Majestic Realty Co. is leasing Monte Vista Crossings, a 90-acre development that includes 900,000 sq.ft. of retail, restaurant and hotel space, located at the intersection of Monte Vista Avenue, Golden State Boulevard and Highway 99 in Turlock, CA. The center is near California State University of Stanislaus. Tenants include Target, The Home Depot, Ross ‘Dress for Less’, T.J. Maxx, Famous Footwear, Dress Barn, Pier 1 Imports, Pet Extreme, Safeway, McDonald’s, Borders Books, Bed Bath & Beyond, Starbucks Coffee and In-N-Out Burger. Holiday Inn Express is slated to open an 80-room hotel during Summer 2003. Currently, more than 525,000 sq.ft. of space has already been leased. Additional space is currently available in Phase II and III, including spaces of 80,000 sq.ft. to 145,000 sq.ft., as well as smaller spaces from 3,000 sq.ft. to 6,000 sq.ft.

For more information, contact Fran Inman, Majestic Realty Co., 13191 Crossroads Parkway North, 6th Floor, City of Industry, CA 91746-3497; 562-948-4375 or 562-692-9581, Fax 562-695-2329; Email: finman@majesticrealty.com.

CB Richard Ellis is preleasing Valencia Gateway, a mixed-use development consisting of retail, industrial, entertainment/recreation, office, residential and commercial spaces, located in Valencia, CA. Retail spaces include Valencia Auto Center, Valencia Marketplace, Valencia Crossroads and Westridge Village. Area demographics in the Santa Clarita Valley include a population of 226,346 earning $93,090 as the average household income. Valencia Gateway is located near Six Flags Magic Mountain.

For more information, contact Craig Peters, CB Richard Ellis, 15303 Ventura Boulevard, Suite 200, Sherman Oaks, CA 91403-3157; 818-907-4616, Fax 818-907-4702; Email: crpeters@cbre.com. Or contact, Doug Sonderegger at 818-907-4607; Email: dsonderegger@cbre.com; Web site: www.cbre.com.

Friedman Real Estate Group is preleasing Paint Creek Crossing, a 160,258 sq.ft. center located at the intersection of Whittaker, Stoney Creek and Huron River Road in Ypsilanti, MI. The center will be anchored by Kroger supermarket. Asking rent is $17.50 psf NNN with CAM of $1 psf and taxes of $2.50 psf with 3% escalations. The center has two outlot spaces available from 1,700 sq.ft. to 21,250 sq.ft. The asking price is $1.7 million. The company also is preleasing Green Oak Commons Shopping Center, a center located on Nine Mile Road in Green Oak Township, MI. The center has space available of 200,000 sq.ft. The owner may consider build-to-suit or land lease. Asking rents range from $14 psf to $18 psf NNN.

For more information, contact Harry Cohn, Friedman Real Estate Group, 34975 West Twelve Mile Road, Farmington Hills, MI 48331; 248-324-2000; Web site: www.friedmanrealestate.com.

Timber Development Corp. is developing Supercenter Plaza located on Route 522 in Lewistown, PA. The 35,000 sq.ft. center is located adjacent to a 220,000 sq.ft. Wal*Mart Supercenter. The center is tenanted by Subway, Payless Shoes, Holiday Hair, American Home Patient, H&R Block, Rentway, China Buffet, Movie Gallery and National Cash Advance. The center has an outpad available and is slated for a Fall 2003 completion. The company also is seeking adjacent land to Wal*Mart Supercenters nationwide and prefers land areas of two acres and up.

For more information, contact Doug Bercu, Timber Development Corp., 3170 Palisades Court, Marietta, GA 30067; 770-857-0002.

G. Earl Real Estate, Inc. is preleasing Witzel Road Retail Center, a 30,000 sq.ft. center located in Oshkosh, WI. Opening is slated during Spring 2003. The center currently is tenanted by a 10,000 sq.ft. steakhouse restaurant, a 2,600 sq.ft. computer store and a 2,000 sq.ft. Chinese restaurant and has space available of 15,400 sq.ft. Approximately 1,120 residential units are under construction within a half mile of the center. Area retailers include a Wal*Mart Supercenter.

For more information, contact G. Earl Real Estate, Inc., 410 North Koeller Street, Oshkosh, WI 54902; 920-426-0417, Fax 920-426-3442; Email: ge@gebroker.com; Web site: www.gebroker.com.

Edgewood Properties is developing Stockton Plaza, a 13,500 sq.ft. center located at the intersection of Route 561 and Chris Gaupp Drive in Galloway Township, NJ. The center is adjacent to Atlantic City Medical Center and Richard Stockton College and has space of 9,600 sq.ft. and two pads available.

For more information, contact Eli Alper, Edgewood Properties, 1260 Stelton Road, Piscataway, NJ 08854; 732-985-1900, Fax 732-985-1900; Email: ealper@edgewoodproperties.com; Web site: www.edgewoodprop.com.

Glenbrook-Brookriver is developing Brookhollow East Shopping Center, a 27,000 sq.ft. center located at 11200 West Broad Street in Richmond, VA. The site is situated on a land area of 3.8 acres and is adjacent to Best Buy. The center will be anchored by Cost Plus World Market.

For more information, contact Mike Abrams, Glenbrook-Brookriver, 6508 Old Farm Court, Rockville, MD 20852; 301-468-8000, Fax 301-468-8009; Email: glenbrookmha@aol.com.

Jaco Oil Co. is planning to develop a center anchored by Wal*Mart Supercenter and a Lowe’s Home Improvement Center located at the intersection of Highway 99 and Panama Lane in Bakersfield, CA. Plans also call for a gas station and a 25,000 sq.ft. commercial building, slated to become additional retail space. The 105,000 sq.ft. building on Panama Lane was formerly occupied by House2Home. The Wal*Mart Supercenter is slated for a 2004 opening. The 117,000 sq.ft. Lowe’s Home Improvement Center would be the second for Bakersfield.

For more information, contact Lee Jamieson, Jaco Oil Co., 3101 State Street, Bakersfield, CA 93308; 661-393-7000, Fax 661-393-8738.