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New Construction
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New Construction Nassimi Realty Corp. is preleasing the expansion of Cedarbrook Plaza, a 600,000 sq.ft. center located in Wyncote, PA. The center is expanding with the addition of an adjacent 3.5 acres of the original 38-acre site. The expansion includes approximately 350 feet of frontage and a third curb cut with a traffic light along the intersection of Cheltenham Avenue and Mt. Pleasant Street. Groundbreaking for the outlot expansion is slated for completion later this year. Phase I will include three pad sites totaling 30,000 sq.ft. Leases have been signed with Joyce Leslie and Old Country Buffet with an additional 10,000 sq.ft. available for four inline stores. The center is currently tenanted by Wal*Mart, Pathmark, Toys “R” Us, Modell’s Sporting Goods, Frank’s Nursery and Crafts, A.J. Wright, Hollywood Video, Dots and Bally’s Total Fitness. The company also is developing Franklin Square in Somerset, NJ; Botany Plaza in Clifton, NJ; East Meadow Commons in East Meadow, NY and Big Box Plaza in Amsterdam, NY. For more information, contact Nassimi Realty Corp., 7 Penn Plaza, Suite 1700, New York, NY 10001; 212-643-8080, Fax 212-643-2626; Web site: www.nassimirealty.com.
Welco Realty, Inc. is preleasing the redevelopment of Seaview Square, a center located at the intersection of Route 18, Route 35 and East Mall Drive in Ocean Township, NJ. Area demographics include a population of 204,492 within seven miles earning $62,917 as the average household income. The company also is preleasing a 130,000 sq.ft. center slated to open at the intersection of South Orange Avenue and Grove Street in Newark, NJ. Opening is slated for Summer or Fall 2005. For more information, contact Welco Realty, Inc., 2525 Palmer Avenue, New Rochelle, NY 10801; 914-576-7500, Fax 914-576-7596.
DLC Management Corp. is redeveloping Levittown Town Center, a 468,675 sq.ft. center located at the intersection of Levittown Parkway and U.S. Route 13 in Levittown, PA. The center is currently anchored by The Home Depot. Area demographics include a population of 689,828 within 10 miles earning $66,965 as the average household income. For more information, contact Michael Cohen, DLC Management Corp., 580 White Plains Road, Tarrytown, NY 10591; 914-631-3131, Fax 914-631-6533; Web site: www.dlcmgmt.com.
Stoltz Management Co. is preleasing Springhouse Village Center, a 156,688 sq.ft. center located at the intersection of Sumneytown Pike and Bethlehem Pike in Springhouse, PA with an average daily traffic count of 42,400 vehicles. The center has spaces available of 1,500 sq.ft. to 83,000 sq.ft. Area demographics include a population of 40,440 within three miles earning $104,185 as the average household income. The company also is preleasing Germantown Commons Shopping Center located on Middlebrook Road off State Highway 118 in Germantown, MD. Opening is slated for this Fall. The center is anchored by Bed Bath & Beyond and Giant Foods. Area demographics include a population 182,219 within five miles earning $80,471 as the average household income. The site has an average daily traffic count of 47,000 vehicles. For more information, contact Mark Curcio or Gloria Mercado, Stoltz Management Co., 725 Conshohocken State Road, Bala Cynwyd, PA 19004; 888-777-3577 Ext. 50 or 888-777-3577 Ext. 55; Emails: mcurcio@stoltzusa.com and gmercado@stoltzusa.com; Web site: www.stoltzusa.com.
LMS Commercial Real Estate is planning to develop Leola Commons, a center located on New Holland Pike in Leola, PA. The center will be anchored by a discount supermarket and will have an additional 10,000 sq.ft. and a pad site available. Opening is slated for the Fall. Area demographics include a population of 62,876 within five miles earning $67,409 as the average household income. For more information, contact LMS Commercial Real Estate, 120 North Pointe Boulevard, Suite 301, Lancaster, PA 17601; 717-569-9373, Fax 717-560-9909; Web site: www.lms-pma.com.
Michael Antkies Retail Real Estate is preleasing a 34,000 sq.ft. center located at the intersection of Route 100 and Healy Road in Hartsdale, NY. The center will be two-levels and is located near Barnes & Noble, Ethan Allen, Today’s Man, Noodle Kidoodle and Annie Sez. Area demographics include a population of 235,700 within five miles earning $91,660 as the median household income. For more information, contact Michael Antkies, Michael Antkies Retail Real Estate, 226 Great Hill Road, Ridgefield, CT 06877; 203-438-9525, Fax 203-894-8434; Email: mantkies@antkies.com.
Cedarwood Development, Inc. is developing Hermitage Crossing, a 267,070 sq.ft. center located on North Hermitage Road in Hermitage, PA. Opening is slated for Summer 2005. Area retail includes Shenango Valley Mall, which is anchored by Kaufmann’s, Sears and JCPenney. Area demographics include a population of 54,000 within five miles earning $48,000 as the average household income. For more information, contact Frank Licata or Jodi L. Cross, Cedarwood Development, Inc., 1765 Merriman Road, Akron, OH 44313; 330-836-9971 Ext. 4200/4188, Fax 330-864-8094; Emails: flicata@cedarwoodd.com and jcross@cedarwoodd.com.
Erwin L. Greenberg Commercial Corp. has begun construction of the Phase III portion of Burwood Village Center, a 116,000 sq.ft. center located at the intersection of Baltimore-Annapolis Boulevard and Furnace Branch Road in Anne Arundel County, MD. The section, which is expected to be completed by this Fall, will feature 15,300 sq.ft. of inline retail space and is presently 65% leased. Tenants include Peking Buffet, Italia’s Corner Café and Curves. The company also is making plans to add 3,600 sq.ft. of new retail space to the center, which would be phase IV, during Fall 2005. For more information, contact David L. Goldbloom, Erwin L. Greenberg Commercial Corp., 10096 Red Run Boulevard, Owings Mills, MD 21117; 410-559-2500 Ext. 108, Fax 410-581-2032; Email: dgoldbloom@elgreenberg.com; Web site: www.greenbergcommercial.com.
Transmark Co. is developing a 40,000 sq.ft. retail building located at the main entrance to the Rockaway Townsquare Mall, a two million sq.ft. mall in Morris County, NJ. The development will feature streetscape architecture running adjacent to Interstate 80 at the interchange of Mount Hope. Area retail includes Target, Petsmart, Dick’s Sporting Goods, Best Buy, Michael’s, Borders and Linens ‘N Things. Tenants at Rockaway Townsquare Mall include Sprint, Rockaway Bedding, Supercuts, Coldstone Creamery, Fatburger and Verizon Wireless. Mall anchors include Macy’s, Lord and Taylor, JCPenney and Sears. Area demographics include a population of 342,000 within 10 miles earning $106,367 as the average household income. The site located along Interstate 80 at Mount Hope has an average daily traffic count of 135,120 vehicles. For more information, contact Steve Scannell, Transmark Company, PMB 317, 5910 South University Boulevard, Suite C-18, Greenwood Village, CO 80121; 303-771-5012, Fax 303-771-5063; Email: sscannell@transmarkcompany.com; Web site: www.transmarkcompany.com.
RMC Property Group is marketing and developing outparcels at all four intersections of Lee Vista Boulevard and Econlockhatchee Trail in Orlando, FL. The Crowntree Lakes outparcels are 1.5 miles east of Vista Lakes, a master-planned community that will build out at more than 2,300 housing units. The company also is developing Summerfield Crossings, a center located at the intersection of U.S. Highway 301 and Big Bend Road in Riverview, FL. Phase 1 of the project will be anchored by a 45,000 sq.ft. Publix Super Market and will include 24,000 sq.ft. of small shop space and two outparcels. Phase 1 is slated for completion during Spring 2005. For more information, contact Michael Leeds, RMC Property Group, 1733 West Fletcher Avenue, Tampa, FL 33612; 813-960-8154 Ext. 222, Fax 813-963-2596; Web site: www.rmcpg.com.
GVA Williams is preleasing a center located at the intersection of Old Stratford Road and Bridgeport Avenue in Shelton, CT. For more information, contact Dominick Musilli, GVA Williams, 1055 Washington Boulevard, Stamford, CT 06901; 203-961-6582; Email: dmusilli@gvawilliams.com; Web site www.gvawilliams.com.
Tri-Land Properties, Inc. is planning to develop Phase II in the $25 million redevelopment of Market Place Mall located at the intersection of Interstate 481 and U.S. Route 11 in Cicero, NY and the addition of a 143,000 sq.ft. Lowe’s Home Improvement to the property. The renovation will commence with the demolition of 150,000 sq.ft. of the former enclosed mall and the addition of 65,000 sq.ft. of new store space in two buildings near Route 11. Panera Bread and Supercuts have each signed a lease for store space in one of the two buildings. For more information, contact George Hahne, Tri-Land Properties, Inc., One Westbrook Corporate Center, Suite 520, Westchester, IL 60154-5764; 708-531-8210, Fax 708-531-8217.
Staubach Retail Services is preleasing Plantation Point, a 400,000 sq.ft. center located in Raleigh, NC. Opening is slated for Spring 2006. Area retail includes Triangle Town Center Mall, which is anchored by Dillard’s, Hecht’s, Sears, Belk’s and Saks Fifth Avenue. For more information, contact Brian Murphy, Staubach Retail Services, 15601 Dallas Parkway, Suite 400, Addison, TX 75001; 972-361-5076; Email: brian.murphy@staubach.com.
Fameco Real Estate is preleasing Garden State Park, a 500,000 sq.ft. mixed-use development located at the intersection of Route 70 and Haddonfield Road in Cherry Hill, NJ. The center will include 1,500 residential units and over one million sq.ft. of office space, and will include outparcels ranging from 4,000 sq.ft. to 16,620 sq.ft. Area demographics include a population of 321,848 within five miles earning $53,211 as the average household income. The company also is developing Brick 70 Center located in Brick Township, NJ. Area retail includes Lowe’s Home Improvement, Home Depot, Circuit City, Target, Kohl’s and ShopRite. Area demographics include a population of 202,431 within five miles earning $69,111 as the average household income. The company also is developing Somerville Town Center located in Somerville, NJ. Area demographics include a population of 120,117 within five miles earning $87,296 as the average household income. For more information, contact Fameco Real Estate, 15 Ridge Pike, Suite 100, Conshohocken, PA 19428; 610-834-8000, Fax 610-834-1793; Web site: www.famecoretail.com.
Alberta Development Partners is planning to develop Southlands Town Center located at the intersection of East 470 and Smoky Hill Road in southeast Aurora, CO. The company plans to develop the 300-acre site into a mixed-use lifestyle village with 1.5 million sq.ft. of retail; 280,000 sq.ft. of office space and 1,100 multifamily residential units. The $250 million project will be built in three phases: 346,000 sq.ft. of retail opening this fall; 500,000 sq.ft. of value retail and restaurants opening next Spring and the 493,000 sq.ft. Town Center with restaurants, full-price retail, a movie theater and health care facilities. Completion is slated for Summer 2006. Tenants will include Wal*Mart Supercenter, Sam’s Club, Barnes & Noble, Kohl’s and SoundTrack, as well as many restaurants such as Olive Garden, Ted’s Montana Grill, Smokey Bones and Red Lobster. For more information, contact Alberta Development Partners, 5460 South Quebec Street, Suite 100, Greenwood Village, CO 80111-1916; 303-771-4004, Fax 303-771-4086; Web site: www.albdev.com.
RED Development, LLC and The Lerner Co. are developing Papillion Promenade, a 900,000 sq.ft. center located at the intersection of Highway 370 and 72nd Street in Papillion, NE. The center will be situated on a land area of 135 acres. Site preparation is expected to begin this summer, with opening slated for 2006. For more information, contact John Bacon, RED Development, LLC, 6263 North Scottsdale, Road, Suite 222, Scottsdale, AZ 85250; 480-556-7751, Fax 480-947-7997; Web site: www.reddevelopment.com.
Casto is planning to develop Fairfield Square, a 150,000 sq.ft. center located on State Route 256 in Pickerington, OH. The development will be anchored by a 96,000 sq.ft. Kohl’s. Opening is slated for the end of the year. Additional retail space, as well as several outparcels, are available. The company also is developing a 124,000 sq.ft. Target and an 18,786 sq.ft. Staples at Town & Country, a center located on East Broad Street in Whitehall, OH. Opening for Target is slated for March 2005, while opening for Staples is slated for the Fall. For more information, contact Diane Zibell, Casto, 191 West Nationwide Boulevard, Columbus, OH 43215; 614-228-5331.
The Village at Deerfield Crossings is preleasing 65,000 sq.ft. in Mebane, NC. The property is located at the intersection of Interstate 40 and 85 and Highway 119. The center is situated on a land area of 7.32 acres and has spaces available of 1,500 sq.ft. up to 25,000 sq.ft. Opening is slated for later this year or early 2005. Area demographics include a population of 110,000 within 10 miles earning $58,000 as the average household income. For more information, contact Karen Wilkinson-Bowers, The Village at Deerfield Crossings, 4045 Wilson Road, Mebane, NC 27302; 919-304-5249; Email: ncpowerduo@msn.com.
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.
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