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New Construction
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New Construction MacKenzie Commercial Real Estate is preleasing The Centre at Laurel, a 200,000 sq.ft. center with four outparcels located at the intersection of Route 1 and Contree Road in Laurel, MD. The center will be anchored by Shoppers Food Warehouse and Eckerd and will be tenanted by Chick-fil-A, California Tortilla, Longhorn Steakhouse, Nextel, Three Brothers and a national pet store. Opening is slated for Summer 2005. For more information, contact Tom Fidler, MacKenzie Commercial Real Estate, 410 Severn Avenue, Annapolis, MD 21403; 410-974-9336, Fax 410-974-9046; Email: info@mackenziecommercial.com.
Trammell Crow Co. is preleasing a center located at the intersection of Ford Road and Central City Parkway in Westland, MI. The 6,600 sq.ft. center is located near a Fifth Third Bank and Kroger supermarket. Opening is slated for Summer 2005. The site has an average daily traffic count of 42,800 vehicles. For more information, contact Robert Mihelich, Trammell Crow Co., 719 Griswold Street, Suite 920, Detroit, MI 48226; 313-964-3333 Ext. 860; Email: rmihelich@trammellcrow.com.
Marketplace Properties is planning to develop Town Place Square, an $18 million mixed-use hospitality/retail commercial project located at the intersection of Milliken Avenue and 4th Street in Rancho Cucamonga, CA. The seven-acre site is situated directly across the street from The Ontario Mills shopping center. The 98,000 sq.ft. project will be anchored by a four-story, 112-room Marriott TownePlace Suites Hotel, an 8,400 sq.ft. retail shop building and three additional pads designated for retail and sit-down restaurants. Construction of the hotel and retail shop is scheduled to commence during the Summer, with an opening slated for Spring 2005. Area retail includes Kohl’s, Costco, Sam’s Club, Staples, Rainforest Café, Olive Garden, Red Lobster, Applebee’s, Fazoli’s, Pat & Oscar’s, Coco’s, Toys “R” Us, Babies “R” Us, GolfSmith, JoAnn’s and Party America. For more information, contact Michael Rue, Marketplace Properties, 18231 Irvine Boulevard, Suite 201, Tustin, CA 92780; 714.731.8888 ext. 223; Email: mrue@mpproperties.com.
W.M. Grace Development Co. is developing Old Spanish Trail Marketplace, a 154,740 sq.ft. center located at the intersection of 22nd Street and Harrison Road in Tucson, AZ. Area demographics include a population of 154,484 within five miles earning $52,909 as the average household income. The site has an average daily traffic count of 33,300 vehicles. For more information, contact W.M. Grace Development Co., 7575 North 16th Street, Suite 1, Phoenix, AZ 85020; 602-956-8254, Fax 602-943-3548.
Saugatuck Commercial Real Estate, LLC is preleasing Greyrock Place, a 450,000 sq.ft. multi-use development project located in downtown Samford, CT. The project will include 100,000 sq.ft. of retail on three floors, approximately 180 condominium units and three levels of parking. Opening is slated for mid-2007. For more information, contact Penny P. Wickey, Saugatuck Commercial Real Estate, LLC, 728 Post Road East, Suite 200, Westport, CT 06880; 203-222-4194, Fax 203-222-4186; Email: pwickey@saugatuckcommercial.com.
Carolina Commercial is preleasing The Centre at North Charleston, a 400,000 sq.ft. center located in Charleston, SC. Area retail includes Wal*Mart Supercenter, Sam’s Club and a 370,000 sq.ft. Tanger Outlet Center. Area demographics include a population of 120,876 within five miles earning $50,772 as the average household income. For more information, contact Carolina Commercial, 3131 RDU Center Drive, Suite 110, Morrisville, NC 27560; 919-781-8180, Fax 919-781-9559; Web site: www.carolinacommercial.com.
Petrie Ventures is developing Largo Commons, a center located in Largo, MD. The 10-acre site is located approximately 0.75 miles from a new Metro Station on the northwest quadrant of Route 202 and Route 214. The development will include a 14,000 sq.ft. Eckerd drugstore and a Wachovia Bank. Area demographics include a population of 212,870 within five miles earning $80,080 as the average household income. Opening is slated for Spring 2005. For more information, contact Marilyn Coolidge, Petrie Ventures, 170 Jennifer Road, Suite 300, Annapolis, MD 21401; 410-573-3800 Ext. 102, Fax 410-573-3801.
Breslin Realty Development Corp. is developing the following properties throughout NY: 25 acres on Route 110 in Farmingdale in which all of the existing buildings will be demolished and replaced with a 157,000 sq.ft. Wal*Mart anchoring a 275,000 sq.ft. center; 110,000 sq.ft. of space on a land area of 12 acres directly opposite Woodbury Commons in Harriman; a 70,000 sq.ft. Stop & Shop supermarket located at the intersection of Jericho Turnpike and Dix Hills Road in East Northport; a 125,000 sq.ft. multi-tenanted retail space located at the intersection of Jericho Turnpike and Marshall Drive in Selden; a multi-tenanted retail space in Montgomery and three 15,000 sq.ft. Walgreens drugstores in Baymeadow, East Meadow and Smithtown. The company also is developing the following locations throughout CT: 600,000 sq.ft. of space at the intersection of Interstate 95 and Route 2 in Stonington and 400,000 sq.ft. of space on Route 7 in Milford. For more information, contact Wilbur F. Breslin, Breslin Realty Development Corp., 500 Old Country Road, Garden City, NY 11530; 516-741-7400, Fax 516-741-7128.
Kite Development is developing Traders Point, a center located in Indianapolis, IN. The center will be anchored Galyan’s, Marsh Supermarket, Kerasotes Showplace 12, Bed Bath & Beyond and Michaels. Area demographics include a population of 432,325 within 10 miles earning $70,357 as the average household income. The company also is developing Cool Creek Commons, a 126,000 sq.ft. center located in Westfield, IN. Opening is slated for the Fall. The center will be anchored by The Fresh Market and Stein Mart. Area demographics include a population of 350,756 within 10 miles earning $93,029 as the average household income. For more information, contact Gregg Poetz, Kite Development, 30 South Meridian Street, Suite 1100, Indianapolis, IN 46204; 317-578-5153; Email: gpoetz@kiteco.com.
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. 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.
Market Realty, LLC is preleasing Carpentier Creek Pavilion, a 120,000 sq.ft. center located at the intersection of Lloyd and Rosenberger in Evansville, IN with an average daily traffic count of 47,800 vehicles. Opening is slated for the Fall. The center will be anchored by Kohl’s Department Store. Area retail includes Wal*Mart, Office Depot, Lowe’s Home Improvement and Home Depot. The center has spaces available of 2,000 sq.ft. to 23,000 sq.ft. For more information, contact Don Collins, Market Realty, LLC, 815 John Street, Suite 110, Evansville, IN 47713; 812-425-1906 Ext. 1104, Fax 812-425-2585.
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