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New Construction
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New Construction Pacific Integrated Capital is preleasing 80,000 sq.ft. of outlot sites to be built on a nine-acre parcel at Quartz Hill Plaza, a center located at the intersection of West Avenue North and 50th Street in Palmdale, CA. The center is situated on a land area of 19 acres and is shadow-anchored by Hollywood Video and Albertsons. Cotenants include Del Taco, Carl’s Jr., Quiznos, Coldstone Creamery and Costcutters hair salon. Opening is slated for Summer 2008. Area demographics include a population within 10 miles earning $141,000 as the average household income. For more information, contact Bruce Mehdiani, Pacific Integrated Capital, 15477 Ventura Boulevard, Suite 200, Sherman Oaks, CA 91403; 818-917-7424, Fax 818-995-6176; Email: bruce.me@sbcglobal.net.
Bierbrier Development, Inc. is developing Arlington Village Shops, a 21,666 sq.ft. center located at the intersection of Massachusetts Avenue and Paul Revere Road in Arlington, MA. The site has an average daily traffic count of 24,000 vehicles. Opening is slated for Spring 2007. The center is anchored by Panera Bread and cotenants include Hollywood Video. Area demographics include a population of 110,228 within three miles earning $110,220 as the average household income. Asking rent is $35 psf with CAM of $5 psf NNN. For more information, contact Casey Piche, Bierbrier Development, Inc., 420 Bedford Street, Lexington, MA 02420; 781-863-1800, Fax 781-862-0613; Email: cpiche@bierbrierdevelopment.com; Web site: www.bierbrierdevelopment.com .
Lee & Associates Commercial Real Estate Services is preleasing Monterey Marketplace II, a 107,500 sq.ft. center located at the southwest corner of Monterey and Dinah Shore in Rancho Mirage, CA. The center has spaces available of 1,200 sq.ft. to 25,000 sq.ft. and is situated on a land area of 10 acres. The site has an average daily traffic count of 70,000 vehicles. Anchors include DSW and Plummers. Area retail includes Wal*Mart Supercenter, Costco, Sam’s Club and Home Depot. For more information, contact Jeff Stanley, Nick Wirick or Katherine Hunt, Lee & Associates Commercial Real Estate Services, 3240 Mission Inn Avenue, Riverside, CA 92507; 951-276-3600; Web site: www.lee-associate.com.
The Clover Co. is preleasing The Village at La Puente, a 122,000 sq.ft. mixed-use center, of which 104,000 sq.ft. is designated as retail space, located at the intersection of Hacienda Boulevard and Fairgrove Avenue in La Puente, CA. Area demographics include a population of 217,000 within three miles earning $52,380 as the average household income. The project will include approximately 150 condominiums and about 18,000 sq.ft. of office space. For more information, contact Anthony Mansour, or Damian Nelson, The Clover Co., 8675 Washington Boulevard, Suite 201, Culver City, CA 90232; 310-815-8611, Fax 310-815-8612; Emails: amansour@clovercompany.com and dnelson@clovercompany.com; Web site: www.clovercompany.com.
Lorig Associates, LLC is preleasing Thornton Place, a center located off Interstate 5, just south of Northgate Mall, in Seattle, WA. The project is situated on a land area of 4.2 acres and will contain approximately 50,000 sq.ft. of retail space, a 16-screen movie theater, 109 condominiums and 277 apartments. Opening is slated for Spring 2009. For more information, contact Harold Javete, Lorig Associates, LLC, 2025 First Avenue, Suite 420, Seattle, WA 98121; 206-727-5274, Fax 206-728-5847; Email: hjavete@lorig.com; Web site: www.lorig.com.
NAI Norris, Beggs & Simpson is preleasing Canby Place, a center located at the intersection of Highway 99 East and Berg Parkway in Canby, OR. The center will include over 12,000 sq.ft. of retail and office space. Cotenants include KFC, A&W and Burger King. Area retail includes Safeway, Burgerville, Rite Aid, Ace Hardware, Taco Bell and McDonald’s. The site has an average daily traffic count of 25,800 vehicles. For more information, contact Jack Gallagher or J.J. Unger, NAI Norris, Beggs & Simpson, 121 SW Morrison Street, Suite 200, Portland, OR 97204; 503-223-7181, Fax 503-273-0256; Emails: jgallagher@nbsrealtors.com and junger@nbsrealtors.com; Web site: www.nai-nbs.com.
RED Development is developing The Promenade at Fulton Ranch, a planned 150,000 sq.ft. center located at the northeast corner of Alma School and Chandler Heights Roads in Chandler, AZ. The lifestyle center will include high-end and specialty retail stores. The company also is developing Fulton Ranch Marketplace, a 36,000 sq.ft. center located at the northeast corner of Arizona Avenue and Chandler Heights Road in Chandler, AZ. The project will be a neighborhood shopping center, including office space. Area demographics include a population of 141,744 within five miles earning $71,407 as the average household income. For more information, contact RED Development, 6263 North Scottsdale Road, Suite 330, Scottsdale, AZ 85250; 480-947-7772, Fax 480-947-7997; Web site: www.reddevelopment.com.
Coldwell Banker Commercial Scalzo Group is preleasing Highland Plaza, a 40,000 sq.ft. center located on Route 25 in Newtown, CT. The center is situated on a land area of eight acres and is slated to open during Spring 2007. Area demographics include a population of 220,000 within 10 miles earning $97,000 as the average household income. The center has spaces available of 5,000 sq.ft.; 6,400 sq.ft. and 13,600 sq.ft. The site has an average daily traffic count of 23,000 vehicles. Markets rents range from $20 psf to $30 psf, while asking rent is $24 psf. Area retail includes Sand Hill Plaza. For more information, contact Robert Cascella, Coldwell Banker Commercial Scalzo Group, 65 Stony Hill Road, Bethel, CT 06801; 203-205-7679, Fax 203-797-2022; Email: cascella@coldwellbankerscalzo.com; Web site: www.coldwellbankerscalzo.com.
Cornish & Carey Commercial Oncor International is preleasing a center located on South De Anza Boulevard in San Jose, CA. Opening is slated for the fourth quarter of 2007. The center has space available of 8,000 sq.ft. and is tenanted by Applebee’s. Area demographics include a population of 386,326 within five miles earning $122,594 as the average household income. Area retail includes Home Depot. For more information, contact Sean O’Carroll, Damon Scholl or Matt Sweeney, Cornish & Carey Commercial Oncor International, 2804 Mission College Boulevard, Suite 120, Santa Clara, CA 95054; 408-727-9600, Fax 408-988-6340; Emails: socarroll@ccarey.com, dscholl@ccarey.com and msweeney@ccarey.com; Web site: www.ccarey.com.
Armstrong Development Properties, Inc. is preleasing a site located at the northwest corner of Cactus Road and 75th Avenue in Peoria, AZ. The site includes a land area of 9.47 acres and is tenanted by CVS and Ace Hardware. Area retail includes Albertsons and Fry’s. Area demographics include a population of 333,043 within five miles earning $61,570 as the average household income. The site has an average daily traffic count of 51,500 vehicles. The company also is preleasing a 14-acre site located at the southwest corner of Chandler Boulevard and Dobson Road in Chandler, AZ. Area demographics include a population of 336,308 within five miles earning $83,264 as the average household income. The site has an average daily traffic count of 79,321 vehicles. Area retail includes Walgreens, Bashas’ and Petco. For more information, contact John Badura, Armstrong Development Properties, Inc., 1500 North Priest Drive, Suite 150E, Tempe, AZ 85281; 602-385-4100, Fax 602-385-4101; Email: jbadura@agoc.com; Web site: www.armstrongdev.com.
Newmarket Advisors is preleasing Nellis Pointe, a center located at the northwest corner of Nellis Boulevard and Carey Avenue in Las Vegas, NV. Opening is slated for the third quarter of 2007. The center will be anchored by a 117,000 sq.ft. Lowe’s Home Improvement and Petco. The project will include big box, small shop space and pad sites. The center is situated on a land area of 36 acres. Area demographics include a population of 172,139 within three miles earning $48,061 as the average household income. The company also is preleasing Boulder Crossroads, a 260,000 sq.ft. center located at the southwest corner of Boulder Highway and Nellis Boulevard in Las Vegas, NV. Opening is slated for Spring 2007. The site is anchored by Wal*Mart Supercenter and cotenants include Payless ShoeSource, Best Mattress and T-Mobile. Area demographics include a population of 384,706 within three miles earning $52,892 as the average household income. For more information, contact Bob Touma, Newmarket Advisors, 2970 West Sahara Avenue, Suite 100, Las Vegas, NV 89102; 702-221-2500 Ext. 318; Email: btouma@newmarketadvisors.com; Web site: www.newmarketadvisors.com.
Keegan & Coppin Co., Inc. is preleasing Capital Village, a 302,964 sq.ft. community center located at the northeast corner of Zinfandel Drive and International Drive in Rancho Cordova, CA. Opening is slated for the fourth quarter of 2007. The center has small shop, pad sites and anchor space available up to 65,000 sq.ft. and is anchored by Lowe’s Home Improvement. Area demographics include a population of 176,974 within five miles earning $78,917 as the average household income. For more information, contact Thomas Laugero, Keegan & Coppin Co., Inc., 1355 North Dutton Avenue, Santa Rosa, CA 95401; 707-528-1400, Fax 707-524-1419; Email: tlaugero@keegancoppin.com; Web site: www.keegancoppin.com.
Opus West Corp. is developing The Crossings at Fort Bend Parkway, a 242,000 sq.ft. center located at the intersection of Beltway 8 and Fort Bend Parkway in Houston, TX. The center will be anchored by a 100,000 sq.ft. Home Depot. Cotenants will include Office Depot, Panda Express, Whataburger, National Tire & Battery and Jiffy Lube. For more information, contact Opus West Corp., 2555 East Camelback Road., Suite 800, Phoenix, AZ 85016; 602-468-7000, Fax 602-468-7045.
The Desco Group is proposing to develop San Carlos Center located on San Carlos Boulevard in south Fort Myers, FL. Phase I of the center would consist of a 190,200 sq.ft. big box store. For more information, contact The Desco Group, 25 North Brentwood Boulevard, Clayton, MO 63105; 314-994-4444 or 888-762-5501, Fax: 314-994-4073; Email: info@descogroup.com; Web site: www.descogroup.com.
CMN, Inc. is preleasing The Landings at Hawks Prairie, an 81,000 sq.ft. center located on Galaxy Drive in Lacey, WA. The center has spaces available of 1,200 sq.ft. to 13,000 sq.ft. and is anchored by LA Fitness. Area retail includes Wal*Mart, Costco, Home Depot, Big 5, Best Buy, Sportsmen’s Warehouse, Harley Davidson and Ram Restaurant. Area demographics include a population of 86,223 within five miles earning $61,520 as the average household income. The site has an average daily traffic count of 105,000 vehicles. For more information, contact Connie Boyle, CMN, Inc., 1201 Pacific Avenue, Suite 1502, Tacoma, WA 98402; 253-680-6628 or 253-926-6000; Email: connie.boyle@colliers.com; Web site: www.colliers.com.
Eclipse Development Group is developing North Haven Pavilion, a 200,000 sq.ft. center located at the intersection of North Universal and Interstate 91 in North Haven, CT. The site has an average daily traffic count of 117,500 vehicles. Area retail includes Target, Home Depot, Sports Authority, Barnes & Noble, T.J. Maxx and Michaels. Area demographics include a population of 430,392 within 10 miles earning $72,864 as the average household income. The company also is developing Clear Creek Commons, a 500,000 sq.ft., 138-acre mixed-use center located in Friendswood, TX. The center will include a boutique hotel and meeting facilities, a medical office and wellness center, custom townhomes, condominiums, upscale apartments, green space and pedestrian-friendly walkways. Area demographics include a population of 400,000 within 10 miles earning $75,800 as the average household income. For more information, contact Paul C. Bernard, Eclipse Development Group, 949-251-8828, Fax 949-251-9979. |