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New Construction
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New Construction InsterState Commercial Real Estate, Inc. is developing additions to York Crossing Shopping Center located at the intersection of Routes 30 and 74 in York, PA. The center is situated on a land area of 49 acres and is currently anchored by Target, BJ’s Wholesale Club and Commerce Bank. Future development on the site includes a 4,000 sq.ft. freestanding restaurant with a drive-thru, a 5,400 sq.ft. retail/restaurant pad and an 11,543 sq.ft. retail building. Phase II will include a Logan’s Roadhouse and a two-acre pad available between Commerce Bank and Logan’s Roadhouse along Route 74. Phase III will include five acres along Route 30, adjacent to Target. For more information, contact Robert Hill, InterState Commercial Real Estate, Inc., 17000 Horizon Way, Suite 100, Mt. Laurel, NJ 08054; 856-439-9200; Email: rmhill@sitedevelopment.net.
The Lamay Co., LLC is preleasing Walker Crossing, a 96,000 sq.ft. center located in Lafayette, GA. The center is shadow-anchored by Wal*Mart Supercenter. For more information, contact Larry Wells, The Lamay Co., LLC, 633 Chestnut Street, 707 Republic Centre, Chattanooga, TN 37450; 423-757-7010; Email: larryw@walkercrossing.com; Web site: www.walkercrossing.com.
The Mitchell Co. is preleasing Legacy Village at Spring Hill, an 82,000 sq.ft. center located at the intersection of Dauphin Street and DuRho Drive in Mobile, AL. The center is situated on a land area of nine acres and has space available of 60,000 sq.ft. Opening is slated for November 2006. Area demographics include a population of 193,105 within five miles earning $46,416 as the average household income. Area retail includes Bel Air Mall and Springdale Center. Asking rent is $24 psf with CAM of $2 psf and taxes of $1 psf. For more information, contact Alex Pate, The Mitchell Co., PO Box 160306, Mobile, AL 30695; 251-380-2929, Fax 251-345-1286; Email: apate@mitchellcompany.com; Web site: www.mitchellcompany.com.
Duke Realty Corp. is preleasing The Shops at Pembroke Gardens, a 400,000 sq.ft. center located at the intersection of Pines Boulevard and Interstate 75 in Pembroke Pines, FL. The center is situated on a land area of 40 acres and has spaces available of 800 sq.ft. to 32,000 sq.ft. Opening is slated for October 2006. Area demographics include a population of 229,672 within five miles. For more information, contact Duke Realty Corp., 600 East 96th Street, Suite 100, Indianapolis, IN 46240; 317-808-6175, Fax 317-808-6787.
Jeffrey R. Anderson Real Estate, Inc. is preleasing Beachcliff Market Square, a 110,000 sq.ft. center located on Detroit Road in Rocky River, OH. Opening is slated for July 2006. The center will be tenanted by 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. The company also is preleasing Shoppes at Montage, a 340,000 sq.ft. center located directly off Interstate 81 in Scranton-Wilkes Barre, PA. Opening is slated for October 2006. The company also is preleasing The Shops at Pembroke Gardens, a 400,000 sq.ft. center located directly off Interstate 75 at Pines Boulevard in Pembroke Pines, FL. Opening is slated for April 2007. Demographics include a trade-area population of 608,442 earning $68,804 as the average household income. For more information, contact Mark Fallon or Jessica Hollman, Jeffrey R. Anderson Real Estate, Inc., 3805 Edwards Road, Suite 700, Cincinnati, OH 45209; 513-241-5800, Fax 513-241-2637; Emails: mfallon@anderson-realestate.com and jhollmann@anderson-realestate.com; Web site: www.anderson-realestate.com.
Hopkins Real Estate Group is preleasing a 220,000 sq.ft. center located at the intersection of Imperial Highway and Idaho Street in La Habra, CA. The space was formerly occupied by Big Kmart. For more information, contact Sharon Courtway, Hopkins Real Estate Group, 17461 Derian Avenue, Suite 106, Irvine, CA 92614; 949-270-2400, Fax 949-644-8631; Email: scourtway@hopkinsgroup.com.
The Clover Co. is preleasing The Village at La Puente, a 122,000 sq.ft. center located at the intersection of Hacienda Boulevard and Fairgrove Avenue in La Puente, CA. Area demographics include a population of 217,000 within three miles earning $52,380 as the average household income. The mixed-use project will include 150 market-rate condominiums and 18,000 sq.ft. of office space. The company also is preleasing Village Square, a 70,000 sq.ft. center located at the intersection of SEC Florence Avenue and Eastern Avenue in Bell Gardens, CA. Demographics include a trade-area population of 300,000 within three miles. The site has an average daily traffic count of 80,000 vehicles. For more information, contact Anthony Mansour, The Clover Co., 8675 Washington Boulevard, Suite 201, Culver City, CA 90232; 310-815-8611, Fax 310-815-8612; Email: amansour@clovercompany.com.
Prime Retail, Inc. is preleasing First Financial Plaza, a center located in San Jose, CA. The center is slated to begin construction during the third quarter of this year and is expected to open during the first quarter of 2006. The center will consist of 7,600 sq.ft. of retail space divisible to 850 sq.ft. Area retail includes Century 24 Movie Theater and Toys “R” Us. For more information, contact Dixie Divine or Doug Ferrari, Prime Retail, Inc., 51 East Campbell Avenue, Suite 106, Campbell, CA 95008; 408-376-4150, Fax 408-376-4155; Emails: ddivine@primeretailinc.com and dferrari@primeretailinc.com.
Lee & Associates Commercial Real Estate Services is preleasing Jess Ranch Marketplace, a 221,000 sq.ft. center located at the intersection of SWC Bear Valley Road and Apple Valley Road in Apple Valley, CA. The center is anchored by Target. Area retail includes The Home Depot, Walgreens, Starbucks, Lowe’s Home Improvement and Stater Bros. Area demographics include a population of 109,156 within five miles earning $53,676 as the average household income. For more information, contact Nick DiCosola, Lee & Associates Commercial Real Estate Services, 14369 Park Avenue, Suite 200, Victorville, CA 92392; 760-964-1004, Fax 760-241-1208; Email: ndiscola@lee-associates.com.
Phoenix Commercial Advisors is preleasing New Surprise Shopping Center, a 50,042 sq.ft. center located at the intersection of West Pointe Parkway and Bell Road in Surprise, AZ. The center will be anchored by Sprouts Farmers Market and cotenanted by Chili’s, U.S. Bank and Cobblestone Auto Spa. Area demographics include a population of 105,066 within five miles earning $52,022 as the average household income. For more information, contact Phoenix Commercial Advisors, 3020 East Camelback Road, Suite 215, Phoenix, AZ 85016; 602-957-9800, Fax 602-957-0889.
NAI Friedland Realty, Inc. is preleasing The Barn at New Milford, a 113,000 sq.ft. center located on Route 7 in New Milford, CT. The center is situated on a land area of 12.5 acres. Opening is slated for November 2006. The site has an average daily traffic count of 25,000 vehicles. Area demographics include a population of 127,904 within 10 miles earning $91,679 as the average household income. Area retail includes Staples, Blockbuster Video, Home Depot, Stop & Shop, Wal*Mart, Big Y, T.J. Maxx and Rite Aid. For more information, contact Miles Mahony, NAI Friedland Realty, 656 Central Park Avenue, Yonkers, NY 10704; 914-968-8500, Fax 914-968-1810; Email: miles@friedlandrealty.com.
Sandor Development Co. is developing Safeway Plaza, a 17,682 sq.ft. center located at the intersection of 14th Street, East Main Street and 16th Street in Cottage Grove, OR. The center is currently tenanted by Allied Cash and Supercuts. Area demographics include a population of 14,428 within five miles earning $46,955 as the average household income. The company also is developing Ephraim Commons, a 25,040 sq.ft. center located on Main Street in Ephraim, UT. The company also is developing a center located on South 25th Street in Idaho Falls, ID. The company also is developing Lacey Commons, a 19,680 sq.ft. center located at the intersection of Rainier Loop SE and Yelm Highway in Lacey, WA. For more information, contact Sandor Development Co., 2220 North Meridian Street, Indianapolis, IN 46208; 317-925-9011, Fax 317-927-0725; Web site: www.sandordev.com.
The Evans Co. is preleasing Euclid Plaza, a 142,000 sq.ft., supermarket-anchored center located at the intersection of Euclid and Schaefer Avenues in Chino, CA. Area demographics include population of 429,668 within five miles. For more information, contact The Evans Co., 74-000 Country Club Drive, Suite H2, Palm Desert, CA 92211; 760-773-9832, Fax 760-773-9903.
Colliers International is preleasing Pittsburg Plaza, a center located on East Leland Road in Pittsburg, CA. Area demographics include a population of 144,867 within five miles earning $67,410 as the average household income. For more information, contact Sandra Weck, Colliers International, 5050 Hopyard Road, Suite 180, Pleasanton, CA 94588; 925-227-6230; Email: sweck@colliersparrish.com.
Benderson Devleopment Co., LLC is developing Hamilton Square, a 275,000 sq.ft. center located at the intersection of Black Horse Pike and Wrangleboro Road in Mays Landing, NJ. Area demographics include a population of 154,025 within 10 miles earning $66,242 as the average household income. Area retail includes Hamilton Mall, a 1.3 million sq.ft. center anchored by Macy’s, Sears and JCPenney, and Wrangleboro Consumer Square, an 850,000 sq.ft. center anchored by Kohl’s, BJ’s Wholesale, Target and Best Buy. The company also is developing Deptford Commons, a one million sq.ft. center located at the intersection of Route 41, Route 55, Delsea Drive and Blackwood Barnesboro Road in Deptford, NJ. For more information, contact Benderson Development Co., LLC, 570 Delaware Avenue, Buffalo, NY 14202; 716-886-0211, Fax 716-886-2269.
CB Richard Ellis Hawaii, Inc. is preleasing Lahaina Gateway, a 137,500 sq.ft. center located at the intersection of Honoapiilani Highway and Keawe Street in Lahaina, Maui, HI. The center will be situated on a land area of 11.63 acres. Opening is slated for the first quarter of 2007. Area demographics include a population of 19,816 within 10 miles earning $59,527 as the average household income. For more information, contact Scott A. Crockford or Anthony J. Hunt, CB Richard Ellis Hawaii, Inc., Kahului Railroad Building, 101 Kaahumanu Avenue, Suite JJ, Kahului, HI 96732; 808-893-0300, Fax 808-357-0305; Emails: scott.crockford@cbre.com and anthony.hunt@cbre.com.
Raul Walters Properties is developing Branson Hills Plaza, a 300,000 sq.ft. center located at the intersection of U.S. Highway 65 and Bee Creek Interchange in Branson, MO. Opening is slated for March 2006. Anchors include Home Depot, T.J. Maxx and Target. Upon full build-out the center will have a GLA of over one million sq.ft. For more information, contact Art King, Raul Walters Properties, 2101 West Broadway, Suite 200, Columbia, MO 65203; 573-445-8606.
National Realty & Development Corp. is developing Pohatcong Plaza, a 212,018 sq.ft. center located at the Interstate 78 Interchange on Route 22, between County Road 519 and U.S. Route A-22 in Pohatcong, NJ. The site has an average daily traffic count of 41,935 vehicles. Area retail includes Bon-Ton, Circuit City, Home Depot, JCPenney, Wal*Mart, Super Stop & Shop, Toys “R” Us, Regal Cinema, Kohl’s, Michaels, Linens ‘N Things, Lowe’s Home Improvement, Old Navy, Sears, ShopRite, Staples and Target. Area demographics include a population of 173,384 within 10 miles earning $66,644 as the average household income. For more information, contact National Realty & Development Corp., 3 Manhattanville Road, Purchase, NY 10577; 800-932-RENT; Web site: www.nrdc.com.
Grubb & Ellis/BRE Commercial, LLC is preleasing a 27-acre mixed-use development located at the intersection of Estrella Parkway and Van Buren in Goodyear, AZ. The site has an average daily traffic count of 77,434 vehicles. For more information, contact Grubb & Ellis/BRE Commercial, LLC, 2375 East Camelback Road, Suite 300, Phoenix, AZ 85016; 602-954-9000, Fax 602-468-8588; Web site: www.brephoenix.com.
RED Development is developing Lee’s Summit East, a 605,000 sq.ft. center located at the intersection of SEC Interstate 470 and U.S. Highway 50 in Lee’s Summit, MO. The center is situated on a land area of 63 acres and is slated to open during Fall 2007. Anchors will include two department stores, while cotenants will include home furnishing stores, men’s and women’s clothing stores, fast-casual restaurants, sit-down restaurants and specialty shops. The company also is developing Shadow Lake Towne Center, an 860,000 sq.ft. center located at the intersection of Highway 370 and 72nd Street in Papillion, NE. Opening is slated for Spring 2007. The center has spaces available and is anchored by Hy-Vee. Cotenants include Best Buy, Pier 1 Imports, American Eagle Outfitters, Bed Bath & Beyond, PetsMart and Red Robin Gourmet Burgers. The company also is developing 119th & Roe Lifestyle Center, a 116,000 sq.ft. center located in Leawood, KS. The center is situated on a land area of 15.5 acres and is slated to open during Fall 2006. The center will be anchored by Crate and Barrel and will be cotenanted by men’s and women’s apparel stores, specialty shops and restaurants. For more information, contact Joanna B. Shawyer, RED Development, 4717 Central, Kansas City, MO 64112; 816-777-2843, Fax 816-777-3501; Email: jshawyer@reddevelopment.com.
Allied Property Group is preleasing Pickwick Commons, a 25,000 sq.ft. center located on Greenwich Avenue in Greenwich, CT. The center is situated on a land area of 0.9 acres. Opening is slated for September 2008. Tenants include Fidelity Investments, Kinko’s, Roundabout Women’s Apparel, Liberty Travel and Garelick & Herb Gourmet Foods. For more information, contact Thomas Torelli, Allied Property Group, 116 Mason Street, Greenwich, CT 06830; 203-661-5800, Fax 203-661-4896; Email: tom@alliedpropertygp.com; Web site: www.alliedpropertygp.com.
The Hankin Group is preleasing Weatherstone, a center located at the intersection of Route 401 and Route 100 in Chester Springs, PA. The mixed-use center will feature a supermarket, retail shops and a 25,000 sq.ft. branch of the Chester County Library, a planned YMCA daycare, 100,000 sq.ft. of commercial office and 273 residential units. For more information, contact Stacy Martin or Jack Purcell, The Hankin Group, 707 Eagleview Boulevard, Exton, PA 19341; 610-458-1900, Fax 610-458-0764; Emails: stacy.martin@hankingroup.com and jack.purcell@hankingroup.com; Web site: www.hankingroup.com.
A&B Properties, Inc. entered into an agreement to partner with Intertex Properties to develop Centre Pointe Marketplace, a 101,700 sq.ft. center located at the intersection of Soledad Canyon Road and Golden Valley Road in Valencia, CA. The center will be situated on a land area of 10.2 acres within the 240-acre Center Pointe Business Park. The site is located adjacent to Wal*Mart and Sam’s Club. The center is planned to have three main buildings and two pad sites. Construction is expected to begin during the fourth quarter of this year with completion slated for next year. For more information, contact Meredith J. Ching, A&B Properties, Inc., 822 Bishop Street, Honolulu, HI 90813, PO Box 3440, Honolulu, HI 96801-3440; 808-525-6611, Fax 808-525-8447; Email: mching@abinc.com; Web site: www.abprop.com.
The Goldstein Group is preleasing Morning Star Plaza, a 35,000 sq.ft. center located at the intersection of St. Georges Avenue and East Baltimore in Linden, NJ. The site has an average daily traffic count of 25,000 vehicles. For more information, contact Chuck Lanyard or Leonard Zucker, The Goldstein Group, Glen Rock Plaza, 266 Harristown Road, Suite 105, Glen Rock, NJ 07452; 201-703-9700, Fax 201-703-9678; Email: info@thegoldsteingroup.com.
Progressive Development Services is preleasing Village at Old Trace, a 100,000 sq.ft. center located at the intersection of Bob Cox Road and Dallas Highway in west Cobb County, GA. The center includes 60,000 sq.ft. of retail space and 40,000 sq.ft. of office space. Opening is slated for this month. Tenants include PJ’s Coffee and Wine Bar, Quiznos Sub and Sanda Gane European Day Spa. For more information, contact Rebecca Lambert, Progressive Development Services, Inc., 295 West Crossville Road, Suite 830, Roswell, GA 30075; 678-722-0403, Fax 678-722-0404; Email: rlambert@pdsretail.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. 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 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.
Crossroads Commercial Real Estate, LLC is preleasing the redevelopment of Napanoch Valley Mall located in Ellenville, NY. The center has spaces available from 1,000 sq.ft. to 57,000 sq.ft., including over 40,000 sq.ft. of additional space to be built. The site has an average daily traffic count of 40,000 vehicles. The company also is preleasing an 8.3-acre site located on Route 9 in Howell Township, NJ. The site is planned for a 31,000 sq.ft. building and has an average daily traffic count of 48,000 vehicles. Area demographics include a population of 82,662 within five miles earning $91,932 as the average household income. The company also is preleasing the redevelopment of a 200,000 sq.ft. center located in Middletown, NY. The center is situated on a land area of 19.3 acres. The site has an average daily traffic count of 22,000 vehicles. Area retail includes Home Depot, Wal*Mart and Kohl’s. Area demographics include a population of 59,572 within five miles earning $63,977 as the average household income. For more information, contact Ken Fioretti, Crossroads Commercial Real Estate, LLC, One International Boulevard, Suite 400, Mahwah, NJ 07495; 201-512-8791, Fax 201-512-8830; Email: crosscomm@optonline.net.
Red Mountain Retail Group is preleasing Paramount Plaza, a center located at the intersection of Downey Avenue and Alondra Boulevard in Paramount, CA. The site has an average daily traffic count of 43,370 vehicles. Area demographics include a population of 784,619 within five miles earning $55,628 as the average household income. The center is anchored by Rite Aid. The company also is preleasing Arcadia Commons, a center located at the intersection of 44th Street North/South and Indian School Road East/West in Phoenix, AZ. The site has an average daily traffic count of 145,200 vehicles. Area demographics include a population of 16,650 within one mile earning $88,967 as the average household income. Tenants include Washington Mutual, Wildflower Bread Café, ColdStone Creamery and Rumbi’s Island Grill. Area retail includes Starbucks and Pei Wei Asian Diner. For more information, contact Red Mountain Retail Group, 1234 East 17th Street, Santa Ana, CA 92701; 714-245-7400, Fax 714-245-7401. For more information regarding Arcadia Commons, contact Red Mountain Retail Group, 2711 East Indian School Road, Suite 200, Phoenix, AZ 85016; 602-977-2791, Fax 602-977-2799.
Commerce Commercial Real Estate Services is preleasing a mixed-use center located on 9400 South 100 East in Sandy, UT. Opening is slated for Winter 2005 and Spring 2006. The center is anchored by Wal*Mart Supercenter and Lowe’s Home Improvement. 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.
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.
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 site has an average daily traffic count of 23,220 vehicles. 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 site has an average daily traffic count of 44,520 vehicles. The center is situated on a land area of 88.5 acres. Opening is slated for 2007. 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. |