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New Construction
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New Construction Crosland, Inc. and Carolina Holdings, Inc. are planning to develop Providence MarketPlace, an 850,000 sq.ft. center located at the intersection of Mount Juliet Road and Belinda Parkway in Mount Juliet, TN. The site is located at the entrance to Providence, a 950-acre multi-use, master-planned community that will include 3,100 single and multi-family homes. The center will be anchored by a 73,500 sq.ft. Kroger supermarket. The center also will include specialty stores, restaurants, department stores and a movie theater and will be situated on a land area of 103 acres. For more information, contact Crosland, Inc., 227 West Trade Street, Suite 800, Charlotte, NC 28202; 704-529-1166, Fax 704-523-7110; Email: info@crosland.com. Or contact, Carolina Holdings, Inc., 300 North Main Street, Greenville, SC 29601; 864-272-0088; Web site: www.choldings.com.
JBG Rosenfeld Retail is preleasing Free State Shopping Center, a 10,300 sq.ft. center located on Annapolis Road in Bowie, MD. Area demographics include a population of 100,841 within five miles earning $95,009 as the average household income. Opening is slated for the summer. For more information, contact JBG Rosenfeld Retail, 4445 Willard Avenue, Suite 700, Chevy Chase, MD 20815; 301-657-9850; Web site: www.jbgr.com.
Jeffrey R. Anderson Real Estate is preleasing The Shoppes at Montage, a 300,000 sq.ft. center located off exit 182 of Interstate 81 on Davis Street in Scranton-Wilkes Barre, PA. Opening is slated for April 2006. Demographics include a trade-area population of 970,292 earning $53,692 as the average household income. For more information, contact Jeffrey R. Anderson Real Estate, 3805 Edwards Road, Suite 700, Cincinnati, OH 45209; 513-241-5800, Fax 513-241-2637; Web site: www.anderson-realestate.com.
Lisco Development, Inc. is developing Riverside Village Shopping Center, a 35,669 sq.ft. center located in Riverside, RI. 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. The site has an average daily traffic count of 10,900 vehicles. 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.
Madison Retail Group is preleasing the expansion of The Shops at Waldorf, a 602,085 sq.ft. center located at the intersection of Route 5/301 and Route 228 in Waldorf, MD with an average daily traffic count of 101,175 vehicles. The center is anchored by Circuit City, Babies “R” Us, Michael’s Arts & Crafts, The Room Store, Marshall’s, Ross Dress For Less, PetsMart and Modell’s Sporting Goods. Area demographics include a population of 172,559 within 10 miles earning $80,498 as the average household income. The company also is preleasing Tivoli Square, a center located at the intersection of 14th Street and Park Road in Washington, DC. The center will be anchored by a 53,000 sq.ft. Giant Food Store and a 250-seat theater, and will include approximately 25,000 sq.ft. of small shop space, 28,000 sq.ft. of office space and 40 townhouses. Area demographics include a population of 324,143 within three miles earning $72,476 as the average household income. The company also is preleasing Crooked Run Town Center located at the intersection of Interstate 66 and Route 340/522 in Warren County, VA. The site has an average daily traffic count of 47,132 vehicles. Demographics include a trade-area population of 87,274 earning $56,747 as the average household income. For more information, contact Jim Farrell, Madison Retail Group, 1850 M Street NW, 12th Floor, Washington, DC 20036; 202-730-2008; Web site: www.madisonretailgroup.com.
Bierbrier Development is developing Chase Square Randolph, a 31,100 sq.ft. center located at the intersection of Warren Street and Highland Avenue in Randolph, MA with an average daily traffic count of 36,000 vehicles. Opening is slated for Spring 2006. The center is situated on a land area of seven acres and has space available of 35,000 sq.ft., as well as an outlot of 5,000 sq.ft. Area demographics include a population of 53,273 within three miles earning $65,414 as the average household income. Area retail includes McDonald’s, Randolph Shopping Center and Shaw’s Supermarket. The company also is redeveloping Walgreen’s Plaza, a 33,700 sq.ft. center located at the junction of Route 125 and Route 110 in Haverhill, MA. The center is situated on a land area of 2.5 acres and has space available of 6,974 sq.ft., as well as an outlot of 3,500 sq.ft. Opening is slated for Fall 2006. Area demographics include a population of 43,755 within two miles earning $49,775 as the average household income. For more information, contact Leonard H. Bierbrier, Bierbrier Development, 430 Bedford Street, Suite 145, Lexington, MA 02420; 781-863-1800 Ext. 17, Fax 781-862-0613; Email: lbierbrier@bierbrierdevelopment.com; Web site: www.bierbrierdevelopment.com.
Shor Real Estate is preleasing Shoppes at Twin Oaks, a 39,150 sq.ft. center located at the intersection of Cox Road and Westerre Parkway in Richmond, VA. The center is situated on a land area of 5.25 acres and has space available of 1,600 sq.ft. Opening is slated for September. Asking rent is $29 psf with CAM of $2 psf and taxes of $1 psf. For more information, contact Nathan A. Shor, Shor Real Estate, 2619 Floyd Avenue, Suite 100, Richmond, VA 23230; 804-358-7404, Fax 804-358-7447.
Struever Bros. Eccles & Rouse, Inc. is developing Charles Village, a 75,000 sq.ft. mixed-use center located in Baltimore, MD. The center will be anchored by Johns Hopkins University’s new bookstore at the intersection of 33rd and Saint Paul. Area demographics include a population of 623,681 within five miles earning $51,752 as the average household income. For more information, contact Struever Bros. Eccles & Rouse, Inc., Tide Point - The Joy Building, 1040 Hull Street, Suite 200, Baltimore, MD 21230; 443-573-4000; Web site: www.sber.com.
New Plan is preleasing Unity Plaza, a center located on NY State Route 82 in East Fishkill, NY. Opening is slated for late spring. The center will be anchored by A&P Food Market and will include 16,800 sq.ft. of small shop space. Area demographics include a population of 50,761 within five miles earning $88,988 as the average household income. For more information, contact Steve Teplick, New Plan, Roosevelt Mall Professional Building, 2311 Cottman Avenue, Philadelphia, PA 19149; 215-708-3565; Email: steplick@newplan.com.
Keegan & Coppin is developing Deer Creek Plaza, a 322,000 sq.ft. center located at the intersection of Highway 101 and Rainer in Petaluma, CA. The center is situated on a land area of 36 acres and has spaces available of 1,500 sq.ft.; 5,000 sq.ft. and 15,000 sq.ft., as well as outlots of 46,000 sq.ft.; 43,995 sq.ft. and 61,419 sq.ft. Opening is slated for Fall 2006. The center is anchored by Lowe’s Home Improvement. The site has an average daily traffic count of 90,000 vehicles. Area retail includes Kohl’s, Michaels, Pier 1 Imports, Kmart and Trader Joe’s. For more information, contact Traci Silva, Keegan & Coppin, 1355 North Dutton Avenue, Santa Rosa, CA 95401; 707-524-1400, Fax 707-524-1419; Email: info@keegancopping.com.
Felenstein Was & Associates is preleasing Centerstate Crossings, a 300,000 sq.ft. center located in Columbia, MO. Opening is slated for November 2006. For more information, contact Jeffrey T. Was, Felenstein Was & Associates, 47 East 77th Street, Suite 205, New York, NY 10021; 212-772-9829 Ext. 15.
William B. May Commercial Real Estate is developing a land area of 56.31 acres in Chestertown, NY. For more information, contact George F. Donohue, William B. May Commercial Real Estate, 575 Madison Avenue, New York, NY 10022; 212-620-2611; Email: gdonohue@williambmay.com.
Coldwell Banker Commercial Triad is preleasing Union Cross Towne Centre located at the intersection of Kenosha Drive and Interstate 40 in the Piedmont Triad Region of NC. The site has an average daily traffic count of 54,000 vehicles. Area demographics include a population of 104,812 within eight miles earning $62,971 as the average household income. For more information, contact Ellen K. Moore, Coldwell Banker Commercial Triad, 285 South Stratford Road, Winston-Salem, NC 27103; 336-761-5909, Fax 336-748-5363; Email: ellen.moore1@coldwellbanker.com.
Sterling Centercorp U.S., Inc. is preleasing Donald Ross Village, a 197,496 sq.ft. center located at the intersection of Donald Ross, Military Road and Central Boulevard in Palm Beach Gardens, FL with an average daily traffic count of 63,000 vehicles. Opening is slated for November. The center will be anchored by a hotel, medical/fitness center and a restaurant. Area demographics include a population of 107,781 within five miles earning $94,915 as the average household income. The center has spaces available up to 13,500 sq.ft., as well as outparcels of 5,000 sq.ft. and 8,000 sq.ft. For more information, contact Tom Hamilton, Sterling Centercorp U.S., Inc., One North Clematis Street, Suite 305, West Palm Beach, FL 33401; 561-835-1810, Fax 561-833-4118.
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