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New Construction
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New Construction First Rockford Group, Inc. is preleasing Chandan Place, a 42,000 sq.ft. center located at the intersection of Perryville Road and Spring Creek in Rockford, IL with an average daily traffic count of 33,500 vehicles. The center is situated on a land area of 3.4 acres and has space available of 15,000 sq.ft. Opening is slated for Spring 2006. The center is anchored by Starbucks, Hollywood Video and Woodman’s Grocery. Area demographics include a population of 113,500 within five miles earning $75,000 as the average household income. Asking rent is $25 psf. The company also is preleasing Machesney Crossings, a 21,000 sq.ft. center located at the intersection of State Route 173 and Highway 251 in Machesney Park, FL, with an average daily traffic count of 35,500 vehicles. The 88,630 sq.ft. center has spaces available of 1,500 sq.ft. and 2,000 sq.ft., as well as outlots of 7,700 sq.ft. and 10,948 sq.ft., and is anchored by T.J. Maxx, Starbucks, Sprint and Concord Cleaners. Area retail includes Kohl’s, Target, Home Depot and Menard’s. Asking rent is $25 psf with CAM of $4 psf. Opening is slated for Spring 2006. Area demographics include a population of 278,700 within 10 miles. 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.
Stanbery Development is developing The Shoppes at Hamilton, a 125,400 sq.ft. center located on State Route 130 in Hamilton Township, NJ. Opening is slated for Spring 2007. The center is situated on a land area of 20 acres. Area retail includes Barnes & Noble, Home Depot, Lowe’s Home Improvement, Wal*Mart, BJ’s Wholesale Club, Michaels, Panera Bread, ShopRite and Target. Area demographics include a population of 136,666 within five miles earning $67,561 as the average household income. For more information, contact Stanbery Development, 250 East Broad Street, Suite 200, Columbus, OH 43215; 614-437-8100, Fax 614-437-8101; Web site: www.stanbery.com.
Mid-America Development Partners, LLC is developing 60,000 sq.ft. of space at the intersection of U.S. Highways 52 and 59 in Shorewood, IL. The space, which is situated on a land area of six acres, is located adjacent to a Jewel-Osco store. Construction is currently underway on a 6,000 sq.ft. building that will be used be Lewis University. In addition, the company plans to build approximately 40,000 sq.ft. of retail space, including two additional freestanding buildings. For more information, contact Mid-America Development Partners, LLC, Oakbrook Terrace, IL 60181; 630-954-7700, Fax 630-954-7305; Web site: www.midamdevelopment.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.
Forum Development Group is developing The Broadway Shops located at the intersection of East Broadway and Highway 63 in Columbia, MO. Phase I, consisting of 85,000 sq.ft. of upscale specialty retail, was recently completed. Phase II, titled The Broadway Bluffs, is currently being preleased and will contain an additional 30,000 sq.ft. of retail/restaurant space with inline, endcap and freestanding opportunities. Future tenants of Phase II include Houlihan’s and Culver’s. Area retail includes Sam’s Club, Applebee’s, Lowe’s Home Improvement, Wal*Mart Supercenter, Longhorn Steakhouse and Chili’s. For more information, contact Jay Lindner or Rusty Strodtman, Forum Development Group, 1400 Forum Boulevard, Columbia, MO 65203; 573-446-5500, Fax 573-446-5050; Emails: jay@forumgroup.com and rstrodtman@forumgroup.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. Area demographics include a population of 61,622 within seven miles earning $54,257 as the average household income. 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 Bradco Cos. is developing Plaza on Main, a 23,000 sq.ft. center located at the intersection of Main Avenue and 11th Avenue in Hesperia, CA. The center has spaces available of 773 sq.ft.; 1,500 sq.ft.; 2,000 sq.ft. and 4,000 sq.ft. Area demographics include a population of 103,507 within five miles earning $51,659 as the average household income. Area retail includes Rite Aid, Stater Bros. and Walgreens. Opening is slated for April 2006. For more information, contact Jeremy Schmidt, The Bradco Cos., 15028 7th Street, Victorville, CA 92395; 760-951-5111 Ext. 103, Fax 760-951-5113.
Vienna Town Square, LLC is preleasing Vienna Town Square Shopping Center, a 550,000 sq.ft. center located at the intersection of Interstate 75 and Vienna in Clio, MI. The center is situated on a land area of 80 acres and has three outlots available of 5,000 sq.ft. and two outlots of 10,000 sq.ft. Opening is slated for October 2006. Area demographics include a population of 150,199 within 10 miles earning $55,016 as the average household income. Asking rents range from $12 psf to $20 psf. For more information, contact Joe Dwyer, Vienna Town Square, LLC, PO Box 7711, Bloomfield Hills, MI 48302-7711; 248-246-1535, Fax 248-498-6551; Email: jdwyer@viennats.com; Web site: www.viennatownsquare.com.
Lormax Stern Development Co. is developing Green Oak Village Place, a center located at the intersection of Lee Road and U.S. 23 in Green Oak, MI. Opening is slated for Fall 2006. The center will be tenanted by Barnes & Noble, Buffalo Wild Wings, Callahan’s Irish Pub, Coldwater Creek, Dick’s Sporting Goods, Jos. A. Bank, DSW, Old Navy and Talbots. For more information, contact Lormax Stern Development Co., 6755 Daly Road , West Bloomfield, MI 48322; 248-737-4041; Email: info@lormaxstern.com.
Lee & Associates is preleasing The Signature Center, a 110,000 sq.ft. center located at the intersection of Interstate 15 and Milliken Avenue in Rancho Cucamonga, CA with an average daily traffic count of 345,000 vehicles. The center is situated on a land area of 11 acres and is adjacent to Costco and Wicks Furniture Center. For more information, contact Carol Plowman or Jay Verde, Lee & Associates, 3535 Inland Empire Boulevard, Ontario, CA 91764; 909-989-7771, Fax 909-989-7771 Ext. 155/157; Web site: www.lee-assoc.com.
The Hamlin Group, Inc. is preleasing three separate buildings located at the intersection of U.S. 41 and Boonville-New Harmony Road in Evansville, IN. The buildings are situated on a land area of five acres and have spaces available. Opening is slated for Spring 2006. Area demographics include a population of 31,454 within five miles earning $66,172 as the average household income. Asking rent is $13 psf with CAM of $3 psf. Area retail includes Buehler’s, Blockbuster Video, Cingular and Subway. The site has an average daily traffic count of 29,000 vehicles. For more information, contact Tom Bujnowski, The Hamlin Group, Inc., 7711 West 159th Street, Suite 201A, Tinley Park, IL 60477; 708-444-2185, Fax 708-444-2186; Email: tjb721@sbcglobal.net.
General Growth Properties is developing The Village at Bridgewater Commons, a center located in Bridgewater, NJ. The Village will provide an additional 95,000 sq.ft. for fashion retailers. Also included will be a 15,000 sq.ft. Maggiano’s with banquet facilities and a 36,000 sq.ft. Crate & Barrel Home store. Area demographics include a population of 189,100 within seven miles earning $109,100 as the average household income. The center is anchored by Macy’s and Lord & Taylor. The company also is developing an addition to Mall of Louisiana located in Baton Rouge, LA. The project will include a 15-venue retail complex and a 74,000 sq.ft. Rave 15 movie theater. The project will add a total of 210,000 sq.ft. of shops, restaurants and entertainment options. The mall is currently anchored by Ann Taylor, Williams-Sonoma, Banana Republic and Talbots. Area demographics include a population of 556,900 within 10 miles earning $57,400 as the average household income. For more information, contact General Growth Properties, 110 North Wacker Drive, Chicago, IL 60606; 312-960-5000; Web site: www.generalgrowth.com.
Simon Property Group is developing Smith Haven Mall, a 1.358 million sq.ft. mall located in Lake Grove, NY. The company will do a complete renovation and redevelopment and add nearly 167,000 sq.ft. of new retail space along with new flooring, ceilings and lighting. New retailers will include Dick’s Sporting Goods, Legal Sea Foods, The Cheesecake Factory and Barnes & Noble. Completion is slated for Fall 2006. The company also is expanding Quaker Bridge Mall, a 1.102 million sq.ft. mall located on Quakerbridge Road in Lawrenceville, NJ. The mall will be remodeled and expanded to add two fashion department stores, as well as 160,000 sq.ft. of new small shops and restaurants. For more information, contact Simon Property Group, 115 West Washington Street, Indianapolis, IN 46204; 317-636-1600.
Rubloff Development Group is preleasing Mundelein Shopping Center, a 400,000 sq.ft. center located at the intersection of Route 60 and Route 83 in Mundelein, IL. The center has spaces available of 1,000 sq.ft. to 50,000 sq.ft., as well as outlots of 1.25 acres up to two acres. Opening is slated for May 2007. The center is anchored by Wal*Mart and Menard’s. For more information, contact Michael C. Puritz, Rubloff Development Group, 2800 West Higgins, Suite 205, Hoffman Estates, IL 60195; 847-884-4820, Fax 847-884-9934.
William B. May Commercial Real Estate is preleasing Liberty Harbor North, a 750,000 sq.ft. center located at the intersection of Grand Street and Jersey Avenue in Jersey City, NJ. Opening is slated for Fall 2006. For more information, contact Pamela LaDew, Jason Fallucca and Mike Buzzeo, William B. May Commercial Real Estate, 505 Eighth Avenue, Suite 804, New York, NY 10010; 212-620-2602; Email: pladew@williambmay.com; Web site: www.williambmay.com/commercial.
Grubb & Ellis/Harding Dahm & Co. is preleasing Geist Village Shoppes, a 15,000 sq.ft. center located at the intersection of 104th and Olio in Fishers, IN. Opening is slated for Spring 2007. Area demographics include a population of 58,682 within five miles earning $97,346 as the average household income. Asking rents range from $16 psf to $19 psf. The company also is preleasing Perry Commons, a 20,800 sq.ft. center located at the intersection of Meridian Street and Stop 11 in Indianapolis, IN. The center has space available of 20,800 sq.ft., as well as two outlots of 1.3 acres each. Asking rents range from $16 psf to $18 psf. The company also is preleasing Morse Village Shoppes, a 9,000 sq.ft. center located at the intersection of Carrigan and Hague in Noblesville, IN. Opening is slated for Fall 2007. The center has space available of 9,000 sq.ft., as well as outlots of one acre each. Area demographics include a population of 47,357 within five miles earning $81,620 as the average household income. Asking rents range from $15 psf to $17 psf. For more information, contact Cindy Hoskinson or Scot Courtney, Grubb & Ellis/Harding Dahm & Co., 500 East 96th Street, Suite 400, Indianapolis, IN 46240; 317-844-2700, Fax 317-848-2975; Emails: hoskinson@hardingdahm.com and courtney@hardingdahm.com.
Zaremba Group, LLC is preleasing Medina Grande Shoppes, a 142,158 sq.ft. center located at the intersection of Route 42 and Grande Boulevard in Medina, OH. The center has an outlot of one acre available and is anchored by JoAnn Stores, Bed Bath & Beyond and PetsMart. Asking rents range from $17 psf to $22 psf with CAM of $1.89 psf and taxes of $1.40 psf. Area retail includes Target, Kmart, Home Depot, Staples, Wal*Mart and Kohl’s. For more information, contact Lidia Richani, Zaremba Group, LLC, 14600 Detroit Avenue, Suite 1500, Lakewood, OH 44107; 216-221-6600, Fax 216-221-9742; Web site: www.zarembagroup.com.
Century Retail is preleasing Cambridge Oaks, a 25,000 sq.ft. center located at the intersection of U.S. 17-92 and Plumosa Avenue in Casselberry, FL. Area demographics include a population of 212,161 within five miles earning $70,842 as the average household income. The company also is preleasing Orange City Town Center, a 36,000 sq.ft. center located at the intersection of Enterprise Road and Saxon Boulevard in Orange City, FL. Area demographics include a population of 77,995 within five miles earning $53,572 as the average household income. For more information, contact Julia Sosa, Century Retail, 5750 Major Boulevard, Suite 240, Orlando, FL 32819; 407-248-9828, Fax 407-248-9833.
Block & Co., Inc. Realtors is preleasing Tuscany Village, a 250,000 sq.ft. center located at the intersection of Interstate 29 and U.S. Highway 169 in St. Joseph, MO. The center is situated on a land area of 97 acres and has spaces available of 1,200 sq.ft. to 251,000 sq.ft., as well as 14 outlots. Opening is slated for July 2006. Area retail includes Target, Sam’s Club, Best Buy, Home Depot, Wal*Mart, Bed Bath & Beyond and Petco. Area demographics include a population of 88,000 within 10 miles earning $48,000 as the average household income. For more information, contact Mark Levin, Block & Co., Inc. Realtors, 605 West 47th Street, Suite 200, Kansas City, MO 64112; 816-932-5562, Fax 816-932-5552; Email: mlevin@blockandco.com; Web site: www.blockandco.com. |