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New Construction
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New Construction Brant Cos. is developing Cline Commons, a 40,000 sq.ft. center located at the intersection of U.S. 30 and Cline Avenue in Schererville, IN with a daily traffic count of 70,000 vehicles. Tenants include Mercantile National Bank and Meridian Title. Construction is expected to begin during October, with completion slated for Spring 2003. Market and asking rent is $16 psf, with CAM of $1 psf and taxes of $1.50 psf. Area demographics include a population of 119,540 within five miles earning $74,903 as the average household income.For more information, contact Jeff Brant, Brant Cos., 1947 Woodlawn Avenue, Griffith, IN 46319; 219-838-2300, Fax 219-838-5218; Email: jbrant@brantco.com; Web site: www.brantco.com. U.S. Realty Associates, Inc. is preleasing The Shoppes at Valley Square located at the intersection of Routes 611 and 132 in Warrington, PA. The center will be anchored by a 130,000 sq.ft. Wegmans and will include 170,000 sq.ft. of retail space, a 235,000 sq.ft. corporate office center, a 9,300 sq.ft. child care center, a Holiday Inn Express and 250 residential units. Area demographics include a population of 127,644 within five miles earning $77,482 as the average household income. For more information, contact U.S. Realty Associates, Inc., 1500 Sansom Street, Suite 300, Philadelphia, PA 19102; 215-557-9900, Fax 215-557-8546. Primerica Group One, Inc. is developing Collier Commons, a proposed 250,000 sq.ft. center located at the intersection of State Route 54 and Collier Parkway in Pasco County, FL with a daily traffic count of 51,000 vehicles. The center will consist of 195,000 sq.ft. for big box and junior box tenants, 25,000 sq.ft. of small shop spaces and seven outparcels located along State Route 54 for sale, ground-lease of build-to-suit. Area demographics include a population within five miles earning $74,000 as the average household income. The site is near Winn-Dixie, Publix and Kmart. For more information, contact George Trujillo, Primerica Group One, Inc., 3609 Madaca Lane, Tampa, FL 33618; 813-933-0629, Fax 813-935-3420; Email: gtrujillo@primericagroupone.com. Catalfumo Construction and Development, Inc. is developing Legacy Place, a 399,000 sq.ft. center located at the intersection of PGA Boulevard and Alternate A1A in Palm Beach Gardens, FL. Area demographics include a population of 102,842 within five miles earning $79,754 as the average household income. For more information, contact Catalfumo Construction and Development, Inc., 4300 Catalfumo Way, Palm Beach Gardens, FL 33410; 561-694-3000; Web site: www.catalfumo.com. Colliers Seeley is leasing Riverpark, a mixed-use, 700-acre, master-planned community with 2,800 housing units and 1,000,000 sq.ft. of retail and commercial space located at the intersection of Ventura Freeway and Oxnard Boulevard in Oxnard, CA with a daily traffic count of 197,000 vehicles. Area demographics include a population of 591,959 within 20 miles earning $76,981 as the average household income. Spaces available range from 6,000 sq.ft. to 163,000 sq.ft.For more information, contact Linda Hagelis, Colliers Seeley, 1901 North Solar Drive, Suite 185, Oxnard, CA 93036; 805-988-8050, Fax 805-988-8058. Colliers International is preleasing Slatten Ranch located at the intersection of Highway 4 Bypass and Lone Tree Way in Antioch, CA with a daily traffic count of 22,000 vehicles. Area demographics include a population of 100,000 within five miles earning $70,500 as the average household income. The center will be located near a proposed big box and neighborhood center and Albertsons, Longs, Regal Cinemas and Wal*Mart. For more information, contact John Sechser, Colliers International, 1850 Mount Diablo Boulevard, Suite 200, Walnut Creek, CA 94596; 925-279-5588; Email: jsechser@colliersparrish.com. Eclipse Development Group is developing Potrero Grande Drive South, a 150,000 sq.ft. center located at State Highway 60 Pomona Freeway in Monterey Park, CA with a daily traffic count of 251,000 vehicles. The center has space of 15,000 sq.ft. available. The project is located adjacent to the proposed 500,000 sq.ft. Monterey Park Market Place Center, which will be anchored by Target and Home Depot. Area demographics include a population of 676,085 within five miles earning $53,288 as the average household income. For more information, contact Doug Gray, Eclipse Development Group, 17802 Skypark Circle, Suite 200, Irvine, CA 92614; 949-251-8555. Gibraltar Management is developing a site in Bowie, MD. Area demographics include a population of 120,032 within seven miles earning $70,544 as the average household income. The company also is developing a site in Dillsburg, PA. Area demographics include a population of 39,101 within seven miles earning $50,959 as the average household income. For more information, contact Gibraltar Management, 150 White Plains Road, Tarrytown, NY 10591; 914-631-6200, Fax 914-631-6243; Web site: www.gibraltarmgt.com. Colliers Lanard & Axilbund is preleasing The Village at Fountainville located at the intersection of Ferry Road and Swamp Road in Doylestown, PA. The center has up to 10,000 sq.ft. of space available and is anchored by CVS. For more information, contact Richard L. Soloff, Colliers Lanard & Axilbund, 399 Market Street, Philadelphia, PA 19106-2183; 215-925-4600 or 856-234-9300, Fax 215-925-1040; Web site: www.collierslanard.com; Email: info@collierslanard.com. Aston Properties, Inc. is developing Colony Place, a 100,000 sq.ft. center located at the intersection of Colony and Rea Roads in Charlotte, NC. The 10-acre project will be anchored by Harris Teeter and Walgreens and will be tenanted by a bank and approximately 32,000 sq.ft. of shop space. Opening is slated for Fall 2003. The center will feature a 60-foot clock tower, brick and fieldstone chimneys, slate and copper roofs, tumbled colonial-style brick and stone buildings and parking lot screen walls. The center also has walkways, outdoor restaurant seating and benches and a fountain centerpiece. For more information, contact G. Steele Dewey III, Aston Properties, Inc., 6525 Morrison Boulevard, Suite 300, Charlotte, NC 28211; 704-366-7337, Fax 704-365-3215. Pine Tree Commercial Realty is developing the 136,214 sq.ft. University Crossings located at Interstate 80/90 in Mishawaka, IN. A 174,000 sq.ft. Super Target is adjacent to the site. The center is 80% preleased and will be anchored by a 28,080 sq.ft. Marshalls and a 24,779 sq.ft. Babies "R" Us. Cotenants include a 14,505 sq.ft. Petco, a 10,080 sq.ft. Famous Footwear, a 10,080 sq.ft. Dollar Tree Stores, a 10,000 sq.ft. Pier 1 Imports, a 7,920 sq.ft. Dress Barn, a 4,400 sq.ft. Catherine’s and a 1,200 sq.ft. Hair Cuttery. Completion is slated for March 2003.For more information, contact Tim Roe, Pine Tree Commercial Realty, 51 Sherwood Terrace, Suite C, Lake Bluff, IL 60044; 847-735-0664. Indianapolis Consulting, Inc. is developing a 112,250 sq.ft. center located at West Washington Street in Plainfield, IN with a daily traffic count of 40,000 vehicles. The center will be located near a Kohl’s, Super Target, Wal*Mart, Old Navy and Pier 1. Opening is slated for next year. Area demographics include a population of 266,000 within 10 miles earning $56,551 as the average household income. The center has spaces available of 10,000 sq.ft. For more information, contact Mike Peoni, Indianapolis Consulting, Inc., 429 Jefferson, Coatesville, IN 46121; 317-345-3415, Fax 765-386-7252. |