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New Construction
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New Construction Dutchman Realty, Inc. is preleasing Mexico Centre, a center located at the intersection of Bryan and Mexico Road in O’Fallon, MO with an average daily traffic count of 20,000 vehicles. The center is situated on a land area of 12.8 acres and has spaces available of 1,500 sq.ft. to 18,000 sq.ft., as well as outlots of 30,000 sq.ft. and 43,560 sq.ft. Opening is slated for next year. Asking rents range from $15.50 psf to $16 psf. The company also is developing Market Street Center located at the intersection of Market Street and Old Highway 40 in Warrenton, MO. The center is situated on a land area of 14 acres and has an outlot available of 43,560 sq.ft. Area retail includes Wal*Mart Supercenter. For more information, contact Jeremy Malensky, Dutchman Realty, Inc., 800 South Fifth Street, St. Charles, MO 63301; 636-949-0777, Fax 636-949-5396; Email: jeremy@dutchmanrealty.com; Web site: www.dutchmanrealty.com. For more information regarding Market Street Center, contact Greg Loeffler at 636-949-0777.
Petrie Ventures is developing Centre at the Boulevard, a 750,000 sq.ft. center located at the intersection of Interstate 26 and Interstate 526 in Charleston, SC. The site has an average daily traffic count of 140,000 vehicles. Opening is slated for Spring 2005. Anchors include Wal*Mart and Sam’s Club. For more information, contact Lenn Jewel, Petrie Ventures, PO Box 2487, Reston, VA 20195; 703-444-5620, Fax 703-450-2003; Email: weiserguys@aol.com.
Carpionato Properties, Inc. is developing Westerly Crossings, a 146,752 sq.ft. center located at the intersection of Route 78 and Route 1 in Westerly, RI with an average daily traffic count of 30,200 vehicles. Opening is slated for next year. The center has outlots available of 6,000 sq.ft. and 14,000 sq.ft. Area demographics include a population of 130,619 within 15 miles earning $44,168 as the average household income. The company also is developing Mayfaire Centre, a 119,416 sq.ft. center located at the intersection of U.S. Route 1 and May Street with an average daily traffic count of 28,400 vehicles. Opening is slated for next year. The center has space available of 60,000 sq.ft., as well as an outlot of 6,000 sq.ft. Tenants include T.J. Maxx, Staples, BJ’s Wholesale Club, Sally’s Beauty and GNC. Area demographics include a population of 597,564 within 10 miles earning $47,539 as the average household income. For more information, contact Mark Briggs, Carpionato Properties, Inc., 1414 Atwood Avenue, Johnston, RI 02919; 401-273-6800 Ext. 134, Fax 401-751-2479; Email: mbriggs@carpionatoproperties.com; Web site: www.carpionatoproperties.com.
First Western Properties-Tacoma, Inc. is preleasing Sequim Village Marketplace, a 185,000 sq.ft. center located at the intersection of River Road and West Washington in Sequim, WA. The center will be anchored by Home Depot and will have 83,000 sq.ft. of inline space available. Lease rates range from $22 psf to $26 psf NNN. Demographics include a trade-area population of 85,967 earning $42,582 as the average household income. For more information, contact Lisa Tallman or Don Whittles, First Western Properties-Tacoma, Inc., 6402 Tacoma Mall Boulevard, Tacoma, WA 98409; 253-472-0404; Web site: www.fwp-inc.com.
Centdev Properties, LLC is preleasing Sanford Market Place, a 500,000 sq.ft. center located at the intersection of Highway 87 and Highway 421 in Sanford, NC. Opening is slated for Spring 2006. The center will be situated on a land area of 80 acres and will be anchored by a department store. Spaces available include 2,500 sq.ft.; 8,000 sq.ft.; 25,000 sq.ft., as well as an outlot of 70,000 sq.ft. For more information, contact Dale Tweedy, Centdev Properties, LLC, 16930 West Catawba Avenue, Suite 206, Cornelius, NC 28031; 704-895-1535, Fax 704-895-1504; Email: dtweedy@centdev.com; Web site: www.centdev.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 with an average daily traffic count of 23,152 vehicles. Opening is slated for January 2005. The center will be anchored by Farm Fresh. Asking rent is $17 psf with CAM, taxes and insurance of approximately $3 psf. The center has spaces available of 1,400 sq.ft. to 20,000 sq.ft. 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.
Center Commercial Realty Advisors is preleasing Victoria Village, an 89,740 sq.ft. center located at the intersection of Victoria Avenue and Ralston Street with an average daily traffic count of 54,000 vehicles. Opening is slated for the Summer. Tenants include 99 Cents Only, Starbucks and Wendy’s. Area demographics include a population of 185,301 within five miles earning $56,492 as the average household income. For more information, contact Reed Henkelman, Center Commercial Realty Advisors, 1823 Ventura Boulevard, Oxnard, CA 93030; 805-751-2400, Fax 805-485-1874; Email: reed@centercommercial.com; Web site: www.centercommercial.com.
Strathmore Development Co. is developing The Pointe, a mixed-use development located in East Lansing, MI. The center will be situated on a land area of 2.78 acres on a site known as the Pointe Professional Center. The development will contain one two-story 18,000 sq.ft. general office building and one neighborhood retail center of 11,000 sq.ft. Fifth-Third Bank will occupy the first floor of the office building. For more information, contact Strathmore Development Co., 314 M.A.C. Avenue, Suite 100, East Lansing, MI 48823; 517-336-4400, Fax 517-336-4499; Email: scottc@strathmoredev.com.
Stafford Properties is preleasing Tifton Village, an 18,517 sq.ft. center located at the intersection of Highway 82 and Hunt Road with an average daily traffic count of 27,000 vehicles. Opening is slated for July. Tenants include Moe’s Southwest Grill and CiCi’s Pizza. Asking rent is $16 psf. For more information, contact Mike Puckett, Stafford Properties, 80 West Wrench Road, Suite 302, Atlanta, GA 30342; 404-256-9100, Fax 404-256-6359; Web site: www.staffordprop.com.
NAI Miami is preleasing Plaza 57, a center located at the intersection of SW 73rd Street and 57th Court in Miami, FL. Opening is slated for January 2005. The center has spaces available of 1,500 sq.ft.; 2,000 sq.ft. and 7,500 sq.ft. Area demographics include a population of 301,324 within five miles earning $75,527 as the average household income. For more information, contact Robert Eckstein, NAI Miami, 9655 South Dixie Highway, Suite 200, Miami, FL 33174; 305-938-4000 Ext. 113, Fax 305-938-4002; Email: reckstein@naimiami.com; Web site: www.naimiami.com.
Livesey Co. is preleasing Discovery Springs, a proposed mixed-use project of up to one million sq.ft. located at the intersection of Beltline and University Avenue in Middleton, WI. Opening is slated for next year. The site has outparcels and endcaps available and will be situated on a land area of 100 acres. Tenants include Quaker Steak & Lube and Country Inn & Suites. For more information, contact Alex Weis, Livesey Co., 5615 Odana Road, Madison, WI 53719; 608-274-2929, Fax 608-274-7579; Email: aweis@liveseyco.com.
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