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New Construction
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New Construction CB Richard Ellis is preleasing a 100,000 sq.ft. center at the intersection of Madison and 91 Freeway in Riverside, CA. Demographics include a population of 94,295 within three miles earning $58,435 as the average household income. The center’s daily traffic count is 176,000 vehicles. The site has an existing Bally Total Fitness and Home Depot is nearby. For more information, contact Jeff Moore or Barclay S. Harty, CB Richard Ellis, 2125 East Katella Avenue, Suite 100, Anaheim, CA 92806; 714-939-2217 (Jeff), 714-939-2196 (Barclay); Web site: www.cbre.com. Strategic Retail Advisors are the exclusive agents for Phase I of Eastvale Gateway. The 820,000 sq.ft. retail development is located at the intersection of Interstate 15 Freeway and Limonite Avenue in Riverside, CA. The first phase of the center is expected to open during the Winter. Projected demographics include a population of 126,559 within five miles. Major tenants include Home Depot and Vons. Phase II is projected to open in 2005. For more information, contact Nelson Wheeler or Jim Clarkson, Strategic Retail Advisors, 567 Nicholas Drive, Suite 300, Newport Beach, CA 92660; 949-640-6678, Fax 949-6696; Web site; www.strategicretailadvisor.com. Warren Commercial Real Estate, Inc. is leasing Parkway Commons located at the intersection of Mack Hatcher Parkway and Columbia Avenue in Franklin, TN. The 234,000 sq.ft. center has a daily traffic count of 20,000 vehicles. The center is anchored by Target and Kroger. Demographics include a population of 28,397 within three miles earning $83,491 as the average household income. The center has spaces of 1,400 sq.ft. and 43,000 sq.ft. available and is expected to open in January 2005. For more information, contact Mike Baggett, Warren Commercial Real Estate, Inc., 5217 Maryland Way, Suite 300, Brentwood, TN 37027; 615-309-0781, Fax 615-309-0784. Courtelis Co. closed the sale of 14 acres to Wal*Mart for a 150,386 super center at Lakewood Shopping Center located at the intersection of 441 and West Atlantic Boulevard in Margate, Broward County, FL. The 338,314 sq.ft. shopping center will be cotenanted by Dots Fashions, Payless Shoes, EB Games, Quiznos, King Dollar and Supermercado Brasileiro. The final phase of the redevelopment is planned to include the subdivision of a vacant 73,000 sq.ft. building into a multi-tenant facility and the addition of 10,000 sq.ft. of inline shops. For more information, contact Rod Caston, Courtelis Co., 701 Brickell Avenue, Suite 1400, Miami, FL 33131; 305-379-8467, Fax 305-381-7875. Talleyville Properties is leasing Brookworth Plaza on Business Route 322, also known as Downingtown Pike, in East Bradford Township, PA. The center will be anchored by Acme, McDonald’s and CVS Pharmacy. Demographics include a population of 100,000 within five miles. For more information, contact H. Larry Wilde, Talleyville Properties, 501 Silverside Road, Wilmington, DE 19809; 302-793-4934. Denny Elwell Co. is developing Delaware Center in Ankeny, IA. The 156,000 sq.ft. power center has a daily traffic count of 60,000 vehicles. Demographics include a population of 35,000 within three miles. The center has spaces of 26,000 sq.ft., 6,400 sq.ft., 2,800 sq.ft., 1,400 sq.ft. and 14,000 sq.ft. available. The center is expected to open during the Spring. Area retailers include Super Wal*Mart, Target, Kohls and Pier One. For more information, contact Chris Murray, Denny Elwell Co., PO Box 187, Ankeny, IA 50021; 515-964-1587, Fax 815-964-8749. Petrovich Development Co. is leasing R Street Market, a shopping center located at R Street to S Street and 18th Street to 19th Street in Sacramento, CA. The 83,049 sq.ft. center will be cotenanted by Safeway, Peet’s Coffee and Panda Express. For more information, contact Paul Petrovich, Petrovich Development Co., 5046 Sunrise Boulevard, Suite One, Fair Oaks, CA 95628; 916-966-4600, Fax 916-966-4005. The Schultz Organization is preleasing The Oaks at Glenwood, located in Middlesex County, NJ. The 100-acre retail center has daily traffic count of 55,240 vehicles.For more information, Harvey Schultz, The Schultz Organization, 900 Route 9 North, Woodbridge, NJ 07095; 732-855-0001, Fax 732-855-0034; Web site: www.schultznet.com Capital Realty & Development, LLC is developing Cumberland Square, located at the intersection of Route 46 and Delsea Drive in Millville Township, NJ. The 215,000 sq.ft. shopping center is anchored by a 144,000 sq.ft. Lowe’s Home Improvement Warehouse. A proposed 60,000 sq.ft. supermarket is projected to anchor the center. There is a two-acre pad for a building of up to 10,000 sq.ft. Projected demographics include a population of 25,967 within three miles. Area retailers includes Wal*Mart, Pathmark, Home Depot, Kmart and Cumberland Mall. A Spring 2004 opening is projected. For more information, contact Capital Realty & Development, LLC, 14 Ridgedale Avenue, Suite 103, Cedar Knolls, NJ 07927; 973-267-0122, Fax 973-267-1317. InterState Commercial Real Estate is expanding Snyder Square Shopping Center. The shopping center is located at the intersection of Cowpath and Orvilla Road in Hatifield, PA and is anchored by Clemens Markets and Rite Aid Drug Store. Commerce Bank, CVS and Burger King will join the center, which has 65,000 sq.ft. of anchor space available. For more information, contact Robert Hill, InterState Commercial Real Estate, Inc., 17000 Horizon Way, Suite 100, Mt. Laurel, NJ 08054; 856-439-9200; Email: rmhill@erols.com. Vanguard Realty, Inc. is the exclusive broker for a new retail development at 33-66 Pompton Avenue in Cedar Grove, NJ. The project has a daily traffic count of 25,000 vehicles and stores available from 1,500 sq.ft. to 11,000 sq.ft. Demographics include a population of 415,405 within three miles earning $86,384 as the average household income. Neighboring retailers include King’s Supermarket, Annie Sez, Blockbuster, Staples, Marty Shoes, NJ Pets and Radio Shack. For more information, contact Neal J. Richards, Vanguard Realty, Inc., 195 Columbia Turnpike, Florham Park, NJ 07932; 973-443-9700, Fax 973-966-0123. Silbert Realty & Management Co., Inc. is leasing Gateway East, located at 53-55 Mountain Boulevard in Warren, NJ. The mixed-use complex has spaces of 4,863 sq.ft. and 5,749 sq.ft. available for retail. Demographics include a population of 47,823 within three miles earning $83,561 as the median household income. Opening is slated for the first quarter of 2004. For more information, contact Brian S. Silbert or Thomas M. Trobiano, Silbert Realty & Management Co., Inc., 786 Mountain Boulevard, Suite 204, Watchung, NJ 07069; 908-754-5353, Fax 908-754-6364; Web site: www.silbertrealestate.com; Email: info@silbertrealeaste.com. Hartz Mountain Industries, Inc. is developing Harmon Meadow, located in Secaucus, NJ. The shopping center is slated to open during the Summer 2004. The center will be cotenanted by Wal*Mart, Sam’s Club, Foot Locker, KB Toys and Kohl’s. During the Summer, Harmon Meadow will open up to 173,000 sq.ft. of big box retail adjacent to the current location, which will be occupied on a first-come, first-served basis. Demographics include a population of 263,296 within three miles. For more information, contact Hartz Mountain Industries, Inc., 400 Plaza Drive, Secaucus, NJ 07096; 201-348-1200, Fax 201-348-4358; Web site: www.hartzmountain.com. |