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New Construction
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New Construction Jeffrey R. Anderson Real Estate, Inc. is preleasing Algonquin Commons, a 400,000 sq.ft. center located on Randall Road in Algonquin, IL. Area demographics include a population of 302,277 within 10 miles earning $85,676 as the average household income. For more information, contact Mark Fallon or Jennifer Yacks, Jeffrey R. Anderson Real Estate, Inc., 3805 Edwards Road, Suite 700, Cincinnati, OH 45209; 513-241-5800, Fax 513-241-2637; Email: jyacks@anderson-realestate.com; Web site: www.anderson-realestate.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. Market rents range from $26 psf to $40 psf with CAM of $6.50 psf. 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.
KARF, LLC is developing Summit Galleria, a center located in Clarks Summit, PA. The center is situated on a land area of three acres and has space available of 43,560 sq.ft. Area demographics include a population within five miles earning $52,000 as the average household income. Area retail includes Blockbuster Video, McDonald’s, Krispy Kreme, Bennigan’s and Talbots. For more information, contact Richard Feibus, KARF, LLC, 1000 Greenbriar Drive, Clarks Summit, PA 19411; 570-688-6185, Fax 570-586-8297.
O&S Holdings, LLC is preleasing Foothill Crossing, a 315,000 sq.ft. center located at the intersection of Interstate 15 and Foothill Boulevard in Rancho Cucamonga, CA. The center is anchored by a 180,000 sq.ft. Sears Grand. Area demographics include a population of 193,000 within five miles earning $65,600 as the average household income. The center has spaces available of 2,500 sq.ft. to 40,000 sq.ft. Opening is slated for the Fall. For more information, contact Austin Bettar Jr., O&S Holdings, LLC, 11611 San Vincente Boulevard, Suite 500, Los Angeles, CA 90049; 310-207-8600 Ext. 115, Fax 310-207-2288.
Consolidated Affiliates is preleasing Cheesequake Commons, a 40,000 sq.ft. center located at the intersection of Cliffwood Avenue and Morristown Road in Old Bridge, NJ. The center is anchored by CVS and is tenanted by Subway, Fantastic Sam’s and a jewelry store. The center has spaces available from 1,600 sq.ft. to 5,000 sq.ft. For more information, contact Consolidated Affiliates, LLC, 25 South Main Street, Suite 11, Edison, NJ 08837; 866-836-6133, Fax 732-767-9585; Web site: www.consolidatedaffiliates.com.
Esler Commercial Ltd. is preleasing Fox River Square, a center located at the intersection of McCarthy and Michaels Drive in Appleton, WI. The center is situated on a land area of 19 acres and has spaces available of 12,000 sq.ft. and 200,000 sq.ft., as well as outlots of 14,000 sq.ft. and 28,000 sq.ft. Area retail includes Wal*Mart, Menards, Fox River Mall and Barnes & Noble. For more information, contact Ted Thomsen, Esler Commercial Ltd., 5560 West Grande Market Drive, Appleton, WI 54956; 920-731-3800, Fax 920-731-3817; Email: tthomsen@eslercommercial.com; Web site: www.eslercommercial.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. The center will have outlots available of 1,000 sq.ft. to 10,000 sq.ft. The site has 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 847-991-9728; Web site: www.dimucci.com.
The Wilder Cos. is developing The Crossing at Walkers Brook, a 400,000 sq.ft. center located in Reading, MA. The center is anchored by Home Depot and Jordan’s Furniture and has space available of 10,000 sq.ft. Area demographics include a population of 183,000 within five miles earning $88,000 as the average household income. For more information, contact Andrew La Grega, The Wilder Cos., 300 Massachusetts Avenue, Boston, MA 02155; 617-247-9200, Fax 617-247-4044; Email: alagrega@wilderco.com; Web site: www.wilderco.com.
NAI/Welsh Cos. is preleasing Cedar Lake Commons, a 45,000 sq.ft. center located at the intersection of Cedar Avenue and Lake Street in Minneapolis, MN with an average daily traffic count of 35,000 vehicles. The center has spaces available of 1,225 sq.ft.; 2,400 sq.ft. and 15,000 sq.ft. Opening is slated for Spring 2005. Area demographics include a population of 455,605 within five miles earning $68,795 as the average household income. Asking rents range from $17 psf to $24 psf with CAM of $2.50 psf and taxes of $2.50 psf. For more information, contact Nick Reynolds, NAI/Welsh Cos., 7807 Creekridge Circle, Minneapolis, MN 55439; 952-897-7885, Fax 952-842-7685; Email: nreynolds@welshco.com; Web site: www.welshco.com.
Prudential Commercial Real Estate is preleasing Antioch Pavilion, a 185,000 sq.ft. center located at the intersection of Lone Tree Way and Blue Rock Road in Antioch, CA. The center is situated on a land area of 17.92 acres. Opening is slated for Spring 2005. Area demographics include a population of 124,955 within five miles earning $73,594 as the average household income. The site has an average daily traffic count of 30,233 vehicles. Area retail includes Regal Cinemas, Albertsons, Hollywood Video and Starbucks. Market rent is $12 psf with CAM of $0.38 psf. For more information, contact Brian Heron, Prudential Commercial Real Estate, 1101 Sullivan Avenue, Modesto, CA 95350; 209-529-9610 Ext. 109, Fax 209-521-4289; Email: bheron@prucommercial.com.
Royal Properties, Inc. is preleasing ShopRite Shopping Center located at the intersection of Commerce Road and Route 1 in Stamford, CT. Opening is slated for January 2005. The center is anchored by a 75,000 sq.ft. ShopRite and has spaces available of 1,500 sq.ft. to 15,000 sq.ft. Area retail includes Ethan Allen. Rent is $42 psf with CAM and taxes of $5 psf. Area demographics include a population of 167,340 within five miles earning $120,080 as the average household income. For more information, contact Jeff Kintzer, Royal Properties, Inc., 850 Bronx River Road, Bronxville, NY 10708; 914-237-3403, Fax 914-237-0196; Web site: www.royalpropertiesinc.com.
Universal Properties Group is preleasing Dartmouth Commons, a 225,000 sq.ft. center located at the intersection of Route 6 and Cross Road with an average daily traffic count of 25,000 vehicles. The center is anchored by Target and Dick’s Sporting Goods and has spaces available of 25,000 sq.ft. to 50,000 sq.ft. Area retail includes North Dartmouth Mall and Dartmouth Towne Centre. Asking rent is $16 psf with CAM of $1 psf and taxes of $1 psf. For more information, contact Robert Rapoza, Universal Properties Group, 207 Quaker Lane, Warwick, RI 02893; 401-823-0741, Fax 401-823-5091.
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