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New Construction Bewley Properties, Inc. is developing The Shops at Towne Crossing in Greeneville, TN. The 18,000 sq.ft. center is slated to open Spring 2007 and has 10 spaces available of 1,260 sq.ft. to 2,000 sq.ft. The center is located at the intersection of West Andrew Johnson Highway and Church Street and has an average daily traffic count of 32,000 vehicles. Area retail includes the Phoenix Theaters. Area demographics include a population of 17,000 within three miles earning $45,000 as the average household income. For more information, contact Kandice Bewley, Bewley Properties, Inc., 615 West Main Street, Greeneville, TN 37743; 423-638-6971, Fax 423-638-2969; Web site: www.bewleyproperties.com .
Noddle Cos. is preleasing Lorraine Town Center, a 300,000 sq.ft. center located at the intersection of Interstate 29 and West 26th Street in Sioux Falls, SD, with an average daily traffic count of 18,200 vehicles. The company is developing the property in two phases with a Lowe’s Home Improvement Store opening in the fall. Phase II will be located between an existing Hy-Vee Grocery and Lowe’s, and will include an additional 150,000 sq.ft. retail development of large and small shops expected to open in the summer of 2007. The site has an average daily traffic count of 63,500 vehicles. For more information, contact Noddle Cos., 1125 South 103rd Street, Suite 450, PO Box 24169, Omaha, NE 68124-0169; 402-496-1616, Fax 402-496-6250; Web site: www.noddlecompanies.com .
Williams Realty Group is preleasing Weston Pointe Retail Center, a 29,000 sq.ft. center located in Carmel, IN. The center, which is situated on a land area of 10 acres, is located at the intersection of Michigan Road and Weston Pointe Drive and has an average daily traffic count of 46,620 vehicles. The center is anchored by Stone Creek Restaurant and has spaces available of 1,600 sq.ft. and 12,000 sq.ft. and outparcels available of 43,560 sq.ft. and 90,000 sq.ft. Area retail includes Marshalls and Target. Area demographics include a population of 42,000 within three miles earning $112,908 as the average household income. For more information, contact Jacque Haynes, Williams Realty Group, 9830 Bauer Drive, Indianapolis, IN 46280; 317-574-5480, Fax 317-829-2052; Email:jhaynes@wr-group.com ; Web site: www.wr-group.com .
McMillan Investments L.P. is preleasing Bessemer Center in Llano, TX. The center is located at the intersection of Highway 16 and Highway 29 with an average daily traffic count of 12,000 vehicles. The center has two spaces of 1,200 sq.ft. and four spaces of 1,500 sq.ft. available and is scheduled to open this November. Area retail includes Dollar General. For more information, contact Jennifer McMillan, McMillan Investments L.P., 102 West Dallas Street, Llano, TX 78643; 325-247-2759, Fax 325-247-3204; Email: jennifer@mcmillanrealestate.com ; Web site: www.mcmillanrealestate.com .
Buyers Realty, Inc. is preleasing Galleria at Jordan Creek in West Des Moines, IA. The 800,000 sq.ft. center is located at the intersection of 60th Street and Mills Civic Parkway with an average daily traffic count of 28,000 vehicles. The center is anchored by T.J. Maxx and Wal*Mart Supercenter and has spaces available of 1,600 sq.ft. to 34,000 sq.ft. as well as outlots of 0.75 to five acres available. Cotenants include Starbucks, Fuddruckers, Red Robin, Applebee’s, Fantastic Sam’s and Union State Bank. Area demographics include a population of 27,387 within three miles earning $106,832 as the average household income. Phase I is slated for this fall, while Phase II is slated for Spring 2007. Asking rent is $18 psf to $24 psf with CAM of $1psf and taxes of $3.50 psf. For more information, contact Marc Ross, Buyers Realty, Inc., 3101 Ingersoll Avenue, Des Moines, IA 50312; 515-277-4000, Fax 515-277-5976; Email: marc@mdross.com ; Web site: www.buyersrealtyinc.com .
The Standard Group is developing a 5,575 sq.ft. center in Lincoln, NE. The center is located at the intersection of Cotner Boulevard and Vine Street with an average daily traffic count of 35,100 vehicles. The center has space available, as well as a drive-thru end cap. Area retail includes the 996,000 sq.ft. Gateway Mall, which is anchored by Younker’s, Dillard’s, JCPenney, Sears and Steve & Barry’s. Area demographics include a population of 99,465 within three miles earning $57,394 as the average household income. The company is also redeveloping a 15,000 sq.ft. freestanding retail building into a multi-tenant center. The center is located at the intersection of Galley Road and Academy Boulevard in Colorado Springs, CO. The site has an average daily traffic count of 45,148 vehicles. For more information, contact Mimi Slogar, The Standard Group, 20 North Wacker Drive, Suite 2275, Chicago, IL 60606; 312-541-9090, Fax 312-541-8990. Or contact Bruce Boxer, The Standard Group, 7887 East Bellview Avenue, Suite 1100, Englewood, CO 80111; 303-228-2292, Fax 303-228-2293; Emails: mslogar@standardgrp.com and bboxer@standardgrp.com ; Web site: www.standardgrp.com .
Desert Viking Properties, LLC is developing The Villas & Shops At San Marcos Commons in Chandler, AZ. The 230,000 sq.ft. center consists of specialty retail, restaurant and class A office space. Opening is slated for 2007. The center is located at the intersection of Buffalo Street and Dakota Street with an average daily traffic count of 40,000 vehicles. Demographics include a trade-area population of 238,000 earning $71,456 as the average household income. Cotenants include Intel, Motorola, Microchip, Freescale, Wells Fargo and Countrywide Financial. For more information, contact Desert Viking Properties, LLC, 101 West Commonwealth Avenue, Chandler, AZ 85225; 480-659-3840, Fax 480-659-3842; Web sites: www.desertvikingcompanies.com and www.sanmarcoscommons.com .
The Grossman Cos., Inc. is preleasing a 16,000 sq.ft. center located at the intersection of Morrissey Boulevard and Conley Street in Boston, MA. The plaza may also have two potential drive-thru locations. Area demographics include a population of 230,024 within three miles earning $48,076 as the average household income. For more information, contact Richard McKinnon, The Grossman Cos., Inc., 617-472-2000, Fax 617-472-4600; Email: richmck@grossmanco.com ; Web site: www.grossmanco.com .
Opus East is developing a 600,000 sq.ft. mixed-use center in Philadelphia, PA. The center consists of 11,530 sq.ft. of retail space; 283 residential condominium units and 294 parking spaces. The project, which will be multi-level, is located at the intersection of 20th Street and Market Street and is scheduled to be completed by December 2008. For more information, contact Craig Guers, Opus East, 610 West Germantown Pike Suite 400, Plymouth Meeting, PA 19462; 610-729-4230; Email: craig.guers@opuseast.com ; Web site: www.opuscorp.com .
Fishman & Co. developed Merriam Pointe in Merriam, KS, located at the intersection of Interstate 35 and 67th Street with an average daily traffic count of 153,000 vehicles. The 200,000 sq.ft. center offers retail shops, offices and restaurants, with pad sites from 0.6 acres to three acres. Demographics include a trade-area population of 242,243 earning $62,464 as the average household income. For more information, contact Michele Hart, Fishman & Co., 1948 East Santa Fe, Olathe, KS 66062; 913-782-9000, Fax 913-764-5701; Email: mhart@fishmanandcompany.com ; Web site: www.fishmanre.com .
Cedarwood Development, Inc. is developing Butler Crossing in Butler Township, PA. The 221,000 sq.ft. center is situated on a land area of 38 acres and is located at the intersection of New Castle Road and Hindman Road, with an average daily traffic count of 22,000 vehicles. The center has spaces available of 2,000 sq.ft. to 6,000 sq.ft. and outlots of 0.80 to 1.5 acres available. Opening is slated for 2008. Anchors will include Ross Dress For Less and cotenants will include Office Depot, Michaels and Petco. Area demographics include a population of 47,000 within five miles earning $51,000 as the average household income. Area retail includes Wal*Mart Supercenter, Target, Sam’s Club, Home Depot, Lowe’s, Giant Eagle Market, Aldi Market, Staples and Regal Cinemas. The company is also developing Armstrong County Commons in Kittanning, PA. The 425,000 sq.ft. center is situated on a land area of 57 acres and is located at the intersection of U.S. Route 422 and Deer Run Road, with an average daily traffic count of 16,000 vehicles. The center has spaces available of 2,000 sq.ft. to 30,000 sq.ft. as well as outlots of 1.35 acres to four acres available. Opening is slated for 2008. Area demographics include a population of 81,000 within 15 miles earning $46,000 as the average household income. Area retail includes Foodland Market, Shop ‘N Save, Tractor Supply and D&K Stores. For more information, contact David V. Ferron, Sr., Cedarwood Development, Inc., 9 Loving Terrace, Lake Monticello, Palmyra, VA 22963; 434-591-0004, Fax 434-591-0054; Email: dferron@cedarwoodd.com .
Westrust Ventures, in a joint venture between Pacific Coast Capital Partners and Vornado Realty Trust, is developing The Plant in San Jose, CA. The 646,000 sq.ft. center includes 502,000 sq.ft. comprising 11 national anchor tenants, 85,000 sq.ft. of inline space, two gas stations and 8,000 sq.ft. of office space. Construction began this past August, with over 75% of the center preleased. The project is slated to open August 2007. For more information, contact Maia Plakk, Westrust Ventures, 580 California Street, Suite 1700, San Francisco, CA 94104; 415-489-1701. For more information, contact Chuck Lanyard, The Goldstein Group, Glen Rock Plaza, Suite 105, 266 Harristown Road, Glen Rock, NJ 07452; 201-703-9700, Fax 201-703-9678; Email: clanyard@thegoldsteingroup.com ; Web site: www.thegoldsteingroup.com . |