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New Construction
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New Construction KMO Development Group, Inc. is developing The Park at Adam’s Creek, a multi-use development situated on a land area of 220 acres located at the intersection of 193rd East Avenue and Highway 151 in Broken Arrow, OK. Area retailers include a Lowe’s Home Improvement Center. Area demographics include a population of 88,770 within five miles earning $70,740 as the average household income. For more information, contact Grant Stewart, KMO Development Group, Inc., 5550 South Lewis, Suite 301, Tulsa, OK 74105; 918-743-3456, Fax 918-743-4084; Web site: www.kmodevelopment.com. North American Properties is developing The Block, a 34,000 sq.ft. center located at the intersection of Jupiter Road and Arapaho Road in Richardson, TX with a daily traffic count of 70,000 vehicles. The center has three buildings available of 6,000 sq.ft., 12,602 sq.ft. and 14,829 sq.ft. and is located near 395 luxury apartment units. Opening is slated during 2003.For more information, contact North American Properties, 14990 Landmark Boulevard, Suite 300, Dallas, TX 75254; 972-866-9555, Fax 972-866-9888; Web site: www.naproperties.com. Worley Commercial Brokerage Services is preleasing Allen Center located at the 6700 block of Fairmont Parkway at Jana Lane in Pasadena, TX. The center has spaces available for retail, medical and professional use. The lease rate is $21 psf NNN. A tenant improvement allowance of $15 psf over a shell or possible build-to-suit is preferred. Area demographics include a trade-area population earning $100,000 as the median family income. The center is located near Super Kmart and Walgreens. The company also is preleasing Silverlake Shopping Center, a proposed 27,650 sq.ft. center located at the intersection of FM 518 and County Road 93 in Pearland, TX. Rents range from $18 psf to $22 psf NNN. Tenant improvement allowance is $15 psf. The center is near a 400-unit apartment complex, plus Randall’s, Kohl’s, Home Depot, Super Target and Chili’s. Area demographics include a population of 22,697 within three miles earning $75,342 as the average household income.For more information, contact Vincent R. Worley, Worley Commercial Brokerage Services, 2305 Kirkwood, Houston, TX 77007; 713-827-1800, Fax 713-647-8662. Dominion Advisory Group, Inc. is developing Sonterra Place, a center located on Sonterra Place and Loop 1604 between Stone Oak Parkway and Blanco Road in San Antonio, TX with a daily traffic count of 101,310 vehicles. The center is situated on a land area of 5.7 acres. Phase I includes a 12,000 sq.ft. Chinese Super Buffet and 20,000 sq.ft. of retail and medical office space. Phase II includes 30,000 sq.ft. of space. The center is situated behind Buck’s Landing Restaurant.For more information, contact Irma Castor or Cal Ivey, Dominion Advisory Group, Inc., 12330 West Avenue, Suite 204, San Antonio, TX 78216; 210-308-6288. Call Ext. 117 for Irma Castor and Ext. 115 for Cal Ivey; Web site: www.dominionadvisory.com. R.J. Dunn & Associates, Inc. is developing Egg Harbor Plaza, a 130,000 sq.ft. center located at the intersection of Black Horse Pike and Highgate Road in Egg Harbor Township, NJ. The center adjoins and has a cross access with a Lowe’s Home Improvement Center and will share a common traffic signal with the Home Depot access drive. Anchor spaces ranging from 15,000 sq.ft. to 50,000 sq.ft. are available. Opening is slated during Fall 2004. Area retailers include Sears, Macy’s, JCPenney, Toys "R" Us, Best Buy, Borders, Michaels, Marshalls, T.J. Maxx, Wal*Mart, Target and Kohl’s.For more information, contact Robert J. Dunn, R.J. Dunn & Associates, Inc., 6609 Deer Park Road, Reisterstown, MD 21136; 410-517-0538, Fax 410-517-0543; Email: rdunn135@comcast.net. Kahn Development is developing Cedar Valley Shopping Center, a 410,000 sq.ft. center located adjacent to Interstate 64 and the new 199 Beltway in Williamsburg, VA with a daily traffic count of 109,000 vehicles. The center is anchored by a 163,000 sq.ft. Lowe’s Home Improvement and a 210,000 sq.ft. Wal*Mart and has six outparcels available ranging from one acre to four acres. The center is near Williamsburg Pottery, the new Williamsburg Community Hospital and 16,600 housing units under construction. For more information, contact Kahn Development, Inc., 101 Flintlake Road, PO Box 1608, Columbia, SC 29202; 803-736-3325, Fax 803-736-3326; Web site: www.kahndevelopment.com. The McShane Cos. is developing Desert Sky Esplenade, a 28,800 sq.ft. center located adjacent to the Desert Sky Mall at 7515 West Encanto Boulevard in Phoenix, AZ. Completion is slated for January 2003. The center is situated on a land area of 6.75 acres. The expansion of Desert Sky Esplenade, which is currently anchored by Wal*Mart and Lowe’s Home Improvement Center, will include a 12,000 sq.ft. Party City. Two additional spaces have been leased to Washington Mutual, Inc. and AT&T Wireless. The center has 8,000 sq.ft. of space available, as well as two pads.For more information, contact Sheri A. Tantari or Sarah J. McLain, The McShane Cos., 9550 West Higgins Road, Suite 200, Rosemont, IL 60018; 847-292-4300, Fax 847-292-4310; Emails: stantari@mcshane.com or smclain@mcshane.com; Web site: www.mcshane.com. Endeavor Real Estate Group is developing Target Lakeline Center located at the intersection of Highway 183 and Lakeline Mall Drive in Austin, TX. The center is anchored by a Super Target. The center has 31,500 sq.ft. of specialty space, three junior anchor spaces of 33,000 sq.ft., 30,000 sq.ft. and 23,000 sq.ft., as well as four pad sites, suitable for restaurants or bank facilities available. The center is tenanted by a Bennigan’s restaurant, a Denny’s and ABC Bank. For more information, contact Endeavor Real Estate Group, 100 Congress Avenue, Suite 1310, Austin, TX 78701; 512-682-5500, Fax 512-682-5505. Network Real Estate Group, Ltd. is preleasing Willow Springs Village Center located on Archer Avenue and Willow Springs Road in Willow Springs, IL with a daily traffic count of 50,000 vehicles. The center has spaces available of 850 sq.ft., 1,413 sq.ft. and 1,601 sq.ft., as well as a 58,000 sq.ft. outlot. The center is slated for a January 2003 opening and will be tenanted by a cellular phone store, a coffee shop, a boutique and a restaurant. Asking rent is $18 psf with CAM of $1.50 psf and taxes of $4.50 psf. The site is near 140 townhomes, 104 condominiums, a village hall and a metro train station. For more information, contact Linda Schwartz, Network Real Estate Group, Ltd., 9031 West 151st Street, Suite 203, Orland Park, IL 60462; 708-873-5540, Fax 708-873-0157; Web site: www.networkregroup.com.
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