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New Construction
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New Construction Street Corner Group, LLC is preleasing Grassy Creek Shops, a center located at the intersection of East 30th Street and German Church Road in Indianapolis, IN. The center has spaces available of 1,300 sq.ft. to 11,700 sq.ft., as well as outlots of 34,848 sq.ft.; 47,916 sq.ft. and 65,340 sq.ft. Area demographics include a population of 62,143 within three miles earning $49,750 as the average household income. Asking rents range from $15.50 psf to $16.50 psf with CAM of $1.75 psf and taxes of $1.20 psf. For more information, contact Tim Jordan, Street Corner Group, LLC, 250 East 96th Street, Suite 550, Indianapolis, IN 46240; 317-805-1445 Ext. 20, Fax 317-815-9911; Email: tjordan@street-corner.net; Web site: www.street-corner.net.
Ambrev Commercial Properties is preleasing The Shops at Lafayette Plaza, a 58,000 sq.ft. center located at the intersection of Falls of Neuse and Honeycutt Road in Raleigh, NC. Opening is slated for later this year or early 2007. Area demographics include a population of 44,118 within three miles earning $127,516 as the average household income. For more information, contact Irv Gordon or Paul Wold, Ambrev Commercial Properties, 585-586-7060, Fax 585-704-8648; Email: irvinggordon4@hotmail.com or pfwhbg@frontiernet.net.
The Goldenberg Group is planning to develop ParkWest Town Center, a 308,000 sq.ft. center located at the intersection of 52nd and Jefferson Streets in Philadelphia, PA. The center will be anchored by Lowe’s Home Improvement and ShopRite and will be cotenanted by Wachovia Bank, two restaurants and other retailers. For more information, contact The Goldenberg Group, 350 Sentry Parkway, Building 630, Suite 300, Blue Bell, PA 19422; 610-260-9600, Fax 610-260-0269 or 610-260-0268; Email: info@goldenberggroup.com.
Golf Hill Development is developing Golf Hill Shopping Center located at the intersection of Grass Lake Road and State Park Road in Fox Lake, IL. Opening is slated for January 2007. The center has spaces available of 1,250 sq.ft. and 3,000 sq.ft. Area demographics include a population of 85,000 within five miles. For more information, contact Eugene Petrungaro, Golf Hill Development, 2227 North Manheim Road, Melrose Park, IL 60164; 847-451-1441, Fax 847-451-1471.
NAI Capital Commercial Real Estate Services is preleasing a 100,000 sq.ft. center located at the intersection of Palmdale Road and El Evado Road in Victorville, CA. The center is anchored by CVS. Opening is slated for the first quarter of 2007. Area demographics include a population of 120,946 within five miles earning $59,928 as the average household income. For more information, contact Brandon Beauchemin or Lidia Talavera, NAI Capital Commercial Real Estate Services, 3281 East Guasti Road, Suite 225, Ontario, CA 91761; 909-945-2339; Emails: bbeauchemin@naicapital.com and ltalavera@naicapital.com.
Sandor Development Co. is developing Apex Commons, a center located on U.S. Highway 64 in Apex, NC. Area demographics include a population of 60,357 within three miles earning $101,728 as the average household income. For more information, contact Tim Kushner, Sandor Development Co., 2220 North Meridian Street, Indianapolis, IN 46208; 317-925-9011, Fax 317-927-0725; Web site: www.sandordev.com.
Metro Commercial Real Estate, Inc. is preleasing Silver Spring Square, a 500,000 sq.ft. center located at the intersection of Carlisle Pike and Lambs Gap Road in Harrisburg, PA. Opening is slated for Spring 2007. The center is situated on a land area of 55 acres on the site of the former Silver Spring Speedway. Area demographics include a population of 152,671 within seven miles earning $65,224 as the average household income. For more information, contact Glenn Marvin, Metro Commercial Real Estate, Inc., Eight Tower Bridge, 161 Washington Street, Suite 375, Conshohocken, PA 19428; 610-260-2674, Fax 610-825-5156; Email: gmarvin@metrocommercial.com; Web site: www.metrocommercial.com.
BBG Commercial Development, LLC is developing Shops at Mystic Oak, a 10,500 sq.ft. center located at the intersection of Bruce B. Downs Boulevard and Mystic Oak Boulevard in Wesley Chapel, FL. The center is situated on a land area of 1.25 acres and is tenanted by a day spa and a dry cleaner. Asking rent is $28 psf with CAM and taxes of $6 psf. The site has an average daily traffic count of 16,300 vehicles. Area retail includes Publix, JCPenney, Rooms-To-Go and Sam’s Club. For more information, contact Ginger Alloway, BBG Commercial Development, LLC, 15802 Glenarn Drive, Tampa, FL 33618; 813-545-6221, Fax 813-968-5315; Email: bbgcommercial@tampabay.rr.com.
Coldwell Banker Commercial Bennett Williams is preleasing Cressler Plaza, a center located on West King Street in Shippensburg, PA. The center is anchored by Cressler’s Marketplace and has space available of 75,364 sq.ft. Opening is slated for the spring. Area demographics include a population of 22,159 within five miles earning $44,551 as the average household income. For more information, contact Bradley A. Rohrbaugh or Chad Stine, Coldwell Banker Commercial Bennett Williams, 110 North George Street, Fourth Floor, York, PA 17401; 717-843-5555, Fax 717-843-5550; Emails: brorhbaugh@bennettwilliams.com and cstine@bennettwilliams.com.
Zinkan & Barker is preleasing Springmill Commons, a 110,000 sq.ft. center located at the intersection of 161st Street and Springmill Road in Westfield, IN. Opening is slated for October. The center is anchored by Kroger and has spaces available of 1,200 sq.ft.; 1,600 sq.ft.; 2,000 sq.ft. and 4,400 sq.ft. Area demographics include a population of 286,400 within 10 miles earning $92,800 as the average household income. For more information, contact Debra Courtney, Zinkan & Barker, 5332 North Temple Avenue, Indianapolis, IN 46220; 317-396-1600, Fax 317-396-1616; Email: dcourtney@zinkanandbarker.com.
Tamaqua Associates is preleasing HT Commons, a 204,003 sq.ft. center located at the intersection of Route 309 and Tide Road in Rush Township, PA. Area demographics include a population of 77,750 within 10 miles earning $37,972 as the average household income. The center is anchored by Wal*Mart Supercenter and will include small shop spaces and four acres of outparcels. Opening is slated for this Fall. The company also is preleasing Pittston Commons, a 262,000 sq.ft. center located at the intersection of State Route 315 and Interstate 81 in Pittston, PA. The center will be anchored by Wal*Mart Supercenter and will include 51,200 sq.ft. of small shop spaces. There are also 3.9 acres for available outparcels. Opening is slated for Spring 2007. For more information, contact Perry Russ, Tamaqua Associates, 300 Market Street, Johnstown, PA 15901; 814-532-6186, Fax 814-536-5505; Email: pruss@zamias.net. |