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New Construction
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New Construction Wilkins & Associates, Inc. is preleasing South Market Village, a 55,000 sq.ft. specialty center being built on 10 acres in Hendersonville, NC at the intersection of U.S. 25 South and U.S. 176. The average daily traffic count is 25,000 vehicles. Cotenants include Copper River Grill and area retailers include Food Lion, Fresh Market and Harris Teeter. Area demographics include a population of 75,000 within 10 miles earning $64,000 as the average household income. Construction is slated for June and the center is scheduled to open during March 2008. For more information, contact Charlie Wilkins, Wilkins & Associates, Inc., PO Box 700, Landrum, SC 29356; 864-457-5091, Fax 864-457-3671; Email: wilkinsinc@alltel.net.
Zaremba Group, LLC is preleasing Cedar Crossings, a one million sq.ft. power center located in New Lenox, IL on U.S. Route 6, west of Cedar Road and the new I-355 extension. The center is located on a land area of 133 acres. Small shop, mid-size and large footprint retail space is available, as well as outlots of 2.13 acres, 6.13 acres and 10.03 acres. Area demographics include a population of 227,201 within seven miles earning $84,806 as the average household income. Opening is slated for fall 2008. For more information, contact Tim Todaro, Zaremba Group, LLC, 14600 Detroit Avenue, Lakewood, OH 44107; 216-221-6600, Fax 216-221-9742; Email: ttodaro@zarembagroup.com; Web site: www.cedarcrossings.com. Thor Equities is developing The Shoppes at Cinco Ranch, a 750,000 sq.ft. retail development in West Houston, TX. The big box/grocery/lifestyle center will be located on a land area of 80 acres between a 7,000-acre master plan community with 12,000 home sites currently under construction. The center will also house 75,000 sq.ft. of office space. Opening is slated for spring 2009. For more information, contact Jason Richter, Thor Equities, 139 5th Avenue, New York, NY 10010; 212-529-5869, Fax 212-460-5362; Email: jrichter@thorequities.com.
Zifkin Realty & Development, LLC is preleasing a site located at the intersection of Halsted and Holbrook in Homewood, IL. There is small shop space available of 1,400 sq.ft. to 10,000 sq.ft. and a bank or restaurant pad site. Area demographics include a population of 196,439 within five miles earning $66,272 as the average household income. The site is across from Wal*Mart. For more information, contact Kyle Mayberry, Zifkin Realty & Development, LLC, 560 West Washington Boulevard, Suite 400, Chicago, IL 60661; Email: kmayberry@zifkinrealty.com. The Shopping Center Group is preleasing a Farm Fresh Supervalu Grocery-anchored center located at the intersection of Route 95 and Premiere Boulevard in Roanoke Rapids, NC. Small shop space is available of 1,400 sq.ft. to 8,000 sq.ft. and an outparcel for sale or ground lease of 1.1 acres is also available. The site is across from a Wal*Mart Supercenter. For more information, contact Vance T. Bartley, The Shopping Center Group, 534 Settlers Landing Road, Hampton, VA 23669; 757-722-2500, Ext. 206, Fax 757-723-0001; Email: vanceb@theshoppingcentergroup.com.
Land Track, Inc. is preleasing Center of the Northside located at the intersection of Dundee Road and Skokie Boulevard in Northbrook, IL. The site has an average daily traffic count of 70,000 vehicles. The 517,000 sq.ft. upscale mixed-use development will include 25,000 sq.ft. of office space, as well as banquet facilities, restaurants, retail and a Hyatt Hotel. Tenants include Pompei Restaurant and Spirti Café & Lounge. Opening is slated for spring and summer during 2008. For more information, contact Land Track, Inc., 5750 Old Orchard Road, Suite 100, Skokie, IL 60077; 847-967-8777, Fax 847-967-8779.
Empire Commercial Real Estate is preleasing phase two of Sierra Crossroads in Fontana, CA. Opening is scheduled for the beginning of 2008 and expected cotenants include Bank of America and Walgreens. The initial phase is anchored by Stater Bros. For more information, contact Empire Commercial Real Estate, 909-987-7788.
Titanium Development Group is preleasing Mallard Crossing in Washington, IL. The center will consist of two 10,500 sq.ft. retail/office centers with space available from 1,750 sq.ft. to 10,500 sq.ft. For more information, contact David Thornburg, Titanium Development Group, 1291 Peoria Street, Washington, IL 61571; 309-444-8338, Fax 309-481-0481.
Highland Development Co. is developing an 84,500 sq.ft. retail/office center located at the intersection of Panama Lane and Wible Road in Southwest Bakersfield, CA. The average daily traffic count is 45,000 vehicles. The center will include 40,000 sq.ft. of restaurant and shop space and 44,500 sq.ft. of office space and will be anchored by an existing Walgreens. Area tenants include Albertsons, Costco and Lowe’s Home Improvement. For more information, contact Highland Development Co., 80 South Lake Avenue, Suite 660, Pasadena, CA 91101; 626-696-2000; Web site: www.highlanddevco.com.
Lee & Associates Commercial Real Estate Services is preleasing Centerpointe at Seneca located at the intersection of Highway 395 and Seneca Road in Adelanto, CA. The 164,600 sq.ft. center is situated on a land area of 18.5 acres. Area demographics include a population of 106,873 within five miles earning $52,317 as the average household income. The site has daily traffic counts in excess of 27,800 vehicles. For more information, contact Rob Kurth, Jeff Stanley, Nick Wirick or Katherine Hunt, Lee & Associates Commercial Real Estate Services, 760-241-5211, 951-276-3600.
Juliet Cos. is developing Deer Springs Crossing in North Las Vegas, NV. The 325,000 sq.ft. power center is situated on a land area of 35 acres and is located at the intersection of Fifth Street and Deer Springs Way. The center will consist of a 90,000 sq.ft. Kohl’s, which will anchor the center. Also included are four to five junior anchors with spaces available from 15,000 sq.ft. to 30,000 sq.ft. and four to five inline buildings with spaces available from 7,000 sq.ft. to 10,000 sq.ft. and divisibility to 1,400 sq.ft. Asking rents will range from $2.74 psf to $3.50 psf NNN monthly. For more information, contact Juliet Cos., 702-368-5800.
Walpert Properties is developing the Shoppes at Green Mount in O’Fallon, MO, that is to include a strip center and office building. The site will also house a hotel. For more information, contact Walpert Properties, 11457 Olde Cabin Road, 2nd Floor, St. Louis, MO 63141.
The Wilder Cos. is developing Loop West, a 400,000 sq.ft. lifestyle center located at the intersection of Osceola Parkway and Thacker Avenue in Osceola County, FL. The center sits on a land area of 47 acres and is anchored by Belk and JCPenney. Other anchors include Bed Bath & Beyond, Kohl’s, Michaels, Old Navy, Regal Cinemas and Sports Authority and cotenants include Aeropostale, American Eagle, Johnny Rockets, Pacific Sunwear, Panera Bread and Sunglass Hut. Tenant openings are slated for spring 2008. Loop West is an expansion of The Loop, a 440,000 sq.ft. center that opened during May 2005. The company is also developing The Rialto, a 350,000 sq.ft. upscale, mixed-use center in Orlando, FL. The development sits on a land area of 13 acres. Cotenants include Sadler’s Fine Clothiers, Glow, Bar Louie, J. Alexander and Veneta Cucine. For more information, contact The Wilder Cos., 800 Boylston Street, Suite 1300, Boston, MA 02199; 617-247-9200, Fax 617-506-2960.
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