Courtelis Co. is developing The Cascades at Isleworth, a 259,700 sq.ft. center located on a land area of 27.4 acres at the intersection of Conroy-Windermere Road and Apopka-Vineland Road in Orlando, FL with a daily traffic count of 55,105 vehicles. The center will be anchored by a Publix supermarket and will be across from the Shoppes of Windermere, a 125,457 sq.ft. development anchored by Albertsons, Eckerd and SunTrust. Phase I will be 66,615 sq.ft., while Phase II will consist of 190,000 sq.ft. of retail and office space. The company also is redeveloping Lakewood Shopping Center, a 350,250 sq.ft. center located on a land area of 28 acres at the intersection of U.S. 441 (State Route 7) and West Atlantic Boulevard in Margate, FL with a daily traffic count of 101,100 vehicles. The center will be tenanted by Marshalls, Walgreens, McDonald’s, Boston Market, Denny’s, Burger King, Bank of America and Radio Shack. Area demographics include a population of 361,602 within five miles earning $54,684 as the average household income.

For more information, contact Courtelis Co., 701 Brickell Avenue, Suite 1400, Miami, FL 33131; 305-379-8467, Fax 305-381-7875; Web site: www.courtelis.com.

Cobblestone Realty Services, Inc. is developing Summit Point, a 128,000 sq.ft. center located at the intersection of State Highway 85 and State Highway 92 in Fayetteville, GA. The center is anchored by Publix and has spaces of 1,200 sq.ft. and 11,600 sq.ft., as well as six outparcels, available. Opening is slated for Fall 2003. Area retailers include Kroger and Ingles. Area demographics include a population of 35,878 within five miles earning $86,910 as the average household income.

For more information, contact Jackie P. Kidd, Cobblestone Realty Services, Inc., 4215 Claremont Terrace, Kennesaw, GA 30144; 770-423-7150. For information regarding the six outparcels available, contact Leslie Collins at 770-977-6539.

Skilken Properties is developing Riviere Center, a 32,000 sq.ft. center located at the intersection of U.S. 19 and Alderman Road in Palm Harbor, FL with a daily traffic count of 101,567 vehicles. The center, which is slated to open Summer 2003, will be anchored by Albertsons. Spaces of 1,200 sq.ft. to 10,000 sq.ft. are available. Asking rents range from $20 psf to $23 psf. Area demographics include a population of 226,303 within six miles earning $55,363 as the average household income. The company also is developing Plantation Grove, a 92,600 sq.ft. center located at the intersection of Daniels Parkway and Plantation Road in Fort Myers, FL. The center has spaces available ranging from 1,200 sq.ft. to 15,000 sq.ft., with rents ranging from $20 psf to $23 psf and NNN of $3.45 psf. Opening is slated for late 2003. Area demographics include a population of 103,998 within six miles earning $62,985 as the average household income.

AG Armstrong Development, LLC is developing Kingsway Crossing, a 66,686 sq.ft. center located at the intersection of Kingsway Road and Windhorst Road in Brandon, FL with a daily traffic count of 109,608 vehicles. Construction is slated to begin the first quarter of 2003, with completion slated for the fourth quarter of 2003. Area demographics include a population of 124,974 within five miles earning $72,796 as the average household income. The company also is developing The Shoppes at Golden Acres located at the intersection of Little Road and Fox Hollow Drive in New Port Richey, FL with a daily traffic count of 36,384 vehicles. The center will be anchored by Publix supermarket and will have five outparcels available. Phase I will be 76,281 sq.ft., while Phase II will be 44,400 sq.ft. Completion of Phase I is expected for the fourth quarter of 2002, while completion of Phase II is slated for the second quarter of 2003.

Phoenix Commercial Advisors is developing Gateway Pavilions, a 620,000 sq.ft. center located at the intersection of 99th Avenue and McDowell Road in Avondale, AZ with a daily traffic count of 60,000 vehicles. The center is anchored by Costco Wholesale, Harkins Theaters, Bed Bath & Beyond, Borders Books and Sportsmart. Area retailers include Target, Lowe’s, Home Depot, Best Buy, Ross, Wal*Mart, a future Kohl’s and Michaels. The center has spaces available ranging from 1,200 sq.ft. to 42,000 sq.ft. Construction began in July, with completion slated for March 2003.