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New Construction
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New Construction The Katsias Co. is preleasing Airline Center, an 82,000 sq.ft. redevelopment and rehabilitation project located on Airline Boulevard in Portsmouth, VA. The center will be anchored by a 32,000 sq.ft. Food Lion supermarket. Spaces available range from 1,300 sq.ft. to big box spaces, as well as a 2.2-acre parcel that can be subdivided. For more information, contact The Katsias Co., 512 South Lynnhaven Road, Suite 101, Virginia Beach, VA 23452; 757-490-3585; Email: info@katsias.com ; Web site: www.katsias.com .
Paramount Partners, LLC is preleasing Pilgrim Hill Plaza, a 126,000 sq.ft. center located on Route 3 in Plymouth, MA. The center is situated on a land area of 10.49 acres and has spaces available of 9,000 sq.ft. to 40,000 sq.ft. The site has an average daily traffic count of 99,200 vehicles. Area demographics include a population of 547,252 within the trade area earning $84,462 as the average household income. For more information, contact Susan DiGiovanni or Deborah Meyers, Paramount Partners, LLC, 7810848-1550 Ext. 13 or Ext. 12; Emails: sdgiovanni@paramountpartners.com and dmeyers@paramountpartners.com ; Web site: www.paramountpartners.com .
The Standard Group is preleasing a Target outparcel located at the intersection of U.S. Highway 183 and Lakeline Mall Drive in Austin, TX. Area retail includes SuperTarget, Lakeline Mall, Dillard’s, Foley’s, JCPenney and Sears. The site has an average daily traffic count of 59,810 vehicles. Area demographics include a population of 146,862 within five miles earning $77,722 as the average household income. The company also is preleasing a 3,840 sq.ft. space located at the intersection of Dorothy Lane and Woodman Drive in Kettering, OH. The site has an average daily traffic count of 44,502 vehicles. Area retail includes Elder-Beerman, Walgreens and Sears. Area demographics include a population of 209,048 within five miles earning $47,319 as the average household income. For more information, contact Brandon Edwards or Mimi Slogar, The Standard Group, 312-541-9090; Emails: bedwards@standardgrp.com and mslogar@standardgrp.com ; Web site: www.standardgrp.com . For more information regarding the Kettering, OH site, contact Walter Wahlfeldt or Mimi Slogar at 312-541-9090; Email: wwahlfeldt@standardgrp.com .
Gulfstream Commercial Services, LLC is preleasing New Towne Station, an 88-acre lifestyle center located at the intersection of Highway 41A, Interstate 24 and Pennyrile Parkway in Paducah, KY. The center has sites available from one acre to 20 acres and is located near Wal*Mart Supercenter and Lowe’s Home Improvement. Area demographics include a population of 43,000 within 10 miles. For more information, contact David E. Beauregard, Gulfstream Commercial Services, LLC, 866-218-1625, Cell 317-490-4539; Email: dbeauregard1@earthlink.net .
Centerville Properties is preleasing The Esplenade of Algonquin, a 260,000 sq.ft. center located at the southwest corner of Randall Road and Corporate Parkway in Algonquin, IL. The center broke ground during the spring. Tenants include Wildberry Pancakes and Café. Area demographics include a population of 355,026 within 10 miles earning $92,270 as the average household income. Area retail includes Algonquin Commons. The site has an average daily traffic count of 50,000 vehicles. The company also is preleasing Huntley Station, a 50,000 sq.ft. center located at the northwest corner of Randall Road and Mill Street in Huntley, IL. Groundbreaking is slated for spring 2007. The site has an average daily traffic count of 18,500 vehicles and is situated on a land area of 14 acres. Area demographics include a population of 238,206 within 10 miles earning $92,385 as the average household income. For more information, contact John Walter, Centerville Properties, 12545 Farm Hill Drive, Huntley, IL 60142; 847-458-3516, Fax 847-458-3535; Email: jwalter@centerprop.com ; Web site: www.centerprop.com .
Lee & Associates Commercial Real Estate is preleasing Orchard Pointe, a 400,000 sq.ft. center located at the intersection of City Highway PD and Verona Road in Fitchburg, WI. The center is situated on a land area of 13 acres and has inline, build-to-suit land, mid and junior box and endcap spaces available from 10,000 sq.ft. to 80,000 sq.ft. Anchors include SuperTarget. Area demographics include a population of 296,589 within 10 miles earning $62,825 as the average household income. Area retail includes Staples, Home Depot and Roundy’s Food Store. For more information, contact Steve Doran, Lee & Associates Commercial Real Estate, 4726 East Towne Boulevard, Suite 220, Madison, WI 53704; 608-327-4000, Fax 608-327-4011; Email: sdoran@lee-associates.com ; Web site: www.lee-associates.com .
Stirling Properties is preleasing a land area of 35 acres at the southwest corner of Interstate 55 and MS Highway 570 in McComb, MS. Area retail includes McRae’s, Lowe’s Home Improvement, Wal*Mart Supercenter, JCPenney and Sears. The site has an average daily traffic count of 24,000 vehicles. Area demographics include a population of 124,148 within 30 miles earning $43,175 as the average household income. The company also is preleasing Iberia Bank Plaza, a 14,712 sq.ft. center located at the intersection of East Gause Boulevard and Interstate 10 in Slidell, LA. The site has an average daily traffic count of 29,252 vehicles. Area retail includes Wal*Mart Supercenter and Lowe’s Home Improvement. The center has spaces available of 1,300 sq.ft. to 10,000 sq.ft. Area demographics include a population of 71,463 within five miles earning $66,920 as the average household income. For more information, contact Chris Abadie, Stirling Properties, 504-523-4481; Email: cabadie@stirlingprop.com .
The Swiss Group is preleasing the following centers: Wabash Commons, a 55,000 sq.ft. center located at the intersection of Sagamore Parkway and Nighthawk Drive in West Lafayette, IN. The center is situated on a land area of 10 acres and has spaces available from 1,200 sq.ft. to 55,000 sq.ft. Opening is slated for Spring 2007. Area demographics include a population of 145,618 within five miles earning $54,715 as the average household income. The site has an average daily traffic count of 30,000 vehicles. Area retail includes Wal*Mart Supercenter, Menards, Kroger, Marsh, CVS, Osco, Walgreens, Starbucks, Talbot’s, Jos. A. Bank, Chico’s and Tuesday Morning. Asking rents range from $15 psf to $17 psf; Fisher Place, a 21,000 sq.ft. center is located at the intersection of East 116th Street and Allisonville Road in Fishers, IN. Opening is slated for Spring 2007. The center will have spaces available from 1,200 sq.ft. to 8,000 sq.ft., as well as four, one-acre outlots. Area demographics include a population of 124,644 within five miles earning $88,226 as the average household income. The site has an average daily traffic count of 30,000 vehicles. Asking rents range from $18 psf to $22 psf; 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 December. The center is anchored by Dollar General and CVS. Area demographics include a population of 134,148 within five miles earning $49,912 as the average household income. Area retail includes Kmart, Sears, Family Video, Lowe’s Home Improvement and Dollar Tree. Asking rents range from $15 psf to $17 psf; Southway Boulevard Shoppes, a center located at the intersection of U.S. Highway 31 and Southway Boulevard in Kokomo, IN. The center is situated on a land area of 0.86 acres and has spaces available from 1,200 sq.ft. to 4,200 sq.ft. Opening is slated for Spring 2007. Area demographics include a population of 65,142 within 10 miles earning $50,981 as the average household income. The site has an average daily traffic count of 43,330 vehicles. Area retail includes Steak N Shake and Ruby Tuesday. Market rents range from $18 psf to $26 psf; Winding Way Shoppes, a 12,000 sq.ft. center located at the intersection of East 38th Street and German Church Road in Indianapolis, IN. The center is situated on a land area of eight acres and has spaces available of 1,200 sq.ft. to 12,000 sq.ft., as well as two one-acre outlots. Opening is slated for November. Area demographics include a population of 122,940 within five miles earning $51,622 as the average household income. Area retail includes Fashion Bug, Wal*Mart Neighborhood Market and Kohl’s. Asking rents range from $16 psf to $18 psf. For more information, contact Frank E. Swiss, 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 .
Northstar Centers is developing a 280,000 sq.ft. center located in Southington, CT. Opening is slated for next year or 2008. The site has visibility from Interstate 84, an average daily traffic count of 25,000 vehicles, and is located near ESPN headquarters and growing employment centers. Area demographics include a population of 924,383 within 15 miles earning $70,634 as the average household income. For more information, contact Northstar Centers, 532 Page Street, Stoughton, MA 02072; 781-341-0317, Fax 781-341-3068; Email: leasing@northstarcenters.com .
Dial Properties Co. is developing the following sites: Cimarron Plaza, an 87,000 sq.ft. center located at the intersection of 42nd Street and Osborne Drive West in Hastings, NE. The center is situated on a land area of 16 acres and is shadow-anchored by Wal*Mart Supercenter and an 88-room Holiday Inn Express. Cotenants will include Dollar Tree, Schweser’s and HairMasters. The center will consist of 65,000 sq.ft. of inline spaces and three outparcel buildings, each approximately 7,200 sq.ft. There are also four outlots available ranging from 0.75 acres to 1.2 acres. Opening is slated for the fall. The company, along with DKC Development Ventures and Clary Development, are developing Constitution Trail Centre, a 450,000 sq.ft. center located at the intersection of Interstate 55 and North Main Street in Normal, IL. The center is situated on a land area of 76 acres. Opening is slated for Spring 2007. Anchors will include Schnucks Grocery and a 14-screen Carmike Cinema. Junior anchor and small shop space is available, with a few outparcels remaining. Area demographics include a population of 99,310 within five miles earning $82,423 as the average household income. The site is located near Illinois State University, which is less than one mile from the center. For more information, contact Leslie Guzinski, DKD Development Ventures, LLC, 11506 Nicholas Street, Suite 200, Omaha, NE 68154; 402-493-2800, Fax 402-493-8069; Email: lguzinski@dkcdevelopment.com .
Crackerneck Creek, LLC is developing The Falls at Crackerneck, an 850,000 sq.ft. center located at the southwest quadrant of Interstate 70, Interstate 470/M-291 Highway and U.S. Highway 40 in Independence, MO with an average daily traffic count of 300,000 vehicles. The center has spaces available of 1,000 sq.ft. and up, as well as outparcels of one acre and up. Area demographics include a population of 381,666 within 10 miles earning $57,973 as the average household income. CAM is $6 psf with taxes of $2 psf. Anchors include a Bass Pro Shops and a 200-room hotel. The center is situated on a land area of 200 acres. For details, contact John S. Evans, Crackerneck Creek, LLC, 18410 East U.S. 40 Highway, Independence, MO 64055; 816-350-3004, Fax 816-373-8091; Email: johnsevans@sbcglobal.net ; Web site: www.fallsatindependence.com .
WRS, Inc. is preleasing the following sites: the Shoppes at Goldsboro, a center located at the intersection of NC 581 and Highway 70 in Goldsboro, NC. The center will be anchored by a 254,000 sq.ft. Wal*Mart Supercenter. Demographics include a trade-area population of 39,411 earning $47,803 as the average household income. The site has an average daily traffic count of 27,000 vehicles. Opening is slated for August 2007; Shoppes at Holly Springs, a center located at the intersection of Highway 55 and Ralph Stevens Road in Holly Springs, NC. The 245,000 sq.ft. center will be anchored by Wal*Mart Supercenter. Demographics include a trade-area population of 38,247 earning $74,248 as the average household income. Opening is slated for October 2007; Shoppes at White Knoll, a center located at the intersection of Highway 6 and Platt Springs Road in Lexington, SC. The 243,000 sq.ft. center will be anchored by Wal*Mart Supercenter. Area demographics include a population of 37,946 within five miles earning $61,983 as the average household income. Opening is slated for October 2007; Shoppes at Sandford, a center located at the intersection of Highway 87 and Wilson Road in Sanford, NC. The 263,819 sq.ft. center will be anchored by Wal*Mart Supercenter. Demographics include a trade-area population of 93,241 earning $49,253 as the average household income. Opening is slated for September 2007; Shoppes on Richland, a center located at the intersection of Highway 1 West and Richland Avenue in Aiken, SC. The 243,619 sq.ft. center will be anchored by Wal*Mart Supercenter. Demographics include a trade-area population of 45,805 earning $56,146 as the average household income. Opening is slated for October 2007; and Phase II at Hudson Bridge Crossing, a center located at the intersection of Hudson Bridge Road and Eagles Landing at Interstate 75 in Stockbridge, GA. Phase II will add 27,000 sq.ft. of shop space to the 244,019 sq.ft. center. Phase II will be complete in March 2007. The center is anchored by Wal*Mart Supercenter and is cotenanted by Shoe Department, Dollar Tree and DOTS. Area demographics include a population of 36,826 within three miles earning $64,633 as the median household income. For more information, contact Gary Anthony or Erbie Blackwell, WRS, Inc., PO Box 7339, Aiken, SC 29804; 803-649-1411, Fax 803-502-2219; Emails: eblackwell@wrsrealty.com and ganthony@wrsrealty.com .
Vita & Vita Realty Corp. is developing Campus Plaza in Randolph, NJ. The 52,000 sq.ft. center is located at the intersection of Route 10 and Dover-Chester Road. The center has spaces available of 1,500 sq.ft. to 9,900 sq.ft. Phase I is slated for this month and Phase II is slated for Summer 2007. Area demographics include a population of 113,179 within five miles earning $111,000 as the average household income. For more information, contact Vita & Vita Realty Corp., 277 Fairfield Road, Fairfield, NJ 07004; 973-227-5233; Web site: www.vitarealty.com .
Windsor Realty, LLC is preleasing The Shops at Chiquita Commons, a 50,000 sq.ft. center located at the northeast corner of Pine Island Road and Chiquita Boulevard in Cape Coral, FL. The center has 1,260 feet of frontage. Asking rents range from $24 psf to $30 psf NNN plus $6 psf of CAM. Additionally, two 1.5-acre pad sites are available for ground lease. Opening is slated for Summer 2007. Area demographics include a population of 92,960 within five miles earning $53,022 as the average household income. For more information, contact K. Soliman, Windsor Realty, LLC, 239-209-1960; Email: soliman9@msn.com .
AG Armstrong Development is preleasing Telecom Park, a mixed-use center located at the southwest corner of Fletcher Avenue and Telecom Drive in Tampa, FL. The center will be anchored by a 90-room La Quinta Hotel and will include 14,200 sq.ft. of retail and restaurant space and 21,000 sq.ft. of office space. Construction is slated to begin during the third quarter of this year. Cotenants include Italian Bistro and Grille. Area demographics include a population of 161,229 within five miles earning $53,688 as the average household income. The site has an average daily traffic count of 44,662 vehicles. For more information, contact Bruce Swain or Erica Waltermire, AG Armstrong Development, 13801 North Dale Mabry Highway, Suite 200, Tampa, FL 33618; 813-265-4500, Fax 813-265-4544; Web site: www.agarmstrong.com .
Breslin Realty is preleasing a 20,400 sq.ft. space located at the northeast corner of Brush Hollow Road and Prospect Avenue in Westbury, NY. The site has spaces available of 1,500 sq.ft. to 14,000 sq.ft. and will be available during the second or third quarter of next year. Rent is $21 psf with taxes of $2.95 psf. Area demographics include a population of 382,007 within five miles earning $109,988 as the average household income. The site is located less than two miles from the Long Island Railroad and has access to major highways and local thoroughfares. For more information, contact Alan L. Berger, Breslin Realty, 500 Old Country Road, Garden City, NY 11530, 516-741-7400 Ext. 264, Fax 516-741-5621; Email: aberger@breslinrealty.com .
Stiles Retail Group is preleasing the Shoppes at Veranda Falls, located at the intersection of Becker Road and the FL Turnpike in Port St. Lucie, FL. The center has 48,000 sq.ft. of retail, restaurant and professional space and is leasing spaces of 1,000 sq.ft. and higher. Opening is scheduled for Spring 2007. For more information, contact Stiles Retail Group, 300 Southeast 2nd Street, Fort Lauderdale, FL 33301; 954-627-9300, Fax 954-627-9386; Email: retail@stiles.com ; Web site: www.stiles.com . |