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New Construction
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New Construction Poinsett Real Estate is developing the following centers: Main Street Shoppes, a 35,000 sq.ft. center in Spartanburg, SC. The center is anchored by Walgreens and is tenanted by Atlanta Bread and Party Store & More. Completion is slated for August; Pelham Plaza, an 8,000 sq.ft. development in Greenville, SC. The center is tenanted by Hollywood Video and Firehouse Subs; Union Station, a 7,000 sq.ft. center in Union, SC anchored by Movie Gallery. Completion is slated for June; and a 25,000 sq.ft. mixed-use development in Greenville, SC. Completion is slated for December. For more information, contact Poinsett Realty Fund, LLC, PO Box 26861, Greenville, SC 29616; 804-627-0707 Ext. 137, Fax 804-627-0055.
The Wilder Cos. is preleasing The Crossing at Walkers Brook, a 400,000 sq.ft. center located in Reading, MA. Opening is slated for May 2005. Anchors include The Home Depot and Jordan’s Furniture. Area demographics include a population of 183,000 within five miles earning $88,000 as the average household income. For more information, contact Andrew LaGrega, The Wilder Cos., 300 Massachusetts Avenue, Boston, MA 02135; 617-247-9200, Fax 617-247-4044; Email: alagrega@wilderco.com; Web site: www.wilderco.com.
Barclay Group is preleasing Village Shoppes at Simonton, a 66,000 sq.ft. center located in Lawrenceville, GA. The center is anchored by Publix and has outlots available of 0.92 acres and 0.61 acres. Cotenants include Subway, Pizza Hut, Pak Mail, Supercuts and a cleaners. The company also is preleasing Smyrna Crossings, a 69,000 sq.ft. center located at the intersection of State Route 212 and State Route 138 in Conyers, GA. For more information, contact Matt Fuller, Barclay Group, 1123 Overcash Drive, Dunedin, FL 34698; 727-733-7585, Fax 727-733-9510; Email: mfuller@barclaygroupeast.net; Web site: www.barclaygroup.net
Universal Properties Group is preleasing Dartmouth Commons, a 225,000 sq.ft. center located at the intersection of Route 6 and Cross Road in Dartmouth, MA with an average daily traffic count of 25,000 vehicles. The center has spaces available of 25,000 sq.ft. to 50,000 sq.ft., as well as outlots of 2,500 sq.ft. and 6,000 sq.ft. Anchors include Target and Dick’s Sporting Goods. Asking rent is $16 psf with CAM and taxes of $2 psf NNN. Area demographics include a population of 110,000 within five miles earning $43,000 as the average household income. For more information, contact Robert Rapoza, Universal Properties Group, 207 Quaker Lane, Warwick, RI 02193; 401-823-0744, Fax 401-823-5091; Email: brapoza@universalpropertiesgrp.com.
DiMucci Cos. is developing Sportsmans Plaza, a one million sq.ft. center located at the intersection of 33rd Boulevard and Cicero in Cicero, IL with an average daily traffic count of 70,000 vehicles. Opening is slated for the Fall. For more information, contact W. Thomas Niemira, DiMucci Cos., 285 West Dundee Road, Palatine, IL 60074; 847-991-4400, Fax 847-991-4400.
Churchill & Banks Co., LLC is preleasing Cottage Plaza, a 76,400 sq.ft. center located at the intersection of Cottage and Woodbine in Pawtucket, RI. Opening is slated for November. The center has spaces available of 1,600 sq.ft.; 2,300 sq.ft. and an outlot of 3,600 sq.ft. and is anchored by Super Stop & Shop. Cotenants include Hollywood Video and Sally Beauty Supply. Asking rent is $25 psf NNN. For more information, contact Richard Baccari, Churchill & Banks Co., LLC, 10 Guere Street, Providence, RI 02903; 401-273-8010, Fax 401-521-1539; Web site: www.churchillandbanks.com.
CB Richard Ellis is preleasing Montview Commons, a 25,660 sq.ft. center located at the intersection of Wards Road and Route 460 in Lynchburg, VA. Opening is slated for October or November. Area retail includes Wal*Mart Supercenter, Sam’s Club, Target, Dick’s Sporting Goods, PetsMart, Barnes & Noble, Best Buy, Pier 1 Imports, Michael’s, Bed Bath & Beyond, Sears, Hecht’s, JCPenney and OfficeMax. For more information, contact Robby Brownfield, CB Richard Ellis, 7501 Boulders View Drive, Suite 600, Richmond, VA 23225; 804-267-7227, Fax 804-320-3752.
Wluka Commercial Real Estate is preleasing a center located at the intersection of Route 1A and Main Street in Walpole, MA. The 70,000 sq.ft. center has spaces available of 2,400 sq.ft. and 8,800 sq.ft. and is tenanted by Dunkin’ Donuts, Rocky’s Ace Hardware, a video store, Italian restaurant and a Chinese restaurant. The company also is preleasing Plainview Commons, a 750,000 sq.ft. center located at the intersection of Interstate 495 and Route 1 North in Plainville, MA. The center is anchored by Target, Stop & Shop and T.J. Maxx & More. The company also is preleasing Stop & Shop Center located on Route 138 in Stoughton, MA. Tenants include Stop & Shop, Fantastic Sam’s, Fleet Bank and Milano’s Nail Salon. The company also is preleasing a center located at 36 Jane Street in Medfield, MA. The center has spaces available of 1,000 sq.ft. and 2,400 sq.ft. For more information, contact Nancy Wluka, Wluka Commercial Real Estate, 2 Chestnut Square, PO Box 02067, Sharon, MA 02067; 781-784-5125, Fax 781-784-1960.
KARF, LLC is leasing Summit Galleria located in Clarks Summit, PA. The site consists of a land area of three acres and has 43,560 sq.ft. available for a ground lease. Tenants include Waffle House, Community Bank and Vince The Pizza Prince. Area demographics include a population within five miles earning $52,000 as the average household income. For more information, contact Richard Feibus, KARF, LLC, 1000 Greenbriar Drive, Clarks Summit, PA 18411; 570-688-6165, Fax 570-586-8297.
Trademark Property Co. is preleasing Gateway Station, a 355,000 sq.ft. center located at the intersection of Interstate 35 and McAlister in Burleson/Fort Worth, TX. Opening is slated for Spring 2005. Anchors include Kohl’s, Ross, Linens ‘n Things, Staples, Michaels, PetsMart and Borders. Cotenants include Famous Footwear, Pier 1 Imports, Logan’s Roadhouse, Dress Barn, Olive Garden, Red Lobster, Applebee’s, Chick-fil-A, Cotton Patch, Bombay, Mattress Giant, Catherine’s, Vision City, Zales, H&R Block, AT&T, Ziggy’s, Mothers Work, Cold Stone Creamery, Mail Boxes Etc., Subway, EB Games, Luxury Nails, Smoothie King, Style America, Claire’s and Hi Tech Sales. Area demographics include a population of 61,731 within five miles earning $55,335 as the average household income. Asking rent is $21 psf with CAM of $1.50 psf and taxes of $2.50 psf. For more information, contact Fremon Baker, Trademark Property Co., 301 Commerce, Suite 3635, Fort Worth, TX 76102; 817-810-5323, Fax 817-810-5399; Email: fbaker@trademarkdealmakers.net; Web site: www.trademarkdealmakers.net.
Saul Centers, Inc. is preleasing The Shops at Monocacy, a 105,000 sq.ft. center located at the intersection of State Route 26 and Monocacy Boulevard in Frederick, MD. Opening is slated for October. The center is anchored by Giant Food. Area demographics include a population of 94,000 within 10 miles earning $58,241 as the average household income. Area retail includes Wal*Mart. For more information, contact Alan Gersh, Saul Centers, Inc., 7501 Wisconsin Avenue, Suite 1500, Bethesda, MD 20814-6522; 301-986-6262, Fax 301-986-6217; Web site: www.savlcenters.com.
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