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New Construction
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New Construction Next Realty, LLC is developing a 38,500
sq.ft. shopping center in Clinton, MD at the intersection of Branch
Avenue and Route 5 that is situated on 7.5 acres. Walgreens,
Office Depot and Commerce Bank will tenant the site. Area
retail includes Safeway, Lowe’s Home Improvement and a
Wal*Mart-anchored center. Commerce Bank is already open with
Walgreens For more information, contact Next Realty, LLC, 400 Skokie Boulevard, Suite 800, Northbrook, IL 60062; 847-881-2000, Fax 841-881-2200; Web site: www.nextrealty.com. Hill Partners, Inc. is developing Clemmons Town Center, a 542,000 sq.ft. open-air lifestyle center located at the intersection of Interstate 40 and Lewisville-Clemmons Road in Clemmons, NC. Opening is slated for late 2008. The center will include the 16,675 sq.ft. Clemmons Village West retail center situated on 6.21 acres. The entire project will encompass shopping, dining and entertainment components as well as 60,000 sq.ft. of class A office space. For more information, contact Hill Partners, Inc., 101 West
Worthington Avenue, Allied Property Group is preleasing an 11,545 sq.ft. building located on East Elm Street in Greenwich, CT. The building has two first-floor spaces of 700 sq.ft. and 3,940 sq.ft., a second-floor space of 4,110 sq.ft. and a third-floor space of 2,795 sq.ft. Opening is slated for summer. Area retail includes Anne Fontaine, Baccarat, Brooks Brothers, L’Occitane, Restoration Hardware, Rugby/Ralph Lauren and Saks Fifth Avenue. Nearby draws include Greenwich train station. Area demographics include a population within five miles earning $144,811 as the average household income. For more information, contact Tom Torelli or Ron Brien,
Allied Property Group, 116 Mason Street, Greenwich, CT 06830; 203-661-5800 Ext.
2/3, Fax 203-661-4896; Glickman Kovago & Co. is developing CitySquare, a
mixed-use development on For more information, contact Michael C. Jacobs or Peter Kovago, Glickman Kovago & Co., 47 Harvard Street, Worcester, MA 01609; 508-753-9100 Ext. 229/223; Email:
brokerage@glickmankovago.com; Commercial West Associates is preleasing The Village at Clovis, a 26,735 sq.ft. strip center located at the intersection of Fowler Avenue and Nees Avenue in Fresno, CA. Starbucks tenants the center, which is slated to open this summer. Area demographics include a population of 159,341 within five miles earning $67,364 as the average household income. The company is also preleasing Fresno and Nees, a 170,000 sq.ft. power center located at the intersection of Fresno and Nees Avenue in Fresno, CA. The average daily traffic count is 119,186 vehicles. Opening is slated for summer. Area demographics include a population of 220,545 within five miles. For more information, contact Mike Miguel, Commercial West Associates, 5 River Park Place West, Suite 110, Fresno, CA 93720; 559-256-0316, Fax 559-490-3610; Email: mmiguel@commercialwest.com. River Oaks Properties is preleasing El Mercado Plaza, a 23-acre development located on Joe Battle Boulevard and Zaragoza Road in El Paso, TX. JCPenney will anchor the center and is slated to open during October. The remainder of the center is slated to open during 2008 and will also include a 30,000 sq.ft. junior anchor store and several restaurants. For more information, contact River Oaks Properties, Ltd., 106 Mesa Park Drive, El Paso, TX 79912; 915-225-5700, Fax 915-225-5701; Web site: www.ropelpaso.com. GVA Williams is preleasing a site on Cross Street in Norwalk, CT. Retail spaces of 5,000 sq.ft. and office space of 7,500 sq.ft. are available. Opening is slated for summer 2008. Area retail includes AutoZone and Radio Shack. For more information, contact Todd Talon Development Group is preleasing Oxford Center, a 200,000 sq.ft. power center situated on 20 acres. The site is located at the intersection of Lapeer Road and Ray Road in Oxford, MI. There are also two outlots available of one acre and two acres. Opening is slated for spring 2009. Area retail includes Meijer. Area demographics include a population of 126,953 within 10 miles earning $102,815 as the average household income. The company is also preleasing Grand Blanc Village, a mixed-use center situated on 129 acres. The site is located at the intersection of Saginaw Road, I-75 and Baldwin Road in Grand Blanc, MI. The average daily traffic count for Grand Blanc Village is 86,000 vehicles. Area demographics include a population of 208,057 within 10 miles earning $69,714 as the average household income. For more information, contact Cathy Wilson, Talon Development Group, 550 Hulet Drive, Bloomfield Hills, MI 48302; 248-745-3530, Fax 248-334-1915; Email:
cwilson@talondev.com; Southeastern Realty Group is preleasing West Towne Center, a 74,000 sq.ft. strip center situated on a land area of 10 acres located at the intersection of Highway 46 and Elder Road in Sanford, FL. Spaces of 1,600 sq.ft. to 13,800 sq.ft are available at the center, which is slated to open during October and has an average daily traffic count of 35,000 vehicles. Northern Tool & Equipment, Sherwin Williams and Trickshots Billiards anchor the center. Area retail includes BJ’s Wholesale Club. Asking rent is $22 psf to $23 psf with CAM of $1.25 psf and taxes of $2.50 psf. Area demographics include a population of 273,938 within 10 miles earning $69,396 as the average household income. For more information, contact Al Clark, Southeastern Realty Group, 933 Lee Road, Suite 400, Orlando, FL 32810; 407-629-5595 Ext. 228, Fax 407-645-2035; Email:
alclark@southeasternrealty.com; Capstone Realty is preleasing Watkins Mill Town Center, a mixed-use center with 225,000 sq.ft. of specialty retail and restaurant space located at the intersection of Route 355, Watkins Mill Road and Interstate 270 in Gaithersburg, MD. An additional two million sq.ft. will be dedicated to office and hotel uses as well as residential units. Spaces for ground leases are also available, as well as freestanding restaurant and bank pad sites. Opening is slated for summer 2008. The site has an average daily traffic count of 197,205 vehicles. Area retail includes Lakeforest Mall and Gaithersburg Square. Area demographics include a population of 249,384 within five miles earning $91,950 as the average household income. For more information, contact Abby Rotman, Capstone Realty, 10000 Falls Road, Suite 100, Potomac, MD 20854; 301-299-2099, Fax 301-299-2033; Email:
lhcapstone@aol.com; Correction The incorrect Web site for Royal Properties, Inc. appeared in the March 2 issue of The Dealmakers in Lead Sheet and Space Place. The correct contact information for Jeff Kintzer is below: Jeff Kintzer, Royal Properties, Inc., 850 Bronx River Road, Bronxville, NY 10708; 914-237-3403, Fax 914-237-0196; Email:
jeff@royalpropertiesinc.com;
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