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New Construction
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New Construction Melaver, Inc. is preleasing Abercorn Common, a 210,000 sq.ft. center located at the intersection of Abercorn and White Bluff in Savannah, GA. The site has an average daily traffic count of 90,000 vehicles. The center has big box and small shop space available. Phase one opening is slated for Spring 2005. For more information, contact Marian Smith, Melaver, Inc., 114 Barnard Street, Savannah, GA 31401; 800-560-0254; Email: abercorn@melaver.com; Web site: www.abercorncommon.com.
Thomas English Retail Real Estate is preleasing Sunnyside Marketplace, a 150,000 sq.ft. center located in Lawrence, IN. Opening is slated for Fall 2005. Area retail includes Wal*Mart Supercenter, Kohl’s and 150,000 sq.ft. of small shop space. The company also is preleasing Cherry Tree Crossing, a 50,000 sq.ft. center located in Indianapolis, IN. Opening is slated for Summer 2005. Area retail includes Cherry Tree Plaza. The company also is preleasing Garners Ferry Marketplace, a 35,000 sq.ft. center located in Columbia, SC. Opening is slated for Summer 2005. Area retail includes Wal*Mart Supercenter and Lowe’s Home Improvement. The company also is preleasing 12,000 sq.ft. of shop space in an outlot to a Wal*Mart in Country Club Hills, IL. Area retail includes Loews Cineplex 14. For more information, contact Thomas English Retail Real Estate, 450 East 96th Street, Suite 500, Indianapolis, IN 46240; 317-590-7477, Fax 317-581-6118; Email: thomasenglish@terre-llc.com; Web site: www.terre-llc.com.
Madison Retail, LLC is preleasing Esplenade of Marietta, a mixed-use center located at the intersection of Powder Springs Road and Interstate 20 in Marietta, GA. Opening is slated for Spring 2006. The center will include 70,000 sq.ft. of retail space, 32,000 sq.ft. of office space and 200 residential units. Area demographics include a population of 182,731 within five miles earning $63,455 as the average household income. The company also is preleasing Suwanee Town Center, a mixed-use center located at the intersection of Lawrenceville-Suwanee Highway and Buford Highway in Suwanee, GA. Opening is slated for Summer 2005. The site has an average daily traffic count of 31,000 vehicles. Area demographics include a population of 285,150 within five miles earning $98,692 as the average household income. The site will include 50,000 sq.ft. of retail, 40,000 sq.ft. of office space and 32 townhomes to be built over the retail. For more information, contact Kim Dart or Jason McLure, Madison Retail, LLC, 3625 Cumberland Parkway, Suite 43, Atlanta, GA 30339; 770-818-4130, Fax 770-818-4131.
NAI Isaac Commercial Properties, Inc. is preleasing Forum Shops @ Cherry Blossom Centre, a 17,800 sq.ft. center located at the intersection of Route 62 and Interstate 75 in Georgetown, KY. The center is situated on a land area of 1.82 acres. Opening is slated for Spring 2005. Area demographics include a population of 47,213 within 10 miles earning $62,146 as the average household income. The site has an average daily traffic count of 41,450 vehicles. Area retail includes Wal*Mart Supercenter, Lowe’s Home Improvement and Applebee’s. For more information, contact Chad Voelkert, NAI Isaac Commercial Properties, Inc., 771 Corporate Drive, Suite 300, Lexington, KY 40503; 859-224-2000, Fax 859-224-0848; Email: cvoelkert@naiisaac.com; Web site: www.naiisaac.com.
Boos Development Group, Inc. is preleasing a 6,480 sq.ft. center located at the intersection of Little Road and Trouble Creek Road in New Port Richey, FL. Opening is slated for August 2005. Rents are $29.50 psf NNN with CAM of $4 psf. The site has an average daily traffic count of 31,355 vehicles. Area demographics include a population of 54,391 within three miles earning $44,619 as the average household income. The company also is preleasing a 10,300 sq.ft. center located at the intersection of Trinity Boulevard and Tamarind Road in Trinity, FL. Opening is slated for August 2005. Rent is $29.50 psf NNN. The site has an average daily traffic count of 9,110 vehicles. Area demographics include a population of 13,446 within three miles earning $65,714 as the average household income. For more information, contact Kim Boos-Cuervo, Boos Development Group, Inc., 2651 McCormick Drive, Clearwater, FL 33756; 727-669-2900, Fax 727-669-2915; Email: kbooscuervo@boosdevelopment.com.
Ben Carter Properties, LLC is preleasing St. Johns Town Center, a mixed-use development located at the intersection of J. Turner Butler Boulevard and Interstate 295 in Jacksonville, FL. The 1.5 million sq.ft. development will include retail, hotel, office, multi-family and 25 acres of commercial sites. The center is situated on a land area of 200 acres. The development will include an open-air design and incorporate architectural styles found in coastal regions of the Southeast. The project will include upscale department stores, specialty anchor stores, small shops and restaurants. Area demographics include a population of 529,319 within 10 miles earning $81,280 as the average household income. For more information, contact Ben Carter Properties, LLC, 950 East Paces Ferry Road, Suite 900, Atlanta, GA 30326; 404-869-2800, Fax 404-869-7171; Web site: www.bencarterproperties.com.
Garden Commercial Properties is preleasing Tampa Palms Shopping Center, a 380,000 sq.ft. development located off Bruce B. Downs Boulevard in Tampa, FL. Area retail includes Lowe’s Home Improvement. Area demographics include a population of 410,122 within 10 miles earning $59,800 as the average household income. For more information, contact Garden Commercial Properties, 820 Morris Turnpike, Short Hills, NJ 07078; 973-467-5000 Ext. 200; Web site: www.gardencommercial.com.
Fameco Real Estate is preleasing a 40,000 sq.ft. center located at the intersection of Street Road and Bustleton Pike in Feasterville, PA. Opening is slated for February 2005. Tenants will include Pier 1 Imports, Cold Stone Creamery, T-Mobile, Panera Bread, Starbucks, Great Clips, Sleepy’s, Blockbuster Video and a PA Liquor Store. For more information, contact Diane Weinberg, 15 East Ridge Pike, Suite 100, Conshohocken, PA 19428; 610-834-8000, Fax 610-834-1793; Web site: www.famecoretail.com.
Cypress Equities is preleasing Plantation Point, a 377,000 sq.ft. center located at the intersection of Interstate 540 and Highway 1 in Raleigh, NC. The center is situated on a land area of 50.48 acres and has an average daily traffic count of 67,000 vehicles. Opening is slated for 2006. Area retail includes Triangle Towne Centre, Belk, Dillard’s, Hecht’s, Sears and Saks. Area demographics include a population of 125,503 within five miles earning $87,843 as the average household income. For more information, contact Cypress Equities, 15601 Dallas Parkway, Suite 400, Addison, TX 75001; 972-361-5928.
Schmier & Feurring Properties, Inc. is preleasing the redevelopment of Towne Plaza, a 27,000 sq.ft. center located at the intersection of Glades Road and Butts Road in Boca Raton, FL. The center is currently tenanted by Coldwell Banker and City National Bank. For more information, contact Schmier & Feurring Properties, Inc., 7777 Glades Road, Suite 310, Boca Raton, FL 33434; 561-488-9100, Fax 561-482-0181; Email: rregister@sfrealty.com.
Retail Estate is preleasing Perkins Rowe, a 58-acre development located at the intersection of Bluebonnet Boulevard, Perkins Road and Rod Laver Avenue in Baton Rouge, LA. The center will include 390,000 sq.ft. of retail, restaurant and entertainment space, 800 residences, including condominiums, loft-style apartments, flats over retail, brownstones and maisonettes and 275,000 sq.ft. of office space. Retail will include a movie theater, book store, cafes and restaurants, shops, a hotel, gourmet market, medical center, fitness club and town square. For more information, contact Tad Templeton, Retail Estate, 3250 Mary Street, Suite 404, Coconut Grove, FL 33133; 305-441-2911, Fax 305-445-8195; Email: tad@retailestate.com; Web site: www.retailestate.com.
Cousins Properties is developing Winrock MarketCenter, a one million sq.ft. center located at the intersection of Interstate 40 and Louisiana Boulevard in Albuquerque, NM. Opening is slated for Fall 2006. The company also is developing The Avenue – Webb Ginn Corners, a center located at the intersection of Webb Gin and House Road in Gwinnett County, GA. Opening is slated for Spring 2006. The initial phase will be 133,000 sq.ft., while 230,000 sq.ft. of space is planned for the future. Area demographics include a population of 261,619 within seven miles earning $81,268 as the average household income. For more information, contact Bob Manarino, Cousins Properties, 2500 Windy Ridge Parkway, Suite 1600, Atlanta, GA 30339-5683; 949-585-9270; Email: bobmanarino@cousinsproperties.com; Web site: www.cousinsproperties.com.
Miromar Development Corp. is developing University Village, a 100,000 sq.ft. center located off Interstate Highway 75 in Miromar, FL. Area demographics include a population of 682,694 within 25 miles. The center will include retail, as well as more than 80 apartments on the upper two floors, plus 100 garden villas overlooking a golf course. For more information, contact Miromar Development Corp., 10801 Corkscrew Road, Suite 305, Estero, FL 33928; 239-390-5100, Fax 239-948-3667; Web site: www.miromar.com.
Collins/Goodman is preleasing Concord Station, a 50,000 sq.ft. center located at the intersection of Interstate 85 and Concord Mills Boulevard in Concord, NC. The company also is preleasing Jacksonville Station, a center located at the intersection of Beach Boulevard and Hodges in Jacksonville, FL. The site has an average daily traffic count of 70,900 vehicles. For more information, contact Andrea Kenney, Collins/Goodman, 1447 Peachtree Street, Suite 525, Atlanta, GA 30309; 404-888-9595, Fax 404-888-9351; Web site: www.collinsgoodman.com.
The J.H. Snyder Co. is developing Commerce Gateway, a 324,000 sq.ft. center located at the intersection of Telegraph Road and Tubeway Avenue in Commerce, CA. Area demographics include a population of 792,000 within five miles earning $50,000 as the average household income. The center will include three anchors from 26,400 sq.ft. to 140,000 sq.ft., a 14 to 16-screen theater, retail and entertainment spaces and restaurants. For more information, contact The J.H. Snyder Co., 5757 Wilshire Boulevard, PH 30, Los Angeles, CA 90036; 323-857-5546, Fax 323-857-7042; Web site: www.jhsnyder.com.
Freeman Commercial Real Estate is preleasing Shoppes On Little Creek, a center located on Hanes Mall Boulevard in Winston-Salem, NC. Opening is slated for August 2005. The center will be situated on a land area of 53 acres. Area retail includes Hanes Mall, Kohl’s, Pier 1 Imports, Sam’s Club, Costco and Hanes Commons. Asking rent is $20 psf with CAM of $1.50 psf and taxes of $1.50 psf. For more information, contact Ladd Freeman, Freeman Commercial Real Estate, 175 Kimel Park Drive, Suite 200, Winston-Salem, NC 27103; 336-768-4410, Fax 336-768-4413; Email: ladd@freemancommercial.com.
Weingarten Realty Investors is preleasing Town Center at Timber Springs, an 80,000 sq.ft. center located at the intersection of Avalon Parkway and Timber Springs Boulevard in Orlando, FL. The center will be anchored by a 40,314 sq.ft. Wal*Mart Neighborhood Market and have a 5,000 sq.ft. bank on the corner pad. For more information, contact Weingarten Realty Investors, 2600 Citadel Plaza Drive, Suite 300, Houston, TX 77008; 800-688-8865, Fax 800-688-6049; Web site: www.weingarten.com.
The Peterson Cos. is developing National Harbor, a 1.1 million sq.ft. entertainment center located in Fort Washington, MD. The center will include a hotel, a convention resort and office space. The site has an average daily traffic count of 201,750 vehicles. Area demographics include a population of 3.7 million within 25 miles earning $70,473 as the average household income. The company also is developing RiverCrest Center & Harborview Shops, a 300,000 sq.ft. center located in Fort Washington, MD. Opening is slated for next year. Tenants include a 175,000 sq.ft. Target Supercenter, a 30,000 sq.ft. junior anchor and a 9,000 sq.ft. drugstore. Area demographics include a population of 115,379 within three miles earning $74,085 as the average household income. For more information, contact The Peterson Cos., 12500 Fair Lakes Crossing, Fairfax, VA 22033; 703-227-2000, Fax 703-818-1250; Web site: www.petersoncos.com.
W.M. Grace Development is developing One Stop Plaza, a 32,100 sq.ft. center located at the intersection of McDowell Road and 36th Street in Phoenix, AZ. The site has an average daily traffic count of 81,700 vehicles. Area demographics include a population of 157,771 within three miles earning $47,658 as the average household income. The company also is developing Apache Village, a center located at the intersection of Apache and Ellsworth in Mesa, AZ. Area demographics include a population of 57,249 within three miles earning $30,913 as the average household income. The site has an average daily traffic count of 73,510 vehicles. The center will include an automotive/hardware store, a supermarket and a drug store. 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; Email: wmgrace@msn.com.
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