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New Construction
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New Construction TRI Commercial Real Estate, Inc. is developing a 15,000 sq.ft. center located on Highway 99 in Galt, CA. Opening is slated for September. Area demographics include a population of 94,691 within 10 miles earning $95,392 as the average household income. Area retail includes Ralphs Center. For more information, contact Scott Cash, TRI Commercial Real Estate, Inc., 2250 Douglas Boulevard, Suite 200, Roseville, CA 95661; 916-677-8127, Fax 916-677-8199; Email: scash@tricommercial.com; Web site: www.tricommercial.com.
Brock Development is developing Donald Ross Village, a 220,000 sq.ft. center located at the intersection of Military Trail and Donald Ross Road in Palm Beach Gardens, FL. The center will be situated on a land area of 24 acres. Opening is slated for May. The center will be anchored by Gold’s Gym, Citibank, Bella Cucina and a medical center. Area demographics include a population of 100,000 within five miles earning $115,000 as the average household income. The site has an average daily traffic count of 51,000 vehicles. Asking rent is $35 psf with CAM of $6 psf and taxes of $3 psf. For more information, contact Peter Brock, Brock Development, 1551 Forum Place, Suite 100, West Palm Beach, FL 33401; 561-684-1040, Fax 561-686-9940.
Wilfong Retail Investments, LLC is preleasing Phase III of Glenmark Center located on Interstate 68 in Morgantown, WV. The center has space available of 70,000 sq.ft. and is slated to open during the Fall. Anchors include Star Furniture. Cotenants include a wireless phone store, jewelry store and a dollar store. The site has an average daily traffic count of 30,000 vehicles. Area demographics include a population within five miles earning $50,000 as the average household income. For more information, contact Gary Wilfong, Wilfong Retail Investments, LLC, 1042 Kimberly Circle, Fairmont, WV 26554; 304-290-0070, Fax 304-366-5135; Email: garywilfong@adelphia.net.
Cormac Co. is preleasing Corbin Park, a 1.1 million sq.ft. center located at the intersection of 135th Street and Metcalf in Overland Park, KS. Opening is slated for October 2007. The center is situated on a land area of 96 acres and is anchored by Lifetime Fitness and Von Maur. Area demographics include a population of 554,405 within 10 miles earning $80,555 as the average household income. For more information, contact Steve Dunn, Cormac Co., 16820 Francis Street, Suite 102, Omaha, NE 68130; 402-691-6003, Fax 402-691-6001; Email: steve@cormaccompany.com; Web site: www.cormaccompany.com.
Brant Cos. is developing Hickory Plaza, a center located at the intersection of Edison and Hickory in South Bend, IN. The center will be situated on a land area of 1.5 acres and has spaces available. Opening is slated for June. Anchors include Cardinal Fitness. The site has an average daily traffic count of 45,000 vehicles. Asking rent is $18 psf. The company also is developing a center located at the intersection of U.S. Route 30 and Harvest Drive in Schererville, IN. Opening is slated for June. The site has an average daily traffic count of 45,000 vehicles. Asking rent is $18 psf. For more information, contact Jeff Brant, Brant Cos., 1947 Woodlawn Avenue, Griffith, IN 46319-1045; 219-838-2300, Fax 219-838-5218; Email: jbrant@brantco.com; Web site: www.brantco.com.
Bundsahn Kraft, Inc. is preleasing Plantation Plaza, a center located at the intersection of Daniels Parkway and Plantation Road in Fort Myers, FL. Opening is slated for October. Asking rents range from $21 psf to $25 psf with CAM of $4.25 psf. Area retail includes Orion Center, Sweetbay Supermarket and Shoppes at Plantation. For more information, contact Karen Goncalves, Bundsahn Kraft, Inc., 6700-1 Daniels Parkway, Fort Myers, FL 33912; 239-693-1000, Fax 239-693-0100.
Caton Commercial Real Estate Group is preleasing Bronk’s Corners, a 190,000 sq.ft. center located at the intersection of Illinois Route 59 and Theodore in Joliet, IL. The site has an average daily traffic count of 21,000 vehicles. Opening is slated for next year. The center will be situated on a land area of 40 acres. Area demographics include a population of 116,000 within five miles earning $86,388 as the average household income. Area retail includes Wal*Mart, Target and Cub Foods. For more information, contact Steve Caton, Caton Commercial Real Estate Group, 308 West Roberts Avenue, Plainfield, IL 60544; 815-436-5700, Fax 815-439-3370; Web site: www.bronkscorners.com.
Infinity Texas Development is developing Rayford Ridge Retail Center located at the intersection of Rayford Road and Richards Road in The Woodlands, TX. Opening is slated for May. The center has spaces available of 1,700 sq.ft.; 2,200 sq.ft. and 4,500 sq.ft., as well as outlots of 4,500 sq.ft. and 1,300 sq.ft., and is anchored by MW Cleaners. The site has an average daily traffic count of 43,000 vehicles. For more information, contact Amy Marquis, Infinity Texas Development, 200 Valleywood, Suite A 400, The Woodlands, TX 77386; 281-296-2900, Fax 281-296-0577; Email: amarquis@infinitytexas.com.
Woolbright Development is developing Collection at Vanderbilt, a 291,000 sq.ft. center located at the intersection of Vanderbilt Beach Road and Airport Pulling Road in Naples, FL. The center will be situated on a land area of 22 acres and has spaces available of 1,000 sq.ft. to 20,000 sq.ft. Opening is slated for later this year. The site has an average daily traffic count of 55,000 vehicles. The center is anchored by Fresh Market and is cotenanted by Starbucks, Pauli Moto’s and Pei Wei Asian Diner. Area demographics include a population of 263,711 within 10 miles earning $58,192 as the average household income. Asking rent is $40 psf. For more information, contact Lindsey Alexander, Woolbright Development, 3200 North Military Trail, Boca Raton, FL 33431; 561-989-2240, Fax 561-994-5012; Email: lalexander@woolbright.net; Web site: www.woolbright.net.
Casto is developing Eastland Centre located on Hamilton Road in southeastern Columbus, OH. The 145,530 sq.ft. center has spaces available and is tenanted by Staples, Petland, Olive Garden, McDonald’s, Kohl’s and Dragon Buffet. For more information, contact Steven D. Friedman, Casto, 191 West Nationwide Boulevard, Suite 200, Columbus, OH 43215; 614-228-5331; Web site: www.castoinfo.com.
First Commercial Realty is preleasing Woodhaven Commons, a 310,000 sq.ft. center located in Woodhaven, MI. Opening is slated for Spring 2006. The center has spaces available of 1,700 sq.ft.; 3,500 sq.ft. and 32,070 sq.ft. and is anchored by Kroger, Target and HomeGoods. Cotenants include GNC, Quiznos, CiCi’s Pizza and a beauty supply store. Area demographics include a population of 130,680 within five miles earning $75,272 as the average household income. Asking rent is $20 psf with CAM of $3.50 psf. The company also is preleasing Copperwood, a 120,000 sq.ft. center located at the intersection of 10 Mile and Johns Road in South Lyon Township, MI. Opening is slated for Spring 2007. Area demographics include a population of 337,219 within 10 miles earning $99,000 as the average household income. Asking rent is $25 psf. For more information, contact Deb Munro, First Commercial Realty, 27600 Northwestern Highway, Southfield, MI 48034; 248-352-5000, Fax 248-352-2144; Email: dmunro@firstcommercial.net; Web site: www.firstcommercial.net.
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