New Construction
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New Construction

SEC Commercial Realty Group, Inc. is preleasing Boca Grand, a 20,000 sq.ft. center located at the intersection of Federal Highway and SE 2nd Street in Boca Raton, FL. Opening is slated for early 2004. Area retail includes Mizner Park and Royal Palm Plaza. Asking rent is $30 psf with CAM of $7.

For more information, contact Nora Mikula, SEC Commercial Realty Group, Inc., 7050-51 West Palmetto Park Road, Boca Raton, FL 33433; 561-347-0888, Fax 561-347-1669; Email: nmikula@secenters.com.

Skilken Properties is preleasing Riviere Center, a 27,000 sq.ft. center located at the intersection of U.S. 19 and Alderman Road in Palm Harbor, FL with an average daily traffic count of 101,567 vehicles. The center is anchored by Albertsons and has spaces available of 1,200 sq.ft. to 8,000 sq.ft., as well as a one-acre outlot. Rents range from $20 psf to $23 psf with NNN of $3.50 psf. Area demographics include a population of 226,303 within six miles earning $55,363 as the average household income.

For more information, contact Skilken Properties, 4270 Morse Road, Columbus, OH 43230; 614-418-3100, Fax 614-418-3101.

St. Joe Commercial is preleasing Pier Park, an entertainment center located on U.S. 98 in Panama City Beach, FL with an average daily traffic count of 25,000 vehicles. The master-planned development will feature restaurants and a retail center.

For more information, contact Tom Watson, St. Joe Commercial, 100 Beckrich Road, Suite 200, Panama City Beach, FL 32407; 888-836-8353; Email: twatson@joe.com.

Casto Southeast is developing Lakeside Village, a 500,000 sq.ft. lifestyle center located at the intersection of Polk Parkway and Harden Boulevard in Lakeland, FL. The project will be anchored by an 18-screen Cobb Cinema, a department store, retail shops and a restaurant, with approximately 50,000 sq.ft. of office space on the second level. Seven outparcels are also planned. Construction is slated to begin in the first quarter of 2004, with completion slated for the first quarter of 2005.

For more information, contact Barbara Carnes, Casto Southeast, 401 North Cattlemen Road, Suite 108, Sarasota, FL 34232; 941-552-2708, Fax 941-325-9562; Email: bcarnes@castosoutheast.com.

Heritage Development Co. is developing a center located at the intersection of Pine Island Road and Nicholas Parkway in Cape Coral, FL. The 178,710 sq.ft. center is anchored by Wal*Mart Neighborhood Market and has spaces available of 15,000 sq.ft. to 30,100 sq.ft. Area demographics include a population of 81,044 within five miles earning $58,088 as the average household income.

For more information, contact Heritage Development Co., 34555 Chagrin Boulevard, Moreland Hills, OH 44022; 440-914-4300, Fax 440-247-9767.

Thomas Enterprises, Inc. is developing Tarpon Springs Pavilion located at the intersection of U.S. 19 and Klosterman Road in Tarpon Springs, FL with an average daily traffic count of 145,000 vehicles. The 250,000 sq.ft. center is situated on a land area of 23 acres. Area demographics include a population of 367,793 within 10 miles earning $60,416 as the average household income.

For more information, contact Thomas Enterprises, Inc., 300 Village Green Circle, Suite 200, Smyrna, GA 30080; 770-801-8222, Fax 770-801-1222.

Coldwell Banker Devonshire is preleasing Windsor Galleria, a center under construction at the intersection of Windsor Road and Galen Drive in Champaign, IL. The 22,000 sq.ft. center is slated to open during the Fall, with a 3,400 sq.ft. restaurant, Sun Singer Wine & Gifts and a Starcrest Cleaners.

For more information, contact Coldwell Banker Devonshire, 201 West Springfield, 4th Floor, Champaign, IL 61820; 217-352-7712, Fax 217-352-5513; Email: champaign@devonshire-realty.com.

Colliers International is preleasing Valpico Town Center, a 100,000 sq.ft. center located at the intersection of MacArthur Drive and Valpico Road in southeast Tracy, CA with an average daily traffic count of 29,300 vehicles. The center is situated on a land area of 10.7 acres and has spaces available of 1,200 sq.ft. to 10,000 sq.ft. Area demographics include a population of 66,357 within five miles earning $73,636 as the average household income.

For more information, contact Lisa Hodgson, Colliers International, 3414 Brookside Road, Suite 300, Stockton, CA 95219; 209-475-5111; Email: lhodgson@colliersparrish.com.

Fraga Properties is preleasing Doral Point Shopping Center, a 30,000 sq.ft. center located at the intersection of NW 21st Street and NW 107th Avenue in Miami, FL with an average daily traffic count of 58,000 vehicles. The center is situated on a land area of three acres. Anchors include McDonald’s, Goodyear Tire, Mattress Giant, Subway, Dry Clean USA, H&R Block and South Trust Bank. Opening is slated for October. Area retail includes Miami International Mall, Dolphin Mall, Pier 1 Imports, Bed Bath & Beyond, Starbucks and Party City. Area demographics include a population of 222,452 within five miles earning $50,357 as the average household income.

For more information, contact Albert J. Fraga, Fraga Properties, 255 Alhambra Circle, Suite 380, Coral Gables, FL 33134; 305-446-4567, Fax 305-446-4580; Email: albert@fragaproperties.com.

Madison Retail Group is preleasing University Town Center, a 300,000 sq.ft. center located at the intersection of East West Highway and Adelphi Road in Hyattsville, MD. The center has 61,000 sq.ft. of shop and restaurant space available, as well as anchor spaces of 26,000 sq.ft. to 86,000 sq.ft. The center is situated on a land area of 56 acres. The site is adjacent to the University of Maryland College Park Campus. Area demographics include a population of 471,614 within five miles earning $63,834 as the average household income.

For more information, contact Richard Lake, Madison Retail Group, 1850 M Street, 12th Floor, Washington, DC 20036; 202-730-2005, Fax 202-730-2030; Web site: www.madisonretailgroup.com.

De Rito Partners is preleasing Chandler Fiesta, a 687,824 sq.ft. center located on the future Santan Freeway on the Gilbert/Chandler, AZ border with an average daily traffic count of 13,100 vehicles. The center is located near the master-planned communities of Layton Lakes, Paseo Trails and Lantana Ranch and is one mile northeast of the Chandler Municipal Airport. Area demographics include a population of 141,602 within five miles earning $60,717 as the average household income. The company also is preleasing Ocotillo Towne Center, a 185,000 sq.ft. center located at the intersection of Alma School and Queen Creek Roads in Chandler, AZ with an average daily traffic count of 54,500 vehicles. The center is situated on a land area of 25.5 acres. Area demographics include a population of 128,977 within five miles earning $105,189 as the average household income.

For more information, contact De Rito Partners, Inc. 2400 East Arizona Biltmore Circle Building 4 Suite 2458 Phoenix AZ 85016; 480-834-8500.