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New Construction
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New Construction Pelican Bay Development is developing a 23,400 sq.ft. upscale retail center on U.S 441 and Fern Drive in Leesburg, FL. Construction of Gator Crossing is slated to begin mid-2007. The center will feature a four-story, 100-room hotel and a 7,500 sq.ft. restaurant endcap. Area demographics include a population of 43,204 within five miles earning $46,503 as the average household income. Area retail includes a Harley-Davidson dealership. For more information, contact Pelican Bay Development, 26381 South Tamiami Trail, Suite 300, Bonita Springs, FL 34134; 239-498-5363, Fax 239-498-5364; Email: info@pelbaydev.com; Web site: www.pelbaydev.com.
Edgemark Development, LLC is developing a 415,000 sq.ft. retail center in Morris, IL at the intersection of Illinois 47 and Granville Road. The anchors at Morris Crossing will be a 138,000 sq.ft. Lowe’s Home Improvement and a 126,839 sq.ft. discount department store. There are inline and outlot opportunities available. Area demographics include a population of 86,076 within 15 miles earning $83,835 as the average household income. For more information, contact Joanne Sutryk or Mike Wesley, Edgemark Development, LLC, 2215 York Road, Suite 503, Oak Brook, IL 60523; 630-572-5609 or 630-572-5610, Fax 630-472-1019; Emails: jsutryk@edgemarkllc.com and mwesley@edgemarkllc.com; Web site: www.edgemarkllc.com.
Landmark Real Estate Co., LLC is preleasing Franklin Square Lifestyle, a 22,200 sq.ft. strip center in Ramsey, NJ at the intersection of North Franklin Turnpike and Spring Street. There are spaces available of 1,700 sq.ft., 1,850 sq.ft., 2,000 sq.ft. and 4,000 sq.ft. Opening is slated for late Spring 2007. The center is anchored by Walgreens. Asking rent is $60 psf. For more information, contact Laurence Liebowitz, Landmark Real Estate Company, LLC, 555 Miller Court, Wyckoff, NJ 07481; 201-560-1800, Fax 201-560-0600; Email: ll@landmarkreco.com.
Gulfstream Commercial Services, LLC is preleasing New Towne Station, an 88-acre lifestyle center in Hopkinsville, KY at the intersection of Highway 41A, Interstate 24 and Pennyrile Parkway. The center will be anchored by a movie complex. Area retail includes Wal*Mart Supercenter and Lowe’s Home Improvement. The company also is preleasing Highland Pointe, located in Owensboro, KY. The center will have a GLA of 400,000 sq.ft. Opening is slated for Fall 2007. For more information about New Towne Station, contact Dave Beauregard, Gulfstream Commercial Services, LLC, 2960 Fairview Drive, Owensboro, KY 42303; 866-218-1625; Email: davebeauregard1@earthlink.net. For more information about Highland Pointe, contact Bradley Anderson; 270-685-9007; Email: brada@gulfstreamdev.com.
Heritage Creek Development Corp. is developing Old National Market Place, a 260,000 sq.ft. center in College Park, GA on Old National Highway. The center also will consist of 40,000 sq.ft. of retail and restaurant space on seven outparcels. Opening is slated for the second quarter of 2008. Area demographics include a population of 131,174 with earning $45,716 as the average household income. For more information, contact Robin Rose David, CB Richard Ellis, 100 North Sepulveda Boulevard, Suite 1050, El Segundo, CA 90245; 404-923-1455; Web site: www.cbre.com.
NAI Isaac Commercial Properties is preleasing Longhunters Square, a 160,000 sq.ft. shopping center in Glasgow, KY at the intersection of KY 90 and Glasgow Outer Loop. Spaces of 1,400 sq.ft. and up are available with rents of $8.50 psf to $16 psf NNN. The average daily traffic count is 18,880 vehicles. Area retail includes Wal*Mart Supercenter. For more information, contact Paul Ray Smith, Jr. or Jim Kemper, NAI Isaac Commercial Properties, 771 Corporate Drive, Suite 300, Lexington, KY 40503; 859-422-4401/4407; Emails: prsmith@naiisaac.com and jimkemper@naiisaac.com; Web site: www.naiisaac.com.
Asadoorian Retail Solutions is preleasing space at the Rhode Island Place, a 229,066 sq.ft. strip center located in Washington, DC at the intersection of Rhode Island Avenue and Reed Street. Outlots of 7,000 sq.ft. are available and divisible down to 2,000 sq.ft. Groundbreaking is slated for Summer 2007. The center is anchored by Home Depot, Giant Food and AJ Wright. Other tenants include Anna’s Linens, Radio Shack, Foot Locker, Citibank, Rainbow, Shoe City, Downtown Locker Room and America’s Best Optical. Area demographics include a population of 691,350 located within five miles earning $51,984 as the average household income. For more information, contact Jeff Handler, Asadoorian Retail Solutions, 3205 North Street, Washington, DC, 20007; 703-425-0605, Fax 703-425-6828; Email: jeff@asaretail.com; Web site: www.asaretail.com.
Kinsman Ventures, LLC is developing Grapevine Village, a mixed-use development located in Grapevine, TX at the intersection of North Highway 121 and Grapevine Mills Boulevard. The 50-acre site will feature hospitality, office, retail and restaurants. Nearby draws include 800 condominiums and townhouses, Grapevine Mills Mall, LA Fitness, Ashley Furniture and La-Z-Boy. Area demographics include a population of 643,227 within 10 miles earning $97,400 as the average household income. For more information, contact Tony Bowen, Kinsman Ventures, LLC, 6205 Chapel Hill Boulevard, Suite 500, Plano, TX 75093; 972-378-7793; Email: tbowen@kinsmanventures.com; Web site: www.kinsmanventures.com.
Hill-Granados Retail Partners, LP is preleasing The Fountains at Live Oak, an 850,000 sq.ft. shopping center located in Live Oak, TX at the intersection of Loop 1604 North and Interstate 35 East. Available spaces are 1,000 sq.ft. to 100,000 sq.ft. with rents of $15 psf to $32 psf. Area retail includes Target, Home Depot, Kohl’s, Borders Books, Ross Dress for Less, Best Buy and Hobby Lobby. Area demographics include a population of 366,221 within 10 miles earning $68,324 as the average household income. The average daily traffic count is 201,000 vehicles. Groundbreaking is scheduled for next month. The company also is developing Park North, a one million sq.ft. shopping center located in San Antonio, TX at the intersection of Loop 410 and Blanco Road. Phase two groundbreaking is scheduled for March 2007. Phase one is complete and houses Lion & Rose, MattressFIRM, Cold Stone Creamery, Oodles, Cingular, Quiznos and Jim’s. Area retail includes Saks Fifth Avenue, Dillards, Macy’s and Foley’s. Area demographics include a population of 991,938 within 10 miles earning $59,488 as the average household income. For more information on The Fountains at Live Oak, contact Michael Jersin, Albert McNeel or Warren Richardson, Hill-Granados Retail Partners, LP, 7122 San Pedro, Suite 114, San Antonio, TX 78216; 210-477-8848/8846/8847; Emails: jersin@hill-partners.com, mcneel@hill-partners.com or richardson@hill-partners.com; Web site: www.hpitx.com.
Fidelis Realty Partners is preleasing space at The Marketplace at Bunker Hill located at the intersection of Interstate 10 and Bunker Hill in Houston, TX. Anchor tenants include HEB, PetSmart and Circuit City. The average daily traffic count is 490,070 vehicles. Area demographics include a population of 364,411 within five miles earning $78,903 as the average household income. Construction is slated to commence Summer 2007. For more information, contact Fidelis Realty Partners, 19 Briar Hollow Lane, Suite 100, Houston, TX; 713-623-8000.
Clarke-Wyndham Real Estate Investment Services is developing Wolf Pen Village, a retail/restaurant development at the intersection of the Earl Rudder Freeway and Holleman Drive in College Station, TX. Phase one of the development will contain 30,000 sq.ft. of retail and restaurant space that is anchored by Cavender’s Boot City. Approximately 15,000 sq.ft. of retail space will be available for lease in Phase one with rents ranging from $16 psf to $20 psf NNN. Area retail includes Dillard’s, Foleys, Sears, JCPenney and Bealls. The average daily traffic count is 70,000 vehicles. Area demographics include a population of 116,257 earning $44,360 as the average household income. For more information, contact R. Wayne Cotter, Clarke-Wyndham Real Estate Investment Services, 3608 East 29th Street, Suite 100, Bryan, TX 77802; 979-846-4384, Fax 979-846-1461; Email: wcotter@clarkewyndham.com.
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