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New Construction
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New Construction Lakewood Ranch is developing The Courtyard at Lake Osprey, an 11,000 sq.ft. center located at Ranch Station in Lakewood Ranch, FL. The center will include restaurants, gift shops, a liquor store and an insurance company. Opening is slated for the end of the year. The company also is developing The Shoppes of Summerfield, a 10,800 sq.ft. center located at the intersection of Lakewood Ranch Boulevard and State Route 70 in Lakewood Ranch, FL. Opening is slated for early 2003. The company also is developing Courtyard at Market Square, a 23,000 sq.ft. center located at Market Square in Lakewood Ranch, FL. Opening is slated for June 2003. For more information, contact John Swart, Lakewood Ranch, 6220 University Parkway, Sarasota, FL 34240; 941-907-2000 or 1-800-30-RANCH, Fax 941-907-9320; Email: lisar@lakewoodranch.com. M&J Associates, Inc. is leasing Eagle Square located at the intersection of Atwells Avenue and Valley Street in Providence, RI. The 173,022 sq.ft. center sits on a land area of 13.01 acres and will be anchored by Shaw’s Food & Drug. The center has spaces available ranging from 2,800 sq.ft. to 58,374 sq.ft. Area demographics include a population of 214,713 within three miles earning $58,447 as the average household income.For more information, contact Mark A. Shair, M&J Associates, Inc., 450 Washington Street, Suite 207, Dedham, MA 02026; 781-326-7370, Fax 781-326-2827. WindStar Properties is developing Phase II of Lamar Crossing, a 100,000 sq.ft. center located at the intersection of Interstate 30 and Lamar in Arlington, TX with a daily traffic count of 95,000 vehicles. Asking rents range from $20 psf to $23 psf with estimated NNN of $4 psf. The center has space available of 13,000 sq.ft. The company also is developing Phase II of Country Club Square, a 40,250 sq.ft. center located at the intersection of Walnut Creek and Country Club Drive in Mansfield, TX with a daily traffic count of 60,189 vehicles. Asking rents range from $16 psf to $18 psf with NNN of $4.80 psf. Lease terms range from three years to five years. The center has pad sites available for $13 psf to $14 psf. A freestanding Eckerd drugstore is adjacent to the property, while a Tom Thumb is across the street. Area demographics include a population of 63,398 within five miles earning $69,116 as the average household income. For more information, contact Rory Maguire or Cynthia Balley, WindStar Properties, 3838 Oak Lawn Avenue, Suite 1020, Dallas, TX 75219; 214-526-2700, Fax 214-526-2750; Emails: maguire@windstarproperties.net and cballey@windstarproperties.net. Hopkins Real Estate Group is developing Highridge Crossing located at the intersection of Newhall Ranch Road and Copper Hill Drive in Santa Clarita, CA with a daily traffic count of 42,273 vehicles. The 70,000 sq.ft. center will include an 18,500 sq.ft. anchor or a proposed 41,000 sq.ft. health club, a gas station, three freestanding pads and two retail shops. Two of the pads are designed for fast food drive-thru restaurants. The site is directly across the street from Valencia Industrial Center, while Home Depot recently opened on Newhall Ranch Road. Area demographics include a population of 112,482 within five miles earning $98,263 as the average household income. For more information, contact Larry Weese or Jeff Hopkins, Hopkins Real Estate Group, 13 Corporate Plaza, Suite 200, Newport Beach, CA 92660; 949-640-1770, Fax 949-644-8631; Web site: www.hopkinsgroup.com. Grubb & Ellis is preleasing Packwood Creek Regional Shopping Center located on Mooney Boulevard in Visalia, CA with a daily traffic count of 52,800 vehicles. The site sits on a land area of 56.22 acres and is located near Costco, Staples, Food 4 Less and Circuit City. For more information, contact Mike Porte, Grubb & Ellis, 1820 South Central Street, Suite C, Visalia, CA; 559-732-7300, Fax 559-732-3813. Litsky Associates is developing a center located at the signalized intersection of Main Street and Pavilion Street in Hartford, CT. The 35,000 sq.ft. center has spaces available. Area demographics include a population of 21,637 within one mile earning $28,375 as the average household income. For more information, contact Jon Cohn, Litsky Associates, 29 Berlin Road, Cromwell, CT 06416; 860-635-4500, Fax 860-635-1493. Or contact, Eric Litsky, Litsky Associates, 10 Windham Drive, Simsbury, CT 06070; 860-658-5203, Fax 860-651-1396. W/S Development Associates, S.R. Weiner & Associates, Inc. and RK Associates are developing The Shoppes At Blackstone Valley located near Interstate 90 and Routes 20 and 146 in Millbury, MA. The center will be tenanted by GAP, GAP Kids, GAP Body, Baby GAP, Target, Circuit City, Barnes & Noble, Kohl’s, Linens ‘n Things and Babies "R" Us. W/S Development Associates LLC also is developing Derby Street Shoppes located on Route 3 in Hingham, MA. The center will be tenanted by Barnes & Noble, Starbucks Coffee, Williams-Sonoma, Talbots, Coldwater Creek, J.Crew, GAP and American Eagle Outfitters. W/S Development also is developing The Shoppes at Farmington Valley located at the intersection of Routes 44 and 177 in Farmington Valley, CT. The center will be tenanted by Talbots, Williams-Sonoma, J.Crew, Barnes & Noble, Kohl’s, Old Navy and Chico’s. For more information, contact W/S Development Associates, 1330 Boylston Street, Chestnut Hill, MA 02467; 617-232-8900; Web site: www.srweiner.com. Edgemark Commercial Real Estate Services LLC is planning to develop Prairie Crossings, a center situated on a land area of 42 acres at the intersection of U.S. Route 30 and Wolf Road in Frankfort Village, IL. The center will be anchored by a 65,636 sq.ft. Dominick’s, which will include a Starbucks Coffee Shop, and an 88,408 sq.ft. Kohl’s. The two anchors will be separated by 16,000 sq.ft. of retail space. Cotenants will include a Dominick’s gas station, a full-service restaurant, freestanding shops, a New Lenox State Bank and office space. Construction will begin this Fall, with completion slated for October 2003. The company also is developing the Mokena Corners, a center located at the intersection of Route 30 and Wolf Road. The center will include retail shops, a Palos Bank and Trust branch and restaurants. For more information, contact Edgemark Commercial Real Estate Services LLC, 2215 York Road, Suite 503, Oak Brook, IL 60523; 630-472-1010, Fax 630-472-1019; Web site: www.edgemarkllc.com. Stirling Properties is developing Stirling Slidell Centre, a project located at the intersection of Interstate 12 and Airport Road in Slidell, LA with a daily traffic count of 33,980 vehicles. The center is anchored by a 128,000 sq.ft. Target and is tenanted by a 68,000 sq.ft. Academy Sporting Goods, a 30,186 sq.ft. Ross, an 18,888 sq.ft. PetsMart, a 10,000 sq.ft. Shoe Carnival, a 10,000 sq.ft. David’s Bridal, a 9,000 sq.ft. Dress Barn, a 3,500 sq.ft. Catherine’s, a 2,500 sq.ft. AT&T, a 1,750 sq.ft. Quizno’s, a 1,750 sq.ft. Electronics Boutique and a 1,400 sq.ft. Family Cuts. An anchor position of up to 28,000 sq.ft. and small-shop space from 1,500 sq.ft. to 7,000 sq.ft. is available. Area demographics include a population of 95,135 within 10 miles. The company also is developing a center located at the intersection of Interstate 12 and State Highway 21 in Covington, LA. The center is situated on a land area of 40 acres and is anchored by a 125,000 sq.ft. Target. Cotenants include Marshalls, Ross, Dress Barn and Payless Shoes. Area demographics include a population of 86,003 within 10 miles earning $71,352 as the average household income. For more information, contact Rhonda Sharkawy, Stirling Properties, 615 Baronne Street, Suite 100, New Orleans, LA 70113; 504-523-4481. |