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New Construction
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New Construction Visions Group, Inc. is preleasing Silver Moon Strip Center, a 61,000 sq.ft. center located at the intersection of AJK Boulevard and International Drive in Lewisburg, PA. The center is situated on a land area of 10.75 acres and has spaces available of 4,000 sq.ft.; 6,000 sq.ft. and 7,000 sq.ft. Opening is slated for October. The center is anchored by Wal*Mart Supercenter. Area demographics include a population of 58,000 within five miles earning $50,000 as the average household income. Asking rent is $14.25 psf with CAM of $2.25 psf. For more information, contact William Lash or Chuck Culp, Visions Group, Inc., 302 Buffalo Road, Lewisburg, PA 17837; 570-522-0851, Fax 570-522-0853; Email: csculp@visionsgroupinc.com ; Web site: www.visionsgroupinc.com.
Trout, Segall & Doyle is preleasing Culpepper Crossing, a 625,000 sq.ft. center located at the intersection of James Madison Highway and Germanna Highway in Culpepper, VA. The center is situated on a land area of 84 acres and is slated to open during July 2008. For more information, contact Mark Segall, Trout, Segall & Doyle, 2 Village Square, Suite 219, Baltimore, MD 21210; 410-435-4000, Fax 410-435-4277; Email: msegall@troutsegall.com ; Web site: www.troutsegall.com.
Westfield Group is preleasing Westfield Meriden, a 990,000 sq.ft. center located at the intersection of Interstate 691, Lewis Avenue and Chamberlain Highway in Meriden, CT. The center is situated on a land area of 75 acres and has spaces available. Construction is slated to begin during the spring. Anchors include Filene’s, JCPenney, Sears and Dick’s Sporting Goods. Cotenants include Best Buy. Area demographics include a population of 404,253 within 10 miles earning $65,082 as the average household income. The site has an average daily traffic count of 15,026 vehicles. Area retail includes Circuit City and Target. For more information, contact Patrick Madden, Westfield Group, 470 Lewis Avenue, Meriden, CT 06451; 203-235-3343, Fax 203-634-9137; Email: pmadden@westfield.com ; Web site: www.westfield.com.
Rosamund Property Consultants is preleasing Pineridge Crossing, a 170,000 sq.ft. center located on Highway 74 in Rockingham, NC. Area retail includes Wal*Mart Supercenter. For more information, contact Bruce G. Lynch, Rosamund Property Consultants, 2 North Main Street, PO Box 1989, Wendell, NC 27591; 919-357-9238, Fax 919-573-9635; Email: info@rosamund.net ; Web site: www.rosamund.net.
Zaremba Group is preleasing NorthPointe Center, a 440,994 sq.ft. center located at the intersection of State Route 60 and Northpointe Drive in Zanesville, OH. The site has an average daily traffic count of 31,410 vehicles. The center has spaces available from 1,200 sq.ft. to 25,000 sq.ft., as well as outlots of 55,550 sq.ft. and 65,450 sq.ft., and is anchored by Home Depot, T.J. Maxx, Hobby Lobby and Kohl’s. Cotenants include PetsMart, Famous Footwear, MC Sports, Dollar Tree, Regis Hair and Payless. Demographics include a trade-area population of 162,008 earning $47,930 as the average household income. Area retail includes Colony Square Mall. For more information, contact Lidia Richani, Zaremba Group, 14600 Detroit Avenue, Cleveland, OH 44107; 216-221-6600, Fax 216-221-9742; Email: lrichani@zarembagroup.com ; Web site: www.zarembagroup.com.
Zinkan & Barker Development Co. is developing Springmill Commons of Westfield, a 110,000 sq.ft. center located at the intersection of 161st 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. to 32,000 sq.ft. For more information, contact Debra Courtney, Zinkan & Barker Development Co., 5332 North Temple Avenue, Indianapolis, IN 46220; 317-396-1600, Fax 317-396-1616; Email: dcourtney@flynnandzinkan.com.
Developers Realty Corp. is developing New Town Shops on Main, a mixed-use center with 450,000 sq.ft. of premiere specialty retail shops, 600,000 sq.ft. of commercial space and 450 urban homes in downtown Williamsburg, VA. The center will be anchored by Consolidated Theaters and cotenanted by Ann Taylor Loft, Barnes & Noble Booksellers, Old Navy, Maggie Moo’s Ice Cream, BoneFish Grill, Vivace Day Spa, Panera Bread, California Tortilla, Cacique, The Bear Factory, Cheeburger Cheeburger and high-end fashion retailers. Demographics include a trade-area population of 220,000 earning an average family income of $75,000. For more information, contact David Dumeer, Developers Realty Corp., Corporate Center West, 433 South Main Street, Suite 310, West Hartford, CT 06110; 860-561-0121, Fax 860-521-4323; Email: ddumeer@developers-realty.com ; Web site: www.developers-realty.com.
Jones Real Estate is preleasing a center located at the intersection of La Habra Boulevard and Harbor Boulevard in La Habra, CA. The center is anchored by Big Lots and has spaces available of 876 sq.ft. to 4,000 sq.ft. Cotenants include Starbucks and Subway. For more information, contact Greg Jones, Jones Real Estate, 440 West Whittier Boulevard, La Habra, CA 90631; 562-697-3333 Ext. 21, Fax 562-697-9999; Email: greg@jonere.net ; Web site: www.jonesre.net.
Mid-America Development Partners, LLC is planning to develop a 752,500 sq.ft. center located at the intersection of Illinois Highway 50 and St. George Road in Bradley, IL. The 113-acre development will be divided between two sites, including 40.6 acres immediately north of St. George Road and 72.6 acres immediately to the south. It will have four anchor tenants, including an 88,800 sq.ft. Kohl’s department store, when fully developed. For more information, contact Mid-America Development Partners, LLC, 1110 Jorie Boulevard, Suite 350, Oak Brook, IL 60523; 630-954-7700, Fax 630-954-7701.
Ripco Real Estate Corp. is preleasing Tonnelle Place, a center located at the intersection of Tonnelle Avenue and 69th Street in North Bergen, NJ. Area demographics include a population of 459,705 within three miles earning $92,562 as the average household income. Asking rent is $50 psf. Area retail includes Target, Home Depot, Lowe’s Home Improvement, Pathmark and Dunkin’ Donuts. For more information, contact Jeffrey Portnow, Ripco Real Estate Corp., 420 Jericho Turnpike, Suite 100, Jericho, NY 11753; 516-933-8880, Fax 516-933-2514; Email: jportnow@ricony.com.
DYAS Development, LLC is developing the following two sites in Fairhope, AL: a 20,000 sq.ft. center located at the intersection of Highway 98 and Nichols Avenue. The center is currently tenanted by a Japanese and Mexican restaurant and there is space available of 14,000 sq.ft.; and a 108-acre site that contains 230,000 sq.ft. of retail, business and residential between Highway 98 and County Road 104. For more information, contact Joe A. Ollinger, DYAS Development, LLC, 23210 U.S. Highway 98, Fairhope, AL 36532; 251-990-6000, Fax 251-990-8807; Email: jao@dyasllc.com ; Web site: www.dyasllc.com.
NAI Mertz is preleasing Court at Cross Keys, a 200,000 sq.ft. center located at the intersection of Black Horse Pike and Cross Keys Road in Monroe Township, NJ. Opening is slated for Spring 2007. The center has three outlots available of 5,000 sq.ft. Area demographics include a population of 396,353 within 10 miles earning $66,453 as the average household income. Asking rents range from $18 psf to $20 psf. For more information, contact Marc Cutler, NAI Mertz, 21 Roland Avenue, Mt. Laurel, NJ 08054; 856-234-9600; Email: marc.cutler@naimertz.com ; Web site: www.naimertz.com.
D6 Developments is developing Tabernacle Town Square, a 100,000 sq.ft. center located at the intersection of Route 206 and Tabernacle-Medford Lakes Road in Tabernacle, NJ. Opening is slated for the third quarter of 2007. The center has an outlot available of 6,000 sq.ft. Market rent is $17 psf with CAM of $3 psf and taxes of $2 psf. Area demographics include a population of 53,000 within seven miles earning $124,000 as the average household income. The center is situated on a land area of 19 acres. For more information, contact Jon Mills, D6 Developments, 42 Okner Parkway, Livingston, NJ 07039; 973-422-0145, Fax 201-701-0405; Email: jmills@dbre.com.
WRS, Inc. is preleasing Sanford Village, a 263,000 sq.ft. center located at the intersection of Wilson Road and Highway 87 in Sanford, NC with an average daily traffic count of 24,000 vehicles. Opening is slated for August 2007. The center is anchored by Wal*Mart Supercenter. Demographics include a trade-area population of 93,241 earning $49,253 as the average household income. For more information, contact Jason Smallwood or Erbie Blackwell, WRS, Inc., PO Box 7339, Aiken, SC 29804; 803-649-1411, Fax 803-502-2219; Emails: eblackwell@wrsrealty.com and jsmallwood@wrsrealty.com.
Cottonwood Commercial is preleasing Main Street at Preston Lake, a 160,000 sq.ft. center located at the intersection of U.S. Route 33 and Massanetta Springs Road in Harrisonburg, VA. The site has an average daily traffic count of 24,000 vehicles. Opening is slated for late 2007. Area demographics include a population of 55,090 within five miles earning $51,688 as the average household income. For more information, contact Jared L. Burden, Cottonwood Commercial, 1954 Evelyn Byrd Avenue, Harrisonburg, VA 22801; 540-607-0813, Fax 540-437-3541.
ABRN Development Corp. is preleasing Cape Horn Commons, a center located at the intersection of State Route 24 and Lombardo in Red Lion, PA. Area demographics include a population of 73,080 within five miles earning $59,197 as the average household income. The center has spaces available of 1,750 sq.ft.; 8,000 sq.ft. and 19,000 sq.ft. For more information, contact Richard Nardo, ABRN Development Corp., 768 Hemenway Street, Marlboro, MA 01752; 774-245-7716, Fax 508-251-1877.
1251 Hypoluxo Road, LLC is preleasing a 5,400 sq.ft. center located on Hypoluxo Road in Lantana, FL. Opening is slated for May. Area retail includes Sam’s Club and Winn-Dixie. The site has an average daily traffic count of 33,000 vehicles. For more information, contact Gary C. Heiser, 1251 Hypoluxo Road, LLC, PO Box 31133, Palm Beach Gardens, FL 34910; 561-848-5535, Fax 561-625-3755.
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. The mixed-use project also will include 150 market-rate condominiums and 18,000 sq.ft. of office space. Area demographics include a population of 217,000 within three miles earning $52,380 as the average household income. 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.
Hack Real Estate Associates is preleasing Farmingdale Plaza, a 30,000 sq.ft. center located on Gazza Boulevard in Farmingdale, CT. The center is situated on a land area of 1.6 acres and has spaces available of 1,000 sq.ft. to 15,000 sq.ft., as well as outlots of 3,000 sq.ft. to 4,000 sq.ft. Opening is slated for the first quarter of 2007. Area demographics include a population of 190,000 within five miles earning $75,000 as the average household income. Asking rent is $40 psf NNN. For more information, contact Anthony Murray, Hack Real Estate Associates, 224-19 Union Turnpike, Bayside, NY 11364; 631-806-7474, Fax 718-217-4807; Email: amurray@hackrealestate.com.
Grubb & Ellis Co. is preleasing Tuskatella Center, a 155,000 sq.ft. center located at the intersection of Tustin Street and Katella Avenue in Orange, CA. The center is anchored by T.J. Maxx, Sav-On Drugs and Smart & Final. The company also is preleasing a center located at the intersection of Indian Truck Trail and 15 Freeway in Corona, CA. For more information, contact Dan Samulski or Mark Baziak, Grubb & Ellis Co., 4675 MacArthur Court, Suite 1600, Newport Beach, CA 92660; 949-608-2000, Fax 949-508-2003; Emails: dan.samulski@grubb-ellis.com and mark.baziak@grubb-ellis.com.
American Nevada Co. is developing Aliante Marketplace, a 168,000 sq.ft. center located at the intersection of Interstate 215 Beltway and Aliante Parkway in North Las Vegas, NV. The center is situated on a land area of 20 acres and is slated to open next month. Anchors include Smith’s Food & Drug. Cotenants include KFC, Arby’s, Wells Fargo Bank, Bank West of Nevada, Allstate Insurance, The UPS Store, Great Clips and State Farm Insurance. For more information, contact George H. Okinaka, American Nevada Co., 901 North Green Valley Parkway, Suite 200, Henderson, NV 89074; 702-990-2155, Fax 702-990-9875; Email: george.okinaka@anclv.com.
Archon Group Retail is preleasing Prestonwood Town Center, a 470,000 sq.ft. center located at the intersection of Belt Line and Monfort in Dallas, TX. The site has an average daily traffic count of 55,000 vehicles. Opening is slated for November. The center has spaces available of 7,500 sq.ft.; 15,000 sq.ft. and 20,000 sq.ft., as well as outlots of 60,000 sq.ft.; 70,000 sq.ft. and 75,000 sq.ft., and is anchored by Wal*Mart Supercenter, Barnes & Noble, Circuit City, Office Depot, Petco, Ulta and CompUSA. Cotenants include Kirkland’s, Mattress Giant, McAlister’s Deli, Chase Bank and Wachovia. Area demographics include a population of 334,552 within five miles earning $91,211 as the average household income. Asking rents range from $30 psf to $35 psf with CAM of $2 psf and taxes of $3.60 psf. For more information, contact Robin A. Smith, Archon Group Retail, 600 East Las Colinas Boulevard, Suite 400, Irving, TX 75040; 972-368-2253, Fax 972-368-4099; Email: robin.smith@archongroup.com. |