Stanberry Development is developing The Shoppes at English Village, a 104,000 sq.ft. center located at the intersection of State Route 309 and State Route 63 in Montgomeryville, PA. Anchors include Ann Taylor, Talbots, Jos. A. Bank, Chico’s, Coldwater Creek, Kitchen Kapers, Domain and Bombay. Groundbreaking will take place this month, with completion slated for September 2003. Area demographics include a population of 607,213 within 10 miles earning $84,127 as the average household income. The center has spaces available of 2,000 sq.ft., 3,000 sq.ft. and 5,000 sq.ft. The company also is developing Harrisburg Town Center, a 112,000 sq.ft. center located in Harrisburg, PA. Anchors include Talbots, Ann Taylor Loft and Banana Republic. Construction is expected to begin March 2003, with completion slated during March 2004. The center has spaces available of 1,500 sq.ft., 2,000 sq.ft., 3,500 sq.ft. and 7,000 sq.ft. Area demographics include a population of 311,374 within 10 miles earning $59,972 as the average household income. The company also is developing The Shoppes at Union Hill, an 88,500 sq.ft. center located in Denville Township, NJ with a daily traffic count of 40,530 vehicles. Anchors include Ann Taylor, Talbots, Banana Republic, GAP/GAP Body, Pier 1, Chico’s, Jos. A. Bank, Bombay and Children’s Place. The center has spaces available of 1,500 sq.ft., 2,000 sq.ft. and 5,500 sq.ft. Completion is slated for April 2003. Area demographics include a population of 366,730 within 10 miles earning $115,498 as the average household income.

For more information, contact Ray Brunt, Stanberry Development, 250 East Broad Street, Suite 200, Columbus, OH 43215; 614-437-8100, Fax 614-437-8101.

For more information, contact Craig Finfrock, Commercial Retail Advisors, LLC, 6181 East Miramar Drive, Tucson, AZ 85715; 520-722-0409, Fax 520-751-7465; Email: cfinfrock@comcast.net; Web site: www.cradvisorsllc.com.

CB Richard Ellis is leasing Country Club Village, a 100,000 sq.ft. center located at the intersection of Monterey Avenue and Country Club Drive in Rancho Mirage, CA. Anchors include Albertsons and Starbucks. Construction is expected to begin this Fall, with completion slated for Summer 2003. Area demographics include a population of 112,035 within five miles earning $38,824 as the average household income. The center has spaces available of 1,300 sq.ft. to 4,500 sq.ft.

Florham Realty Group, Inc. is developing The Orchards at Dover, a 100,000 sq.ft. center located at the intersection of Route 37 West and St. Catharine’s Boulevard in Toms River, NJ. The strip center is situated on a land area of 16 acres and has space available. Area demographics include a population of 149,491 within 10 miles earning $60,938 as the average household income. Market rent is $12 psf to $18 psf, while asking rent is $16 psf.

Lee & Associates is preleasing The Courtyards at Talega, a proposed 60,000 sq.ft. center located at the intersection of Avenida Pico and Avenida La Pata in San Clemente, CA. Mission Health Center will occupy the first floor, while Starbucks, Quiznos and Great Clips Hair Salon will occupy 18,000 sq.ft. of ground floor space. The center is located across from the new Plaza Pacifica community center, the Rancho San Clemente Business Park and the new Talega Business Park. The company also is developing 12 acres of retail space located at the intersection of Interstate 15 and Ontario Avenue in Corona, CA with a daily traffic count of 141,000 vehicles. The property is adjacent to Home Depot and Sam’s Club. Area demographics include a population of 146,496 within five miles earning $64,749 as the average household income.

Insignia/ESG is preleasing Preston@Lebanon Village, a planned 52,600 sq.ft. center located at the intersection of Preston and Lebanon in Frisco, TX. Construction is expected to begin at the end of the year. The center will have a 40-foot high facade with frontage on Preston Road and will be near Stonebriar Centre and the Tom Thumb Center.

Horizon Properties is developing Miller West Plaza, a 77,269 sq.ft. center located at the intersection of Miller Road (56th Street) and 157th Avenue in Miami, FL. The center is anchored by a 44,271 sq.ft. Publix supermarket and a 13,650 sq.ft. Walgreens. Lease rates are $25 psf NNN. The center has space available of 1,120 sq.ft. Completion is slated for Spring 2003. The company also is developing Aco Plaza, a 40,000 sq.ft. center located at the intersection of West 68th Street (122nd Street) and West 28th Street (87th Street) in Hialeah, FL. The center is anchored by Walgreens and Bahamas Seafood Restaurant. Space of 1,020 sq.ft. is available. The lease rate is $20 psf NNN.