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New Construction
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New Construction Simon Property Group is developing Jersey Shore Premium Outlets, a 430,000 sq.ft. center located in Tinton Falls, NJ. The center will feature an outdoor village-style center with 120 designer and name brand outlet stores. Opening is slated for the fall. The company also is developing Merrimack Premium Outlets, a 430,000 sq.ft. center located in Merrimack, NH. The center will feature an outdoor village-style design with 120 designer and name brand stores. Opening is slated for 2007. The company also is developing Philadelphia Premium Outlets, a 430,000 sq.ft. center located in Limerick Township, PA. The center will feature an outdoor village-style design with 120 designer and name brand stores. Opening is slated for 2007. For more information, contact Simon Property Group, Inc., 115 West Washington Street, Indianapolis, IN 46204; 317-636-1600; Web site: www.simon.com.
Loeb Properties is preleasing Belvedere Collection, a 19,190 sq.ft. center located on Union Avenue in Memphis, TN. Opening is slated for March. The center is anchored by First Tennessee Bank and Pei Wei Asian Diner. Area demographics include a population of 127,858 within three miles earning $40,186 as the average household income. The site has an average daily traffic count of 46,808 vehicles. For more information, contact Carey White, Loeb Properties, 5264 Poplar Avenue, Memphis, TN 38119; 901-866-1117, Fax 901-761-3334.
Land Capital Group, Inc. is preleasing Shoppes at Bissonnet, a center located at the intersection of State Highway 6 and Bissonnet Street in Houston, TX. The center is situated on a land area of 1.46 acres, has space available of 10,000 sq.ft. and is anchored by Kroger. Market rent is $18 psf. Area demographics include a population of 262,777 within five miles earning $50,464 as the average household income. The site has an average daily traffic count of 106,180 vehicles. Opening is slated for September. The company also is preleasing Eagle Pass Crossing, a center located at the intersection of South Bibb Street and Garrison Street in Eagle Pass, TX. The center is situated on a land area of 6.41 acres, has space available of 23,800 sq.ft. and is anchored by Wal*Mart Supercenter. Cotenants include GameStop and Sally Beauty. Market rent is $20 psf.
For more information, contact Gary Hall, Land Capital Group, Inc., 1850 Sidewinder Drive, Park City, UT 84060; 435-214-5575, Fax 435-214-5474; Email: ghall@landcapital.com.
Unicorp National Developments, Inc. is developing Dellagio, a 110,000 sq.ft. center located on West Sand Lake Road in Orlando, FL. The center also will include 118 upscale luxury townhomes. For more information, contact Amy Young, Unicorp National Developments, Inc., 7505 West Sand Lake Road, Orlando, FL 32819; 407-999-9985, Fax 407-999-9961; Email: ayoung@unicorpdevelopment.com.
The Shopping Center Group, LLC is preleasing Promenade at North Market, a 23,889 sq.ft. center located in downtown Wilmington, NC. The center is currently 76% occupied. The site has an average daily traffic count of 58,000 vehicles. Area demographics include a population within three miles earning $45,126 as the average household income. For more information, contact The Shopping Center Group, LLC, Investment Sales & Finance Division, 3101 Towercreek Parkway, Suite 200, Atlanta, GA 30339; 770-955-2434, Fax 770-951-0054; Web sites: www.tscginvestments.com and www.theshoppingcentergroup.com.
Hack and Associates is preleasing Springfield Plaza, a center located at the intersection of Merrick Boulevard and Springfield Boulevard in Springfield Gardens, NY. The center has space available of 6,200 sq.ft. and is tenanted by Papa John’s, Dunkin’ Donuts and Golden Crust. Opening is slated for the first quarter of 2006. The company is preleasing Maspeth Plaza, a 12,000 sq.ft. center located at the intersection of Grand Avenue and Flushing Avenue in Maspeth, NY. Opening is slated for May. The center is tenanted by Carvel, Chase Bank and Duane Reade. Asking rent is $35 psf with CAM of $1.01. For more information, contact Anthony Murray, Hack and Associates, 226-19 Union Turnpike, Bayside, NY 11364; 631-806-7474, Fax 718-217-4807; Email: amurray@hackrealestate.com.
Kline Commercial Realty is preleasing The Shops at Resevoir, a 15,000 sq.ft. center located at the intersection of Reservoir Street and Neff Avenue in Harrisonburg, VA. Opening is slated for November. The stores range in size from 1,500 sq.ft. to 8,000 sq.ft. For more information, contact Jared L. Burden, Kline Commercial Realty, 1954 Evelyn Byrd Avenue, Harrisonburg, VA 22801; 540-437-3540, Fax 540-437-3541; Email: jared.burden@klinecommercial.com.
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.
Hovland Real Estate is preleasing Marquesa, a center located on Pine Ridge Road, one mile from Interstate 75, in Naples, FL. Opening is slated for the middle of this year. The center has space available from 1,400 sq.ft. The site has an average daily traffic count of 52,000 vehicles. The company also is preleasing Estero Ridge, a center located at the intersection of Estero Parkway and U.S. 41 in Estero, FL. The center has spaces available from 1,600 sq.ft. and is situated across from a proposed Wal*Mart Supercenter. For more information, contact Hovland Real Estate, 11983 Tamiami Trail North, Suite 100, Naples, FL 34110; 239-594-7777, Fax 239-591-2612; Web site: www.hovlandrealestate.com.
Brooks & Goldman Realty, LLP is preleasing Hampstead Marketplace, a 67,000 sq.ft. center located at the intersection of Hanover Pike and Eagle Ridge Court in Hampstead, MD. The center is situated on a land area of 10 acres. Spaces available range from 1,500 sq.ft. to 6,000 sq.ft., as well as an outlot of 25,000 sq.ft. Opening is slated for Fall 2007. Area demographics include a population of 28,100 within five miles earning $73,100 as the average household income. The site has an average daily traffic count of 26,100 vehicles. Area retail includes Wal*Mart Supercenter. Asking rent is $22 psf with CAM and taxes of $3.51 psf. For more information, contact Adam Kaftol, Brooks & Goldman Realty, LLP, PO Box 32591, Baltimore, MD 21282-2591; 410-484-6900, Fax 410-484-8642; Email: akaftol@brogol.com. |