: mantkies@antkies.com.
Sax/Uniwest Realty Inc. is leasing the 90 000 sq.ft. Shoppes at Bowie Town Center in Bowie MD. The center is located on State Route 197 near the Bowie Town Center Regional Mall which is scheduled to open in October 2001. The Shoppes at Bowie Town Center will be anchored by Hecht’s Old Navy Safeway Sears and Best Buy. The site has an average daily traffic count of 50 000 cars. The project is being developed by MLS Properties and is scheduled to open in late 2002.For more information contact Les Sax Sax/Uniwest Realty Inc. 4912-A Del Ray Avenue Bethesda MD 20814; 240-497-1192 Fax 240-497-1070.
Holrob Investments LLC and Certified Properties LLC are developing the Crockett Square Shopping Center in Morristown TN. The 60-acre development is located on Highway 25E and is anchored by Super Wal*Mart. Phase I includes 24 000 sq.ft. of inline space and six outparcels. The 16-acre parcel designated for Phase II is currently being pre-leased. Phase I is scheduled to open this summer. The company along with Cullom Properties is also developing a Kroger-anchored center in Sevierville TN. The project is located on Highway 66 and contains 7 200 sq.ft. of inline space and two outparcels. A 10-acre Phase II includes a second anchor and a signalized intersection. The site has an average daily traffic count of 45 000 cars. For more information contact Mike McGuffin Holrob Investments Inc. 2607 Kingston Pike Suite 250 Knoxville TN 37919; 865-637-3770 Fax 865-637-8217; Email: mmcguffin@holrob.com; Web site: www.holrob.com.
Robert B. Aikens & Associates LLC is redeveloping the former MeadowBrook Village in Rochester Hills MI. The project to be known as The Village of Rochester Hills will increase its GLA to 375 000 sq.ft. and will be tenanted by lifestyle concepts. The project will be anchored by Parisian and Farmer Jack Emporium and is scheduled to open in September 2002. For more information contact Michelle Shafir Robert B. Aikens & Associates LLC 82 North Adams Road Rochester Hills MI 48309-1358; 248-375-9451 Fax 248-375-9484.
JaGee Properties Inc. is developing the 27 000 sq.ft. Shops on Cooper in Arlington TX. The project is part of the 16-acre development Cooper Street Market and is located on South Cooper Street. Phase I of Cooper Street Market is anchored by Rooms To Go. The center is also near the 1.6 million sq.ft. regional mall The Parks at Arlington. The center is being built on a purely speculative basis and other area retailers include Super Target Atlanta Bread Company and The Mattress Firm. Rents are estimated at $24 psf and construction is scheduled to be completed by the end of the year. For more information contact Bill Jackson JaGee Properties 3228 Camp Bowie Boulevard Fort Worth TX 76107; 817-335-5881 Fax 817-335-1905; Email: bill@jagee.com.
NAI-Commercial-Industrial Realty Company is marketing a retail center being built on 5.29 acres in East Pennsboro Township Cumberland County PA. The project is located on Wertzville Road between Southmont and East Penn Drive and will be tenanted by CVS Pharmacy and Commerce Bank. Area retailers include Giant Kmart and Superfresh. Area demographics include a population of 18 705 residing in a two-mile radius earning an average annual household income of $62 319. The site is being developed by Developer’s Realty Inc. For more information contact Peter Gemora NAI-Commercial-Industrial Realty Company P.O. Box 8910 Camp Hill PA 17001-8910; 717-761-5070 ext. 126 Fax 717-761-6132. |