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New Construction
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New Construction Heritage Development Co. is developing City View Center, a 650,000 sq.ft. center located on Interstate 480 in Garfield Heights, OH. The center will be anchored by Wal*Mart, Circuit City, Bed Bath & Beyond, JoAnn Stores, OfficeMax, Dick’s Sporting Goods and Giant Eagle. Opening is slated for Summer 2005. The company also is planning to add to the 95-acre site with the future development of an office park, restaurants and a hotel. For more information, contact Heritage Development Company, 34555 Chagrin Boulevard, Moreland Hills, Ohio 44022; 440-914-4300, Fax 440-247-9767; Web site: www.heritage-development.com.
Dickinson Development Corp. is redeveloping Merrimac Plaza, a 170,000 sq.ft. center located in Methuen, MA. The center is anchored by a 50,000 sq.ft. Market Basket supermarket, a 25,000 sq.ft. A.J. Wright and an 18,000 sq.ft. Dollar Tree. Other tenants include Aspen Dental and the UPS Store. For more information, contact Dickinson Development Corp., 1266 Furnace Brook Parkway, Quincy, MA 02169; 617-770-1955, Fax 617-770-1630; Email: ddc@dickinsondev.com.
AJ Properties, Inc. is preleasing Odenton Station, a 69,000 sq.ft. center located at the intersection of Annapolis Road and Town Center Boulevard in Odenton, MD. Construction is expected to begin during May 2005, with completion slated for February 2006. Asking rent is $30 psf with CAM of $2 psf and taxes of $1.25 psf. The center is situated on a land area of six acres. Area demographics include a population of 125,000 within five miles earning $79,000 as the average household income. For more information, contact S. Title, AJ Properties, Inc., 8373 Piney Orchard Parkway, Odenton, MD 21113; 410-551-9116, Fax 410-551-9040; Email: stuart@ajprop.net; Web site: www.ajprop.net.
DiMucci Cos. is planning to expand Golf Plaza II Shopping Center located at the intersection of Golf Road and Elmhurst Road in Mount Prospect, IL. The expansion is expected to include additional anchor tenant retail stores on additional six acres of property. For more information, contact W. Thomas Niemira, DiMucci Cos., 285 West Dundee Road, Chicago, IL 60074; 847-991-4400, Fax 847-991-9728.
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. The site has an average daily traffic count of 95,000 vehicles. 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.
Greenberg Commercial Corp. is planning to develop Edgewater Village Center, a 100,000 sq.ft. center located at the intersection of Central Avenue and Pike Ridge Road in Anne Arundel County, MD. The Edgewater Liquors store will remain open throughout the construction phase. Opening is slated for the second quarter of 2005. The center will be anchored by Safeway Marketplace, a 55,255 sq.ft. supermarket, and will be tenanted by Starbucks Coffee, Bergmann’s Dry Cleaners and Sun Trust Bank. KLNB Retail will lease the center. For more information, contact David Goldbloom or Austin Groves, Greenberg Commercial, 10096 Red Run Boulevard, Suite 100, Owings Mills, MD 21117; 410-559-2500, Fax 410-581-2032; Web site: www.greenbergcommercial.com.
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. Opening is 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.
Coral Ridge Cos. is preleasing The Shops at Constitution Trail, a 400,000 sq.ft. mixed-use center located at the intersection Interstate 51 and Interstate 55 in Normal, IL. Area demographics include a population of 55,000 within three miles earning $57,000 as the average household income. Opening is slated for Spring 2006. The center will be anchored by Wehrenberg Theaters, Schnucks, Old Chicago Pizza & Pasta, Houlihan’s, Long Horn Steakhouse and Cheddar’s. For more information, contact Coral Ridge Cos., 300 East Long Lake Road, Suite 140, Bloomfield Hills, MI 48304; 248-646-0545; Web site: www.coralridgeco.com.
ARC Properties, Inc. is planning to develop The Mews at Garwood, a 20,000 sq.ft. mixed-use center located in Garwood, NJ. The center also will include 84 residential units. The company also is looking to acquire land for development throughout the NY and PA metro areas. For more information, contact ARC Properties, Inc., 1401 Broad Street, Clifton, NJ 07013; 973-249-1000, Fax 973-249-1001; Web site: www.arcproperties.com.
Midwest Development Partners is preleasing Cottonwood Center, a 40,000 sq.ft. center located in southwest Grand Rapids, MI. The center is adjacent to Meijer supermarket. Area retail includes Target, Dollar Tree, Aldi, Save-A-Lot, Hobby Lobby and ABC Appliance Warehouse. For more information, contact Bill Bussey, Grubb & Ellis/Paramount, 300 Ottawa Avenue, Suite 400, Grand Rapids, MI 49503; 616-774-3500 Ext. 113, Fax 616-588-6113; Email: bill.bussey@paramountprop.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. Area demographics include a population of 112,570 within five miles earning $86,831 as the average household income. 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.
Brookhill Management Corp. is redeveloping the 131,500 sq.ft. Heart of Florida Shopping Center located on Highway 27 in Polk County, FL. Area retail includes a 200,000 sq.ft. Wal*Mart Supercenter and a 45,000 sq.ft. Winn-Dixie supermarket. For more information, contact Donald Derman, Brookhill Management Corp., 501 Madison Avenue, 18th Floor, New York, NY 10022; 212-753-3123 Ext. 247; Email: dderman@brookhillre.com.
NAI MLG Commercial is preleasing NewPort West, a 20,000 sq.ft. center located at the intersection of Highway 50 and Cook Street in Lake Geneva, WI. The center has spaces available of 1,500 sq.ft. to 20,000 sq.ft. Opening is slated for May 2005. Asking rents range from $26 psf to $30 psf. Area demographics include a population of 17,074 within five miles earning $45,172 as the average household income. The site has an average daily traffic count of 20,000 vehicles. For more information, contact Tom Treder, NAI MLG Commercial, 13400 Bishops Lane, Suite 100, Brookfield, WI 53005; 262-797-9400, Fax 262-797-8940; Email: ttreder@mlgcommercial.com; Web site: www.mlgcommercial.com.
Horizon Realty Services is preleasing the expansion of Grayslake Plaza located at the intersection of Center Street and Atkinson Road in Grayslake, IL. The center is anchored by Piggly Wiggly and is cotenanted by Budget Cash Advance, Jake’s Pizza, Great Clips and a dry cleaner. The expansion will consist of 6,785 sq.ft. with individual spaces as small as 1,302 sq.ft. and up. For more information, contact Stuart B. Lenhoff, Horizon Realty Services, 3715 Ventura Drive, Suite 200, Arlington Heights, IL 60004; 847-870-8585, Fax 847-870-1888; Email: slenhoff@horizonrealtyservices.com; Web site www.horizonrealtyservices.com.
Dutchman Realty is preleasing Mexico Centre, which is situated on a land area of 12.8 acres at the intersection of Bryan and Mexico Road in O’Fallon, MO. The center has spaces available of 1,500 sq.ft. to 18,000 sq.ft. Opening slated for 2005. The site has an average daily traffic count of 20,000 vehicles. Area retail includes Walgreens. Asking rents range from $15.50 psf to $16 psf. The site will include townhouses on five acres and a strip center situated on a land area of seven acres with two to three outlots. For more information, contact Jeremy Malensky, Dutchman Realty, Inc., 800 South Fifth Street, St. Charles, MO 63301; 636-949-0777, Fax 636-949-5369; Email: jeremy@dutchmanrealty.com; Web site: www.dutchmanrealty.com.
DeBartolo Development is planning to develop a center located at the intersection of Interstate 95 and Beville Road in Daytona Beach, FL. Area demographics include a population of 88,000 within three miles. The site includes a main development area of 22 acres, five outparcel lots of over an acre each and a wetlands area. No tenants have been named. For more information, contact Scott Carpenter, DeBartolo Development, 14934 North Florida Avenue, Tampa, FL 33613; 800-360-2710; Web site: www.debartolodevelopment.com.
Staubach Retail Services is preleasing Vista Ridge, a center located at the intersection of Highway 7 and Sheridan in Erie, CO. The site has four parcels available for development, including land areas of 21.67 acres, 18.02 acres, 13.68 acres and 23 acres. Area demographics include a population of 346,523 within 10 miles earning $85,256 as the average household income. For more information, contact Joren Peterson or Sam Zaitz, Staubach Retail Services, 1125 17th Street, Suite 1420, Denver, CO 80202; 303-390-5237, Fax 303-390-5228; Email: don.edrington@staubach.com.
Maestas & Ward Commercial Real Estate is developing The Shops at Paseo Crossing, a six-acre property located at the intersection of Wyoming Boulevard and Paseo del Norte in Albuquerque, NM. Area retail includes Hallmark, IHOP, Sleep N Aire, Whataburger, OfficeMax and Dion’s. For more information, contact Brenda Canada, Maestas & Ward Commercial Real Estate, 7620 Jefferson NE, Albuquerque, NM 87109; 505-878-0001, Fax 505-878-0002; Web site: www.maestasandward.com.
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.
David Hocker & Associates, Inc. is preleasing The Collection at Vanderbilt, an open-air specialty center located at the intersection of Vanderbilt Beach Road and Airport-Pulling Road in Naples, FL. The site has an average daily traffic count of approximately 100,000 vehicles and is situated on a land area of 30 acres. Area demographics include a population of 138,800 within seven miles earning $85,800 as the average household income. For more information, contact Sandra A. Hamilton, David Hocker & Associates, 9130 Galleria Court, Suite 328, Naples, FL 34109; 239-514-1428, Fax 239-514-2769; Email: shamil2@aol.com; Web site: www.davidhocker.com.
Trammell Crow Co. is preleasing Madison Town Center located at the intersection of 11 Mile Road and John R Road in Madison Heights, MI. The site has an average daily traffic count of 31,134 vehicles. The center is anchored by Save-A-Lot. 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; Web site www.trammellcrow.com.
Livesey Co. is preleasing Discovery Springs, a proposed mixed-use project of up to one million sq.ft. located at the intersection of Beltline and University Avenue in Middleton, WI. Opening is slated for next year. The site has outparcels and endcaps available and will be situated on a land area of 100 acres. Tenants include Quaker Steak & Lube and Country Inn & Suites. For more information, contact Alex Weis, Livesey Co., 5615 Odana Road, Madison, WI 53719; 608-274-2929, Fax 608-274-7579; Email: aweis@liveseyco.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. 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.
Strathmore Development Co. is planning to develop a 300,000 sq.ft. center and 240 apartments adjacent to the existing Bear Creek Plaza located just south of Petoskey, MI. For more information, contact Strathmore Development Co., 314 M.A.C. Avenue, Suite 100, East Lansing, MI 48823; 517-336-4400, Fax 517-336-4499; Email: scottc@strathmoredev.com.
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