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New Construction
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New Construction Crosland, LLC is developing Chippenham Place, a mixed-use project in Richmond, VA. The center will be anchored by Kroger and is a redevelopment of the former Cloverleaf Mall. It will include 200,000 sq.ft. of retail space and 500 residential units. Construction is slated for 2008. For more information, contact James Downs, Crosland, LLC; 704-561-5257; Email: jdowns@crosland.com.
CB Richard Ellis is preleasing Vintage Park, a 500,000 sq.ft. lifestyle center being built on an 84-acre mixed-use site in Houston, TX. Located at the intersection of Highway 249 and Louetta Road, the site will be anchored by HEB, which will occupy 107,000 sq.ft. Contracts are pending with Amegy Bank, Bank of Texas, Trustmark and Laredo National Bank for pad sites at the development. There are 12 retail spaces available from 13,730 sq.ft. to 51,275 sq.ft. and four pad sites ranging from 1.3 acres to 3.18 acres. The average daily traffic count is 279,250 vehicles and area demographics include a population of 190,167 within five miles earning $105,143 as the average household income. Completion is slated for this summer. For more information, contact Curtis Henderson or Elizabeth Bowman Clampitt, CB Richard Ellis, 2700 Post Oak Boulevard, Suite 400, Houston, TX 77056; 713-840-6503/6571; Emails: curtis.henderson@cbre.com and elizabeth.clampitt@cbre.com.
Basser-Kaufman is preleasing Rite Aid Plaza, a 59,000 sq.ft. community strip center located in Washington Township, NJ at the intersection of Cross Keys Road and Fries Mill Road. Rite Aid occupies 14,500 sq.ft. at the site, which will also include 36,000 sq.ft. of proposed retail stores, a 1,300 sq.ft. proposed bank pad site and a 1,200 sq.ft. proposed fast-food pad site. Area demographics include a population of 147,185 within five miles earning $69,611 as the average household income. For more information, contact Basser-Kaufman, 335 Central Avenue, Lawrence, NY 11559; 516-569-3700, Fax 516-569-7528.
National Commercial Brokers, Inc. is preleasing Lafayette Market Place, a 110,000 sq.ft. shopping center located on Route 1 in Portsmouth, NH. There are anchor, junior anchor and small shop spaces available as well as pad sites with drive-thru opportunities. Area retailers include Wal*Mart, Market Basket, Shaw’s and Brooks Pharmacy. Opening is slated for the fall. The site has an average daily traffic count of 18,000 vehicles. Area demographics include a population of 112,103 within 10 miles earning $80,004 as the average household income. For more information, contact Ed Gerwig or Brian Nadler, National Commercial Retail Brokers, Inc., 75 Second Avenue, Suite 315, Needham, MA 02494; 781-453-0360, Fax 781-453-0390; Web site: www.nationalcommercial.com. Colliers Dow & Condon is preleasing a project on New Britain Avenue in West Hartford, CT. The development will be situated on a land area between 1.25 acres and 1.75 acres, with build-to-suit spaces of up to 12,000 sq.ft. The average daily traffic count is 21,600 vehicles. Area demographics include a population of 281,252 within five miles earning $44,141 as the average household income. For more information, contact David Richard, Colliers Dow & Condon; 860-249-6521, Fax 860-247-4067; Email: richard@dowcondon.com; Web site: www.colliersdow.com.
Newmark Knight Frank is preleasing a three-level property in New York, NY located at the intersection of Broadway, West 36th Street, West 35th Street and Avenue of the Americas. The property includes 7,789 sq.ft. on the lower level; 8,750 sq.ft. on the ground level and 8,950 sq.ft. on the second level. Opening is slated for January 2008. Area retailers include Macy’s, Victoria’s Secret, H&M, Steve Madden, Zara, Ann Taylor Loft, Banana Republic, Express and Bebe. Nearby draws include Herald Square, PATH train station, New Jersey Transit station and subway and bus lines. For more information, contact Jeffrey Roseman or Craig Slosberg, Newmark Knight Frank; 212-372-2430/2398; Emails: jroseman@newmarkkf.com and cslosberg@newmarkkf.com.
Faison is developing Settlers Ridge in Pittsburgh, PA. The 580,000 sq.ft. lifestyle center sits on a land area of 77 acres located at the intersection of Parkway West and Ridge Road/Campbells Road Run. The center will be anchored by a 60,000 sq.ft. multiplex cinema, a 34,000 sq.ft. bookstore, a sporting goods store, a 40,000 sq.ft. health club and 120,000 sq.ft. of home and apparel fashion stores. The site will also feature a 15,000 sq.ft. Maggiano’s restaurant; 150,000 sq.ft. of specialty stores and 65,000 sq.ft. of lifestyle restaurants. Opening is slated for fall 2008. Area retail includes Mall at Robinson and IKEA. Area demographics include a population of 758,348 within a 20-minute drive earning $57,144 as the average household income. For more information, contact Drew Gorman or Cathy Hess, Faison, 7920 Norfolk Avenue, Suite 800, Bethesda, MD 20814; 301-986-9696, Fax 301-986-1123; Emails: drew.gorman@faison.com and cathy.hess@faison.com; Web site: www.faison.com .
Nassimi Realty Corp. is developing a 300,000 sq.ft. regional shopping center in Ewing, NJ located on Parkway Avenue. Spaces ranging from 9,000 sq.ft. to 60,000 sq.ft. are available for big box anchors, junior anchors and inline stores. There is also a pad site available of 5,500 sq.ft. Area demographics include a population of 304,046 within 10 miles earning $86,002 as the average household income. For more information, contact Nassimi Realty Corp., 370 7th Avenue, Suite 1700, New York, NY 10001; 212-643-8080, Fax 212-643-2626; Email: leasing@nassimirealty.com; Web site: www.nassimirealty.com. Breslin Realty is preleasing Big Y Plaza, a 109,598 sq.ft. shopping center located in Bethel, CT at the intersection of Stony Hill Road and Old Hawleyville Road. The development sits on a land area of 16 acres. Area retail includes Target, Wal*Mart, Best Buy and Home Depot. Opening is slated for the middle of this year. Area demographics include a population of 398,457 within 15 miles earning $114,437 as the average household income. The company is also preleasing Liberty Crossing, an 800,000 sq.ft. shopping center in Stonington, CT situated on a land area of 122 acres. Located at the intersection of Interstate 95 and Route 2, nearby draws include Foxwoods and Mohegan Sun casinos, Mystic Seaport and North Stonington Studios. Area demographics include a population of 214,337 within 15 miles earning $66,317 as the average household income. For more information regarding Big Y Plaza or Liberty Crossing, contact Richard MacDougall or Benjamin Zitron, Breslin Realty, 500 Old Country Road, Garden City, NY 11530; 516-741-7400 Ext. 263/242; Emails: rmacdougall@breslinrealty.com and bzitron@breslinrealty.com.
Equity Retail Brokers is preleasing The Shoppes at Morgantown, a 200,000 sq.ft. shopping center in Caernarvono, PA. Located at the Morgantown Turnpike Exit, the site has an average daily traffic count of 58,934 vehicles. Area retail includes Wal*Mart, Lowe’s Home Improvement, Blockbuster Video, Dunkin’ Donuts, Staples, Dairy Queen and Arby’s. For more information, contact Rob Samtmann, Equity Retail Brokers, 101 West Elm Street, Conshohocken, PA 19428; 484-417-2208; Email: rsamtmann@equityretailbrokers.com.
Desarrollos Urbanos is developing Plaza Pedregales, a 200,000 sq.ft. community shopping center located on PR-3 in Canovanas, Puerto Rico. The center sits on a land area of 24 acres with construction slated to begin this year. The site will include two to three anchor stores occupying 70,000 sq.ft. to 90,000 sq.ft.; four to five outparcels occupying 12,000 sq.ft. to 24,000 sq.ft. and inline spaces occupying 86,000 sq.ft. to 118,000 sq.ft. Area demographics include a population of 129,040 within five miles earning $22,425 as the average household income. For more information, contact Desarrollos Urbanos, PO Box 13460, San Juan, Puerto Rico 00908; 787-474-8266 Ext. 23, Fax 787-474-8267; Email: info@desarrollosurbanos.com; or 787-977-7277, Fax 787-977-7276.
Vici Real Estate is preleasing a 24,590 sq.ft. center located in Duluth, GA at the intersection of Breckinridge Boulevard and Pleasant Hill. Spaces are available of 800 sq.ft. to 2,000 sq.ft. For more information, contact Brad Doiron, Vici Real Estate, 5755 North Point Parkway, Suite 42, Alpharetta, GA 30022; 678-218-1700, Fax 678-218-1715; Email: bdoiron@vicirealestate.com.
Hagan Properties is redeveloping Middletown Station Shopping Center, a 65-acre shopping center in Louisville, KY. The project is located at the intersection of English Station Road and Shelbyville Road and will be anchored by Wal*Mart Supercenter, which is slated to open during April. There is a big box space available of 120,000 sq.ft. as well as smaller shop space and freestanding outparcel opportunities. Area demographics include a population of 106,924 within five miles earning $102,809 as the average household income. The company is also preleasing an 80,000 sq.ft. expansion of Shelbyville Road Plaza in St. Matthews, KY. The center can accommodate tenants of up to 25,000 sq.ft. and restaurants of up to 9,000 sq.ft. It is adjacent to Mall St. Matthews and Oxmoor Center Mall with retailers such as Borders, Circuit City, Wild Oats, Linens ‘N Things, Off Broadway Shoe Warehouse and World Market. Area demographics include a population of 219,429 within five miles earning $84,274 as the average household income. For more information, contact Mark Sneed, Hagan Properties, 12975 Shelbyville Road, Suite 100, Louisville, KY 40243; 502-245-8800, Fax 502-245-7747; Email: marky@haganpropertiesinc.com; Web site: www.haganpropertiesinc.com.
Compson Development, Inc. is developing the second phase of Wards Crossing West in Lynchburg, VA, which includes three retail spaces totaling 42,000 sq.ft. and a big box space of 57,000 sq.ft. Phase one totaled 137,000 sq.ft. on 31 acres, with an 89,000 sq.ft. Kohl’s, Old Navy and Ross Dress for Less. Opening of phase two is slated for September. For more information, contact Compson Development, 1320 Old Chain Bridge Road, Suite 400, McLean, VA 22101; 703-847-0700, Fax 703-893-5763.
Jeffrey R. Anderson Real Estate, Inc. and Duke Realty Corp. are preleasing The Shops at Pembroke Gardens, a 400,000 sq.ft. upscale retail development located at the intersection of Interstate 75 and Pines Boulevard in Pembroke Pines, FL. Tenants include Bebe, Brio Tuscan Grille, Victoria’s Secret, Banana Republic, Chico’s and Wild Oats Natural Marketplace. For more information, contact Jeffrey R. Anderson Real
Estate, Inc.; Rookwood Tower
Paul Hemmer Cos. is preleasing Independence Towne Center, a 26,000 sq.ft. project located in Independence, KY that will be anchored by Ace Hardware superstore. The store will occupy 15,000 sq.ft., including a 3,000 sq.ft. garden center, and is slated to open this summer. For more information, contact Paul Hemmer Cos., 250 Grandview Drive, Fort Mitchell, KY 41017; 630-820-2018; Web site: www.paulhemmer.com.
Pineapple Square Properties, LLC and Urban Retail Properties Co. are preleasing phase one of Pineapple Square, a mixed-use project located in Sarasota, FL that will be developed in three phases and include 30 to 40 retailers and 276 residential units. Recently signed tenants include a 5,100 sq.ft. Brooks Brothers, Pastry Art and a 4,500 sq.ft. Sur La Table. Phase one will be 30,000 sq.ft. and will open during fall. Phase two will include a 13-story, mixed-use building, City Place at Pineapple Square, which will consist of 157 residential units and 85,000 sq.ft. of additional retail space. Construction is slated to begin during March, with the retail component slated to open next year and the residential component slated for a 2009 opening. For more information, contact Mary Youngblood or Roberta Hamer, Urban Retail Properties Co., 925 South Federal Highway, Suite 225, Boca Raton, FL 33432; 561-394-6433/212-333-8757; Emails: youngblm@urbanretail.com and hamerr@urbanretail.com.
Stanbery Development, LLC is preleasing The Shoppes at Coconut Creek, a 238,212 sq.ft. shopping center in Coconut Creek, FL. Opening is slated for October 2008. Committed tenants include Ann Taylor Loft, Limited Too, Evelyn & Arthur, White House/Black Market, Banana Republic, Jos. A. Bank, Chico’s, Talbots, Coldwater Creek and Starbucks. The company is also preleasing The Shoppes at Wyomissing, a 103,108 sq.ft. center in Wyomissing, PA. Committed tenants include Justice, The Children’s Place, Jos. A. Bank, Ann Taylor Loft, Zoup, Kay Jewelers, J.Jill, Coldwater Creek, Talbots, Aveda, Clarks, Motherhood Maternity and Chico’s. For more information, contact Ray Brunt, Kathy Sawin or Charles Cristella, Stanbery Development, LLC, 250 East Broad Street, Suite 200, Columbus, OH 43215l; 732-223-0257/610-658-9090/856-988-1771, Fax 614-437-8101; Emails: rbrunt@stanbery.com , ksawin@stanbery.com and ccristella@stanbery.com.
KMA Investment Properties is preleasing a 16,500 sq.ft. multi-tenant retail building located in St. Lucie, FL at the intersection of St. Lucie West Boulevard and Northwest Courtyard Circle. CitiBank will occupy the 4,300 sq.ft. endcap. Construction is slated to begin during March. For more information, contact Scott Meyers, KMA Investment Properties, 1197 South Rogers Circle, Boca Raton, FL 33487; 561-998-7100, Fax 561-998-5360; Email: scottm@kmainvestments.com.
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