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New Construction
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New Construction The Retail Connection is preleasing a center located at the intersection of Dallas North Tollway and U.S. 380 in Frisco, TX. Area demographics include a population of 155,447 within 10 miles earning $101,229 as the average household income. The company also is preleasing a 900,000 sq.ft. center located at the intersection of Interstate 20 and Matlock in Arlington, TX with an average daily traffic count of 261,599 vehicles. Opening is slated for the second quarter of 2006. Area demographics include a population of 303,334 within five miles earning $108,220 as the average household income. The company also is preleasing Preston Creek Shopping Center, a center located at the intersection of McDermott Drive and Preston Road in Plano, TX. Opening is slated for the fourth quarter of 2005. The site has an average daily traffic count of 42,000 vehicles. Area demographics include a population of 229,677 within five miles earning $115,736 as the average household income. For more information, contact Terry Syler or David Sacher, The Retail Connection, 2525 McKinnon Street, Suite 700, Dallas, TX 75201; 214-572-0777, Fax 214-572-0009; Emails: tsyler@theretailconnection.net and dsacher@theretailconnection.net; Web site: www.theretailconnection.net.
Opus South Corp. is developing The Shoppes of Gulf Coast, a 221,570 sq.ft. center located at the intersection of Interstate 75 and Alico Road in Fort Myers, FL. The center is situated on a land area of 29.5 acres. Opening is slated for next year. Area demographics include a population of 184,205 within 10 miles earning $69,817 as the average household income. The site has an average daily traffic count of 64,500 vehicles. For more information, contact Lynn Dehlinger, Opus South Corp., 225 NE Mizner Boulevard, Suite 675, Boca Raton, FL 33432; 561-544-3700, Fax 561-544-3701; Email: lynn.dehlinger@opussouth.com; Web site: www.opuscorp.com.
Commercial Retail Advisors, LLC is preleasing Safeway Sahuarita Center located at the intersection of La Canada and Duval Mine Road in Sahuarita, AZ. Opening is slated for the first quarter of next year. The site has an average daily traffic count of 28,200 vehicles. Area demographics include a population of 30,872 within 10 miles earning $55,025 as the average household income. Asking rents range from $24 psf to $28 psf with CAM of $4.50 psf. For more information, contact Linda Montani, Commercial Retail Advisors, LLC, 4811 East Grant Road, Suite 262, Tucson, AZ 85712; 520-290-3200, Fax 520-751-7465; Email: lmontani@cradvisorsllc.com; Web site: www.cradvisorsllc.com.
Commerce Commercial Real Estate Services is preleasing a mixed-use center located on 9400 South 100 East in Sandy, UT. Opening is slated for Spring 2006. The center is anchored by Wal*Mart Supercenter and Lowe’s Home Improvement. Area demographics include a population of 256,731 within five miles earning $78,229 as the average household income. For more information, contact Chad Moore, Commerce Commercial Real Estate Services, 175 East 400 South, Suite 700, Salt Lake City, UT 84111; 801-303-5457; Email: cmoore@commercecrg.com; Web site: www.commercecrg.com.
Excel Realty Holdings, LLC is preleasing Fountain Marketplace, an 859,000 sq.ft. center located at the intersection of Highway 85 and Mesa Ridge Parkway in Fountain, CO. The center is situated on a land area of 116 acres. Opening is slated for Fall 2008. Area demographics include a population of 237,589 within 10 miles earning $53,319 as the average household income. For more information, contact Excel Realty Holdings, LLC, 17140 Bernardo Center Drive, Suite 310, San Diego, CA 92128; 858-613-1800.
W.M. Grace Development Co. is developing Bashas’ Plaza, a 180,000 sq.ft. center located at the intersection of Power and Chandler Heights Road in Queen Creek, AZ. The site has an average daily traffic count of 24,000 vehicles. Area demographics include a population of 20,000 within three miles earning $63,000 as the average household income. 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: wmgraceco@msn.com.
New Markets, LLC is preleasing Edmond Town Center, a 186,000 sq.ft. center located at the intersection of Owens and H Streets in Las Vegas, NV. Opening is slated for the Fall. Area demographics include a population of 175,000 within three miles. For more information, contact Frank White, New Markets, LLC, 16606 Harbour Town Drive, Silver Spring, MD 20905; 877-476-9801, Fax 301-476-9842; Email: frankwhite@newmarketsllc.com.
Finard & Co. is preleasing Quarry Place, a 215,000 sq.ft. center located on Fortune Boulevard in Milford, MA. Area retail includes Lowe’s Home Improvement and Sports Authority. For more information, contact Nick Herz or Don Mace, Finard & Co., One Burlington Woods Drive, Burlington, MA 01803; 781-418-6205, Fax 781-418-6243; Email: nherz@finard.com and dmace@finard.com; Web site: www.finard.com.
Garden Commercial Properties is developing Linpark Square, a 277,577 sq.ft. center located at the intersection of U.S. Route 1 & 9 and Park Avenue in Linden, NJ. The center will be anchored by Sam’s Club. Area demographics include a population of 1,012,096 within seven miles earning $69,056 as the average household income. The company also is developing Flemington Shopping Plaza, a 153,000 sq.ft. center located on the Flemington Circle in Flemington, NJ. Area demographics include a population of 50,790 within seven miles earning $122,778 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.
The Schultz Organization is redeveloping a 175,000 sq.ft. center located at the intersection of U.S. Highway 130 and Renaissance Boulevard North in North Brunswick, NJ. The center is situated on a land area of 19 acres. Area demographics include a population of 204,530 within five miles earning $79,176 as the average household income. For more information, contact Steven Winters or Ira Kerner, The Schultz Organization, 900 Route 9 North, Suite 301, Woodbridge, NJ 07095; 732-855-0001, Fax 732-855-0034; Emails: swinters@schultznet.com and ikerner@schultznet.com.
Steiner & Associates is preleasing The Peninsula, a one million sq.ft., mixed-use redevelopment located in Hampton, VA. The space was formerly Coliseum Mall. The center will be anchored by Hecht’s, Barnes & Noble and JCPenney. Area demographics include a population of 241,999 within a 10-minute drive earning $48,856 as the average household income. Opening is slated for Fall 2007. For more information, contact Steiner & Associates, 4016 Townsfair Way, Suite 201, Columbus, OH 43219; 614-414-7300, Fax 614-414-7311; Web site: www.steiner.com.
Developers Diversified Realty is developing Norwood Plaza, a 107,015 sq.ft. center located at the intersection of Route 1 and Deane Street in Norwood, MA. Area demographics include a population of 114,557 within five miles earning $100,804 as the average household income. For more information, contact Developers Diversified Realty, 3300 Enterprise Parkway, Beachwood, OH 44122; 216-755-5500, Fax 216-755-1500; Web site: www.ddr.com. |