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New Construction
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New Construction MetroPacific Properties is preleasing Airport Gateway Center located at the Archibald exit of Interstate 10 in Ontario, CA. Opening is slated for Spring 2007. Spaces available are 3,450 sq.ft.; 6,000 sq.ft. and up to 9,000 sq.ft. Area demographics include a population of 289,365 within five miles earning $47,026 as the average household income. The site has an average daily traffic count of 250,000 vehicles. Area retail includes Ontario Mill Mall. For more information, contact Susan Aronovsky, MetroPacific Properties, 1640 Tiburon Boulevard, Suite 14, Tiburon, CA 94920; 415-789-9700, Fax 415-789-5800; Email: susan@metpacific.com; Web site: www.metpacific.com.
Tarlov Properties is preleasing Bluffs Crossing, a 6,167 sq.ft. center located at the intersection of Washington Street, Bluff Road and 215 Freeway in Colton, CA. The center is situated on a land area of one acre and has spaces available of 1,000 sq.ft.; 1,500 sq.ft. and 3,000 sq.ft. Opening is slated for April 2007. The center is anchored by Starbucks. Area retail includes Arby’s, Big Lots, Wal*Mart and Dollar Tree. Asking rent is $30 psf with CAM of $6 psf NNN. For more information, contact Mark Tarlov, Tarlov Properties, 13440 Ventura Boulevard, Suite 105, Sherman Oaks, CA 91423; 818-788-3510, Fax 818-788-3540; Email: mtarlov@earthlink.net.
Mainsail Development Group, LLC is developing Stoneybrook Marketplace, a mixed-use center located along South Alfaya Trail in east Orlando, FL. The site has an average daily traffic count of 25,000 vehicles. Opening is slated for the first quarter of 2007. Demographics include a trade-area population of 22,108 earning $67,608 as the average household income. The company also is developing Cypress Station, a mixed-use center located at the intersection of Cypress Gardens Boulevard and Helena Road in Winter Haven, FL. The site has an average daily traffic count of 50,000 vehicles. The center is situated on a land area of 3.8 acres. Area demographics include a population of 80,000 within five miles earning $57,207 as the average household income. Area retail includes Gold’s Gym, Walgreens and Blockbuster Video. For more information, contact Mike Byrum or Tim Lyons, Mainsail Development Group, LLC, 207-513-6340 Ext. 101/113; Emails: mbyrum@mainsaildev.com and tlyons@mainsaildev.com.
GBT Realty Corp. is developing Hoffman Plaza Shopping Center, a 19,200 sq.ft. center located in Henderson, KY. The center is shadow-anchored by Wal*Mart Supercenter and Lowe’s Home Improvement. The Wal*Mart Supercenter is slated to open in December. For more information, contact GBT Realty Corp., 201 Summit View Drive, Suite 110, Brentwood, TN 37027; 615-370-0670 or 800-509-1177, Fax 615-373-3111; Web site: www.gbtrealty.com.
Great American Capital is preleasing a center located at the intersection of Ann and Losee Road in North Las Vegas, NV. The center has pad sites available. The company also is preleasing Centennial Village, a 200,000 sq.ft. center located at the intersection of Centennial and Losee in North Las Vegas, NV. The center is situated on a land area of 20 acres. Opening is slated for the fourth quarter of 2007. Spaces available include 11,000 sq.ft.; 24,000 sq.ft. and 30,000 sq.ft. The center is anchored by CVS. Area retail includes Smith’s Grocery and Wal*Mart. Asking rents range from $2.35 to $2.75 psf monthly with CAM of $0.25 psf monthly and taxes of $0.10 psf monthly. For more information, contact Hillary Stoltz or Michael D. Boscia, Great American Capital, 8350 West Sahara Avenue, Suite 210, Las Vegas, NV 89117; 702-253-5751, Fax 702-255-2968; Email: hstoltz@greatac.com; Web site: www.greatac.com.
Shah Cos. is preleasing University Plaza, a 30,000 sq.ft. center located at the intersection of Highway 90 and University Boulevard in Sugar Land, TX. The rental rate is $28 psf for the first floor and $24 psf for the second floor with NNN of $5.50 psf and TI up to $15 psf. Area retail includes Wal*Mart. Area demographics include a population of 201,838 within five miles earning $105,262 as the average household income. For more information, contact John Ho, Shah Cos., 4660 Sweetwater Boulevard, Suite 300, Sugar Land, TX 77479; 281-242-8464, Fax 281-242-8474; Email: johnho@shahcompanies.com.
Grubb & Ellis/Commercial Florida is preleasing a 70,000 sq.ft. center located on South Florida Avenue in Mulberry, FL. The center will have three pad sites available for build-to-suit. Area retail includes Wal*Mart Supercenter. Area demographics include a population of 196,499 within 10 miles earning $56,194 as the average household income. The site has an average daily traffic count of 24,405 vehicles. The company also is preleasing Miller Park Plaza, a mixed-use center located at the southwest corner of State Road 60 and Miller Road in Valrico, FL. The center has inline and outparcel space available and is slated to open during the middle of next year. Available spaces range from 1,400 sq.ft. to 15,000 sq.ft. Asking rents range from $26 psf to $35 psf NNN. Area demographics include a population of 149,844 within five miles earning $71,872 as the average household income. For more information, contact Brent Lindsey, Grubb & Ellis/Commercial Florida, 3030 North Rocky Point Drive, Suite 560, Tampa, FL 33607; 813-693-1111, Fax 813-693-1919; Web site: www.grubb-ellis.com. For more information regarding Miller Park Plaza, contact Lill Hanson or Michelle Crang-Seifert, Grubb & Ellis/Commercial Florida, 3030 North Rocky Point Drive, Suite 560, Tampa, FL 33607; 813-830-7886/7537; Emails: lhanson@commercialfl.com and mseifert@commercialfl.com.
May Realty Advisors is preleasing Shops at Oak Creek, a 33,000 sq.ft. center located at the Kanan Road exit from 101 Freeway and Canwood in Agoura Hills, CA. The center is situated on a land area of five acres and is slated to open during October 2007. Spaces available are 3,000 sq.ft. and 6,000 sq.ft. Anchors include Starbucks, Verizon, Panda Express, Wood Ranch BBQ and Robeks Juice. The site has an average daily traffic count of 180,000 vehicles. Asking rent is $3.75 psf monthly with NNN of $0.50 psf monthly. Area demographics include a population within 15 miles earning over $100,000 as the average household income. For more information, contact Matthew May, May Realty Advisors, 16633 Ventura Boulevard, Suite 925, Encino, CA 91436; 818-528-3999, Fax 818-905-7559; Email: info@mayrealtyadvisors.com; Web site: www.mayrealtyadvisors.com.
Kaplan Real Estate Co. is preleasing Meridian Place, a 14,000 sq.ft. center located at the intersection of Meridian and Illinois Route 157 in Edwardsville, IL. The center is situated on a land area of 1.76 acres and has spaces available of 1,000 sq.ft. to 14,000 sq.ft. Area demographics include a population of 176,380 within 10 miles earning $64,746 as the average household income. The site has an average daily traffic count of 18,800 vehicles. Area retail includes Wal*Mart, Target and Lowe’s Home Improvement. Asking rent is $22 psf. For more information, contact Scott Bernstein, Kaplan Real Estate Co., 1000 Macklind Avenue, St. Louis, MO 63110; 314-652-7000, Fax 314-652-2228; Email: molly@kaplanre.com; Web site: www.kaplanrealestate.com.
Century Retail is preleasing the following centers throughout FL: Summer Tree Plaza, a proposed 30,500 sq.ft. center located at the intersection of County Road 54 and Eiland Boulevard in Zephyrhills. The center has an outparcel available and is located adjacent to Home Depot; Victory Square, a proposed 15,000 sq.ft. center located at the intersection of State Road 44 and Wallace in New Smyrna Beach. Opening is slated for Summer 2007; and Willowbrook Square, a proposed 14,000 sq.ft. center located at the northwest corner of Highway 27 and Thompson Nursery Road in Lake Wales. The center has three outparcels available. Area retail includes Publix Supermarket, Home Depot and the Eagle Ridge Mall; Alexander Crossings, a center located at the southeast corner of James Redman Parkway and East Alexander in Plant City. Area retail includes Wal*Mart Supercenter, Publix Supermarket, Beall’s, Lowe’s Home Improvement, Staples and Sweetbay; and Auvers Plaza, a proposed 16,000 sq.ft. center located at the intersection of State Road 436 and Auvers Boulevard in Orlando. The center has an outparcel available; and Bear Lake Shoppes, a proposed 19,000 sq.ft. center located at the intersection of State Road 436 and Bear Lake Road in Apopka. For more information, contact Century Retail, 5750 Major Boulevard, Suite 240, Orlando, FL 32819; 407-248-9828, Fax 407-248-9833; Web site: www.centuryretail.com.
Watkins Retail Group is preleasing Dacula Kids Village, a 43,400 sq.ft. center located at the intersection of Auburn Road and Dacula Road in Dacula, GA. The center will be anchored by Monkey Joes Parties and Play and has 19,400 sq.ft. of shop space available. For more information, contact Watkins Retail Group, 1946 Monroe Drive, NE 30324. PO Box 1738, Atlanta, GA 30301-1738; 404-872-8666, Fax 404-872-8806; Web site: www.watkinsretailgroup.com.
DeBartolo Development is developing Shoppes of Symmes Road, a center located at the intersection of U.S. Highway 301 and Symmes Road in Riverview, FL. The center will be situated on a land area of 15.3 acres and has three outparcels available. Opening is slated for Spring 2008. The site will include a 46,000 sq.ft. supermarket and 19,600 sq.ft. of retail space and is located near a new home development. For more information, contact DeBartolo Development, 14934 North Florida Avenue, Tampa, FL 33613; 813-676-7677, Fax 813-676-7696; Web site: www.debartolodevelopment.com.
Dmyterko & Wright Partners is developing a two-phase retail project on a land area of 2.2 acres at the intersection of Spring Street and McLean Boulevard in South Elgin, IL. Phase I will include an Advance Auto Parts. For more information, contact Dmyterko & Wright Partners, 1200 Harger Road, Suite 300, Oak Brook, IL 60523; 630-928-2700.
O&S Holdings, LLC is developing Bridge Street Town Centre, a 525,000 sq.ft. center located at the intersection of Research Park Boulevard and Old Madison Pike in Huntsville, AL. Opening is slated for Summer 2007. Demographics include a trade-area population of 339,723 earning $65,865 as the average household income. The company also is developing Bridge Street Town Center in McKinney, TX. The 500,000 sq.ft. center is slated to open Fall 2008. Demographics include a trade-area population of 1,421,652 earning $102,749 as the average household income. The company also is developing Bridge Street Town Center, a 1.5 million sq.ft. center in Joliet, IL. Demographics include a trade-area population of 919,381 earning $86,695 as the average household income. The company also is developing Monroe Marketplace, a 408,500 sq.ft. center located at the intersection of Millhaven Road, Garrett Road and Interstate Highway 20 in Monroe, LA. Demographics include a trade-area population of 146,437 earning $44,576 as the average household income. The company also is developing Kaukana Marketplace, a 305,000 sq.ft. center located at the intersection of Delanglade Street and U.S. Highway 41 in Kaukana, WI. The company also is developing Waukee Marketplace, a 700,000 sq.ft. center located at the intersection of Alice’s Road and Hickman Drive in Waukee, IA. Demographics include a trade-area population of 195,525 earning $82,066 as the average household income. The company also is developing Jordan Creek Marketplace, a 45,000 sq.ft. center located at the intersection of Jordan Creek Parkway and Mills Civic Parkway in West Des Moines, IA. Demographics include a trade-area population of 91,259 earning $102,523 as the average household income. The company also is developing Louisiana Boardwalk, a 650,000 sq.ft. center located in Bossier City, LA. Demographics include a population of 404,856 earning $57,669 as the average household income. The company also is developing Palmdale Marketplace, a 215,200 sq.ft. center located in Palmdale, CA. Demographics include a trade-area population of 85,625 earning $69,530 as the average household income. The company also is developing Foothill Crossing, a 312,950 sq.ft. center located at the intersection of Foothill Boulevard and Day Creek Boulevard in Rancho Cucamonga, CA. Demographics include a trade-area population of 242,656 earning $72,125 as the average household income. For more information, contact O&S Holdings, LLC, 3130 Wilshire Boulevard, 2nd Floor, Santa Monica, CA 90403; 310-207-8600, Fax 310-207-2288; Email: info@osholdings.com; Web site: www.osholdings.com. |