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New Construction
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New Construction Vita & Vita Realty Corp. is preleasing Campus Plaza, a 51,077 sq.ft. center located at the intersection of U.S. Route 10 and Dover-Chester Road in Randolph, NJ. The center is situated on a land area of nine acres. Opening is slated for the summer. The center will be anchored by CVS Pharmacy, Randolph Medical Arts and Bank 9 Stores. Area demographics include a population of 108,000 within five miles earning $110,000 as the average household income. For more information, contact Tony Vita, Vita & Vita Realty Corp., 277 Fairfield Road, Fairfield, NJ 07004; 973-227-5233; Web site: www.vitarealty.com.
Talon Development Group, Inc. is developing a 160,000 sq.ft. center located at the intersection of Highland Road and Clark Road in Hartland Township, MI. The center is situated on a land area of 16 acres and has spaces available of 1,000 sq.ft. to 65,000 sq.ft. Opening is slated for next year. Area demographics include a population of 133,315 within 10 miles earning $92,960 as the average household income. The site has an average daily traffic count of 71,750 vehicles. For more information, contact Cathy Wilson, Talon Development Group, Inc., 550 Hulet Drive, Suite 103, Bloomfield Hills, MI 48302; 248-334-1950, Fax 248-334-1915; Email: cwilson@talondev.com; Web site: www.talondev.com.
Rotella Toroyan Clinton Group is preleasing Spanish River Retail, a center located at the intersection of Federal Highway and Spanish River in Boca Raton, FL. Area retail includes Publix. Area demographics include a population of 556,910 within 10 miles earning $77,698 as the average household income. The center has four spaces available of 1,333 sq.ft. For more information, contact Steve Miller, Rotella Toroyan Clinton Group, 3300 North Federal Highway, Suite 200, Fort Lauderdale, FL 33306; 954-568-9015, Fax 954-568-9597.
Denny Elwell Co. is preleasing Grand Pointe, a 19,000 sq.ft. center located on Delaware Avenue in Ankeny, IA. The center is anchored by Starbucks and U.S. Cellular and is tenanted by Cost Cutters. Opening is slated for the summer. The center has spaces available of 700 sq.ft.; 2,093 sq.ft. and 7,100 sq.ft. Area demographics include a population of 257,000 within 10 miles earning $58,000 as the average household income. Area retail includes Super Target, Kohl’s, T.J. Maxx and Pier 1 Imports. Asking rents range from $20 psf to $25 psf with CAM of $2.30 psf. For more information, contact Barbara Hokel, Denny Elwell Co., PO Box 187, Ankeny, IA 50021; 515-964-1587, Fax 515-964-8749; Email bhokel@ccim.net; Web site: www.dennyelwellcompany.com.
Jos. Cacciatore & Co. Real Estate is preleasing Mokena Circle, a center located at the intersection of 199th Street, LaGrange Road, Roosevelt Road and Beloit Road in Mokena, IL. The center is situated on a land area of 9.08 acres. The center has spaces available. Opening is slated for November. The company also is preleasing Westchester Plaza, a center located at the intersection of Cermak Road and Wolf Road in Westchester, IL. The center is situated on a land area of 2.19 acres and has spaces available of 2,406 sq.ft. and 2,884 sq.ft. Opening is slated for August. Tenants include Panera Bread, Bank One and Ponchero’s Mexican Grill. Asking rents range from $32 psf to $40 psf with CAM of $6 psf to $8 psf. For more information, contact Peter Cacciatore, Jos. Cacciatore & Co. Real Estate, 527 South Wells Street, Suite 700, Chicago, IL 60607; 312-987-1900 Ext. 6027, Fax 312-987-4604; Email: pcacciatore@jos-cacciatore.com; Web site: www.jos-cacciatore.com.
Keller Williams Realty Professional Partners is preleasing Central Marketplace, a 62,200 sq.ft. center located at the intersection of Van Buren and Central Avenue in Goodyear, AZ with an average daily traffic count of 36,000 vehicles. The center has space available of 13,000 sq.ft., as well as outlots of 35,000 sq.ft. and 27,000 sq.ft. Opening is slated for June. The center is anchored by 99 Cents Only and is tenanted by Eatza Pizza, Teaching Stuff and a nail salon. Area demographics include a population of 69,876 within five miles earning $54,234 as the average household income. Area retail includes Home Depot, Sam’s Club, Walgreens and Ashley. Asking rent is $12 psf with CAM of $3.50 psf. For more information, contact Jenette Bennett, Keller Williams Realty Professional Partners, 250 North Litchfield, Suite 260, Goodyear, AZ 85338; 602-703-3133, Fax 623-882-8008; Email: bennett@westvalleycommercial.com; Web site: www.westvalleycommercial.com.
Investment Concepts, Inc. is preleasing College Square, a 105,397 sq.ft. center located at the intersection of State College Boulevard and Chapman Avenue in Fullerton, CA. The site has an average daily traffic count of 63,000 vehicles. Opening is slated for July. The center has space available and is anchored by Office Depot, Smart & Final and Drug Emporium. Cotenants include Burger King, KFC and Downey Savings. Area demographics include a population of 455,351 within five miles earning $78,889 as the average household income. For more information, contact Grace Imamura, Investment Concepts, Inc., 1667 East Lincoln Avenue, Orange, CA 92865; 714-283-5800, Fax 714-637-6015; Email: gimamura@aol.com.
Lisco Development, Inc. is developing Riverside Village Shopping Center, a 35,669 sq.ft. center located in Riverside, RI. Opening is slated for April. The center is situated on a land area of 8.84 acres and has spaces available of 1,140 sq.ft. and 1,436 sq.ft. Anchors include Brooks Pharmacy, Haxton’s Liquors and Citizens Bank. Area demographics include a population of 170,287 within five miles earning $59,771 as the average household income. Asking rent is $15 psf with CAM of $3 psf. For more information, contact Carolyn Kelly, Lisco Development, Inc., 12 Bassett Street, Providence, RI 02903; 401-621-4007, Fax 401-421-7955; Email: ckelly@liscodevelopment.com.
Daibes Enterprises is redeveloping Veteran’s Square at Lyndhurst Town Center, a 250,000 sq.ft. center located on New York Avenue in Lyndhurst, NJ. The center will have spaces available of 2,000 sq.ft. to 53,313 sq.ft. and is currently anchored by ShopRite. Area demographics include a population of 548,236 within five miles earning $68,915 as the average household income. The property is located adjacent to the New Jersey Transit Lyndhurst Train Station. For more information, contact Thomas Kornitzer, Daibes Enterprises, 1000 Portside Drive, Edgewater, NJ 07020; 201-840-0050 Ext. 260, Fax 201-313-9044; Email: tkornitzer@daibes.com.
Goodman Real Estate Services Group, LLC is preleasing a 20,000 sq.ft. center located at the intersection of Interstate 271 and State Route 82 in Macedonia, OH. Opening is slated for the fall. Area retail includes Macedonia Commons and Crossings at Golden Link. For more information, contact Anne Santora, Goodman Real Estate Services Group, LLC, 25333 Cedar Road, Suite 305, Lyndhurst, OH 44124; 216-381-8200, Fax 216-381-8211; Email: anne@goodmanrealestate.com; Web site: www.goodmanrealestate.com.
Thalhimer/Cushman & Wakefield is preleasing Hanbury Village, a 176,000 sq.ft. center located at the intersection of Hanbury Road and Route 168 Bypass in Chesapeake, VA. The center will be anchored by a 48,756 sq.ft. Harris Teeter and will also comprise small shops and box retailers up to 48,000 sq.ft. Six outparcels, ranging from one acre to 1.8 acres, will be available. Opening is slated for the summer 2006. For more information, contact Ed Kimple or David Machupa, Thalhimer/Cushman & Wakefield, Westmoreland Building, 5700 Cleveland Street, Suite 400, Virginia Beach, VA 23462; 757-499-2900, Fax 757-499-1265; Web site: www.thalhimer.com.
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