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New Construction
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New Construction Aquila Realty Inc. is marketing Talon Development Co. projects in MI including a 466 500 sq.ft. center on 50 acres located on I-75 in Mundy Township Grand Blanc MI. Within a five-mile radius a population of 95 129 earns an average household income of $52 027 and traffic counts are estimated at 30 000 cars per day on I-75. Retailers in the area include Meijers and a Home Depot is under construction across the street from the site. Plans call for a 276 500 sq.ft. space for two anchor stores; 154 000 sq.ft. for major tenants and 36 000 sq.ft. for specialty shops. Two outparcel sites also are planned. The firm also is marketing a 25-acre project on M-59 and US-23 in Hartland Township MI. Traffic counts are estimate at 47 500 cars per day on US-23 north of M-59. Burger King and Wendy’s operate nearby. Space also is available for grocery and department stores at a proposed mixed-use 100-acre development on I-75 and Dixie Highway in Bridgeport MI. Within five miles a population of 29 874 earns an average household income of $43 642 and traffic counts estimate 57 700 cars per day on I-75 south of Dixie Highway. For information contact Cathy P. Wilson Aquila Realty Inc. 40900 Woodward Avenue Suite 100 Bloomfield Hills MI; 248-723-1505 Fax 248-723-6920; E-mail cwilson@talondev.com.
Mid-America Asset Management Company is leasing the Fogelson Companies-developed LaGrange Crossing in Oakbrook Terrace IL. Phase I of the project anchored by a 15 965 sq.ft. Walgreen’s along with other tenants including Baja Fresh Mexican Grill Cingular Wireless and Caribou Coffee is complete and 100 percent leased. Groundbreaking on the 95 percent pre-leased Phase II of the project is slated for Spring 2002. Anchor tenants will include a 21 000 sq.ft. Borders Books & Music a 9 000 sq.ft. Trader Joe’s and a 3 200 sq.ft. Corner Bakery.For information contact Mid America Real Estate Group Two Mid America Plaza Third Floor Oakbrook Terrace IL 60681; 630-954-7300.
Sigma National Inc. is leasing the 500 000 sq.ft. Fox Mill Centre in Gloucester VA. In-line spaces from 2 000 sq.ft. to 50 000 sq.ft. are available at the center anchored by Wal*Mart and Applebee’s. Outparcels of one to two acres also are available. A population of 72 982 earning an average household income of $48 494 resides within the trade area and traffic counts estimate 27 000 cars pass the site daily. For information contact Sigma National Inc. 7400 Beaufront Springs Drive Suite 510 Richmond Va 23225; 804-320-6100 Fax 804-620-6660.
DeBartolo Property Group LLC is developing the Shoppes at Falkenburg a proposed 350 000 sq.ft. shopping center in Tampa FL. Demographics on the site include a population of 131 133 earning an average household income of $55 467 within five miles. The firm also is developing a 1.5 million sq.ft. project in Pasco County FL. The Cypress Creek Towne Centre located 20 minutes from downtown Tampa has within five miles a population of 16 388 earning an average household income of $62 526. Construction on The Pavilion at Bayonet Point a 200 000+ sq.ft. center in Port Richey FL. is set to begin this fall. A population of 48 892 earning an average household income of $41 844 resides within five miles of the project.For information contact Debartolo Properties Management Inc. 1710 Florida Mall Avenue Orlando FL 32809; 407-851-7575.
The Rappaport Companies is leasing Centre Stage at High Point in High Point NC a 67 075 sq.ft. community shopping center anchored by Kroger two blocks from the Oak Hollow Mall. A 45 000 sq.ft. expansion is currently under development at the site. For information contact The Rappaport Companies 8081 Wolftrap Road Second Floor Vienna VA 22182-5153; 703-205-6440 Fax 703-204-2671; Web site: www.rappaportco.com. |