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New Construction
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New ConstructionRobert Clark is developing the 90,000 sq.ft. Outlet Expo Manufacturers Plaza in Pomona, CA. The 10-acre site is a portion of the former General Dynamics plant located at Mission Boulevard and the 71 Freeway. The company has signed 65 tenants for the center giving the center an occupancy factor of 85%. The center’s tenants will include Boyd Furniture, Source Ex, Skechers and The Candle Shop. Six jewelers and a Chinese restaurant are also in the tenant mix. For more information contact Nick Chae, The Outlet Expo Manufacturers Plaza, 909-632-2093, Fax 909-632-2079.
Kitchell Development Company is building phase II of Old Ranch Town Center in Seal Beach, CA. Phase two will be tenanted by Ralphs Supermaket, Bed Bath & Beyond, Sav-on Drugs, World Savings, Islands, Macaroni Grill, Starbucks Coffee, Togo’s/Baskin Robbins, Pacific Bell Wireless, Pick-Up Stix, Z Pizza, Daphne’s Greek Cafe, Rubio’s Baja Grill, Payless Shoe Source, GNC, Great Clips, Happy Nails & Spa and 2nd Street Beauty. Phase one is anchored by a 138,000 sq.ft. Target store. Once completed the center will have a GLA of 287,000 sq.ft. The center is located at the intersection of Seal Beach Boulevard and Interstate 405. For more information contact Mark Shenouda or Ryan Sullivan, Pacific Retail Partners, 911 North Studebaker Road, Suite 205, Long Beach, CA 91815; 562-431-8734, Fax 562-431-1856.
HSM Pacific is developing the Tanasbourne Summit on eight acres in Hillsboro, OR. Groundbreaking for the specialty center is scheduled for the fourth quarter 2001, with opening date projected for the third quarter of 2002. Spaces of 1,200 sq.ft. to 40,000 sq.ft. are available in the project located at the intersection of NW Cornwell Road and NW 185th, with a daily traffic count of 27,186 vehicles. Area retail includes Tanasbourne Town Center and Shops at Tanasbourne. Area demographics include a population of 197,107 residing in a five-mile radius earning an average annual household income of $63,636. For further information, contact Skip Stanton, HSM Pacific, 612 SW Idaho Street, Suite 2, Portland, OR 97201; 503-245-1400, Fax 503-245-7032; Web site: www.hsmpacific.com; Email: skipstan@hsmpacific.com.
IRT Property Company is developing the Conway Crossing in Orlando, FL and Lutz Lake Crossing in Tampa, FL. Both centers will be anchored by Publix. The company has eight development projects underway for a total construction cost of $76 million. For more information contact James G. Levy, IRT Property Company, 200 Galleria Parkway, Suite 1400, Atlanta, GA 30339; 770-955-4406, Fax 770-988-8773, Email: investorrelations@irtdealmakers.net.
Realty Capital Corporation is developing the Village at Colleyville in Colleyville, TX. The 100,000 sq.ft. center will focus on local tenants and is 35% preleased. The 28-acre project will be tenanted by Good Breeding, Caresscents, Elixir Salon and Day Spa (formerly Texas Backrub Co.), Main Street Barber Shop, Chelsea Lane, Luxor Jewelers, R.S.V.P., Romantic Rooms, The Owl’s Nest, Tre Bann Babies and Barrion Antiguo Furniture. For more information contact Richard A. Myers, Central Realty Group, 1111 South Main Street, Suite 200, Grapevine, TX 76051-7517; 817-488-4200, Fax 817-424-2448, Email: myers@realtycapital.com.
The Everest Group, Inc. is developing Tylersville Plaza in Cincinnati, OH. The center is located at the signalized intersection of Tylersville and Snider Roads and asking rent is $16 to $18 psf with $2.25 psf in CAM. The center is between Interstates 71 and 75 and services the markets of West Chester and Mason. The company is also developing the 60,000 sq.ft. McCabe Crossing in Cincinnati, OH and has ground leases available. The center is located at the intersection of Fields Ertel and Montgomery Roads and area retailers include Meijer, Hobby Lobby, Sears Hardware, Sam’s Club and HH Gregg. The project is scheduled to open this fall and asking rent is $14 to $20 psf with $2.50 psf CAM. For more information contact John Thompson, The Everest Group, Inc., 2860 Cooper Road, Suite 100, Cincinnati, OH 45241; 513-769-2500, Fax 513-769-2512, Web site: www.everestrealestate.com.
Premier Assets, Inc. is developing the 60,000 sq.ft. Reno Circle Center in Oklahoma City, OK. The center is located on Hudiburg Circle on a six-acre parcel between Meridian and Portland Streets off of Reno Avenue. The center will be visible from Interstate 40 and will be tenanted by BMW Motorcycles and Champion Windows. Gardner Properties is codeveloping the project. For more information contact Richard Tanenbaum, Gardner Management, 4228 North Santa Fe Boulevard, Oklahoma City, OK 73118; 405-524-8484, Fax 405-521-1539.
Plaza Royale Associates, LLC is developing the 12-acre mixed-use Plaza Royale development in Gainesville, FL. Phase I including a Starbucks Coffee and Quiznos opened in May, and phase II is underway. Tenants for the five-building project include Cold Stone Creamery, Stonewood Tavern & Grill and New Horizons Learning Center. For more information contact Hal Levine, Barrister Realty, 5900 Southwest 73rd Street, Suite 304, Miami, FL 33143; 352-271-5066.
Paramount Partners, LLC is developing the 97,000 sq.ft. East Longmeadow Town Center in East Longmeadow, MA. The mixed-use development is located at the intersection of North Main Street and Maple Avenue and is at the hub of the trade area and will include retail, restaurants, municipal buildings and medical offices. Area retailers include Super Stop & Shop and B-Y Supermarket. Groundbreaking is scheduled for this fall with opening scheduled for spring 2002.For more information contact Richard L. Pilla, Paramount Partners, LLC, 25 Garden Park, Braintree, MA 02184; 781-848-1550, Fax 781-848-4980.
Mid-America Real Estate Group and Terraco are developing a project anchored by Walgreen’s in Bridgeview, IL. The center is located at the intersection of 79th Street and Harlem Avenue and will also be tenanted by Aldi Foods and Pizza Hut. The project is being built on a 5.71-acre parcel that was previously a trailer park. For more information contact David Bossy, Mid-America Real Estate Group, Two Mid-America Plaza, Third Floor, Oakbrook Terrace, IL 60181; 630-954-7300, Fax 630-954-7304.
Cypress Retail Group is developing the 98,790 sq.ft. Gardena Marketplace in Gardena, CA. The center is located at the intersection of Artesia Boulevard and Western Avenue and is anchored by Albertson’s and Blockbuster Video. Other tenants include Starbucks, Quizno’s, Fantastic Sam’s and Papa John’s Pizza. Area demographics include a population of 662,227 residing in a five-mile radius earning an average annual household income of $63,603. Asking rent is $2.50 psf a month plus NNN charges of approximately 35 cents psf a month.For more information contact Dave Binney, Cypress Retail Group, 6101 West Centinela Avenue, Suite 110, Culver City, CA 90230; 310-670-1310, Fax 310-670-6006.
William C. Smith Construction is building the 86,000 sq.ft. shopping center that will be part of the Congress Heights Redevelopment in Southeast Washington, DC. The site was the former home of Camp Simms National Guard base and will feature single-family homes and office space along with the Giant Foods-anchored center. For more information contact William C. Smith & Company, 1565 Alabama Avenue Southeast, Rear, Washington, DC 20009-2832; 202-889-3615, Fax 202-889-8875.
Colliers International is marketing the 40,000 sq.ft. Aurora Shopping Center in Aurora, OH. The center is located at the intersection of Route 82 and Bissel Road and will be anchored by Top Supermarket. The asking rent is $16 psf and a spring 2002 opening is scheduled. Area demographics include a population of 39,508 residing in a five-mile radius earning an average annual household income of $72,623. Area centers include Barrington Town Center and The Marketplace at Four Corners. For more information contact Tori Rendano, Colliers International, 23825 Commerce Park, Beechwood, OH 44122; 216-514-5100, Fax 216-514-5106, Email: tori_rendano@colliers.com.
Wolfson-Verrichia Group, Inc. is developing the 346,028 sq.ft. Oxford Commons in Oxford, PA. The site is located at the intersection of Routes 10 and 1 and will be anchored by Wal*Mart and Peebles. Three outlots and spaces of 20,000 sq.ft. and 10,000 sq.ft. are available. For more information contact Thomas Verrichia, Wolfson-Verrichia Group, Inc., 1250 Germantown Pike, Suite 305, Plymouth Meeting, PA 19462; 610-277-8899, Fax 610-277-8882.
R.J. Brunelli is marketing the 82,000 sq.ft. Monmouth Plaza in Eatontown, NJ. The center is located on Route 35 and will be anchored by Borders Books and Music and Toys ‘R’ Us. Toys ‘R’ Us will occupy 50,000 sq.ft. Borders Books and Music will occupy 25,000 sq.ft. and is expected to open in the first quarter of 2002. Lowe’s Home Improvement is also developing a new store in the area. For more information contact Richard Brunelli, R.J. Brunelli & Company, 400 Perine Road, Suite 405, Old Bridge, NJ 08857; 732-721-5800, Fax 732-721-9241.
Equity One, Inc. is developing a 45,000 sq.ft. addition to its Lake Mary Shopping Center in Orlando, FL. The 303,500 sq.ft. center is located on Lake Emma Road and is anchored by Albertson’s and Kmart. The center is also tenanted by Chili’s and Burger King. Area demographics include a population of 55,685 residing in a three-mile radius earning an average annual household income of $55,766. For more information contact Equity One, Inc., 3697 Lake Emma Road, Lake Mary, FL 32746; 407-333-1940, Fax 407-333-1963, Web site: www.equityone.net.
Forest City Development is developing an 80,000 sq.ft. addition to The Promenade Mall in Temecula, CA. The two-story expansion will link the 766,500 sq.ft. center with a 165,500 sq.ft. Macy’s store to be built on the south side of the mall. Robinsons-May will also expand its Promenade Mall location by 35,000 sq.ft. The trade area has a population of over 136,000 and the center is averaging sales of over $300 psf. For more information contact Colin Macken, Forest City Development, 1130 Terminal Tower, 50 Public Square, Cleveland, OH 44113-2203; 216-416-3600, Fax 216-263-6211.
The R.H. Johnson Company is developing phase II of the Barry North Center in North Kansas City, MO. The center is located at the intersection of Interstate 29 and Barry Road and phase I is anchored by Wal*Mart Supercenter and Lowe’s Home Improvement. The expansion will make available 90,000 sq.ft. of inline space and outlot opportunities. The company is also developing the 625,000 sq.ft. One Kellogg Place in Kansas City, MO. The center is located at the intersection of Greenwich and East Kellogg Roads and will be anchored by Wal*Mart Supercenter and Lowe’s Home Improvement. For more information contact Ed Broxterman or Owen Buckley, The R.H. Johnson Company, 801 West 47th Street, Suite 219, Kansas City, MO 64112-1253; 816-561-5111, Fax 816-561-5551.
McClinton & Company, Inc. is developing the 350,000 sq.ft. Gateway Crossing in Opelika, AL. The center is located at the intersection of Interstate 85 and US Highway 280/Gateway Drive. The major anchor space of 100,000 sq.ft. will be supported by junior anchor spaces between 60,000 sq.ft. and 25,000 sq.ft. Five one-acre outparcels are also available along US Highway 280. The center is scheduled to open in 2003 and the trade area population exceeds 225,000. For more information contact Buddy McClinton, McClinton & Company, Inc., 2777 Zelda Road, Montgomery, AL 36106; 334-270-9653, Fax 334-270-9811, Web site: www.mcclintonco.com
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