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New Construction
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New Construction Jim Wilson & Associates, Inc. is preleasing EastChase Market Center, a 513,688 sq.ft. power center located in Montgomery, AL at the Taylor Road exit off Interstate 85. The center, part of the 330-acre EastChase mixed-use development, will feature two anchor stores and eight mid-box retailers. Opening is slated for this summer and will bring the total retail space of EastChase to 1.272 million sq.ft. The development includes The Shoppes at EastChase, a 432,000 sq.ft. open-air center that opened during 2002 and is anchored by Dillard’s, Books-A-Million and Linens ‘N Things. Cotenants include Williams-Sonoma, Ann Taylor, New York & Company, Talbots, Chico’s, Coldwater Creek, Harold’s and Banana Republic, along with the following restaurants: Bonefish Grill, La Jolla Restaurant & Bar, Red Star Tavern, Panera Bread, Cheeburger Cheeburger, Zoes Kitchen, Moe’s Southwest Grill and Guthries. In addition, the development includes The Plaza at EastChase, a 325,907 sq.ft. power center anchored by Target, Kohl’s, PetSmart, Ross Dress for Less, World Market and Pier 1 Imports. Occupying the site’s outparcels are Starbucks, Chick-fil-A, Arby’s, Wendy’s, Sonic, Hampton Inn & Suites, Verizon Wireless, Wachovia, Lifeway Christian Store, Ruby Tuesday, Whataburger, The Vitamin Shoppe and Chili’s. Lakeview Center at the Office Park at Eastchase makes up phase one of the office component of the project, with a total of 100,000 sq.ft. of office space. A hotel is also planned for the site, with Staybridge Suites slated to open next year. Nearby draws include Maxwell Air Force Base and Gunter Annex and Air University. Area demographics include a population of 104,460 within five miles earning $103,827 as the average household income. For more information, contact Jim Wilson & Associates, Inc.,
Lakeview Center, 2660 Eastchase Lane, Suite 100, Montgomery, AL 36117;
334-260-2500, Fax 334-260-2533; Zifkin Realty & Development, LLC is preleasing Pinewood Plaza, a strip center with spaces available of 900 sq.ft. to 7,000 sq.ft. The Walgreen’s-anchored center is located at the intersection of 143rd Street and Will Cook Road. Demographics include a population of 104,000 within a five-mile radius earning an average household income of $85,841. The average daily traffic count is 17,600 vehicles. For details, contact Tyler Quast or Scott Dolan, Zifkin
Realty & Development, LLC, 560 West Washington Boulevard, Suite 4W, Chicago, IL
60661; 312-624-7762/7790; Garden Commercial Properties is preleasing Raritan Town Square, a 520,000 sq.ft. mixed-use center located at the intersection of State Route 31 and County Route 523 in Flemington, NJ. Lowe’s Home Improvement and Wal*Mart are anchoring the site, which will include a power retail center with entertainment and office components, as well as a civic center. Opening is slated for next spring. The company is also preleasing: Linpark Square, a 277,500 sq.ft. center in Linden, NJ; Vineyard Square, a 183,000 sq.ft. center in Edison, NJ; The Crossroads at Mahwah, a 1.5 million sq.ft. mixed-use center in Mahwah, NJ and Fair Lawn Promenade, a 75,000 sq.ft. mixed-use center in Fair Lawn, NJ. For more information, contact Garden Commercial Properties;
973-467-5000 Ext. 200; NAI Welsh is redeveloping Cedar Point Commons, a 350,000 sq.ft. center situated on a land area of 30 acres on 66th Street in Richfield, MN. SuperTarget and Home Depot will anchor the center, which is slated to open during October. Spaces of 1,200 sq.ft. to 8,400 sq.ft. are available. Demographics include a population of 288,456 within five miles earning $71,223 as the average household income. The average daily traffic count is 82,600 vehicles. Area retail includes Mall of America, Wal*Mart, Rainbow, Sam’s Club, Cub Foods, Bally’s Total Fitness, IKEA, Menard’s and Michaels. For more information, contact Kim Schisel or Chris Simmons,
NAI Welsh, 900 Second Avenue South, Minneapolis, MN 55402; 952-897-7715/7760,
Fax 952-837-3001; Parkview Development Partners, LLC is preleasing Parkview Place, a 23,268 sq.ft. strip center located at the intersection of Gary Avenue and Lias Road in Carol Stream, IL. The 3.2-acre site has spaces available of 1,300 sq.ft.; 1,625 sq.ft. and 1,950 sq.ft. Opening is slated for January 2008. CVS anchors the site, with cotenants including Subway and Cleaner Depot. Demographics include a population of 257,355 within five miles earning $89,416 as the average household income. The average daily traffic count is 41,700 vehicles. Area retail includes Stratford Mall. Asking rent is $28 psf to $32 psf plus CAM of $4.50 psf. For more information, contact Michael J. Lindsay, Parkview Development Partners, LLC, PO Box 77, Clarendon Hills, IL 60514; 630-323-9595, Fax 630-323-9591. Croman Development Co. is preleasing Shark River Plaza, a 70,000 sq.ft. strip center situated on 6.5 acres at the intersection of Route 33 and West Sylvania Avenue in Neptune City, NJ. There are spaces available of 17,000 sq.ft. and 32,000 sq.ft. Demographics include a population of 135,832 within five miles earning $76,155 as the average household income. The company is also preleasing a 30,000 sq.ft. strip center in Hackettstown, NJ. Located at the intersection of Mountain Avenue and East Avenue, the center sits on a land area of 3.5 acres. Demographics include a population of 47,331 within five miles earning $95,470 as the average household income. The average daily traffic count is 25,000 vehicles. For more information, contact Larry Poley, Croman Development
Co., 395 Pleasant Valley Way, West Orange, NJ 07052; 973-736-4500, Fax
973-736-3223; McWhinney Enterprises is developing Grand Station at Centerra, a 110-acre mixed-use project located at the intersection of Highway 34 and Interstate 25 in Fort Collins, CO and slated to open during 2009. The center will feature 480,000 sq.ft. of retail, restaurants and entertainment, as well as 245,000 sq.ft. of offices, 156 residences, a 180-room four-diamond hotel and 220 business travel hotel rooms. Phase one will consist of 60 acres. The site has an average daily traffic count of 109,300. Area demographics include a trade-area population of 510,462 earning $70,193 as the average household income. Nearby draws include Colorado State University, University of Northern Colorado, University of Colorado at Boulder, Front Range Community College and Aims Community College. Grand Station at Centerra is part of Centerra, a 3,000-acre master-planned project that includes The Promenade Shops at Centerra, a 680,000 sq.ft. outdoor lifestyle center tenanted by Banana Republic, Bebe, White House/Black Market, Chico’s, Soma, Jos. A. Bank, Coldwater Creek, Christopher & Banks, Ann Taylor Loft, P.F. Chang’s and Build-A-Bear Workshop. The project also includes The Marketplace at Centerra, a 500,000 sq.ft. power center. For more information, contact Ron Kuehl or Camie Prach,
McWhinney Enterprises, 2725 Rocky Mountain Avenue, Suite 200, Loveland, CO
80538; 970-613-4562/4571; |