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New Construction Fraga Properties is developing a 3,500 sq.ft. freestanding bank facility with two drive-thru lanes for BankUnited at the intersection of Miramar Parkway and 172 Avenue in Miramar, FL. The company also is developing a 4,000 sq.ft. freestanding bank facility with two drive-thru lanes for BankUnited at the intersection of U.S. 441 and Turtle Creek Drive in Coral Springs, FL. For more information, contact Albert J. Fraga, Fraga Properties, 1320 South Dixie Highway, Suite 214, Coral Gables, FL 33146; 305-667-1976, Fax 305-667-1276; Email: albert@fragaproperties.com.
Reinauer Real Estate is leasing Shoppes At Prien Lake, a center located in front of Prien Lake Mall in Lake Charles, LA. The center has available pad sites of 1.18 acres and 2.98 acres in front of Lowe’s Home Improvement Warehouse at the intersection of Interstate 10 and State Highway 108. The center also has spaces available of 1,200 sq.ft. to 8,790 sq.ft. Anchors include Dillard’s, Foley’s, JCPenney, Sears and Cinemark Tinseltown. For more information, contact Mark Wentz, Reinauer Real Estate, 409 Iris Street, Lake Charles, LA 70601; 337-310-8027; Email: mdwentz@ccim.net.
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.
NAI Capital Commercial is preleasing Museum Gardens, a 4,200 sq.ft. center located at the intersection of Wilshire Boulevard and Detroit Street in Los Angeles, CA with an average daily traffic count of 41,168 vehicles. Opening is slated for April 2005. Asking rent is $3.50 psf monthly. Area demographics include a population of 529,435 within three miles earning $53,174 as the average household income. Area retail includes The Grove. For more information, contact Marty Shelton, NAI Capital Commercial, 1640 South Sepulveda Boulevard, Suite 500, Los Angeles, CA 90025; 310-440-8500 Ext. 123, Fax 310-440-8500; Email: mshelton@naicapital.com; Web site: www.naicapital.com.
Carpionato Properties, Inc. is developing Chapel View, a 367,294 sq.ft. center located at the intersection of Route 2 and Route 37 in Cranston, RI. Opening is slated for the Fall. The center is anchored by Shaw’s. Asking rent is $30 psf with CAM of $1.50 psf and taxes of $2 psf. Area demographics include a population of 250,000 within five miles. The site has an average daily traffic count of 76,000 vehicles. For more information, contact Mark Briggs, Carpionato Properties, Inc., 1414 Atwood Avenue, Johnston, RI 02919; 401-273-6800, Fax 401-751-2479; Email: mbriggs@carpionatoproperties.com; Web site: www.carpionatoproperties.com.
Breslin Development Corp. is developing Polytech Shopping Center, a 275,000 sq.ft. center located at the intersection of Route 109 and Route 110 in Farmingdale, NY. Opening is slated for July 2005. The center is anchored by Wal*Mart and has an outlot available of 10,000 sq.ft. Area retail includes The Home Depot. For more information, contact Bob Delavale, Breslin Realty Development Corp., 500 Old Country Road, Garwood City, NY 11530; 516-741-7400, Fax 516-741-7128.
Pigeon Forge Development is developing Riverwalk Park, a center located in Pigeon Forge, TN. The 500,000 sq.ft. power center will include a 200,000 sq.ft. Festival Village with retail, restaurants and entertainment; a 250,000 sq.ft. convention/activities center; a 50,000 sq.ft. indoor water park and a 1,200-room hotel. For more information, contact Andre Biewend or Buddy Kaplan, Pigeon Forge Development/Riverwalk Park, 997 West Kennedy Boulevard, Suite A-25, Orlando, FL 32810; 865-774-4114 or 877-744-3664.
R.J. Brunelli & Co. is preleasing The Village at Manalapan, an 800,000 sq.ft. center located at the intersection of State Highway 33 and Millhurst Road in Manalapan, NJ. The mixed-use development will blend retail and restaurant space with a multiplex theater, public and private recreational facilities, a hotel, professional offices, apartments and a town center. For more information, contact Bill Lenaz, R.J. Brunelli & Co., Inc., 400 Perrine Road, Suite 405, Old Bridge, NJ 08857; 732-721-5800; Web site: www.njretailrealty.com.
Wolfson-Verrichia Group, Inc. is preleasing Egg Harbor Crossings, a 264,700 sq.ft. center located at the intersection of Route 168 and Fire Road in Egg Harbor Township, NJ. Opening is slated for Fall 2005. The center is anchored by Wal*Mart. Area demographics include a population of 222,085 within 10 miles earning $60,950 as the average household income. The center has outlots available of 2,000 sq.ft.; 2,900 sq.ft. and 3,000 sq.ft. The company also is preleasing Oxford Commons, a 400,000 sq.ft. center located at the intersection of Route 10 and Route 1 in Upper Oxford Township, PA. Opening is slated for Spring 2005. The center is anchored by Wal*Mart Supercenter, Peebles and a home improvement store. Cotenants include Fashion Bug, Shoe Show, Dollar Tree and Sally Beauty Supply. The site has an average daily traffic count of 22,000 vehicles. Area demographics include a population of 75,286 within 10 miles earning $73,928 as the average household income. For more information, contact Dennis Campbell, Wolfson-Verrichia Group, Inc., 120 West Germantown Pike, Suite 120, Plymouth Meeting, PA 19462; 610-277-8899, Fax 610-277-8880; Email: campbell@wvgroup.com.
Mall Properties, Inc. is developing the following centers: Northway Mall, a 140,000 sq.ft. center located in Colonie, NY. The center is adjacent to Target, Marshalls, Linens ‘n Things and Staples; Mercury Plaza, a 350,000 sq.ft. center located at the intersection of Interstate 64 and Mercury Boulevard in Hampton, VA. The center is adjacent to Bass Pro Shops; and Cortana Fringe, a 70,000 sq.ft. center located in Baton Rouge, LA. Anchors include Bed Bath & Beyond, Shoe Carnival, Wal*Mart Supercenter and Office Depot. For more information, contact Mall Properties, Inc., 654 Madison Avenue, New York, NY 10021; 212-935-1330, Fax 212-832-5369; Email: leasing@mallproperties.com.
Kimco Realty Corp. is developing Camden Square, an 85,000 sq.ft. center located at the intersection of Route 13 and Route 10 in Camden, DE. The center is situated on a land area of 9.6 acres and will be anchored by a 60,000 sq.ft. Giant Food store. Camden Square also will have an additional 17,900 sq.ft. of inline retail and two prominent outparcels fronting Route 13. Construction began in March and inline and outparcel pads are slated to open during the third and fourth quarters of this year. For more information, contact Scotty Sellman, Kimco Realty Corp., 170 West Ridgely Road, Suite 210, Lutherville, MD 21093; 410-684-2000, Fax 410-859-5685; Email: ssellman@kimcorealty.com.
CB Richard Ellis, Inc. is preleasing a 370,000 sq.ft. center located at the intersection of Interstate 15 Freeway and Limonite Avenue in Riverside County, CA. The center will be situated on a land area of 40 acres. Area retail includes The Home Depot, Vons and Ralph’s. For more information, contact Brian McDonald or Erik Westedt, CB Richard Ellis, Inc., 4141 Inland Empire Boulevard, Suite 100, Ontario, CA 91730; 909-418-2000, Fax 909-418-2100; Emails: brian.mcdonald@cbre.com and erik.westedt@cbre.com; Web site: www.cbre.com.
Niagara Falls Redevelopment, LLC has proposed the development of Fallsview Shoppes, a 250,000 sq.ft. center located at the intersection of John Daly Boulevard and Rainbow in Niagara Falls, NY. The center is adjacent to Seneca Niagara Casino and near Fallsville Splash Waterpark. Opening is slated for July 2005. The company is seeking partners and users to develop the site. For more information, contact Roger Trevino, Niagara Falls Redevelopment, LLC, 345 Third Street, Suite 404, Niagara Falls, NY 14303; 716-282-0001.\ Commercial Real Estate Services is preleasing Red Mill Commons, a 975,000 sq.ft. center located at the intersection of Nimmo Parkway and Upton Drive in Virginia Beach, VA. The center is anchored by Wal*Mart Supercenter, T.J. Maxx, Michaels and Pier 1 Imports. The site has an average daily traffic count of 33,076 vehicles. Area demographics include a population of 380,722 within 10 miles earning $67,919 as the average household income. The company also is preleasing Edinburgh Shopping Center, a 660,000 sq.ft. center located at the intersection of Chesapeake Expressway and Hillcrest Parkway in Chesapeake, VA with an average daily traffic count of 40,294 vehicles. Opening is slated for Fall 2005. Area demographics include a population of 191,620 within 10 miles earning $69,545 as the average household income. For more information, contact Commercial Real Estate Services, 1081 19th Street, Suite 202, Virginia Beach, VA 23451; 757-491-1990.
Carolina Holdings, Inc. is preleasing Providence Marketplace, a 650,000 sq.ft. center located at the intersection of Mt. Juliet Road and Belinda Parkway in Nashville, TN. The site has an average daily traffic count of 112,950 vehicles. The mixed-use development will include 3,200 residential units comprised of mostly single-family subdivisions and 800 multi-family units. Construction of Phase 1 is underway. The center also will include retail space, restaurants, motels, a movie theater and an office component. Area demographics include a population of 172,564 within 10 miles earning $68,914 as the average household income. For more information, contact Carolina Holdings, Inc., 300 North Main Street, Suite 402, Greenville, SC 29601; 800-763-8088; Email: bill.misiaveg@choldings.com; Web site: www.choldings.com.
Noddle Development Co. is redeveloping Broadmoor Towne Center North, a center located in Colorado Springs, CO. The center is located adjacent to Phase 1 of the center. The $15 million project razed 80,000 sq.ft. of the original 130,000 sq.ft. center and redeveloped 90,000 sq.ft. for a total 143,626 sq.ft. New tenants include Gordman’s, 24-Hour Fitness, Office Depot, Noodles & Co., Panera Bread, Corks Bottles & Brews, Par Avion, Sprint, Tan Your Hide, EB Games, Keva Juice and Qdoba Mexican Restaurant. For more information, contact Jeff Kirshenbaum, Noddle Development Co., 13710 FNB Parkway, Omaha, NE 68154; 800-365-1616, Fax 402-496-6250; Email: jeff@noddledev.com; Web site: www.noddledev.com.
MJ Partners is planning to develop a site in West Bucktown, IL. The building will feature a drive-thru. Area demographics include a population of 80,035 within one mile earning $53,608 as the average household income. For more information, contact Jeffrey L. Jacobson, MJ Partners, 150 South Wacker Drive, Suite 450, Chicago, IL 60606; 312-726-5800, Fax 312-726-2905.
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.
Kohl’s Plaza, a 200,000 sq.ft. center located on Transit Road in Lancaster, NY. Groundbreaking is expected this month, with opening slated for March 2005. The center is situated on a land area of 23 acres and has spaces available of 3,000 sq.ft. to 60,000 sq.ft., as well as outlots of 6,000 sq.ft.; 8,000 sq.ft. and 10,000 sq.ft. Asking rents range from $17 psf to $22 psf with CAM of $1.45 psf and taxes of $1.30 psf. The center is anchored by Kohl’s. Area retail includes Wegmans, Tops, Eckerd, Applebee’s and Wal*Mart. A The company also is preleasing a 24,000 sq.ft. center located on Niagara Falls Boulevard in Niagara Falls, NY. The center is situated on a land area of 1.73 acres and has spaces available of 2,000 sq.ft. to 24,000 sq.ft. Groundbreaking is expected during August, with opening slated for March 2005. Asking rents range from $12 psf to $15 psf with CAM of $0.85 psf and taxes of $2.05 psf. Area demographics include a population of 237,968 within 10 miles earning $56,887 as the average household income. For more information, contact Thomas Keller, Hunt Commercial Real Estate, 403 Main Street, Suite 730, Buffalo, NY 14203; 716-854-5943, Fax 716-854-7425; Email: tkeller@huntcommercial.com; Web site: www.huntcommercial.com.
Glimcher Realty Trust is developing Fairfield Village, a 50,000 sq.ft. center located in Fairfield, OH. The center is located behind Fairfield Commons. Fairfield Village will consist of two buildings, with an outdoor park area in the middle. Opening is slated for next year. The center is expected to have a mix of restaurants, retailers and service stores. For more information, contact Glimcher Realty Trust, 150 East Gay Street, Columbus OH 43215; 614-621-9000, Fax 614-621-9311.
Robertson Properties Group is planning to develop a 362,000 sq.ft. center located in the Midway area of Kent, WA on Pacific Highway. The center will be anchored by a 167,000 sq.ft. Lowe’s Home Improvement with a garden center. The project is planned to be developed on a land area of approximately 30 acres. The company also expects to start developing a mixed-use center on a 55-acre site in Auburn, WA. For more information, contact Karen Diehl, Robertston Properties Group, 120 North Robertston Boulevard, Los Angeles, CA 90048-3113.
HC Properties is preleasing Pueblo Crossings, a 200,000 sq.ft. center located at the intersection of Interstate 25 and Eden in Pueblo, CO. Opening is slated for Spring 2005. The center is anchored by Kohl’s, Famous Footwear and Bed Bath & Beyond and has spaces available of 1,000 sq.ft. to 25,000 sq.ft. For more information, contact Scott Hagan, HC Properties, 410 17th Street, Suite 1705, Denver, CO 80202; 303-571-0700, Fax 303-571-4651.
The Jaffe Corp. is planning to redevelop a center in Ormond Beach, FL into an old-world style Mediterranean village with upscale shops and restaurants. For more information, contact The Jaffe Corp., 300 North Nova Road, Ormond Beach, FL 32174; 386-673-3100.
Crosland, Inc. is planning to develop Poyner Place, a 564,143 sq.ft. center located at the intersection of Triangle Town Boulevard and Old Wake Forest Road in Raleigh, NC. The center is situated on a land area of 52 acres and has space available of 140,000 sq.ft. Opening is slated for the Summer. Anchors include Super Target, Ross Dress For Less, Pier 1 Imports and World Market. Asking rent is $25 psf. Area retail includes Triangle Town Center Mall. Area demographics include a population of 102,937 within five miles earning $75,119 as the average household income. The company also is developing Blakeney, a 450,000 sq.ft. center located at the intersection of Rea and Ardrey Kell Roads in Charlotte, NC. The center will be tenanted by restaurants, shops, a supermarket and other neighborhood services. Phase 1 will include a supermarket anchor, 50,000 sq.ft. of shops and several outparcels. Area demographics include a population of 83,845 within five miles earning $118,641 as the average household income. The company also is developing The Shops at Greenridge, a center located at the intersection of Interstate 65 and Interstate 365 in Greenville, SC. The center has space available of 75,000 sq.ft., as well as seven outlots. Opening is slated for July 2005. Asking rent is $25 psf with CAM of $2.90 psf. Area demographics include a population of 122,345 within five miles earning $57,301 as the average household income. The site has an average daily traffic count of 181,200 vehicles. Area retail includes Greenville Mall, Home Depot and Target. 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. For more information regarding Blakeney, contact Ryan Preston, Crosland, Inc., 227 West Trade Street, Suite 800, Charlotte, NC 28202; 704-561-5277, Fax 704-523-2946.
HSM Pacific Realty is preleasing Hazel Dell Town Center, a 397,811 sq.ft. center located at the intersection of Hazel Dell Avenue, 88th and 94th Streets in Vancouver, WA. The center has spaces available from 1,200 sq.ft. to 10,000 sq.ft. and is anchored by Target. Opening is slated for July 2004. For more information, contact Doug Magnusen or Michael Heerman, HSM Pacific Realty, 0612 SW Idaho Street, Suite 2, Portland, OR 97239; 503-245-1400, Fax 503-245-7032; Emails: dougm@hsmpacific.com and michael@hsmpacific.com; Web site: www.hsmpacific.com.
Regency Centers is developing Spokane Valley Plaza, a center located in Spokane, WA. The center is anchored by a recently expanded Wal*Mart Supercenter. The 384,657 sq.ft. center is located at the intersection of Sullivan Road and Broadway Avenue. The company’s development plans will accommodate 40,000 sq.ft. to 50,000 sq.ft. of new GLA. For more information, contact Regency Centers, 121 West Forsyth Street, Suite 200, Jacksonville, FL 32202; 904-598-7000, Fax 904-634-3242; Web site: www.regencycenter.com.
The Goodman Co. is developing the following centers: Jefferson Commons, a 500,000 sq.ft. center in Newport News, VA. Opening is slated for Spring 2005; Triangle Town Marketplace, a 350,000 sq.ft. center located in Raleigh, NC. Opening is slated for Spring 2005; Freedom Commerce Centre, a 600,000 sq.ft. center located in Jacksonville, FL. Opening is slated for Summer 2005; The Village at West Cobb, a 350,000 sq.ft. center located in Atlanta, GA. Opening is slated for Spring 2006; Foley Town Center, a 350,000 sq.ft. center located in Foley, AL. Opening is slated for Fall 2005; and Wiregrass Ranch, a 1.5 million sq.ft. center located in Tampa, FL. Phase 1 is slated to open Fall 2005, with Phase II expected to open during Fall 2006. For more information, contact Robert B. Saffran, The Goodman Co., Phillips Point, East Tower, 777 South Flagler Drive, Suite 1101, West Palm Beach, FL 33401; 561-833-3777, Fax 561-832-4833; Email: info@thegoodmancompany.com.
Crescent Resources, LLC is developing the following centers: Mint Hill Pavilion and University Commons in the Charlotte, NC area; Oaktie Center near Hilton Head, SC; Anderson Pavilion in Anderson, SC; The Shoppes at Little River near Myrtle Beach, SC; The Shoppes at Rivertowne in Mt. Pleasant, SC; The Shoppes at Bartram Park in Jacksonville, FL; The Greenway Shoppes in Sanford, FL; Phase II of The Shoppes at New Tampa in the Tampa, FL area; Phase II of Gateway Crossings in the Orlando, FL area; The Shops at Gateway Village in Franklin, TN and The Shoppes at Deerfoot in Trussville, AL. For more information, contact Kathryn Blanchard, Crescent Resources, LLC, 400 South Tryon Street, Suite 1300, Charlotte, NC 28202; 704-376-3434; Web sites: www.crescentretail.com; and www.crescent-resources.com.
Cousins Properties is planning to develop a Target-anchored power center at Hanover Square South on Bell Creek Road in Mechanicsville, VA. The company also plans to further develop Hanover Square South, which is currently anchored by The Home Depot and BJ’s Wholesale Club. Target Stores acquired 9.4 acres of the 29-acre parcel from Cousins and will build a 123,800 sq.ft. store slated to open during March 2005. The center also will feature an additional 180,000 sq.ft. of retail space along with two outparcel sites. Construction will begin this Spring with a projected November completion. For more information, contact Cousins Properties, 2500 Windy Ridge Parkway, Suite 1600, Atlanta, Georgia 30339; 770-955-2200, Fax 770-857-2363.
Land Capital Group, Inc. is preleasing Port Arthur Marketplace, a 12,000 sq.ft. center located at the intersection of State Highway 69 and FM 365 in Port Arthur, TX. Opening is slated Spring 2005. The center is anchored by Wal*Mart Supercenter, Lowe’s Home Improvement, Academy Sports and Office Depot and is cotenanted by Check N’ Go. Area retail includes Central Mall, Target, JCPenney and Sears. The company also is preleasing The Shoppes at Grapevine, a 154,460 sq.ft. center located at the intersection of Grapevine Mills Parkway and State Highway 121 in Grapevine, TX. Opening is slated for Summer 2005. Anchor spaces are available. Area retail includes Grapevine Hills Mall. The company also is preleasing Corsicana Marketplace, a 26,000 sq.ft. center located at the intersection of State Highway 31 and Nash Street in Corsicana, TX. Opening is slated for Spring 2005. The center is anchored by Wal*Mart Supercenter and is tenanted by Cato, Friedman’s Jewelers and GameStop. Area retail includes Lowe’s Home Improvement. The company also is preleasing Gateway Plaza, a 16,000 sq.ft. center located at the intersection of Interstate 10 and Yarbrough in El Paso, TX. Opening is slated for Summer 2005. The center is anchored by Wal*Mart Supercenter and is tenanted by Payless Shoe Source, Radio Shack, EB Games and Cash Store. Area retail includes Yarbrough Plaza, Ross and Sally Beauty. For more information, contact Tony Bowen, Land Capital Group, Inc., 3330 Earhart Drive, Suite 213, Carrollton, TX 75006; 972-661-8303, Fax 972-661-8301; Email: tbowen@landcapital.com.
Centerville Properties is preleasing Curran Commons, a 16,534 sq.ft. center located at the intersection of Route 120 and Curran Road in Round Lake, IL. The center will be situated on a land area of 5.5 acres and has spaces available of 1,200 sq.ft.; 1,500 sq.ft.; 2,000 sq.ft. and outlots of 24,457 sq.ft.; 54,114 sq.ft. and 57,176 sq.ft. Opening is slated for December. Asking rents range from $19 psf to $22 psf with CAM of $1.50 psf and taxes of $2.50 psf. The company also is preleasing Shoppes of Centerville, a 9,740 sq.ft. center located in Woodstock, IL. The center is situated on a land area of 52,000 sq.ft. and is slated to open during July. Spaces available include 1,500 sq.ft.; 3,000 sq.ft.; 4,000 sq.ft. and 52,500 sq.ft. Asking rent is $16 psf with CAM of $1.50 psf and taxes of $2.50 psf. Area demographics include a population of 129,385 within five miles earning $70,303 as the average household income. The company also is preleasing Milrand Retail Center, a 33,417 sq.ft. center located at the intersection of Randall and Miller Roads in Carpentersville, IL. The center is situated on a land area of 164,769 sq.ft. and has spaces available of 1,700 sq.ft.; 2,500 sq.ft. and 3,000 sq.ft. Opening is slated for June. Asking rent is $23 psf with CAM of $1.50 psf and taxes of $2.50 psf. For more information, contact Bob Wallen, Centerville Properties, 129 East Calhoun Street, Woodstock, IL 60098; 815-334-1335, Fax 815-334-1420; Web site: www.centerprop.com.
Casto Southeast is planning to develop Main Street at Lakewood Ranch, a 170,000 sq.ft. center located on Lakewood Road Boulevard in Sarasota, FL. Opening is slated for September 2005. The center is anchored by Morton’s Market and Fred’s Restaurant & Banquet Hall. Cotenants include Chico’s-Ritz-Serving Spoon, Sunglasses Express and Natural Discoveries. Asking rent is $25 psf with CAM of $2.80 psf and taxes of $2.25 psf. The company also is planning to develop a 60,000 sq.ft. Whole Foods Market at the intersection of 1st and Federal in Sarasota, FL. Cotenants in the center include Ashley Avery and Starbucks. Asking rent is $33 psf with CAM of $2.80 psf and taxes of $2.25 psf. For more information, contact Barbara Carnes, Casto Southeast, 401 North Cattleman Road, Suite 108; 941-552-2708, Fax 941-925-9562; Email: bcarnes@castosoutheast.com; Web site: www.castosoutheast.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 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. For more information, contact Michael Rue, Marketplace Properties, 221 Third Street, Admiral’s Gate, Newport, RI 02840; 401-846-1010, Fax 401-846-7737.
The Woodlands Operating Co., L.P. is developing Terramont Shopping Center located at the intersection of Terramont Drive and Branch Crossing Drive in The Woodlands, TX. The center will be anchored by a 210,000 sq.ft. custom-designed Wal*Mart Supercenter, which is slated to open during Spring 2005. Six pad sites for future tenants will also be part of the center. The 25-acre site will be surrounded by a 60-foot buffer along Woodlands Parkway and 50-foot forest buffers along FM 2978 and Branch Crossing Drive. The center is bordered by other parcels designated for commercial and mixed-use. Terramont also includes a site for a Conroe ISD flex school, offering kindergarten through sixth grade. Nearby, Terramont Park is being developed at the intersection of Branch Crossing Drive and Terramont Drive. The 16-acre village park will include a pavilion with a 40-foot terraced backdrop that could be used for seating during outdoor performances. For more information, contact Abby Lasaine, FKM Agency for The Woodlands, 713-867-3292 or 713-974-9133; Email: alasaine@fkmagency.com. Or contact, Kay Galindo or Conroe ISD at 936-709-7707 or Reverend Stephen Kanouse of ELCA at 214-637-6865 or 214-564-9996; Email: steve_kanouse@elca.org.
Pine Tree Commercial Realty is planning to develop 83,000 sq.ft. of retail space within the center of Raceway Plaza, a center located at the intersection of U.S. Highway 36 and Shiloh Road in Avon, IN. Construction is expected to begin during the Fall, with opening slated for the Summer of next year. The company is currently in pre-lease negotiations with a third big-box anchor and plans a mix of specialty retail shops for the remaining spaces. The site is located between the existing 165,000 sq.ft. Menard’s Home Improvement Store and a 230,000 sq.ft. Meijer’s Store. For more information, contact Tim Roe, Pine Tree Commercial Real Estate, 51 Sherwood Terrace, Suite C, Lake Bluff, IL 60044; 847-735-0600, Fax 847-735-0664; Email: troe@pinetreecommercial.com; Web site: www.pinetreecommercial.com.
Centerville Properties is preleasing Curran Commons, a 16,534 sq.ft. center located at the intersection of Route 120 and Curran Road in Round Lake, IL. The center will be situated on a land area of 5.5 acres and has spaces available of 1,200 sq.ft.; 1,500 sq.ft.; 2,000 sq.ft. and outlots of 24,457 sq.ft.; 54,114 sq.ft. and 57,176 sq.ft. Opening is slated for December. Asking rents range from $19 psf to $22 psf with CAM of $1.50 psf and taxes of $2.50 psf. The company also is preleasing Shoppes of Centerville, a 9,740 sq.ft. center located in Woodstock, IL. The center is slated to open during July. Spaces available include 1,500 sq.ft.; 3,000 sq.ft.; 4,000 sq.ft. and 52,500 sq.ft. Asking rent is $16 psf with CAM of $1.50 psf and taxes of $2.50 psf. The company also is preleasing Milrand Retail Center, a 33,417 sq.ft. center located at the intersection of Randall and Miller Roads in Carpentersville, IL. The center has spaces available of 1,700 sq.ft.; 2,500 sq.ft. and 3,000 sq.ft. Opening is slated for June. Asking rent is $23 psf with CAM of $1.50 psf and taxes of $2.50 psf. For more information, contact Bob Wallen, Centerville Properties, 129 East Calhoun Street, Woodstock, IL 60098; 815-334-1335, Fax 815-334-1420; Web site: www.centerprop.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. Construction is beginning this month, with opening 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., as well as four outlots of two acres to 7.5 acres. 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.
Sonex Properties, Inc. is preleasing Presidents Plaza, a 13,000 sq.ft. center located at the intersection of Highway 41 and 165th Street. Opening is slated for July. The center will be anchored by Dollar & Up and has spaces available of 850 sq.ft.; 1,100 sq.ft. and 1,500 sq.ft. For more information, contact Rob Xenos, Sonex Properties, Inc., 2045 West Grand Avenue, Suite 200, Chicago, IL 60612; 312-421-1200, Fax 312-421-7407.
Chase Properties, Ltd. is preleasing Festival Commons, a 33,000 sq.ft. center located at the intersection of U.S. 6 and Progress Drive West in Kendallville, IN. The center is situated on a land area of 10 acres and has two outlots of one acre available, as well as an outlot of two acres. Opening is slated for the first quarter of 2005. Area retail includes Wal*Mart Supercenter. Area demographics include a population of 15,990 within five miles earning $48,667 as the average household income. The company also is preleasing a center located on Highway M-53 in Bad Axe, MI. The center will be situated on a land area of 30 acres, will include 23,000 sq.ft. of retail space and a 109,000 sq.ft. anchor. The center has four outlots available of 2.04 acres. Area retail includes a Wal*Mart Supercenter. Area demographics include a population of 6,534 within five miles earning $50,021 as the average household income. For more information, contact Matt Wilson, Chase Properties, Ltd., 25825 Science Park Drive, Suite 355, Beachwood, OH 44122; 216-464-6626, Fax 216-464-6346; Email: mwilson@chaseprop.com; Web site: www.chaseprop.com. |