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New Construction Evergreen Commercial is preleasing a 13,000 sq.ft. center located at the intersection of Monroe and Main in Passaic, NJ. Area retail includes KFC and McDonald’s. Opening is slated for this month. The company also is preleasing Pennsauken Plaza, a 32,000 sq.ft. center located in Pennsauken, NJ. Construction is expected to begin during Spring 2006. The center is anchored by Supremo Supermarket. Area demographics include a population of 416,000 within five miles. For more information, contact Doug Balduini, Evergreen Commercial, 1037 Route 46 East, Suite 204, Clifton, NJ 07013; 973-470-9304, Fax 973-420-9821.
Coldwell Banker Commercial Mountain West Real Estate, LLC is preleasing SunnyLand Center, a center located at the intersection of Lancaster and Sunnyside in Salem, OR. The center is situated on a land area of 1.57 acres. Opening is slated for January 2006. Area demographics include a population of 174,329 within five miles earning $43,208 as the average household income. The center has spaces available of 1,045 sq.ft. to 15,000 sq.ft. The site has an average daily traffic count of 31,400 vehicles. For more information, contact Mike Mosar, Coldwell Banker Commercial Mountain West Real Estate, LLC, 698 12th Street, Suite 100, Salem, OR 97301; 503-373-3101, Fax 503-588-3514.
Fameco Real Estate is preleasing Medford Crossings North and South, a proposed 600,000 sq.ft. center located at the intersection of Route 70 and Eayrestown Road in Medford, NJ with an average daily traffic count of 21,000 vehicles. The center will be anchored by Target and a home improvement center. Opening is slated for late next year or early 2007. Area demographics include a population of 159,128 within seven miles earning $78,107 as the average household income. Medford Crossings North will be constructed on approximately 103 acres and will consist of 210 senior housing units, 70 single family homes and 246,000 sq.ft. of retail space. Medford Crossings South will be situated on a land area of 178 acres. The multi-use project will include 204 townhouses, 84 single family homes, 120 apartments, 60 affordable housing units and 374,000 sq.ft. of retail space and a new Medford Township Municipal building. The company also is preleasing Heritage Square Shopping Center, a 190,000 sq.ft. center located on Route 1 in South Brunswick, NJ. The center will be anchored by Target, PetsMart and Staples. Area demographics include a population of 175,972 within seven miles earning $89,905 as the average household income. For more information, contact Fameco Real Estate, 15East Ridge Pike, Suite 100, Conshohocken, PA 19428; 610-834-8000, Fax 610-834-1793.
Levin Management Corp. is preleasing Market Hall, a building located at the Princeton Forrestal Village in Plainsboro, NJ. The company is converting the hall to include CAN DO fitness center and Koi Spa. The tenants are slated to open during Spring 2006. Area demographics include a population of 102,012 within five miles earning $146,230 as the average household income. For more information, contact Stan Bernstein or Ethan Goldsmith, Levin Management Corp., 800-488-0768 Ext. 296/283.
Edgewood Properties is preleasing the following sites throughout NJ: Towne Place at Garden State Park, a 530,000 sq.ft. center, and Market Place at Garden State Park, a 230,000 sq.ft. center, located at the intersection of Route 70 and Haddonfield Road in Cherry Hill; Somerville Town Center, a 130,000 sq.ft. center located in Somerville; Jersey Avenue Plaza, a 105,000 sq.ft. center located in New Brunswick; a 500,000 sq.ft. site in Phillipsburg; and Parkway 70 Plaza, a 300,000 sq.ft. center located in Brick. For more information, contact Edgewood Properties, 1260 Stelton Road, Piscataway, NJ; 732-985-1900, Fax 732-985-5588; Web site: www.edgewoodprop.com.
Metro Homes, LLC is developing Liberty Harbor North, a 7.5 million sq.ft. mixed-use project combining residential, retail and office space at the intersection of Grand Street and Luis Marin Boulevard in Jersey City, NJ. Gulls Cove, part of the development, will consist of 450 upscale residential/condo units with 40,000 sq.ft. of street-level retail fronting the light rail space. The center has spaces available of 1,200 sq.ft. to 10,000 sq.ft. For more information, contact Metro Homes, LLC, 70 Adams Street, Hoboken, NJ 07030; 201-633-8100, Fax 201-633-8200; Email: info@metrohomesllc.com; Web site: www.metrohomesllc.com.
Faison is developing Settlers Landing, a 625,000 sq.ft. center located at the intersection of Parkway West and Settlers Cabin Interchange in Pittsburgh, PA. Opening is slated for Fall 2007 or Spring 2008. The center is situated on a land area of 75 acres and has four outlots available of 2,500 sq.ft. to 7,500 sq.ft. The center will be anchored by a department store, movie theater, bookstore, home fashion store, restaurants and lifestyle specialty shops. Area demographics include a population of 489,459 within 10 miles. For more information, contact Drew Gorman, Faison, 7920 Norfolk Avenue, Suite 800, Bethesda, MD 20814; 240-497-0523, Fax 301-986-1123; Email: drew.gorman@faison.com.
Acadia Realty Trust is developing Fordham Place, a 117,955 sq.ft. center located at the intersection of East Fordham Road and Webster Avenue in the Bronx, NY. The center has spaces available of 1,000 sq.ft. to 32,000 sq.ft. Opening is slated for 2008. Area demographics include a population of 651,500 within two miles earning $37,631 as the average household income. Area retail includes Gap, Jimmy Jazz, Dr. Jays, Payless Shoes, A.J. Wright and PC Richards. The company also is developing Sherman Plaza, a 50,000 sq.ft. center located at the intersection of Broadway and Elwood Street in New York, NY. Opening is slated for May 2008. Area demographics include a population of 139,935 within one mile. The company also is developing Pelham Manor, a 270,209 sq.ft. center located on Boston Post Road in Pelham, NY. The center is situated on a land area of 16 acres and has spaces available of 1,500 sq.ft. to 40,000 sq.ft. Opening is slated for May 2007. Area demographics include a population of 400,119 within three miles earning $59,780 as the average household income. The company also is preleasing Canarsie Plaza, a 163,325 sq.ft. center located at the intersection of Remsen Avenue, Avenue D and Foster Avenue in Brooklyn, NY. The center has spaces available of 1,200 sq.ft. to 14,000 sq.ft. Opening is slated for Summer 2007. Area demographics include a population of 457,908 within two miles earning $36,564 as the average household income. For more information, contact Paul Monaco, Acadia Realty Trust, 1311 Mamaroneck Avenue, Suite 260, White Plains, NY 10605; 914-288-8135, Fax 914-428-3528; Email: pmonaco@acadiarealty.com; Web site: www.acadiarealty.com.
Vita & Vita Realty Corp. is preleasing Campus Plaza, a 51,477 sq.ft. center located at the intersection of U.S. Route 10 and Dover-Chester Road in Randolph, NJ. The center has spaces available of 1,500 sq.ft. to 9,900 sq.ft., as well as an outlot of 3,360 sq.ft. Opening is slated for Spring 2006. Area demographics include a population of 108,000 within five miles earning $110,000 as the average household income. The company also is preleasing Plaza 46, a 10,000 sq.ft. center located on U.S. Route 46 East in Fairfield, NJ. Opening is slated for early next year. The center is situated on a land area of one acre and has spaces available of 3,300 sq.ft. to 10,000 sq.ft. Area demographics include a population of 156,000 within five miles earning $91,000 as the average household income. The site has an average daily traffic count of 80,000 vehicles. Area retail includes Target, Levitz and Fortunoff. For more information, contact Anthony Vita, Vita & Vita Realty Corp., 277 Fairfield Road, Fairfield, NJ 07004; 973-227-5233.
Ocean Pines Realty is preleasing a 125,000 sq.ft. center located on MD Route 13, just north of the Salisbury/Delmar, MD line. For more information, contact Ann Holtz, Ocean Pines Realty, 11021 Nicholas Lane, Suite 9, Ocean Pines, MD 21811; 410-208-3234.
Realty Link, LLC is preleasing Taylors Retail Center, an 8,480 sq.ft. center located on Wade Hampton Boulevard in Taylors, SC. The center is situated on a land area of one acre and has spaces available of 1,200 sq.ft. to 3,600 sq.ft. Anchors include Radio Shack. Area retail includes Wal*Mart Supercenter. Area demographics include a population of 118,359 within five miles earning $67,104 as the average household income. For more information, contact Towers Rice, Realty Link, LLC, 14 South Main Street, Greenville, SC 29601; 864-242-4008 Ext. 20, Fax 864-232-0160; Email: trice@linkproperties.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. For more information, contact Garden Commercial Properties, 820 Morris Turnpike, Short Hills, NJ 07078; 973-467-5000 Ext. 200; Web site: www.gardencommercial.com.
Breslin Realty Development is developing the following sites: a 200,000 sq.ft. located on Route 208 at Exit 5 on Interstate 84 in Montgomery, NJ. The center will be situated on a land area of 20 acres. Area demographics include a population of 202,749 within five miles earning $57,800 as the average household income. The center will be anchored by CVS; A center situated on a land area of 43 acres on the west side of Routes 7 and 202 at Veteran’s Bridge in New Milford, CT. Area demographics include a population of 99,888 within 10 miles earning $101,903 as the average household income. Area retail includes Wal*Mart, Stop & Shop, Big Y, Staples and Home Depot; Liberty Crossing Regional Shopping Center, a 509,477 sq.ft. center located at the intersection of Interstate 95 and Route 2 in Stonington, CT. The center is situated on a land area of 66 acres. Area demographics include a population of 214,337 within 15 miles earning $66,317 as the average household income; Big Y Plaza, a center located at the intersection of Stony Hill Road and Old Hawleyville Road in Bethel, CT. The center is situated on a land area of 16 acres. Area demographics include a population of 209,687 within 10 miles earning $103,586 as the average household income. Area retail includes Target; and a seven-acre retail development site located at the intersection of Jericho Turnpike and Dix Hills Road in Dix Hills, NY. The site has an average daily traffic count of 33,400 vehicles. Area demographics include a population of 196,801 within five miles earning $112,533 as the average household income. For more information regarding the center in Montgomery, NJ, contact John Culmone, Breslin Realty Development, 500 Old County Road, Garden City, NY 11530; 516-741-7400 Ext. 251, Fax 516-741-5621. For more information regarding the site in New Milford, CT; Liberty Crossing Regional Shopping Center and Big Y Plaza, contact Richard MacDougall at 516-741-7400 Ext. 263. Or contact Benjamin Zitron at Ext. 242. For more information regarding the seven-acre site in Dix Hills, NY, contact Robert Delavale at 516-741-7400 Ext. 230.
The Goldstein Group is preleasing Phase I of Tropicana Power Center, a proposed 240,000 sq.ft. center located at the intersection of Route 9 North and Lanes Mill Road in Howell Township, NJ. The site has an average daily traffic count of 44,000 vehicles. Opening is slated for next year. The center has pad sites available. Area retail includes Lowe’s Home Improvement, Barnes & Noble, Stop & Shop, Applebee’s, Kohl’s, Wal*Mart, Target, Pier 1 Imports and Petco. Area demographics include a population of 123,128 within five miles earning $75,515 as the average household income. For more information, contact Chuck Lanyard or Lew Finklestein, The Goldstein Group, Glen Rock Plaza, 266 Harristown Road, Suite 105, Glen Rock, NJ 07452; 201-703-9700 Ext. 15/22; Emails: clanyard@thegoldsteingroup.com and lfinklestein@thegoldsteingroup.com; Web site: www.thegoldsteingroup.com.
New Plan Excel Realty Trust, Inc. is developing Cinnaminson Town Center, a 300,000 sq.ft. center located at the intersection of Route 130 and Cinnaminson Avenue in Cinnaminson, NJ. Opening is slated for Spring 2007. The center will include various sized retailers in diverse categories for both inline spaces and outparcels. Cinnaminson Town Center will be the result of the redevelopment of the Cinnaminson Mall, where all existing buildings will be demolished and a new ground-up supermarket-anchored center will be constructed on a land area of 40 acres. The site has an average daily traffic count of 60,000 vehicles. Area demographics include a population of 353,906 within five miles earning $55,750 as the average household income. The company also is redeveloping the following centers: Tinton Falls Plaza, a 100,582 sq.ft. center located at the intersection of Shrewsbury Avenue and Route 35 in Tinton Falls, NJ. The center is anchored by Wow Fitness. Area demographics include a population of 151,878 within five miles earning $89,008 as the average household income; Stone Mill Plaza, a 94,493 sq.ft. center located on Columbia Avenue in Lancaster, PA. The center is anchored by Giant Food Stores and Rent-To-Own and has spaces available of 1,000 sq.ft. to 3,200 sq.ft. Area demographics include a population of 161,132 within five miles earning $58,079 as the average household income; and Bethel Park, a 218,714 sq.ft. center located on Library Road in Bethel Park, PA. The center is anchored by Wal*Mart and Giant Eagle and has spaces available. Area demographics include a population of 238,533 within five miles earning $65,334 as the average household income. For more information, contact John Majczan, New Plan Excel Realty Trust, Inc., 2311 Cottman Avenue, Philadelphia, PA 19149; 215-708-3574; Email: jmajczan@newplan.com. For more information regarding Tinton Falls Plaza, Stone Mill Plaza or Bethel Park, contact New Plan Excel Realty Trust, Inc., 420 Lexington Avenue, New York, NY 10170; 212-869-3000, Fax 212-869-3989; Web site: www.newplan.com.
Norris Beggs & Simpson is preleasing The Elements at Gateway, a center located at the intersection of Interstate 205 and Interstate 84 in Portland, OR. The center has ground floor retail space available of 25,000 sq.ft. Area demographics include a population of 373,074 within five miles earning $66,447 as the average household income. The site has an average daily traffic count of 143,000 vehicles. Area retail includes Fred Meyer, Mervyn’s, Ross Dress For Less, Office Depot, Tower Records, Hallmark Cards, Winco Foods, Circuit City, Bed Bath & Beyond, Target, Home Depot, 24-Hour Fitness, Albertsons, OfficeMax, Bally Total Fitness, Olive Garden, Safeway, Red Robin and Newport Bay restaurant. For more information, contact Jack Gallagher, Corine Nussmeier or Emily Matza, 121 SW Morrison Street, Suite 200, Portland, OR 97204; 503-223-7181, Fax 503-273-0256.
Legend Properties, Inc. is preleasing The Riverwalk at Penns Grove, a 195,500 sq.ft. mixed-use development located on Main Street at the Delaware River in Penns Grove, NJ. The center will be situated on a land area of 26 acres. The maritime-themed project will include a riverside promenade, a 40,000 sq.ft. entertainment, banquet and conference center, a 4,500 sq.ft. Italian restaurant, a 10,000 sq.ft. seafood restaurant, a 60-room hotel, approximately 40 retail shops, office space, a microbrewery and a food court. A 900-foot pier will be reconstructed to provide views of the Delaware Memorial Bridge and will lead to an island and floating breakwater that will be used for a variety of public events. The company also is preleasing The Vineyards at Nassau Valley, a center located on Route 9 in Lewes, DE. The 82-acre, mixed-use development will have a GLA of 215,000 sq.ft. and will include a hotel, fitness center, recreational pond, boardwalk and amphitheatre. Area demographics include a population of 126,797 within a 30-minute drive earning $60,099 as the average household income. For more information, contact Legend Properties, Inc., 20000 Horizon Way, Suite 280, Mount Laurel, NJ 08054; 856-231-1010, Fax 856-231-1111. For more information regarding The Vineyards at Nassau Valley, contact Joseph Scarpa, Legend Properties, Inc., 625 West Ridge Pike, Suite A-107, Conshohocken, PA 19428; 856-231-1010, Fax 610-941-4038; Email: jscarpa@lpre.com; Web site: www.lpre.com.
Welco Realty, Inc. is preleasing a 187,400 sq.ft. center located on Bergen Avenue in Kearny, NJ. Area retail includes Wal*Mart. The company also is preleasing Summerhill Square, a 140,000 sq.ft. center located on Route 18 in East Brunswick, NJ. Opening is slated for Spring 2006. The center has spaces available of 2,000 sq.ft. to 80,000 sq.ft. Area retail includes Borders Books, Barnes & Noble, Toys “R” Us, OfficeMax, Ethan Allen, Sports Authority, T.J. Maxx, Kohl’s, Circuit City, Macy’s, Old Navy, JCPenney, A.C. Moore, Loehmann’s, Best Buy, Party City, Dick’s Sporting Goods and Lowe’s Home Improvement. For more information, contact Welco Realty, Inc., 2525 Palmer Avenue, New Rochelle, NY 10801; 914-576-7500, Fax 914-576-7596.
R.J. Brunelli & Co. is preleasing Ocean Circle Plaza, a center located on Route 35 in Ocean, NJ. Opening is slated for Spring 2006. The center has spaces available of 1,611 sq.ft. to 15,670 sq.ft. Area retail includes Seaview Square Mall, which is anchored by Sears, Value City Department Store, Costco and Target; and Ocean Plaza Shopping Center, which is anchored by Wegmans Supermarket, Pier 1 Imports, Stein Mart and Staples. Area demographics include a population of 146,743 within five miles earning $73,394 as the average household income. For more information, contact John Lenaz, R.J. Brunelli & Co., 400 Perrine Road, Suite 405, Old Bridge, NJ 08857; 732-721-5800; Email: jlenaz@njretailrealty.com.
Saugatuck Commercial Real Estate, LLC is preleasing North Colony Square, a 17,026 sq.ft. center located on Route 5 in Wallingford, CT. Opening is slated for Spring 2006. Area demographics include a population of 105,000 within five miles earning $81,000 as the average household income. The site has an average daily traffic count of 25,000 vehicles. For more information, contact Penny P. Wickey, Saugatuck Commercial Real Estate, LLC, 728 Post Road East, Suite 200, Westport, CT 06880; 203-222-4194, Fax 203-222-4186; Email: pwickey@saugatuckcommercial.com; Web site: www.saugatuckcommercial.com.
YK America International Group, Inc. is developing Delano Market Place II, a 320,484 sq.ft. center located at the intersection of Woollomes Avenue and Dover Parkway in Delano, CA. Area demographics include a population of 58,593 within seven miles. The company also is developing El Centro Town Center II, a center located at the intersection of Cruickshank Drive and State Highway 86 in El Centro, CA. The center is situated on a land area of 33.1 acres. For more information, contact YK America International Group, Inc., 10508 Lower Azusa Road, Suite 200, El Monte, CA 91731; 626-444-6668, Fax 626-444-6698; Web site: www.ykamerica.com.
The Swiss Group is preleasing Fisher Place, a 21,000 sq.ft. center located at the intersection of Allisonville Road and East 116th Street in Fishers, IN. Opening is slated for August 2006. The center is situated on a land area of eight acres and has spaces available of 1,200 sq.ft. to 8,000 sq.ft., as well as four one-acre outlots. Asking rents range from $22 psf to $24 psf. Area retail includes Kroger, Marsh, CVS, Starbucks, Sherwin-Williams and Sears Hardware. The company also is preleasing Franklin Corners, a 16,300 sq.ft. center located at the intersection of Arlington Avenue and Thompson Road in Indianapolis, IN. Opening is slated for August 2006. The center has spaces available of 1,200 sq.ft. to 7,200 sq.ft., as well as four outlots of a half acre to one acre. Asking rents range from $12 psf to $14 psf. Area demographics include a population of 134,148 within five miles earning $49,912 as the average household income. Area retail includes Kroger, Marsh, Wal*Mart Supercenter, Kmart, CVS, Family Video, Sears Hardware and Dollar Tree. The company also is preleasing Kimmel Road Shoppes, a 10,000 sq.ft. center located at the intersection of Hart Street and Kimmel Road in Vincennes, IN. The center is situated on a land area of 1.19 acres and has spaces available of 1,200 sq.ft. to 4,800 sq.ft. Opening is slated for November. Tenants include Cingular, Allied Cash Advance and Rogers Jewelers. Asking rent ranges from $20 psf to $22 psf. Area demographics include a population of 28,763 within 10 miles earning $39,977 as the average household income. The company also is preleasing Winding Way Shoppes, a center located at the intersection of East 38th Street and German Church Road in Indianapolis, IN. Opening is slated for November 2006. The center has spaces available of 1,200 sq.ft. to 12,000 sq.ft. and has three outlots of one acre available. Asking rents range from $12 psf to $14 psf. For more information, contact Frank E. Swiss, The Swiss Group, 3985 West 106th Street, Suite 110, Carmel, IN 46032; 317-816-9270, Fax 317-816-9271; Email: fswiss@swissgroup.com; Web site: www.swissgroup.com.
Jeffery Realty, Inc. is preleasing a 400,000 sq.ft. center located at the intersection of Route 9 and West Farms Road in Howell, NJ. The site has an average daily traffic count of 40,000 vehicles. Area retail includes Home Depot. The center will be situated on a land area of 50 acres and is located near Freehold Raceway Mall. Area demographics include a population of 323,874 within 10 miles earning $94,467 as the average household income. The company also is preleasing a 43,000 sq.ft. center located at the intersection of Woodlane Road and Springside Road in Westampton, NJ. The site has an average daily traffic count of 24,000 vehicles. Area demographics include a population of 247,426 within seven miles earning $60,282 as the average household income. For more information, contact John Lutz, Jeffery Realty, Inc., 116 Route 22, North Plainfield, NJ 07060; 908-668-9600; Email: jlutz@jefferyrealty.com.
Thomas English Retail Real Estate, LLC is developing Garners Ferry Marketplace, a 31,000 sq.ft. center located in Columbia, SC. Opening is slated for Spring 2006. Tenants include Ruby Tuesday, Citi Financial, Sally Beauty and Ye Old Fashioned Ice Cream. The company also is developing Cherry Tree Crossing, a 14,400 sq.ft. center located in Indianapolis, IN. Opening is slated for Spring 2006. For more information, contact Thomas English, Thomas English Retail Real Estate, LLC, 2325 Pointe Parkway, Suite 150, Carmel, IN 46032; 317-574-7448, Fax 317-574-7178; Email: thomasenglish@terre-llc.com.
Rosetto Realty Group, LLC is preleasing Jackson Crossings, a 60,000 sq.ft. center located at the intersection of Hope Chapel Road and East Veterans Highway in Jackson, NJ. The center has 15,000 sq.ft. of second-floor corner retail available. Cotenants include Rite Aid, Shore Commerce Bank, a Chinese restaurant and a fast food restaurant. Opening is slated for Spring 2006. For more information, contact Ronald Rosetto or John Tzezairlidis, Rosetto Realty Group, LLC, 81 East Water Street, Suite 3C, Toms River, NJ 08753; 732-244-6700, Fax 732-244-6701; Web site: www.rosettorealty.com.
Schmier & Feurring Realty is preleasing Wellington Green Square, a 95,000 sq.ft. center located at the intersection of Forest Hill Boulevard and Fortune Drive in Wellington, FL. The center will be situated on a land area of 17 acres. Opening is slated for next year. The center will be anchored by Fresh Market and Tony Roma’s and will be cotenanted by Bassett Furniture and Kirkland’s. Area demographics include a population of 517,970 within 10 miles earning $51,810 as the average household income. Area retail includes Barnes & Noble, Circuit City, Linens ‘N Things, Pier 1 Imports and Panera Bread. For more information, contact Roxanne Register, Schmier & Feurring Realty, 7777 Glades Road, Suite 310, Boca Raton, FL 33486; 561-488-9100, Fax 561-482-0181; Web site: www.sfrealty.com.
Colonial Commons is developing Colonial Commons at Freehold, a center located on Route 9 North in Freehold, NJ. The 9.7-acre site will include a 4,800 sq.ft. freestanding bank site; a 14,000 sq.ft. mixed-use site; a 10,000 sq.ft. freestanding daycare facility with a playground; a 7,000 sq.ft. freestanding restaurant site and a 70-room hotel site. For more information, contact Chris Kaempffer, Colonial Commons, 3499 Route 9 North, Freehold, NJ 07728; 732-625-1055, Fax 732-625-1060; Email: c_kaempffer@yahoo.com.
RED Development is developing The Shops at Norterra, a 325,000 sq.ft. center located at the intersection of Interstate 17 and Happy Valley Road in Phoenix, AZ. The center is situated on a land area of 33 acres and has various spaces available. Opening is slated for Fall 2007. The center will be anchored by a movie theater, health club and a specialty supermarket. Cotenants will include a home furnishings store, an electronics store, bookstore and clothing stores. Area demographics include a population of 127,537 within five miles earning $74,489 as the average household income. The company also is developing The Legends at Village West, an 804,000 sq.ft. center located in Kansas City, KS. Opening is slated for April 2006. The center is situated on a land area of 73 acres and is anchored by Dave & Buster’s, Legends 14-screen Theatre and T-Rex. Cotenants include Adidas, Nike, Cheeseburger in Paradise, Linens ‘N Things, Off Broadway, Shore Warehouse and Yard House. Area demographics include a population of 36,252 within five miles earning $62,041 as the average household income. For more information, contact Aly Mikulanec, RED Development, 6263 North Scottsdale Road, Suite 330, Scottsdale, AZ 85250; 480-556-7747, Fax 480-947-7997; Email: amikulanec@reddevelopment.com.
Forest City Retail Properties is preleasing Northfield at Stapleton, a 539,722 sq.ft. center located at the intersection of Interstate 270 and Interstate 70 in Denver, CO. The center is anchored by Bass Pro Shops, Foley’s, Harkins Theatre and Target. AThe company also is preleasing The Orchard Town Center, a 265,000 sq.ft. center located at the intersection of Huron Street and West 144th in Westminster, CO. Opening is slated for Fall 2006 or Spring 2007. Anchors include JCPenney, Foley’s and AMC Theatres. For more information, contact Forest City Commercial Group, 50 Public Square, Suite 1026, Cleveland, OH 44113; 216-621-6060; Web site: www.forestcity.net.
Hack Real Estate Association is preleasing Maspeth Plaza, a 12,000 sq.ft. center located at the intersection of Grand Avenue and Flushing Avenue in Maspeth, NY. Opening is slated for May 2006. The center is tenanted by Carvel, Chase Bank and Duane Reade. Asking rent is $35 psf with CAM of $1.01. For more information, contact Anthony Murray, Hack Real Estate Association, 224-10 Union Turnpike, Bayside, NY 11364; 631-806-7474; Email: amurray@hackrealestate.com; Web site: www.hackrealestate.com.
Developers Diversified Realty is developing Freehold Marketplace, a 500,000 sq.ft. center located at the intersection of State Highway 33 and Route 537 in Freehold, NJ. Opening is slated for next year. The center is anchored by Wal*Mart and Sam’s Club. Area demographics include a population of 288,200 within 10 miles earning $102,509 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.
First Rockford Group, Inc. is preleasing State on Kerasotes, a 181,653 sq.ft. center located at the intersection of East State and Shaw Place Drive in Rockford, IL. The center is situated on a land area of nine acres and has space available of 177,523 sq.ft., as well as five outlots of various sizes. Opening is slated for Spring 2006. The center is anchored by Kerasotes Theater. Asking rent is $25 psf. Area retail includes Wal*Mart, Sam’s Club, Lowe’s Home Improvement, Home Depot and Best Buy. For more information, contact Bharat Puri, First Rockford Group, Inc., 6801 Spring Creek Road, Rockford, IL 61114; 815-229-3000, Fax 815-229-3001; Email: stephanie@firstrockford.com; Web site: www.firstrockford.com.
Eastern Net Lease Advisors is preleasing Chestnut Green, a 60,000 sq.ft. center located at the intersection of Route 140 and Chestnut Street in Foxboro, MA. The site has an average daily traffic count of 15,000 vehicles. Opening is slated for Spring 2006. The center has spaces available of 1,000 sq.ft. to 20,000 sq.ft. and is situated on a land area of six acres. Asking rent is $24 psf with CAM of $1.50 psf and taxes of $1 psf. For more information, contact Michael R O’Mara, Eastern Net Lease Advisors, 21 Oak Street, Medway, MA 02053; 508-321-1422, Fax 508-321-1344; Email: mike@eastern1031.net.
Pinpoint Properties is preleasing Kitt Creek Commons, a 57,000 sq.ft. center located at the intersection of NC Highway 55 and NC Highway 54 with an average daily traffic count of 22,000 vehicles. Opening is slated for the third quarter of 2006. Cotenants will include a dry cleaner, hair studio and a nail salon. Area retail includes Big Lots and Food Lion. Asking rent is $17 psf NNN. For more information, contact Joni Barnes, Pinpoint Properties, 5310 NC Highway 55, Durham, NC 27713; 919-544-0141 Ext. 202, Fax 919-544-0284; Email: jbarnes@pinpointprop.com; Web site: www.pinpointprop.com.
The Schultz Organization is preleasing The Gateway at Carteret, a 43,400 sq.ft. center located at the intersection of Lower Roosevelt Avenue and Terminal Avenue in Carteret, NJ. The site also will include 400 residential units. The center has spaces available of 1,200 sq.ft. to 14,300 sq.ft. and is slated to open during Spring 2007. Area demographics include a population of 93,385 within five miles earning $62,644 as the average household income. The company also is preleasing a 20,000 sq.ft. center located at the intersection of Route 79 and Beacon Street in Marlboro, NJ. The center has pad and inline space available, as well as ground leases and build-to-suits, and will include a residential component with 294 units. Area demographics include a population of 125,402 within five miles earning $97,087 as the average household income. For more information, contact Ira Kerner or Steven Winters, The Schultz Organization, 900 Route 9 North, Suite 301, Woodbridge, NJ 07095; 732-855-0001, Fax 732-855-0034; Emails: ikerner@schultznet.com and swinters@schultznet.com.
Opus South Corp. is preleasing Gulf Coast Commons, a 338,000 sq.ft. center located at the intersection of Interstate 75, Alico Road and Three Oaks Parkway in Fort Myers, FL. The center is situated on a land area of 47 acres and has spaces available of 2,000 sq.ft. to 120,000 sq.ft., as well as outlots available of 5,000 sq.ft.; 6,000 sq.ft. and 12,000 sq.ft. Opening is slated for Summer 2007. The center will be anchored by a department store, discount store and a home improvement store. The site has an average daily traffic count of 106,700 vehicles. Area retail includes JCPenney, Bass Pro Shops, Super Target and Circuit City. Asking rent is $25 psf. For more information, contact Lynn Dehlinger, Opus South Corp., 225 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.
Land Capital Group, Inc. is developing Alamogordo Supercenter, a 29,050 sq.ft. center located at the intersection of White Sands Boulevard and 1st Street in Alamogordo, NM. Opening is slated for June 2006. The center has space available of 12,070 sq.ft., as well as an outlot of 3,200 sq.ft. The site has an average daily traffic count of 18,361 vehicles. Area demographics include a population of 46,060 within 10 miles earning $36,220 as the average household income. Market rent is $20 psf. The company also is developing Hickory Promenade, a 15,600 sq.ft. center located at the intersection of U.S. Highway 70 and 26th Street Boulevard in Hickory, NC. Opening is slated for July 2006. Market rent is $21 psf. For more information, contact Gary Hall, Land Capital Group, Inc., 1850 Sidewinder Drive, Park City, UT 84060; 435-214-5574, Fax 435-214-5474; Email: ghall@landcapital.com; Web site: www.landcapital.com.
Realm Realty is preleasing The Woodlands Crossing Shopping Center, a 136,000 sq.ft. center located at the intersection of Parkway and Kuykendahl Road in The Woodlands, TX. Opening is slated for next month. The center is situated on a land area of 22 acres and is tenanted by Walgreens and Starbucks. Area demographics include a population of 100,674 within five miles earning $111,139 as the average household income. The site has an average daily traffic count of 46,804 vehicles. The company also is preleasing Almeda Crossing Shopping Center, a 205,000 sq.ft. center located at the intersection of Almeda-Genoa Road and Rowlett Street in Houston, TX. The center is situated on a land area of 21 acres and is anchored by Wal*Mart Supercenter, PetsMart and Circuit City. Cotenants include Washington Mutual, Payless ShoeSource and Sally Beauty. Area demographics include a population of 515,921 within five miles earning $51,468 as the average household income. The site has an average daily traffic count of 22,660 vehicles. For more information, contact Kathryn Fowler, Realm Realty, 900 Town & Country Lane, Suite 210, Houston, TX 77024; 713-465-0001, Fax 713-465-3856; Web site: www.realmrealty.com.
General Growth Properties is redeveloping Lynnhaven Mall, a mall located in Virginia Beach, VA. Phase I of the redevelopment will renovate the current anchor space, introducing two new retailers and a full-service restaurant. Following the construction, the main entrance will be opened and five restaurants will be added. Area demographics include a population of 506,700 within 10 miles earning $65,900 as the average household income. The company also is developing an extension to Mayfair, a shopping district located in Wauwatosa, WI. Opening is slated for Spring 2008. New retailers will include Crate & Barrel, The Cheesecake Factory, Maggiano’s Little Italy and P.F. Chang’s China Bistro. Area demographics include a population of 329,200 within five miles earning $62,300 as the average household income. The company also is developing an open-air section to Carolina Place, a center located in Pineville, NC. The center is currently anchored by Dillard’s, Sears, Hecht’s and Ann Taylor. Five retailers, including Barnes & Noble, REI and Linens ‘N Things, will occupy the additional 104,500 sq.ft. Area demographics include a population of 378,800 within 10 miles earning $89,200 as the average household income. For more information, contact General Growth Properties, 110 North Wacker Drive, Chicago, IL 60606; 312-960-5000.
George D. Zamias is developing Morristown Commons, a 556,000 sq.ft. center located at the intersection of Davy Crockett Parkway and Morris Boulevard in Morristown, TN. The center is situated on a land area of 88 acres. Opening is slated for 2007. Area demographics include a population of 38,227 within five miles earning $44,644 as the average household income. Area retail includes College Square Mall and Wal*Mart Supercenter. The company also is developing Nashville Commons at Skyline, a 719,000 sq.ft. center located at the intersection of Briley Parkway and Dickerson Pike in Nashville, TN. The center is situated on a land area of 88.5 acres. Opening is slated for 2007. Area demographics include a population of 120,965 within five miles earning $46,644 as the average household income. For more information, contact John Young, George D. Zamias, 300 Market Street, Johnstown, PA 15901; 814-536-6108, Fax 814-536-5969; Email: jyoung@zamias.net; Web site: www.zamias.com.
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