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New Construction
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New Construction
Retail Real Estate is preleasing Stoughton Crossing, a 60,000 sq.ft. center located along Route 24 in Stoughton, MA. Opening is slated for July 2005. The project will be at the entrance road to the IKEA Furniture store. For more information, contact Ria K. McNamara, Retail Real Estate, PO Box 3177, Fayville, MA 01745; 508-254-7676, Fax 508-481-2449; Email: ria@retailre.com.
Stoltz Management Co. is preleasing the redevelopment of Springhouse Village Center, a 156,688 sq.ft. center located on Bethlehem Pike in Springhouse, PA. The project is slated for completion during 2006. Tenants include Clemens Supermarket, Starbucks, Cold Stone Creamery, Amazon Café, Complexions, Village Pharmacy, Great Lengths Hair Salon, Valley Green Flowers & Gifts, Beneficial Bank and Arpeggio’s Restaurant. The center has spaces available of 1,500 sq.ft. to 83,000 sq.ft. Area demographics include a population of 132,628 within three miles earning $98,485 as the average household income. For more information, contact Mark Curcio, Stoltz Management Co., 725 Conshohocken State Road, Bala Cynwyd, PA 19004; 888-777-3577 Ext. 50; Email: mcurcio@stoltzusa.com; Web site: www.stoltzusa.com.
Noddle Cos. is developing Shoppes on Dean, a center located at the intersection of South Dean Street and Englewood Avenue in Englewood, NJ. The project includes 50,000 sq.ft. of retail on two floors and an adjacent parking garage. Area demographics include a population of 148,359 within three miles earning $97,931 as the average household income. The company also is developing The Shoppes at Aksarben Village, a 56,000 sq.ft. center located at the intersection of 72nd and Pacific Street in Omaha, NE. The center will be anchored by Bed Bath & Beyond and is tenanted by Qdoba Mexican Grill, Wild Noodles and Caribou Coffee. Area demographics include a population of 118,000 within three miles. For more information, contact Susan Noddle Levine, Noddle Cos., 110 East 59th Street, New York, NY 10022; 212-909-9672, Fax 212-755-6039; Email: susie@noddlecompanies.com; Web site: www.noddlecompanies.com.
Edgewood Properties is preleasing Centennial Shopping Center located on Centennial Avenue in Piscataway, NJ. Area demographics include a population of 526,463 within seven miles earning $80,682 as the average household income. For more information, contact Edgewood Properties, 1260 Stelton Road, Piscataway, NJ 08854; 732-985-1900.
CB Richard Ellis, Inc. is preleasing Tanque Verde Place, a 14,000 sq.ft. center located at the intersection of Tanque Verde Road and Paseo Rancho Esperanza in Tucson, AZ with an average daily traffic count of 55,900 vehicles. The center is located adjacent to a 116,000 sq.ft. office development. Area demographics include a population of 243,036 within five miles earning $54,692 as the average household income. For more information, contact Nancy A. McClure, CB Richard Ellis, Inc., 3385 North Campbell Avenue, Tucson, AZ 85719; 520-323-5100, Fax 520-323-5156; Email: nancy.mcclure@cbre.com; Web site: www.cbre.com.
Koniver Stern Group is preleasing Mary Brickell Village, a 200,000 sq.ft. center located at the intersection of South Miami Avenue and 10th Street in Miami, FL. The center is situated on a land area of six acres. Opening is slated for Summer 2005. Tenants include Publix, Bally’s, P.F. Chang’s, Oceanaire and Starbucks. Area demographics include a population of 200,000 within five miles earning $60,000 as the average household income. For more information, contact Kerry Newman, Koniver Stern Group, 1665 Washington Avenue, 4th Floor, Miami Beach, FL 33139; 305-532-6100 Ext. 231, Fax 305-532-6101.
NAI Commercial-Industrial Realty Co. is preleasing a 76,000 sq.ft. development located at the intersection of Old York Road and Fishing Creek Road in Harrisburg, PA. Area demographics include a population of 13,211 within three miles earning $63,515 as the average household income. For more information, contact NAI Commercial-Industrial Realty Co., 1015 Mumma Road, 2nd Floor, Wormleysburg, PA 17043; 717-761-5070 Ext. 126, Fax 717-975-9835; Email: pgemora@naicir.com; Web site: www.naicir.com.
Benderson Development Co., Inc. is developing a 315,000 sq.ft. center located at the intersection of State Route 255 and Shaffer Road in DuBois, PA. The site has an average daily traffic count of 29,054 vehicles. Area demographics include a population of 39,177 within 10 miles earning $44,966 as the average household income. The company also is developing a center located at the intersection of State Route 222 and State Route 1040 in Ephrata, PA with an average daily traffic count of 82,000 vehicles. Area demographics include a population of 165,478 within 10 miles earning $62,759 as the average household income. For more information, contact Benderson Development Co., Inc., 570 Delaware Avenue, Buffalo, NY 14202; 716-886-0211, Fax 716-886-2269; Web site: www.benderson.com.
Gambone Development Co. is developing Minister Creek, a mixed-use center located at the intersection of Jackson Road and Route 100 in Douglas Township, PA with an average daily traffic count of 40,000 vehicles. Area retail includes Weis Markets and Zern’s Market. For more information, contact Joe Gambone, Gambone Development Co., 1030 West Germantown Pike, East Norriton, PA 19403; 610-539-4700, Fax 610-539-4701; Email: info@gambone.com.
The Vanguard Group is preleasing Wesmont Station, a center located at the intersection of Passaic Avenue and Main Street in Wood-Ridge, NJ. Phase I of the project will include 737 residential units and 125,000 sq.ft. of retail/commercial space in a “downtown” setting. Opening is slated for next year or 2006. Area demographics include a population of 268,821 within three miles earning $64,438 as the average household income. The center will be based around a new train station on the NJ Transit/Bergen Line with service to New York, NY. For more information, contact Neal Richards, Vanguard Realty, Inc., 195 Columbia Turnpike, Florham Park, NJ 07932; 973-443-9700 Ext. 15, Fax 973-966-0123; Web site: www.vanguardsite.com.
J.R. Walker, Inc. is developing Phase II of Geneva Crossings, a center situated on a land area of 8.5 acres at the intersection of Schmale Road and Geneva Road in Carol Stream, IL. For more information, contact J.R. Walker, Inc., Building A, Suite 202, 1776 South Naperville Road, Wheaton, IL 60187; 630-462-0075, Fax 630-462-5685; Email: jrw@jrwalker.com.
Acadia Realty Trust is preleasing a site located at 400 East Fordham Road in the Bronx, NY that is currently occupied by Sears. There is a potential of as much as 85,000 sq.ft. of expansion on the site. The redevelopment work will begin once Sears’ current lease expires in 2007. For more information, contact Acadia Realty Trust, 1311 Mamaroneck Avenue, Suite 260, White Plains, NY 10605; 914-288-8100, Fax 914-428-2760; Web site: www.acadiarealty.com.
James Kaplan Cos., Inc. is developing a center located at the intersection of Fullerton Avenue and Schmale Road in Carol Stream, IL with an average daily traffic count of 20,000 vehicles. Area demographics include a population of 258,684 within five miles earning $99,310 as the average household income. Area retail includes Walgreens. For more information, contact James Kaplan, James Kaplan Cos., Inc., 1939 Waukegan Road, Suite 106, Glenview, IL 60025; 847-486-8100.
Hopkins Real Estate Group is developing Talega Village Center located at the intersection of Avenida Vista Hermosa and Avenida Talega in San Clemente, CA. The center is situated on a land area of 1.32 acres and will include shaded benches, arcades, courtyards, outdoor cafes, coffee houses and small shop space. For more information, contact Hopkins Real Estate Group, 13 Corporate Plaza, Suite 200, Newport Beach, CA 92660; 949-640-1770, Fax 949-644-8631; Web site: www.hopkinsgroup.com.
The Woodmont Co. is developing Pinehurst Square, a 450,000 sq.ft. center located at the intersection of Interstate 94 and Tyler Parkway in Bismarck, ND. Area retail includes Barnes & Noble, Carmike 8, Jo-Ann Fabric & Crafts, Kmart, Menards, Office Depot, Pier 1 Imports, Sears, Staples, Target, T.J. Maxx and Wal*Mart. Demographics include a population of 81,587 within a 20-minute drive earning $43,822 as the average household income. The company also is developing Highland Station, a 12,000 sq.ft. center located at the intersection of Grand Central and Highway 156 in Saginaw, MI. Opening is slated for February 2005. For more information, contact The Woodmont Co., 2100 West 7th Street, Fort Worth, TX 76107-2306; 817-732-4000.
Continental Retail Development is developing The Streets of Chester, a 105,000 sq.ft. lifestyle center located at the intersection of Route 206 and Old Gladstone in Chester, NJ. Opening is slated for Fall 2005. Tenants will include specialty retailers and restaurants. For more information, contact Jeff Ziegler, Continental Retail Development, 150 East Broad Street, Suite 800, Columbus, OH 43215; 614-883-1050, Fax 614-221-6365; Web site: www.continental-realty.com.
Crossman & Co. is preleasing Gateway Pointe, a 10,000 sq.ft. center located on State Route 434, north of Maitland Boulevard, in Orlando, FL. The site has an average daily traffic count of 36,500 vehicles. Opening is slated for May 2005. Area demographics include a population of 41,349 within three miles earning $58,129 as the average household income. The company also is preleasing Avalon Waterford Retail, a 10,800 sq.ft. center located at the intersection of Avalon Park Boulevard and Waterford Chase Parkway in Orlando, FL. Opening is slated for Spring 2005. The center is anchored by Walgreens. For more information, contact Jake Schrimsher, Crossman & Co., 2464 East Michigan, Orlando, FL 32806; 407-423-5400; Email: jschrimsher@crossman.com.
Coldwell Banker is preleasing the redevelopment of Shrewsbury Shopping Center located at the intersection of Interstate 83 and Route 851 in Shrewsbury, PA. The center has large and junior box space available. Area demographics include a population of 81,281 within 10 miles earning $62,233 as the average household income. For more information, contact Chad Stine or Bobby Traynham, Coldwell Banker, 110 North George Street, York, PA 17401; 717-843-5555, Fax 717-843-5550.
Breslin Realty Development Corp. is developing the following sites throughout NY: an 850,000 sq.ft. center located in Brookhaven; a 277,000 sq.ft. center situated on a land area of 25 acres on Route 110 in Farmingdale. Area retail includes Home Depot, Stew Leonard’s and Costco; a 250,000 sq.ft. center located in Center Moriches; a 163,000 sq.ft. center located on Middle Country Road in Selden. Area retail includes Wal*Mart, Home Depot, Marshalls, T.J. Maxx, Waldbaums, A.C. Moore, Bob’s Stores, Payless ShoeSource, Staples and Old Navy; a 112,000 sq.ft. center in East Northport. Area retail includes Sears, Best Buy and Stop & Shop Supermarket; and an 85,000 sq.ft. center located in Dix Hills. For more information, contact Bob Delavale, Breslin Realty Development Corp., 500 Old Country Road, Garden City, NY 11530; 516-741-7400 Ext. 230, Fax 516-741-7128.
Sandor Development is developing Greenville Commons, a 52,000 sq.ft. center located at the intersection of Interstate 30 and Highway 34 in Greenville, TX with an average daily traffic count of 36,000 vehicles. Opening is slated for Fall 2005. The center is anchored by Home Depot. Area retail includes Wal*Mart Supercenter, Dollar Tree and Crossroads Mall. Area demographics include a population of 27,285 within five miles earning $48,417 as the average household income. For more information, contact Joshua Simon, Sandor Development, 7201 East Camelback Road, Suite 315, Scottsdale, AZ 85251; 480-949-9011, Fax 480-949-9020.
Nassimi Realty Corp. is preleasing a 300,000 sq.ft. center located on Parkway Avenue in Ewing Township, NJ. The center will be situated on a land area of 29 acres. Opening is slated for 2006 or 2007. Area demographics include a population of 177,766 within five miles earning $74,332 as the average household income. Area retail includes Home Depot. For more information, contact Warren Shein, Nassimi Realty Corp., 370 Seventh Avenue, Suite 1700, New York, NY 10001; 212-643-8080, Fax 212-643-2626; Email: warren@nassimirealty.com; Web site: www.nassimirealty.com.
Pine Tree Commercial Realty is planning to develop East Lloyd Commons, a center located at the intersection of Lloyd Expressway and Burkhardt Road in Evansville, IN. Opening is slated for late Summer. The building, which was formerly occupied by Kmart, will be completely gutted then renovated for four anchors, each ranging in size from 25,000 sq.ft. to 65,000 sq.ft. Pine Tree will also oversee the addition of 22,000 sq.ft. on the building’s east side for smaller boutique shops, with spaces ranging from 1,000 sq.ft. to 5,000 sq.ft. For more information, contact Pine Tree Commercial Realty, 51 Sherwood Terrace, Suite C, Lake Bluff, IL 60044; 847-735-0600, Fax 847-735-0664; Web site: www.pinetreecommercial.com.
LMS Commercial Real Estate is preleasing a center located at the intersection of Route 74 and Fairview in Carlisle, PA with an average daily traffic count of 73,000 vehicles. Opening is slated for next year. The center will include a 125,000 sq.ft. anchor and an 85,000 sq.ft. anchor, as well as small shop space of 64,000 sq.ft. and six pad sites ranging from 1.01 acres to 1.44 acres. Area demographics include a population of 46,319 within five miles earning $60,929 as the average household income. For more information, contact LMS Commercial Real Estate, 120 North Pointe Boulevard, Suite 301, Lancaster, PA 17601; 717-569-9373, Fax 717-560-9909; Web site: www.lms-pma.com.
IBT Group, LLC is preleasing Metro Center Two Ninety, a 266,000 sq.ft. center located at the intersection of Van Buren and Aberdeen in Chicago, IL with an average daily traffic count of 200,000 vehicles. The center is situated on a land area of 3.99 acres. Opening is slated for Spring 2007. Area demographics include a population of 399,534 within five miles earning $46,420 as the average household income. Area retail includes Target, Nordstrom and Home Depot. For more information, contact Josh Busby, IBT Group, LLC, 850 West Jackson, Suite 701, Chicago, IL 60607; 312-421-3330, Fax 312-421-3331; Email: jbusby@ibtgroupllc.com; Web site: www.ibtgroupllc.com.
Plise Cos., LLC is developing Rainbow Sunset Pavilion, a 446,500 sq.ft. center located on South Rainbow Boulevard, a half mile north of Interstate 215 at Sunset Road in Las Vegas, NV. The project will include 350,000 sq.ft. of office space and 96,500 sq.ft. of retail space. Area demographics include a population of 163,448 within five miles earning $63,991 as the average household income. For more information, contact Plise Cos., 5495 South Rainbow Boulevard, Suite 202, Las Vegas, NV 89118; 702-871-4065, Fax 702-871-0333; Email: info@plise.com; Web site: www.plise.com.
Coldwell Banker Commercial Mountain West Real Estate, LLC is preleasing an 11,584 sq.ft. center located at the intersection of Center and Auburn in Salem, OR with an average daily traffic count of 34,000 vehicles. Opening is slated for June 2005. Area demographics include a population of 241,544 within 10 miles earning $54,826 as the average household income. Area retail includes Lancaster Mall, Evergreen Plaza, Target and Party Depot. For more information, contact Jennifer Martin, Coldwell Banker Commercial Mountain West Real Estate, LLC, 698 12th Street, Suite 100, Salem, OR 97301; 503-587-4768, Fax 503-588-3514.
Paramount Realty Services is preleasing The Crossing at Old Bridge, a 125,000 sq.ft. mixed-use center located at the intersection of Highway 516 and Cottrell Road in Old Bridge, NJ. The center will include 100,000 sq.ft. of retail space, 25,000 sq.ft. of office space and 250 residential units. Area retail includes Home Depot, Wal*Mart, Lowe’s Home Improvement, Marshall’s, Kmart, Pathmark and A&P. Area demographics include a population of 606,000 within 10 miles earning $82,000 as the average household income. For more information, contact Maruice Zekaria, Paramount Realty Services, Inc., 1195 Route 70, Suite 2000, Lakewood, NJ 08701; 732-886-1500 Ext. 102, Fax 732-886-1690.
First Commercial Realty & Development is developing Wood Haven Commons, a 310,000 sq.ft. center located at the intersection of Allen and West Road in Brownstown, MI. Opening is slated for Spring 2005. The center will be anchored by Kroger, Target, OfficeMax, Home Store and Bally’s. Area demographics include a population of 132,188 within five miles earning $62,795 as the average household income. The company also is developing Shops at Northeast Village, a 113,380 sq.ft. center located at the intersection of 7 Mile and Gratiot in Detroit, MI. Opening is slated for Spring 2005. Tenants include Kroger, Dots and Fashion Cents. Area demographics include a population of 482,173 within five miles earning $53,000 as the average household income. For more information, contact Deb Munro, First Commercial Realty & Development, 29500 Telegraph Road, Southfield, MI 48034; 248-352-5000, Fax 248-352-2144.
Mid-Northern Equities, Ltd. is preleasing pad sites located at the intersection of Randall and Ackman in Crystal Lake, IL with an average daily traffic count of 27,600 vehicles. There are ground leases or build-to-suit deals available. For more information, contact Mid-Northern Equities, Ltd., 3100 Dundee Road, Suite 304, Northbrook, IL 60062; 847-559-8882.
Michael A. Pollack Real Estate Investments is preleasing a 4,880 sq.ft. freestanding building located at the intersection of Arizona Avenue and Elliot Road in Chandler, AZ with an average daily traffic count of 62,000 vehicles. Area demographics include a population of 434,862 within five miles. For more information, contact Michael Pollack or Patrick Cassidy, Michael A. Pollack Real Estate Investments, 1136 West Baseline Road, Mesa, AZ 85210; 480-888-0888.
Developers Diversified Realty is developing Phase III of Nassau Park Pavilion, a 1.2 million sq.ft. center located at the intersection of U.S. Route 1 and Quaker Bridge Road in Princeton, NJ. The center is currently anchored by Wal*Mart, Sam’s Club, Wegmans, Target, Home Depot, Kohl’s, Dick’s Sporting Goods, Babies “R” Us, Best Buy, Linens ‘n Things, Michaels, Borders and PetsMart. Phase III will include 40,800 sq.ft. of small shop space and is slated for completion during Fall 2005. Area demographics include a population of 117,707 within five miles earning $119,046 as the average household income. The company also is developing Freehold Marketplace, a 500,000 sq.ft. center located at the intersection of State Highway 33 and Route 537 in Freehold, NJ. Opening is slated for next year. Anchors will include a 216,204 sq.ft. Wal*Mart and a 153,000 sq.ft. Sam’s Club. Area demographics include a population of 279,885 within 10 miles earning $99,372 as the average household income. For more information, contact Developers Diversified Realty, 3300 Enterprise Parkway, Beachwood, OH 44122; 216-755-5500, Fax 216-755-1500; Web site: www.ddr.com.
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