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New Construction
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New Construction Lee & Associates is preleasing Jackson Marketplace, located at the intersection of Jackson Avenue and Nutmeg Street in Murrieta, CA. Anchor spaces, pad sites and shop spaces are available at the center, ranging from 1,200 sq.ft. to 14,000 sq.ft. Pad sites are available for ground lease or built to suit. Opening is slated for the first quarter of 2008. Area retail includes Costco, In-N-Out Burger, Thomasville, McDonald’s, Sav-on Drugs, Target, Chili’s, Starbucks, Babies "R" Us, Guitar Center, Bed Bath & Beyond, Levitz, Petco, Lowe’s Home Improvement, Kohl’s, Home Depot, Best Buy, Staples, PetSmart, Big Lots and 7-Eleven. The average daily traffic count is 25,800 vehicles. Area demographics include a population of 112,295 within five miles earning $79,846 as the average household income. For more information, contact Brian Bielatowicz, Ted
Rivenbark and Jakob Irion, Lee & Associates, 25240 Hancock Avenue, Suite 100,
Murrieta, CA 92562; 951-445-4515/4512/4519, Fax 951-445-4527; Sperry Van Ness is preleasing Ridgeview Marketplace, a 10,000 sq.ft. center located at the intersection of Powers Boulevard and Stetson Hills in Colorado Springs, CO. Spaces from 1,300 sq.ft. are available as well as pad sites. King Scoopers shadow-anchors the center. For more information, contact Karen Evans, Sperry Van Ness,
1864 Woodmoor Drive, Suite 214, Monument, CO 80132; 719-648-3070, Fax
719-487-8899; GBT Realty Corp. is preleasing The Crossings of Spring
Hill, a 63-acre, 500,000 sq.ft. regional shopping center located at the
intersection of U.S. Highway 31 and Saturn Parkway in Spring Hill, TN. Super
Target, occupying 178,000 sq.ft., and Kohl’s, occupying 98,000 sq.ft.,
will anchor the center. The center will also have up to four co-anchor tenants
occupying spaces of 15,000 sq.ft. to 30,000 sq.ft., as For more information, contact Tracy Reidy, GBT Realty Corp.;
615-370-0670; Wolanin Cos., Ltd. is preleasing Ardmore, a 60,000 sq.ft. mixed-use development in Fort Myers, FL. The five-acre site is located on Summerlin Road with an average daily traffic count of 100,000 vehicles. Groundbreaking is slated for 2008 or 2009. Asking rents range from $29 psf to $35 psf. Area demographics include a population of 300,000 within five miles. For more information, contact Linda Griggs or David Sussman,
Wolanin Cos., Ltd., PO Box 38001, Albany, NY 12203-8001; 518-456-9200 Ext. 10; Redevco Corp. is preleasing Bahamian Village, a 56,000 sq.ft. center located at the intersection of U.S. 1 and Grand Avenue in Coral Gables, FL. Spaces of 1,000 sq.ft. to 13,000 sq.ft. are available. Asking rent is $40 psf plus CAM of $6.75 psf and taxes of $3.50 psf. Opening is slated for December 2009. The average daily traffic count is 89,500 vehicles. Area demographics include a population within five miles earning $59,775 as the average household income. For more information, contact Debra or Allan Kolsky, Redevco
Corp., 1175 Northeast 125th Street, Suite 103, Miami, FL 33161;
305-981-4500, Fax 305-891-0003; Denny Elwell Co. is preleasing Crossroads Shopping
Center, a 35,125 sq.ft. strip center located at the intersection of Delaware
Avenue and Oralabor Road, near Interstate 35 in Ankeny, IA. Situated on a land
area of 3.77 acres, the center has spaces available of 1,400 sq.ft. to 20,000
sq.ft. and is anchored by For more information, contact Darcy Gill, Denny Elwell Co.,
2401 Southeast Tones Drive, Suite 17, Ankeny, IA 50021; 515-964-1587, Fax
515-964-8749; Global Real Estate Investment is preleasing Military Square Shopping Center, a 7,181 sq.ft. building located at the intersection of North Military Highway and Poplar Hall Road in Norfolk, VA. Spaces are available from 1,166 sq.ft. and up with an opening slated for spring. Asking rent ranges from $23 psf to $25 psf with CAM, taxes and insurance of $4.50 psf. Area retail includes Toys "R" Us, Boston Market and Arby’s. Area demographics include a population of 300,065 within five miles earning $41,283 as the average household income. The average daily traffic count is 48,000 vehicles. For more information, contact Michael P. Zarpas or Mike Cutter, Global Real Estate Investment, 101 West Main Street, Suite 350, Norfolk, VA 23510; 757-622-6009, Fax 757-622-5460. Centdev Properties is developing Union Cross Towne, an 85-acre lifestyle center located at the intersection of Union Cross Road and Interstate 40 in Kernersville, NC. The center will be comprised of 300,000 sq.ft. of retail and entertainment tenants and up to 100,000 sq.ft. of office space, in addition to two hotels, and up to 200 villas and town homes. Opening is slated for the middle of next year. The average daily traffic count is 70,000 vehicles. For more information, contact Dale Tweedy, Centdev Properties; 704-895-1535 Ext. 17. VIP Commercial – TCN Worldwide is preleasing Plaza at Parker Commons, a 51,200 sq.ft. mixed-use development located at the intersection of Daniels Parkway and Parker Commons Boulevard in Fort Myers, FL. The site includes 16,900 sq.ft. of retail; a 5,200 sq.ft. restaurant site; a 4,100 sq.ft. bank pad site and 25,000 sq.ft. of office space on two floors. Asking rents range from $23 psf to $25 psf plus CAM. The site has an average daily traffic count of 65,000 vehicles. Opening is slated for fall. Area demographics include a population of 71,165 within five miles earning $56,698 as the average household income. The company is also preleasing Plaza del Sol, an office/retail plaza located at the intersection of Corkscrew Road and Three Oaks Parkway in Estero, FL. The development has spaces available of 1,106 sq.ft. to 25,000 sq.ft. with rents ranging from $18 psf to $25 psf plus CAM estimated at $6 psf. For more information regarding Plaza at Parker Commons,
contact Paul Sands or Tiffany Martin, VIP Commercial – TCN Worldwide, 13131
University Drive, Fort Myers, FL 33907; 239-489-3303 Ext. 177/198, Fax
239-437-7277/7256. For more information regarding Plaza del Sol, contact Paul
Sands; |