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New Construction
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New Construction Cornerstone Property Advisors is preleasing Northlite, an 18,000 sq.ft. center located at the intersection of Roxie Street and Coldwater Ridge in Kannapolis, NC. Area demographics include a population of 578,689 within 10 miles earning $49,892 as the average household income. Area retail includes Wal*Mart, Sam’s Club, Hobby Lobby and Kohl’s. For more information, contact Todd W. Miller, Cornerstone Property Advisors, 2333 Randolph Road, Suite 135, Charlotte, NC 28207; 704-358-9917, Fax 704-358-9981.
The Swiss Group is preleasing Fishers Place, a 21,000 sq.ft. center located at the intersection of East 116th Street and Allisonville Road in Fishers, IN. Opening is slated for August. The site has an average daily traffic count of 30,000 vehicles and is situated on a land area of eight acres. Spaces available range from 1,200 sq.ft. to 8,000 sq.ft., as well as four outlots from one acre each. Area demographics include a population of 124,644 within five miles earning $88,226 as the average household income. Asking rents range from $22 psf to $24 psf. Area retail includes Kroger, Marsh, CVS, Starbucks, Sherwin-Williams and Sears Hardware. The company also is preleasing Franklin Corners, a 16,300 sq.ft. center located at the intersection of Arlington Avenue and Thompson Road in Indianapolis, IN. Opening is slated for August. The center is anchored by CVS and Dollar General. Area demographics include a population of 134,148 within five miles earning $49,912 as the average household income. Asking rents range from $13 psf to $15 psf. The company also is preleasing Kimmel Road Shoppes, a 10,000 sq.ft. center located at the intersection of Hart Street and Kimmel Road in Vincennes, IN. Tenants include Cingular, Allied Cash Advance and LA Weight Loss. Asking rents range from $19 psf to $23 psf. Area demographics include a population of 28,763 within 10 miles earning $39,977 as the average household income. The center is situated on a land area of 1.19 acres.
For more information,
contact Barbara Thomas, The Swiss Group, 3985 West 106th Street,
Suite 110, Carmel, IN 46032; 317-816-9270, Fax 317-816-9271; Email:
fswiss@swissgroup.com; Web site:
www.swissgroup.com. Kowit & Passov Real Estate Group is preleasing The Shoppes of Mill Avenue, a center located at the intersection of Mill Avenue and Route 250 in New Philadelphia, OH. Opening is slated for the summer. Area demographics include a population of 67,971 within 10 miles earning $45,824 as the average household income. Asking rent is $16 psf. Area retail includes JCPenney, Wal*Mart, Lowe’s Home Improvement, Staples and Sears. For more information, contact Tori Nook, Kowit & Passov Real Estate Group, 25200 Chagrin Boulevard, Suite 300, Beachwood, OH 44122; 216-514-5100, Fax 216-514-5106; Email: tnook@kowitpassov.com; Web site: www.kowitpassov.com.
Silver Creek Properties is preleasing Palmdale Spectrum, a 61,520 sq.ft. center located at the intersection of NWC Freeway and 10th Street West in Palmdale, CA. The site has an average daily traffic count of 96,625 vehicles. Area demographics include a population of 288,822 within 10 miles earning $60,128 as the average household income. Area retail includes Antelope Valley Mall, Sam’s Club, Kohl’s and Wal*Mart Supercenter. For more information, contact Eric Knudson or Joe Tavormina, Retail Net Lease Properties, 360 North Sepulveda Boulevard, Suite 1020, El Segundo, CA 90245; 310-252-7656, Fax 310-414-0040.
The Rotella Group, Inc. is preleasing City Garden, a 24,000 sq.ft. center located at the intersection of U.S. 1 and NE 4th Street in Pompano Beach, FL. The site has an average daily traffic count of 37,600 vehicles. Opening is slated for late next year. Area demographics include a population of 231,885 within five miles earning $60,571 as the average household income. Asking rent is $25 psf with CAM of $3.50 psf and taxes of $4 psf. The center will be situated on a land area of three acres. For more information, contact Steve Miller, The Rotella Group, Inc., 3300 North Federal Highway, Suite 200, Fort Lauderdale, FL 33306; 954-568-9015, Fax 954-568-9597; Email: steve@rotellagroup.com; Web site: www.rotellagroup.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. Opening is slated for May. Area demographics include a population of 100,000 within five miles earning $115,000 as the average household income. Asking rent is $35 psf with CAM of $6 psf and taxes of $3 psf. The center is situated on a land area of 24 acres. For more information, contact Peter Brock, Brock Development, 1551 Forum Place, West Palm Beach, FL 33401, Suite 100, West Palm Beach, FL 33401; 561-684-1040, Fax 561-686-9940.
Vita & Vita Realty Corp. is preleasing Campus Plaza, a 51,393 sq.ft. center located at the intersection of Route 10 and Dover-Chester Road in Randolph, NJ. Opening of Phase I is slated for May. The center is situated on a land area of nine acres and has spaces available of 1,500 sq.ft. to 9,900 sq.ft. Anchors include CVS Pharmacy and Randolph Medical Arts Buildings. The center is cotenanted by a bank. For more information, contact Tony Vita, Vita & Vita Realty Corp., 277 Fairfield Road, Fairfield, NJ 07004; 973-227-5233; Web site: www.vitarealty.com.
Colliers Arnold – Tampa is preleasing Shoppes of Southbay, a 125,000 sq.ft. center located at the intersection of U.S. 301 and Big Bend Road in Riverview, FL. The center is situated on a land area of 30 acres and has spaces available of 1,400 sq.ft. to 7,500 sq.ft., as well as two outlots of 40,000 sq.ft. Opening is slated for the fourth quarter of this year. The center is anchored by Sweebay Supermarket and is cotenanted by Panera Bread, Fifth Third Bank, Great Clips and Planet Beach. Demographics include a population of 153,717 within 10 miles. The site has an average daily traffic count of 21,000 vehicles. Asking rent is $25 psf with CAM of $1.20 psf and taxes of $3 psf. For more information, contact Tom Hand, Colliers Arnold – Tampa, 4350 West Cypress Street, Tampa, FL 33607; 813-221-2290, Fax 813-224-9403; Email: thand@colliersarnold.com; Web site: www.colliersarnold.com.
Seattle Pacific Realty is preleasing Lakewood Crossing, a 476,000 sq.ft. center located at the intersection of Interstate 5 and 172nd Street in Marysville, WA. Opening is slated for October. Anchors include Costco and Target. Demographics include a population of 46,438 within five miles earning $71,824 as the average household income. Area retail includes Winco, Kohl’s, Wal*Mart, Lowe’s Home Improvement, Safeway and Chelsea Outlets. For more information, contact Elizabeth Best, Seattle Pacific Realty, 1904 Third Avenue, Suite 710, Seattle, WA 98101; 206-682-3100, Fax 206-682-3011.
Winick Realty Group is preleasing a 25,000 sq.ft. site located at the intersection of Sixth Avenue and 18th Street in New York, NY. The site will include 7,000 sq.ft. on the ground floor; 9,200 sq.ft. on the second floor and 9,460 sq.ft. on the lower level. Opening is slated for Spring 2007. For more information, contact Jeffrey Winick, Winick Realty Group, 655 Third Avenue, 8th Floor, New York, NY 10017; 212-792-2601.
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