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New Construction
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New Construction Heritage Property Investment Trusts, Inc. is planning to develop a 106,000 sq.ft. strip center anchored by a major national tenant at County Line Mall in Johnson County, IN. The mall’s inside corridor would be eliminated and each of the stores would have an exterior entrance facing U.S. Route 31. For more information, contact Heritage Property Investment Trusts, Inc., 535 Boylston Street, 10th floor, Boston, MA 02116-3766; 617-247-2200, Fax 617-266-0885; Web site: www.heritagerealty.com. Ross Realty Investments is preleasing a site at the intersection of Flamingo Road and Orange Drive in Davie, FL. The development will feature freestanding retail, fast food restaurants, inline retail as well as a storage facility. Space is available for preleasing on parcel "A" from 1,500 sq.ft. to 5,500 sq.ft. The center will be located near the 450-unit Imagination Farms development, as well as the River Stone housing development project. Area demographics include a population of 237,814 within five miles earning $76,744 as the average household income.For more information, contact Ross Realty Investments, 3325 South University Drive, Suite 210, Davie, FL 33328-2007; 954-452-5000, Fax 954-452-4700; Email: info@ross-realty.com; Web site: www.ross-realty.com. B. Green & Co., Inc., Black Oak Associates and Baltimore Development Corp. are developing Belair Edison Crossing located at 2401 Belair Road in northeast Baltimore, MD. The center will be situated on a land area of 16 acres. The center is expected to include apparel stores, a home improvement store and a restaurant. B. Green & Co. will develop a 35,000 sq.ft. wholesale food service. The remaining 100,000 sq.ft. of space is expected to be leased over the next year or two. For more information, contact Black Oak Associates, 10055 Red Run Boulevard, Suite 130, Owings Mills, MD 21117; 410-356-5820, Fax 410-356-5822. Or contact, Benjamin L. Green, B. Green & Co., Inc., 1300 South Monroe Street, Baltimore, MD 21230-1712; 410-783-7777. Or contact, Baltimore Development Corp., 36 South Charles Street, Suite 1600, Baltimore, MD 21201; 410-837-9305, Fax 410-837-6363. Bosshardt Realty Services, Inc. is preleasing University Corners, a mixed-use development being constructed at the intersection of 13th Street and University Avenue in Gainesville, FL. Completion is slated for next year. The first phase will include 68,000 sq.ft. of mixed-use space plus a parking garage. The second phase will include 110,000 sq.ft. mixed-use space plus a parking garage. The four-story project is near the University of Florida. Rents range from $17 psf to $33 psf plus CAM. For more information, contact John Thomas, Bosshardt Realty Services, Inc., 5542 43rd Street, Gainesville, FL 32653; 352-371-6100, Fax 352-378-2737; Email: gainesvilleflrealtor@hotmail.com. Sizeler Property Investors, Inc. is planning to redevelop 104,000 sq.ft. of space in Lantana, FL instead of accepting an offer from Kmart to renegotiate the economic terms of its lease.For more information, contact Sizeler Property Investors, Inc., 2542 Williams Boulevard, Kenner, LA 70062; 504-471-6200, Fax 504-471-6291. Inland Retail Real Estate Trust, Inc. is planning to develop the 62,840 sq.ft. SouthWood Village Shopping Center on a land area of 11.02 acres in Tallahassee, FL. The center will be anchored by a 44,840 sq.ft. Publix supermarket, leaving 18,000 sq.ft. of shop space available. Gate Petroleum purchased a 1.5-acre outparcel on the corner of Capital Circle and Blair Stone Road to build a 5,250 sq.ft. gasoline/convenience store, while Sun Trust bank will occupy 4,300 sq.ft. For more information, contact Inland Retail Real Estate Trust, Inc., 2901 Butterfield Road, Oak Brook, IL 60523; 888-331-4732, Fax 630-218-7350. Collett & Associates, Inc. is developing White Oaks Crossing Shopping Center located at the intersection of Interstate 40 and Highway 70 in Garner, NC. The center is tenanted by Kohl’s Department Store, BJ’s Wholesale Club, Dick’s Sporting Goods, Linens ‘n Things, Best Buy, Ross Dress for Less, T.J. Maxx, Pier 1 Imports, Michael’s Arts & Crafts, Barnes & Noble, Chili’s Grill & Bar, McDonald’s and Chick-fil-A. Phase 1 of the project is expected to encompass 255,000 sq.ft., while phase II is expected to be 270,000 sq.ft. Opening is slated for June of this year. For more information, contact Tom McMillan, Collett & Associates, Inc., 1228 East Morehead Street, Suite 200, Charlotte, NC 28204; 704-376-6523, Fax 704-335-8654; Web site: www.collettassociates.com. Triangle Equities is planning to develop 23 acres along the south side of Rockaway Boulevard just west of Brookville Boulevard in New York, NY. The company plans to alter 10 acres to make way for Brookville Center, a complex of six buildings ranging from 5,000 sq.ft. to 100,000 sq.ft. The project would include stores, two restaurants and a self-storage area. The remaining land would stay largely undeveloped, with the exception of a waterfront boardwalk. For more information, contact Triangle Equities, 3056 Whitestone Expressway, Flushing, NY 11354, Suite 360; 718-463-5757, Fax 718-321-8279. Steininger Development, Inc. is developing a 212,000 sq.ft. Wal*Mart Supercenter at Chapel Ridge located at the intersection of Maysville Road and Interstate 469 in Fort Wayne, IN. A 78,000 sq.ft. Kohl’s department store also is expected to open at the shopping center in September. Chapel Ridge includes six outlots, including four under contract and two outlots for restaurant use. The center will be tenanted by a Burger King and a Murphy’s Oil gas station.For more information, contact Steininger Development, Inc., 7221 Engle Road, Fort Wayne, IN 46804; 260-459-1771. |