|
New Construction
|
|
|
New Construction Colliers L&A is preleasing Shops of Yorktown, a center located on Old York Road in Elkins Park, PA. The site has an average daily traffic count of 43,500 vehicles. Area demographics include a population of 620,320 within five miles earning $62,628 as the average household income. Area retail includes Raymour & Flanigan, Trader Joe’s, Old Navy, Acme, Walgreens, Bed Bath & Beyond and Whole Foods. For more information, contact Richard L. Soloff, Colliers L&A, 399 Market Street, Philadelphia, PA 19106; 215-928-7527, Fax 215-925-1040; Email: richard.soloff@colliers.com; Web site: www.colliers.com.
Grubb & Ellis Co. is preleasing Fulton Place, a 6,067 sq.ft. center located at the intersection of Fulton and Union in Chicago, IL. Opening is slated for Spring or Summer next year. The center has spaces available of 623 sq.ft. and 5,444 sq.ft. Asking rent is $28 psf NNN. Area demographics include a population of 35,547 within one mile earning $91,424 as the average household income. For more information, contact Kevin Marschall, Grubb & Ellis Co., 225 West Wacker Drive, Suite 2300, Chicago, IL 60606; 312-224-3173, Fax 312-899-1898; Email: kevin.marschall@grubb-ellis.com.
Stiles Corp. is developing Lakeside Town Shops, a 275,000 sq.ft. center located at the intersection of Stirling Road and University Drive in Davie, FL. The center will be anchored by a 185,000 sq.ft. Target Superstore, which will include a full-service supermarket. In addition, the center will include 68,875 sq.ft. of inline space and 4.85 acres allocated for five outparcel users. Opening is slated for Fall 2005. For more information, contact Nancy Brusher, Stiles Corp., 300 SE 2nd Street, Fort Lauderdale, FL 33301-1907; 954-627-9300, Fax 954-627-9288; Email: nancyb@stiles.com; Web site: www.stiles.com.
Birtcher Development, LLC is developing AmberGlen Marketplace, a two-building retail complex located at AmberGlen Business Center at the intersection of Cornell Road and Amberbrook Drive in Beaverton, OR. The center will be tenanted by Quizno’s Sub, Tan Rio, Activate Cellular and AmberGlen Nail Salon. The center is currently 60% leased. Completion is slated for the first quarter of 2005. For more information, contact Birtcher Development, 27611 La Paz Road, Laguna Niguel, CA 92677; 949-643-7450.
Glimcher Realty Trust is redeveloping Fairfield Commons in Beavercreek, OH and Dayton Mall in Dayton, OH to include lifestyle elements. At Fairfield Commons, Glimcher plans to add about 50,000 sq.ft. of space in the form of a new row of open-air shops erected against one of the center’s wall. At the Dayton Mall, the addition will be more of a “village setting,” which will include approximately 100,000 sq.ft. of freestanding space clustered together in what’s now surface parking for the mall. The additions are expected to be complete in late 2005 or early 2006. For more information, contact Glimcher Realty Trust, 150 East Gay Street, Columbus OH 43215; 614-621-9000, Fax 614-621-9321; Web site: www.glimcher.com.
The Katsias Co. is preleasing Airline Center, a 113,830 sq.ft. center located in Portsmouth, VA. Area demographics include a population of 61,468 within three miles earning $52,448 as the average household income. For more information, contact The Katsias Co., PO Box 922, Virginia Beach, VA 23451; 757-490-3585, Fax 757-490-3676.
Sherman and Hemstreet, LLC and D.C. Lawrence Commercial Real Estate, LLC are preleasing Marshall Square Evans Town Center, a 55-acre master-planned lifestyle center located in Evans, GA. The center will include residential space and 500,000 sq.ft. of neighborhood retail, restaurant, office space and hotel/conference facilities. For more information, contact Sherman and Hemstreet, LLC, Augusta Riverfront Center, One 10th Street, Suite 580, Augusta, GA 30901; 706-722-8334, Fax 706-722-7289; Web site: www.shermanandhemstreet.com. For further information, contact Don Lawrence, D.C. Lawrence Commercial Real Estate, LLC; 706-863-3720; Email: dlawrence@marshallsquareaugusta.com.
Bellerive Development Co. is developing Brannon Crossing Centre located on Highway U.S. 27 in Lexington, KY. Phase I will include over 800,000 sq.ft. of retail, office and mixed-use space. Tenants will include PetsMart, Cost Plus, Marshall’s, Goody’s, Oak Factory, Kroger, Wendy’s, Bob Evans, Farmers Bank, Traxx Oil, Gold Star, Hollywood Video and Panera Bread. In addition, there will be 225,000 sq.ft. of office space. Area demographics include a population of 258,763 within a 15-minute drive time earning $65,025 as the average household income. For more information, contact Tracy Dowd Ryan, Bellerive Development Co., Bellerive Office Park, 400 Bellerive Boulevard, Suite 200, Nicholasville, KY 40356; 859-514-3100, Fax 859-514-3131; Email: tryan@bellerivepark.com.
Retail Realty Group, Inc. is developing The Shoppes at Hawk Ridge, a 750,000 sq.ft. center located at the intersection of U.S. 40 and Highway N in Lake St. Louis, MO. The center will be situated on a land area of 102 acres. The first phase will include a Wal*Mart. For more information, contact Retail Realty Group, Inc., 10014 North Dale Mabry Highway, Suite 101, Tampa, FL 33618; 813-960-8244, Fax 813-264-2775; Email: Tampa@RetailRealtyGroup.com.
The Woodmont Co. is developing a 230,000 sq.ft. center located in Rockwall, TX. The center is situated on a land area of 26 acres south of Interstate 30 at Mims, between Ridge Road and FM 205. Approximately 120,000 sq.ft. of space has been leased to five major tenants, including Bed Bath & Beyond, Circuit City, Dollar Tree, PetsMart and T.J. Maxx. The balance of the space will be occupied by mini-anchors and small-shop tenants. For more information, contact The Woodmont Co., 2100 West 7th Street, Fort Worth, TX 76107-2306; 817-732-4000, Fax 817-735-4738; Web site: www.woodmont.com.
Charter Realty & Development Corp. and WP Realty are redeveloping Delco Market Place, a 400,000 sq.ft. center located at the intersection of Route 74 and Route 30 in York, PA. The center will be anchored by a 116,000 sq.ft. Lowe’s Home Improvement and a 78,419 sq.ft. Giant Supermarket. Cotenants will include a 30,000 sq.ft. Ross, a 20,291 sq.ft. OfficeMax, a 33,000 sq.ft. T.J. Maxx and Dress Barn, Famous Footwear, Panera Bread, Hollywood Video, Chili’s, Giant Gas, Wendy’s, Citizens Bank and Bob Evans. Several small shop spaces are still available. Completion is slated for late next year. For more information, contact Dan Zelson, Charter Realty & Development Corp., 411 West Putnam Avenue, Suite 111, Greenwich, CT 06830; 203-629-3939, Fax 203-629-3933; Web site: www.chartweb.com.
East West Partners and Graham Associates are planning to develop 57 acres set aside for a mix of retail, office and residential units at Powell Place, a 148-acre project located at the intersection of U.S. 64 Bypass and N.C. 15/501 in Chatham County, NC. At Powell Place, the companies will have enough land to build 285,000 sq.ft. of retail, 100,000 sq.ft. of office space and 60 residential units. The center is expected to be anchored by a supermarket. Opening is slated for 2006. For more information, contact East West Partners, 190 Finley Golf Course Road, Chapel Hill, NC 27517; 919-929-0660, Fax 919-967-0959. |