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New Construction
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New Construction MIMCO, Inc. is planning to develop ZaraPlex Marketplace, a 220,000 sq.ft. center located at 1700 Zaragosa Road, near the Montwood Boulevard intersection, in El Paso, TX. Area retail includes Wal*Mart Supercenter, Hobby Lobby and Payless. Area demographics include a population of 200,454 within five miles earning $48,552 as the average household income. The company is currently preleasing space from 2,000 sq.ft. to 80,000 sq.ft. For more information, contact Michael Pace, MIMCO, Inc., 6500 Montana Avenue, El Paso, TX 79925; 915-342-1204, Fax 915-779-6509; Web site: www.mimcoelp.com.
NAI Olympia Partners is preleasing Eagle Creek Commons, a center located at the intersection of 56th and High School Road, just off of Interstate 465 in Eagle Creek Park, IN. The center has spaces available of 1,600 sq.ft. to 15,000 sq.ft. Opening is slated for the Summer. For more information, contact Brad Denton or Andrew Hasbrook, NAI Olympia Partners, 320 North Meridian Street, Suite 700, Indianapolis, IN 46204; 317-264-9400, Fax 317-264-9406; Email: bdenton@naiolympia.com; Web site: www.naiolympia.com.
Town Center Associates and Divaris Real Estate are preleasing Phase II of The Town Center of Virginia Beach, an 832,500 sq.ft. center in Virginia Beach, VA with a mix of high-end, specialty stores offering apparel, cosmetics, hard goods, gifts, books, music, sporting goods, housewares, electronics, and personal service facilities. Also featured will be restaurants, cafes, a comedy club, performing arts center and movie theaters. Space is available in various sizes including single and two-story facilities, individualized storefronts and outdoor seating for restaurants. Current tenants include California Pizza Chicken, Coldstone Creamery, Men’s Warehouse, P.F. Chang’s China Bistro and Sumatra Salon & Day Spa. For more information, contact Kris Inderlied, The Town Center of Virginia Beach, 222 Central Park Avenue, Suite 2100, Virginia Beach, VA 23462; 757-366-4000, Fax 757-424-0863; Email: kinderlied@armadahoffler.com; Web Site: www.armadahoffler.com. Regarding retail and office leasing, contact Gerald S. Divaris or Mary D. McGovern, Divaris Real Estate, Inc., One Columbus Center, Suite 700, Virginia Beach, VA 23462; 757-497-2113, Fax 757-497-1338; Email: info@divaris.com; Web Site: www.divaris.com.
Crosland, Inc. is planning to develop The Shops at Greenridge, a 600,000 sq.ft. center located at the intersection of Interstate 85, Interstate 385 and Woodruff Road in Greenville, SC. The center will be situated on a land area of 71 acres. The center will be anchored by a 116,000 sq.ft. Lowe’s Home Improvement store and Best Buy and will be tenanted by Total Wine & More, an independent wine retailer featuring select wines from around the world. The project’s signature element will be a 103,800 sq.ft. village area in the center of the property. The village will feature specialty shops and restaurants, an outdoor plaza featuring pedestrian pathways and sitting areas. For more information, contact Garland Hughes or Elizabeth Bennett, Crosland, Inc., 125 Scaleybark Road, Charlotte, NC 28209; 704-529-1166,Fax704-523-7110;Emails: info@crosland.com, ghughes@crosland.com and ebennett@cpwadv.com; Web site: www.crosland.com.
Continental Retail Development is developing Parkway Centre, an 800,000 sq.ft. center located at the intersection of Stringtown Road and Interstate 71 North in Grove City, OH with an average daily traffic count of 120,100 vehicles. The center will be anchored by Wal*Mart Supercenter, Staples, PetsMart, T.J. Maxx, Bed Bath & Beyond, Circuit City and Home Depot. Outlot tenants include Longhorn, O’Charley’s, Dairy Queen, Steak N Shake, Tire Kingdom, Chick-fil-A and Olive Garden. Area demographics include a population of 248,247 within seven miles earning $48,757 as the average household income. For more information, contact Larry Lehring or Steve Siegel, Continental Retail Development, 150 East Broad Street, Columbus, OH 43215; 614-883-1207/1048, Fax 614-221-6365; Web site: www.continental-realestate.com.
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