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New Construction
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New Construction JPA Real Estate is preleasing Bartlett Town Center, a 42,000 sq.ft. center located at the intersection of Main Street and Railroad Avenue in Bartlett, IL. The center is situated on a land area of six acres. Opening is slated for October. Area demographics include a population of 212,512 within five miles earning $98,396 as the average household income. Asking rent is $16 psf NNN with CAM of $4 psf and taxes of $5 psf. For more information, contact Terry Semmens, JPA Real Estate, 1200 Harger Road, Suite 602, Oak Brook, IL 60523; 630-990-8200, Fax 630-990-8222; Email: tsemmens@jparealestate.com; Web site: www.jparealestate.com.
Alliance Capital Partners is preleasing Northfield Plaza, an 18,600 sq.ft. center located on Emerson Drive, off County Road 6, west of Cassopolis Street in Elkhart, IN. Opening is slated for the Spring. Area demographics include a population of 84,000 within five miles earning $37,000 as the average household income. The company also is preleasing Westfield Plaza, a 30,100 sq.ft. center located at the intersection of JC Parkway and Bettis Drive in Bloomington, IL. Opening is slated for the Fall. Area demographics include a population of 95,000 within five miles earning $57,000 as the average household income. The company also is preleasing Southpointe Plaza, a 9,600 sq.ft. center located on State Road 9, north of U.S. 70, in New Castle, IN. Opening is slated for the Spring. Area demographics include a population of 25,000 within five miles earning $46,000 as the average household income. Tenants include Cato, Friedman’s Jewelry and GameStop. The company also is preleasing a 16,000 sq.ft. center located on State Road 6 East in Kendalville, IN. Opening is slated for the Fall. Area demographics include a population of 43,000 within 10 miles earning $55,000 as the average household income. For more information, contact Mike Schlemmer, Alliance Capital Partners, PO Box 311, Shipshenawa, IN 46565; 260-463-7478, Fax 260-463-3338.
Sooner Investment Realty is preleasing University Village, an 80,000 sq.ft. center located at the intersection of 2nd Street and Bryant Avenue in Edmond, OK. The center is situated on a land area of seven acres. Tenants include Wal*Mart Neighborhood Market, Cold Stone Creamery and Steak N Shake. Area demographics include a population of 89,843 within five miles earning $48,156 as the average household income. Market and asking rent is $18 psf. For more information, contact Brandy Tice, Sooner Investment Realty, 912 NW 57th Street, Oklahoma City, OK 73118; 405-842-0456, Fax 405-840-2366; Web site: www.soonerinvestment.com.
CB Richard Ellis is preleasing Colonies Crossroads, a one million sq.ft. center located off the 210 Freeway at the Campus Avenue exit in Upland, CA. Opening is slated for March 2005. Anchors include Target, Kohl’s, Bed Bath & Beyond and Home Depot. Area demographics include a population of 280,854 within five miles earning $79,258 as the average household income. For more information, contact Angie Nett, CB Richard Ellis, 4141 Inland Empire Boulevard, Suite 100, Ontario, CA 91764; 909-418-2000, Fax 909-418-2100.
NAI Hiffman is preleasing Shorewood Commons II, a 17,000 sq.ft. center located at the intersection of Vertin Boulevard and Route 59 in Shorewood, IL. The center is situated on a land area of 3.96 acres. Opening is slated for August. Anchors include Target Greatland and Office Depot, while tenants include Chili’s, Portillos and National City. Area demographics include a population of 114,809 within five miles earning $72,738 as the average household income. The site has an average daily traffic count of 20,000 vehicles. For more information, contact Ken Erickson, NAI Hiffman, 22nd and Butterfield, One Oakbrook Terrace, Suite 600, Oakbrook Terrace, IL 60181; 630-693-0682, Fax 630-732-9258; Email: kerickson@hiffman.com; Web site: www.hiffman.com.
RMC Property Group is preleasing Beachway Plaza, a 123,000 sq.ft. center located at the intersection of Manatee Avenue West and 75th Street West in Bradenton, FL. Opening is slated for Fall. Tenants include Publix Supermarket, Beall’s Outlet, GNC, Murphy Beds and The UPS Store. Area demographics include a population of 113,380 within five miles earning $54,150 as the average household income. The site has an average daily traffic count of 28,000 vehicles. For more information, contact Linda West, RMC Property Group, 1733 West Fletcher Avenue, Tampa, FL 33612; 800-728-5379, Fax 813-963-2596; Email: lwest@rmcpg.com; Web site: www.rmcpg.com.
Suburban Plaza Associates is preleasing Suburban Plaza, a 20,000 sq.ft. center located at the intersection of Route 36 and Conover Road in Longbranch, NJ. Opening is slated for July. The center is tenanted by Quizno’s Subs, Dunkin’ Donuts, Dollar Store, Welsh Farms and a Chinese restaurant. Asking rent is $20 psf. For more information, contact Sammy Botton, Suburban Plaza Associates, 492 Route 36, Long Branch, NJ 07740; 917-804-4234, Fax 212-630-0504; Email: sbotton@kidstownusa.com.
Advantis Real Estate Services Co. is preleasing Bennett’s Creek Crossing, a 114,300 sq.ft. center located at the intersection of Route 17 and Shoulders Hill Road in Suffolk, VA. Opening is slated for January 2005. The center is anchored by Farm Fresh. Asking rent is $17 psf with CAM, taxes and insurance of $3 psf. The site has an average daily traffic count of 23,152 vehicles. Area demographics include a population of 66,749 within five miles earning $62,806 as the average household income. For more information, contact Ed Kimple or Natalie Hucke, Advantis Real Estate Services Co., 101 West Main Street, Suite 900, Norfolk, VA 23510; 757-627-0660, Fax 757-627-1901; Email: ekimple@advantisgva.com; Web site: www.advantis.com.
Eastco Development is developing an IKEA power center, a 300,000 sq.ft. center located at the intersection of Interstate 95 and Long Wharf in New Haven, CT. The center is situated on a land area of 20 acres. Opening is slated for the Fall. The site has an average daily traffic count of 100,000 vehicles. Area demographics include a population of 250,000 within five miles earning $50,000 as the average household income. For more information, contact Robert Castellis, Eastco Development, 1 Trap Falls Road, Shelton, CT 06484; 203-929-4539, Fax 203-944-9635; Email: dlm1965@aol.com.
Victory Investments, Inc. is preleasing The Shops at Belle Promenade, a center located in New Orleans, LA. The center is anchored by Wal*Mart Supercenter and is tenanted by Simply Fashions and Friedman’s. Opening is slated for October. Area demographics include a population of 695,000 within 10 miles earning $49,000 as the average household income. Market and asking rent is $18 psf with CAM of $1.50 psf and taxes of $1.90 psf. The company also is preleasing Anderson Towne Center, a 425,145 sq.ft. center located on 5 Mile Road in Cincinnati, OH. The center is situated on a land area of 48 acres. Tenants include Kroger, Lazarus, CVS, Uno’s, T.G.I. Friday’s, Kmart, Moe’s Southwest Grill and Top Nails. Opening is slated for October. Asking rent is $24 psf with CAM of $2.83 psf and taxes of $0.53 psf. For more information, contact Bill Haynes, Victory Investments, Inc., 506 Manchester Expressway, Suite B5, Columbus, GA 31904; 706-327-4774, Fax 706-653-0983.
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