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New Construction
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New Construction The Hankin Group is preleasing Weatherstone, a 240,000 sq.ft. center located at the intersection of Route 100 and Route 401 in Chester Springs, PA. The center is situated on a land area of 300 acres and is anchored by a supermarket. Asking rent is $18.50 psf with CAM of $4 psf and taxes of $2 psf. Area demographics include a population of 29,204 within five miles earning $125,269 as the average household income. For more information, contact Stacy Martin, The Hankin Group, 707 Eagleview Boulevard, Exton, PA 19341; 610-458-1900, Fax 610-458-0764; Email: stacy.martin@hankingroup.com; Web site: www.hankingroup.com.
Lafayette Capital Group is preleasing County Line Center, an 18,000 sq.ft. center located at the intersection of Danbury Road and Aldrich Road in New Milford, CT with an average daily traffic count of 28,000 vehicles. Opening is slated for the spring. The center is situated on a land area of 15 acres. Area retail includes Home Depot, Staples, Wal*Mart, T.J. Maxx and Costco. Market rent is $14 psf. Area demographics include a population of 89,634 within seven miles earning $106,841 as the average household income. For more information, contact Lafayette Capital Group, PO Box 1077, New Milford, CT 06776; 917-656-9166, Fax 203-740-7476; Email: lafayette@rcn.com.
Hancock Group is preleasing a site located at the intersection of Pumping Station Road and Route 309 in Quakertown, PA. The site will be situated on a land area of 15 acres. Area demographics include a population of 40,310 within five miles earning $63,710 as the average household income. Area retail includes Giant Supermarket, Wal*Mart, Acme, Staples, Jo-Ann, Sears, Kohl’s, Michaels, Kmart, Ashley Furniture and Redner’s Warehouse Market. For more information, contact Hancock Group, 730 East Elm Street, Suite 400, Conshohocken, PA 19428; 484-351-4000, Fax 484-351-4001.
EIR Development Co., LLC is developing Carolina Park, a 950,000 sq.ft. center located at the intersection of U.S. Route 17 and Airport Road in Mt. Pleasant, SC. Opening is slated for fall 2006. The site has an average daily traffic count of 40,500 vehicles. Area demographics include a population of 67,334 within 10 miles earning $82,068 as the average household income. For more information, contact Tom Parker, EIR Development Co., LLC, 12165 Darnestown Road, North Potomac, MD 20878-2205; 301-987-7115, Fax 240-683-4762; Email: tparker@eirdevco.com; Web site: www.carolinapark.com.
Jaime M. Weiss Realty Co. is preleasing Decatur Commerce Park, a center located off State Road 48 in Decatur, IL. The site has an average daily traffic count of 20,000 vehicles. The center has space available of 350,000 sq.ft. Area retail includes Target, Sears, Wal*Mart, Sam’s Club, Kmart and Hickory Point Mall. Opening is slated for spring 2007. For more information, contact Jaime M. Weiss, Jaime M. Weiss Realty Co., 250 Moonachie Road, Moonachie, NJ 07074; 201-814-1800, Fax 201-814-1811.
Newmarket Advisors is preleasing Shadow Mountain Marketplace, a 364,000 sq.ft. center located at the intersection of Beltway and North Decatur Boulevard located in Las Vegas, NV. The center will be anchored by a 148,000 sq.ft. Costco, and will include two freestanding full-service restaurants, one fast food restaurant, a bank pad site and seven big box retail spaces ranging from 10,000 sq.ft. to 35,000 sq.ft. Costco is slated to open by September, while the rest of the stores are expected to open by the first quarter of next year. For more information, contact Kevin Marsh, Newmarket Advisors, 2970 West Sahara Avenue, Suite 100, Las Vegas, NV 89102; 702-280-5767, Fax 702-221-2504; Web site: www.newmarketadvisors.com.
Brant Co. is preleasing Monee Market Center, a 50,000 sq.ft. center located at the intersection of Will/Center Road and Crete-Monee Road in Monee, IL. Opening is slated for next spring. The center will have outlots available of 30,000 sq.ft. and will be anchored by Seehausen Fresh Markets. Asking rent is $16.50 psf. Area demographics include a population of 9,570 within five miles earning $65,429 as the average household income. The center is situated on a land area of eight acres. For more information, contact Jeff Brant, Brant Co., 1947 Woodlawn Avenue, Griffith, IN 46319; 219-838-2300, Fax 219-838-5218; Email: jbrant@brantco.com; Web site: www.brantco.com.
The Shopping Center Group is preleasing Miracle Plaza, a 250,000 sq.ft. center located at the intersection of Coral Way and SW 32nd Avenue in Coral Gables, FL. The site has an average daily traffic count of 31,500 vehicles. Opening is slated for May 2006. The center will be anchored by Bed Bath & Beyond, PetsMart, DSW and Bally’s. Area retail includes Winn-Dixie, Sears, Barnes & Noble and Ross Dress For Less. Area demographics include a population of 467,916 as the average household income. For more information, contact Laurie Rotner, The Shopping Center Group, 5201 Blue Lagoon Drive, Suite 550, Miami, FL 33126; 305-262-8877, Fax 305-262-7180.
Resort Properties Group is preleasing Windmill Plaza, a center located in Las Vegas, NV. Opening is slated for the third quarter of this year. Tenants will include Quarters N’Awlins Bar and Grill, Purrfect Auto and Foxy Nails & Spa. For more information, contact Sarah Starr Smith, Resort Properties Group, 450 Fremont Street, Suite 310, Las Vegas, NV 89101; 702-579-4890, Fax 702-312-3239; Email: sarah_smith@resortpropertiesgroup.com.
Nassimi Realty Corp. is preleasing a 180,000 sq.ft. center located on State Highway 30 in Amsterdam, NY. The site has anchor space and pad sites available. Area retail includes Wal*Mart, Home Depot, Lowe’s Home Improvement, Price Chopper, Hannaford’s, Eckerd, Sears Hardware and Big Lots. Area demographics include a population of 39,528 within seven miles earning $45,241 as the average household income. The company also is preleasing a center located at the intersection of Schoolhouse Road and Elizabeth Avenue in Somerset, NJ. The planned center will have spaces available of 60,000 sq.ft. to 80,000 sq.ft. and will be situated on a land area of 11 acres. There are pad sites and anchor spaces available. Area demographics include a population of 152,690 within five miles earning $81,145 as the average household income. For more information, contact Warren Shein or Oliver Nassimi, Nassimi Realty Corp., 370 7th Avenue, Suite 1700, New York, NY 10001; 212-643-8080, Fax 212-643-2626; Emails: warren@nassimirealty.com and oliver@nassimirealty.com; Web site: www.nassimirealty.com
Goodman Real Estate Services Group, LLC is preleasing Lancaster Town Center, a 450,000 sq.ft. center located at the intersection of Ely Road and State Route 33 in Lancaster, OH. The center will be situated on a land area of 76 acres and will be anchored by Wal*Mart Supercenter. Opening is slated for spring 2006. The company also is preleasing River Valley Towne Center, a 350,000 sq.ft. center located at the intersection of Interstate 70 and U.S. Highway 40 in St. Clairsville, OH. Opening is slated for spring 2006. The center has spaces available of 24,000 sq.ft.; 30,000 sq.ft. and 124,000 sq.ft., as well as an outlot of three acres. Area demographics include a population of 18,108 within five miles earning $45,237 as the average household income. 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.
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