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New Construction
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New Construction Barclay Group is developing the following power centers throughout AZ: Phases one and two of Tucson Spectrum, a one million sq.ft. development located at the intersection of Interstate 19 and Irvington Road in Tucson; Surprise Spectrum, a 950,000 sq.ft. project located at the intersection of 163rd Avenue and Grand Avenue in Surprise; Marana Spectrum, a 1.3 million sq.ft. center located at the intersection of Interstate 10 and Linda Vista Boulevard in Marana; Laveen Spectrum, a 477,000 sq.ft. development located at the intersection of 59th Avenue and Baseline Road in Laveen; Pecan Promenade, a 350,000 sq.ft. center located at the intersection of 99th Avenue and Lower Buckeye Road in Phoenix; Buckeye Spectrum, a 140-acre, 830,000 sq.ft. mixed-use project located at the intersection of Southern Avenue and Oglesby Road/Highway 85 in Buckeye and Pima Promenade, a 408,000 sq.ft. development located at the intersection of Pima Road and Via de Ventura in Scottsdale. For more information, contact Barclay Group; 480-596-9399, Fax 480-596-6366; Web site: www.barclaygroup.net. Jeffrey R. Anderson Real Estate, Inc. is preleasing West End, a 47-acre parcel located at the intersection of Interstate 394 and Highway 100 in Minneapolis-St. Paul, MN. Plans call for 340,000 sq.ft. of retail space, including a movie theater, and 1.1 million of office space, as well as a hotel. For more information, contact Jeffrey R. Anderson Real
Estate, Inc., Rookwood Tower, Keller Williams San Francisco Properties is developing a 6,000 sq.ft. shopping center on Hillsdale Boulevard in San Mateo, CA. Area retail includes Whole Foods, Peet’s Coffee, Left Bank restaurant and Pasta Pomodoro. Asking rent is $5 psf NNN monthly. For more information, contact Evan Langert, Keller Williams San Francisco Properties, 1500 Franklin Street, San Francisco, CA 94109; 415-202-9900; Web site: www.thelangertgroup.com. Bacall Development is developing Plymouth Towne Center, a 160,000 sq.ft. neighborhood shopping center located at the intersection of Haggerty Road and Ann Arbor Road in Plymouth, MI. Committed tenants include Leo’s Coney Island, Grand Traverse Pie Company and Batteries Plus. A grocery store will anchor the site. Phase one is slated to be completed during December and phase two, which will include the anchor tenant, is slated to open during the first or second quarter of 2008. For more information, contact Bacall Development; 248-538-7500. Levin Management Corp. is preleasing Edgewater Square, an 80,000 sq.ft. mixed-use project located in Edgewater, NJ on the river walk along the Hudson River. The site will feature 420 upscale residences, 61,000 sq.ft. of retail and waterfront restaurants and the Edgewater Borough Hall municipal building, as well as office space. The development from National RE/sources, LLC will be the first LEED green development in the state. For more information, contact Levin Management Corp., 893 Route 22 West, North Plainfield, NJ 07060; 800-488-0768, Fax 908-755-7194. Vision Real Estate is preleasing outparcels located at the intersection of Tennessee Boulevard and Northfield Boulevard in Murfreesboro, TN. Area demographics include a population of 98,386 within five miles earning $64,084 as the average household income. The average daily traffic count is 20,359 vehicles. For more information, contact Rob Foss, Vision Real Estate,
5544 Franklin Road, Suite 200, Nashville, TN 37220; 615-467-3788 Ext. 15, Fax
615-467-3789; Email: CB Richard Ellis and Strategic Development Advisors are preleasing Citrus Crossing, a 23-acre mixed-use redevelopment project located at the intersection of Citrus Avenue and Alosta Avenue in Azusa, CA. The site will feature 175,000 sq.ft. of retail and a 102-unit townhouse complex. Existing tenants include Ross Dress for Less, CVS, 99 Cents Only and Kragen Auto Parts. Committed tenants include a 10-screen Regency Theatres, Tesco’s Fresh & Easy, Panda Express, Starbucks and Jamba Juice. A freestanding restaurant pad site and additional shop space are available. Nearby draws include Azusa Pacific University and Citrus College. Opening is slated for 2008. For more information, contact Peter Moersch, CB Richard
Ellis, 2125 East Southeastern Retail Investments, the retail development arm of Mimms Enterprises Commercial Real Estate, is preleasing The Market at Town Creek, a 225,000 sq.ft. retail development situated on a land area of 53 acres in Town Creek, TN. Construction is slated to begin early 2008. For more information, contact Mimms Enterprises Commercial Real Estate, 780 Old Roswell Place Suite 100, Roswell, GA 30076; 770-518-2200, Fax 770-518-9900. Benderson Development is preleasing University Town Center, a 1.9 million sq.ft. shopping center located at the intersection of Interstate 75 Exit 213 and University Parkway/SR 610 in Sarasota, FL. The site is adjacent to University Park Country Club, featuring 1,200 residences, and Lakewood Ranch, a 5,500 sq.ft. master-planned community with 7,000 residences. Committed tenants at University Town Center include SuperTarget, Nordstrom and Muvico Theaters. Area retail includes Staples, Carrabba’s, Starbucks, Wendy’s, Home Depot, Ruby Tuesday, Total Wine, Lenox, WestPoint Stevens, BJ’s Wholesale Club, Lee Roy Selmon’s, Bonefish Grill, Shapes Total Fitness For Women, Publix and Chili’s. Area demographics include a population of 582,113 within 20 miles earning $71,297 as the average household income. Also at the intersection of Interstate 75 Exit 213 and University Parkway/SR 610 in Sarasota, the company is preleasing Park Place. The 254,000 sq.ft. shopping center is anchored by Kohl’s and tenants also include Fresh Market and BB&T. Spaces from 4,500 sq.ft. to 42,180 sq.ft. are available. Area retail includes CVS. The average daily traffic count is 48,000 vehicles. The company is also preleasing Colonial Square Town Center, a 399,900 sq.ft. shopping center located at the intersection of Six Mile Cypress Parkway/SR 80B and Colonial Boulevard/SR 844 in Fort Myers, FL. Lowe’s Home Improvement shadow-anchors the site, with committed tenants including Kohl’s, Circuit City and The Sports Authority. Spaces from 3,400 sq.ft. to 43,015 sq.ft. are available. Area retail includes Starbucks, Quiznos, BJ’s Wholesale Club, PetSmart, Chili’s, OfficeMax, A.C. Moore, Wal*Mart Supercenter, Bob Evans, Steak ‘n Shake, McDonald’s and Applebee’s. The average daily traffic count is 15,500 vehicles. Area demographics include a population of 289,283 within 10 miles earning $59,309 as the average household income. In addition, the company is preleasing Siesta Promenade, a 290,000 sq.ft. retail/office located at the intersection of U.S. 41/Tamiami Trail and Stickney Point Road/SR 72 in Sarasota, FL. The site is adjacent to Sarasota Pavilion Shopping Center, tenanted by Stein Mart, Publix, Michaels, Old Navy, Marshalls, Bed Bath & Beyond, Ross Dress for Less and Books-A-Million. The average daily traffic count is 83,200 vehicles. Area demographics include a population of 178,670 within seven miles earning $75,252 as the average household income. The company is also preleasing 12,600 sq.ft. of retail located at Fairfield Inn & Suites in Clearwater, FL. Located at the intersection of Gulf to Bay Boulevard and McMullen Booth Road, the site has an average daily traffic count of 130,000 vehicles. Area demographics include a population of 347,670 within seven miles earning $57,620 as the average household income. For more information, contact Benderson Development Co., LLC, 8441 Cooper Creek Boulevard, University Park, FL 34201; 941-359-8303, Fax 941-359-1836; Web site: www.benderson.com. |