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New Construction
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New Construction CB Richard Ellis, Inc. is preleasing Amador Ridge, a 35-acre regional community center located at the intersection of Highway 49 and Industry Way in Martell, CA. The site also is planned for residential development. Opening is slated for summer 2006. Anchors include Lowe’s Home Improvement, Safeway, Staples and Applebee’s. Demographics include a trade-area population of 35,895 earning $59,516 as the average household income. The site has an average daily traffic count of 36,300 vehicles. For more information, contact Wayne Stokes, Heath Kastner, Bob Dong and Jared Dong, CB Richard Ellis, 555 Capital Mall, Suite 100, Sacramento, CA 95814; 916-446-8275/8795/8264/6949, Fax 916-446-8750; Emails: wayne.stokes@cbre.com, heath.kastner@cbre.com, bob.dong@cbre.com and jared.dong@cbre.com; Web site: www.cbre.com.
The Legaspi Co. is preleasing a center located at the intersection of Venice and Western Avenues in Los Angeles, CA. The 15,259 sq.ft., two-story neighborhood center is slated to open during the first quarter of next year. Area demographics include a population of 78,788 within one mile. The site has an average daily traffic count of 65,204 vehicles. For more information, contact Stephen Legaspi, The Legaspi Co., 1611 Paramount Boulevard, Montebello, CA 90640; 323-728-8455 Ext. 208, Fax 323-888-8928; Email: stephen@thelegaspi.com; Web site: www.thelegaspi.com.
Vandercar is preleasing Florence Marketplace, a 25,000 sq.ft. center located at the intersection of Houston Road and Kieley Drive in Florence, KY. Opening is slated for September. The center has spaces available of 1,404 sq.ft.; 1,888 sq.ft. and 2,222 sq.ft. and is shadow-anchored by Wal*Mart Supercenter. Area demographics include a population of 439,455 within 10 miles earning $41,242 as the average household income. The site has an average daily traffic count of 26,000 vehicles. Asking rent is $22 psf with CAM of $3 psf. The company also is preleasing Shoppes of Deerfield North, an 8,995 sq.ft. center located at the intersection of Mason Montgomery Road and Bowen Drive in Mason, OH. Opening is slated for September. The center is tenanted by Starbucks. Area demographics include a population of 116,246 within five miles earning $81,496 as the average household income. The site has an average daily traffic count of 45,000 vehicles. Asking rent is $29 psf with CAM of $3 psf. Area retail includes Wal*Mart, Lowe’s Home Improvement, Home Depot, Kroger, Meijer, Sam’s Club and Staples. For more information, contact Ben Hall, Vandercar, 5027 Madison Road, Suite 200, Cincinnati, OH 45227; 513-272-0541, Fax 513-272-3555; Email: benjaminwhall@aol.com.
Petrovich Development Co. is preleasing Curtis Park Village, a 200,000 sq.ft. center located on Sutterville Road, near 24th Street, in Sacramento, CA. Opening is slated for the middle of 2008. The center will also include 600 single and multi-family housing units. Area demographics include a population of 165,475 within three miles earning $92,784 as the average household income. The site has an average daily traffic count of 30,000 vehicles. The company also is preleasing Fair Oaks Promenade, a 103,000 sq.ft. center located at the intersection of Hazel Avenue and Madison Avenue in Fair Oaks, CA. Opening is slated for summer of 2007. Area demographics include a population of 85,686 within three miles earning $92,784 as the average household income. The site has an average daily traffic count of 60,000 vehicles. The company also is preleasing Marconi Square, a center located at the intersection of Marconi Avenue and Eastern Avenue in Sacramento, CA. Opening is slated for summer 2007. Area demographics include a population of 128,346 within five miles earning $63,000 as the average household income. The site has an average daily traffic count of 50,000 vehicles. The company also is preleasing Plaza Forty-One, a 13,000 sq.ft. center located at the intersection of Roseville Parkway and Pleasant Grove Boulevard. Opening is slated for spring 2007. Area demographics include a population of 95,343 within five miles earning $95,000 as the average household income. The site has an average daily traffic count of 40,000 vehicles. For more information, contact Lynn Gibson, Petrovich Development Co., 5046 Sunrise Boulevard, Suite 1, Fair Oaks, CA 95628; 916-966-4600; Email: paul@petrovichdevelopment.com; Web site: www.petrovichdevelopment.com.
Cornish & Carey Commercial Oncor International is preleasing Marina University Village at Monterey Bay, a 1.5 million sq.ft. mixed-use center located at the intersection of Highway 1 and 12th Street in Monterey, CA. The site is located adjacent to California State University Monterey Bay. Area demographics include a population of 229,734 within 10 miles earning $69,032 as the average household income. The site has an average daily traffic count of 145,310 vehicles. Opening is slated for summer 2007. For more information, contact Jim Randolph, Sean O’Carroll, Sandy Berry or Jennifer Hull, Cornish & Care Commercial Oncor International, 2804 Mission College Boulevard, Suite 120, Santa Clara, CA 95054; 408-727-9600, Fax 408-988-6340.
The Taubman Co. is developing The Mall at Partridge Creek, a 640,000 sq.ft. open-air regional center located on the south side of Michigan 59, between Garfield and Romeo Plank in Clinton Township, MI. Opening is slated for October 2007 with Nordstrom to follow in April, 2008. The center will be anchored by Nordstrom, Parisian and MJR Theatres and will include approximately 90 stores and restaurants. For more information, contact The Taubman Co., 200 East Long Lake Road, Suite 300, Bloomfield Hills MI 48303-0200; 248-258-6800, Fax 248-258-7596; Web site: www.taubman.com.
Colliers International is preleasing the expansion of Shopper’s Square, a center located at the intersection of South Virginia Street and East Plumb Lane in Reno, NV. The expansion will add 63,800 sq.ft. Adjacent anchors include Marshalls, Sav-on Drug, Shepler’s Western Wear, Ben Franklin Crafts and McDonald’s. Area demographics include a population of 64,168 within three miles. The site has an average daily traffic count of 58,000 vehicles. The center has spaces available of 1,200 sq.ft. to 55,400 sq.ft. For more information, contact Roxanne Stevenson or Rick Casazza, Colliers International, 5345 Kietzke Lane, Suite 100, Reno, NV 89511; 775-823-4661/4666, Fax 775-823-4699; Emails: rstevenson@colliersreno.com and rcasazza@colliersreno.com.
LMS Commercial Real Estate is preleasing Windsor Commons, a 186,053 sq.ft. center located at the intersection of Cape Horn Road and Lombard Road in Red Lion, PA. Opening is slated for August. The center has space available of 36,960 sq.ft. in an expansion area and is anchored by Giant. Cotenants include Fulton Bank, Commerce Bank, PLCB, Susquehanna Bank, DQ Grill and Chill, Dollar Store, GNC and H&R Block. Area demographics include a population of 208,180 within 10 miles earning $57,159 as the average household income. The site has an average daily traffic count of 45,000 vehicles. For more information, contact Joseph R. Deerin, LMS Commercial Real Estate, 120 North Pointe Boulevard, Suite 301, Lancaster, PA 17601; 717-569-9373, Fax 717-560-9909; Email: mbenjamin@lms-pma.com; Web site: www.lms-pma.com. |