|
New Construction
|
|
|
New Construction Donahue Schriber is planning to develop The Shoppes at Highlands Village, an 87,654 sq.ft. center located at the intersection of Brown and Ellsworth in Mesa, AZ. Opening is slated for Spring 2005. The center will be anchored by a 54,427 sq.ft. Bashas’ Supermarket and will be tenanted by Bank One, Rosati’s Pizza, Fantastic Sam’s and Subway. Overall, the center will include three specialty retail buildings and a 5,000 sq.ft. pad location. For more information, contact Donahue Schriber, 200 East Baker Street, Suite 100, Costa Mesa, CA 02626; 714-545-1400, Fax 714-545-4222; Web site: www.donahueschriber.com.
Thomas J. Klutznick Co. is planning to develop Sherman Plaza condominium and retail project in Sherman, IL. The company currently has over 165,000 sq.ft. leased. The center will have roughly 250,000 sq.ft. of retail and commercial space, including a 30,000 sq.ft. Barnes & Noble on two floors as one of the two anchor stores. A health club will take up another 90,000 sq.ft. The company first has to tear down the city garage on Sherman Avenue before construction starts. For more information, contact Thomas J. Klutznick Co., 900 North Michigan Avenue, Suite 2050, Chicago, IL 60611; 312-280-1906, Fax 312-944-5987; Web site: www.tjkcompany.com.
Crosland, Inc. is planning to develop Blakeney, a 515,000 sq.ft. center located at the intersection of Rea Road and Ardrey Kell Road in Charlotte, NC. The center is situated on a land area of 52.2 acres and has space available of 77,500 sq.ft., as well as nine outparcels. Opening is slated for Fall 2005. The center is anchored by Harris Teeter. For more information, contact Susan Purser, Crosland, Inc., 227 West Trade Street, Suite 800, Charlotte, NC 28202; 704-561-5200, Fax 704-523-2946; Email: spurser@crosland.com; Web site: www.crosland.com.
TRI Commercial Real Estate Services, Inc. is developing Blue Oaks Marketplace, an upscale lifestyle center located in Rocklin, CA. The center will be tenanted by Kinko’s and Omni Fitness Equipment, along with a number of quick-service retailers. The company also signed a lease with The Putting Edge, a 10,000 sq.ft. high-tech illuminated golf course. Area retail includes Target Greatland, Century Theaters, Kohl’s and Circuit City. A 350-unit apartment complex was recently completed across the street and 125-acre business park has begun construction a half mile away. Blue Oaks Marketplace is currently 40% leased. For more information, contact Keith Wardhaugh, TRI Commercial Real Estate Services, Inc., 2250 Douglas Boulevard, Suite 200, Roseville, CA 95661; 916-677-8000, Fax 916-677-8199.
Pine Tree Commercial Realty is planning to develop an additional 70,000 sq.ft. of space to Sunnybrook Plaza, a center located at the intersection of U.S. Highway 20 and Sunnybrook Drive in Sioux City, IA. The company is planning to start construction of the addition during the late Summer, with the grand opening planned for Spring 2005. The addition will include numerous national soft line and specialty retail chains. The center is currently anchored by a 125,000 sq.ft. Target Greatland and a 115,000 sq.ft. Lowe’s Home Improvement Warehouse. For more information, contact Tim Roe, 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.
Suburban Plaza Associates is preleasing Suburban Plaza, a 20,000 sq.ft. center located at the intersection of Route 36 and Conover Place in Long Branch, NJ. Opening is slated for July. The center is anchored by Quizno’s Subs and Dunkin’ Donuts and is tenanted by Welsh Farms, a dollar store and a Chinese restaurant. Asking rent is $20 psf. For more information, contact Sammy Botton, Suburban Plaza Associates, 492 Route 36, Long Branch, NJ 07740; 917-804-4234, Fax 212-630-0504; Email: sbotton@kidstownusa.com.
Casto is developing Northridge Crossing, a 98,000 sq.ft. center with six retail outparcels located at the intersection of State Route 3/State Street and Maxtown Road/Polaris Parkway in Westerville, OH. In addition, the company is developing an 80,000 sq.ft. Giant Eagle Supermarket and fuel location that will open adjacent to the center this Spring. Cotenants include Walgreens, Chipotle Mexican Grill, Max & Erma’s Restaurant, Panera Bread, Pet Supplies Plus, First Choice Hair Cutters, The UPS Store, CiCi’s Pizza and Kenneth’s Hair & Day Spa. Area retail includes Meijer, The Home Depot and Kroger. For more information, contact Diane Zibell or John Mokas, Casto, 191 West Nationwide Boulevard, Suite 3200; 614-228-5331 or 614-744-2005.
Antonoff & Co. Brokerage, Inc. is preleasing Village at Conifer-Aspen Park, a 180,000 sq.ft. center located at the intersection of Highway 285 and Eagle Cliff in Conifer, CO. The center is situated on a land area of 30 acres and is slated to open during Spring 2005. Anchors include King Soopers, First Bank, Wendy’s and Hollywood Video. Asking rent is $26.50 psf with CAM of $5.50 psf. For more information, contact Richard Hobbs, Antonoff & Co. Brokerage, Inc., 1528 Wazee Street, Denver, CO 80202; 303-623-0200, Fax 303-454-5400; Email: rhobbs@antonoff.com; Web site: www.antonoff.com.
Real Property Specialists, Inc. is preleasing Coconut Creek, a 16,000 sq.ft. center located at the intersection of U.S. Highway 441 and Wiles Road in Coconut Creek, FL. Anchors include Wal*Mart Supercenter, Lowe’s Home Improvement, The Home Depot and Publix. Asking rent is $25 psf plus CAM. The center has spaces available of 1,400 sq.ft. to 16,000 sq.ft. The company also is preleasing Shoppes of Venice, a 12,500 sq.ft. center located at the intersection of Tamiami Trail and Jacacranda Boulevard in Venice, FL. The center is an outparcel to Wal*Mart Supercenter and is located near Target, Publix, Staples and Books-A-Million. Asking rent is $25 psf with CAM from $3.50 psf to $4 psf. The center has spaces available of 1,400 sq.ft. to 11,000 sq.ft. For more information, contact Real Property Specialists, Inc., 6700 Conroy Road, Suite 230, Orlando, FL 32835; 407-291-9000; Web site: www.realpropertyspecialists.com.
Victory Investments, Inc. is preleasing The Shops at Belle Promenade, a center located in New Orleans, LA. The center is anchored by Wal*Mart Supercenter and is tenanted by Simply Fashions and Friedman’s. Area demographics include a population of 695,000 within 10 miles earning $49,000 as the average household income. Market and asking rent is $18 psf with CAM of $1.50 psf and taxes of $1.90 psf. The company also is preleasing Anderson Towne Center, a 425,145 sq.ft. center located on 5 Mile Road in Cincinnati, OH. The center is situated on a land area of 48 acres. Tenants include Kroger, Lazarus, CVS, Uno’s, T.G.I. Friday’s, Kmart, Moe’s Southwest Grill and Top Nails. Area demographics include a population of 97,406 within five miles earning $54,400 as the average household income. Asking rent is $24 psf with CAM of $2.83 psf and taxes of $0.53 psf. For more information, contact Bill Haynes, Victory Investments, Inc., 506 Manchester Expressway, Suite B5, Columbus, GA 31904; 706-327-4774, Fax 706-653-0983.
|