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New Construction
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New Construction Jeffrey R. Anderson Real Estate, Inc. is preleasing Rookwood Exchange, a mixed-use center located at the intersection of Madison Road, Edwards Road and Interstate 71 in Cincinnati, OH. The site has an average daily traffic count of 164,000 vehicles. The center includes 217,000 sq.ft. of retail, 396,000 sq.ft. of office space and 238 residential units. Area demographics include a population of 318,310 within five miles earning $47,699 as the average household income. The company also is preleasing Beachcliff Market Square, a center located on Detroit Road in Rocky River, OH. Opening is slated for Spring 2006. The 110,000 sq.ft. redevelopment project includes the following retailers: Smith & Hawken, Bombay, Chico’s, White House, Jos. A. Bank Clothiers, Ann Taylor Loft and Aveda Spa & Institute. Area demographics include a population of 306,074 within seven miles earning $67,931 as the average household income. For more information, contact Jeffrey R. Anderson Real Estate, Inc., 3805 Edwards Road, Suite 700, Cincinnati, OH 45209; 513-241-5800, Fax 513-241-2637; Web site: www.anderson-realestate.com.
Jeffery Realty, Inc. is preleasing a 59,880 sq.ft. development located at the intersection of Route 9 and Laurel Boulevard in Lacey Township, NJ. The center has spaces available of up to 5,300 sq.ft., as well as up to 12,800 sq.ft. on the second floor. The site has an average daily traffic count of 18,700 vehicles. The center is anchored by CVS and Subway. Area retail includes Wal*Mart, Home Depot, WaWa, ShopRite, Cost Cutters, Eckerd, Fashion Bug, Hallmark and Radio Shack. Area demographics include a population of 6,921 within five miles earning $66,355 as the average household income. For more information, contact William Farkas, Jeffery Realty, Inc., 116 Route 22, North Plainfield, NJ 07060; 908-668-9600, Fax 973-223-6600; Email: bfarkas@jefferyrealty.com.
Crossman & Co. is preleasing Gateway Pointe, a 10,000 sq.ft. center located on State Route 434, north of Maitland Boulevard, in Orlando, FL. The site has an average daily traffic count of 36,500 vehicles. Opening is slated for May. Area demographics include a population of 41,349 within three miles earning $58,129 as the average household income. The company also is preleasing Avalon Waterford Retail, a 10,800 sq.ft. center located at the intersection of Avalon Park Boulevard and Waterford Chase Parkway in Orlando, FL. Opening is slated for Spring 2005. The center is anchored by Walgreens. For more information, contact Jake Schrimsher, Crossman & Co., 2464 East Michigan, Orlando, FL 32806; 407-423-5400; Email: jschrimsher@crossman.com.
The Peterson Cos. is developing Phase II of Fairfax Corner, a 1.2 million sq.ft. mixed-use center located on Interstate 66 in Fairfax, VA with an average daily traffic count of 130,000 vehicles. Tenants in Phase I include PF Chang’s, Rio Grande, Ruth’s Chris, Chico’s, Ann Taylor Loft, Elizabeth Arden, Cinema De Lux, Organized Living and REI. Area demographics include a population of 802,903 within 10 miles earning $118,277 as the average household income. For more information, contact The Peterson Cos., 12500 Fair Lakes, Suite 400, Fairfax, VA 22033; 703-227-2000, Fax 703-818-1250; Web site: www.petersoncos.com.
The Woodmont Co. is developing Deer Creek Crossing, a one million sq.ft. center located at the intersection of Route 28 and Route 910 in Harmar Township, PA. Area retail includes Best Buy, Costco, Dick’s Sporting Goods, Famous Footwear, Giant Eagle, The Home Depot, Linens ‘N Things, Marshalls, McDonald’s, Michaels Arts & Crafts, OfficeMax, PetsMart and Target. The site has an average daily traffic count of 107,397 vehicles. Area demographics include a population of 535,535 within 10 miles earning $43,700 as the median household income. The company also is developing Streetsboro Commons, a center that will be situated on a land area of 111.55 acres at the southeast quadrant of Interstate 80 in Streetsboro, OH. Area retail includes CVS, Kmart, Giant Eagle, The Home Depot, Lowe’s Home Improvement, Tops Friendly Market, Staples and Wal*Mart. Area demographics include a population of 53,737 within five miles. The site has an average daily traffic count of 65,740 vehicles. For more information, contact The Woodmont Co., 2100 West 7th Street, Fort Worth, TX 76107-2306; 817-732-4000; Web site: www.woodmont.com.
Kite Development is developing the final phase of Silver Glen Crossing, a 150,000 sq.ft. center located on Randall Road in South Elgin, IL. Area demographics include a population of 393,532 within 10 miles earning $92,709 as the average household income. The company also is developing Tarpon Springs Plaza, a 275,000 sq.ft. center located at the intersection of Interstate 75 and Immokalee Road in Naples, FL. Area demographics include a population of 230,249 within 10 miles earning $87,045 as the average household income. For more information, contact Gregg Poetz, Kite Development, 30 South Meridian Street, Suite 1100, Indianapolis, IN 46204; 317-578-5153; Email: gpoetz@kiteco.com.
Don Bennett & Associates, Inc. is developing Palm Valley Pavilions North, a 38,000 sq.ft. center located at the intersection of Litchfield Road and McDowell Road in Goodyear, AZ. The center will include inline shop space located across the street from the Target-anchored Palm Valley Pavilions East. Other area retail includes Lowe’s Home Improvement, Barnes & Noble, Best Buy, Black Angus, Applebee’s and McDonald’s. The company also is developing Surprise Stadium Village, a 69-acre mixed-use project located at the intersection of Parkview Place, Bullard Avenue and Paradise Lane in Surprise, AZ. The development will consist of a park-like atmosphere equipped with water features and open space. The development is planned to include over 200,000 sq.ft. of retail development and approximately 180,000 sq.ft. of office space. Entertainment components are planned to include a multiplex movie theater, two hotels, restaurants and a full-service fitness center. The company also is developing Estrella Village, a 20-acre mixed-use development located at the intersection of Estrella Parkway and Roosevelt Road in Goodyear, AZ. The center will be located at the entrance to the future Goodyear City Center. Estrella Village is planned to have a mix of office, banking, restaurants, mid-sized retail and hotels. The site has commitments from a sports bar, national retailers and a national chain hotel. The development also is planned to include approximately 60,000 sq.ft. of office, 75,000 sq.ft. of retail and an 82-room all-suites hotel. The hotel is slated to open during the Fall. For more information, contact Kevin Helland or Matthew Tafoya, Don Bennett & Associates, Inc., 250 North Litchfield Road, Suite 250 Goodyear, AZ 85338; 623-932-2000, Fax 623-932-1661; Web site: www.realdevelopment.com.
Atlantic Retail Properties is preleasing the redevelopment of Exeter Commons, an 89,000 sq.ft. center located at the intersection of Route 108 and Route 101 in Exeter, NH. The site has an average daily traffic count of 68,500 vehicles. Demographics include a trade-area population of 87,640 earning $70,042 as the median household income. The center has space available of 14,140 sq.ft. The company also is preleasing a 95,000 sq.ft. pad development to Eastfield Mall located on Route 20 in Springfield, MA. Eastfield Mall has a GLA of 824,000 sq.ft. and is anchored by Sears, Filene’s, JCPenney and a 16-screen Showcase Cinema. For more information, contact Ben Starr, Atlantic Retail Properties, 67 Batterymarch Street, Boston, MA 02110; 617-239-3643, Fax 617-239-3650; Email: bstarr@atlanticretail.com; Web site: www.atlanticretail.com.
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