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New Construction
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New Construction Finard & Co. is leasing South Cape Village, a 160,000 sq.ft. center located at the intersection of Route 28 and Donna’s Lane in Mashpee, MA with an average daily traffic count of 56,000 vehicles. The center will be developed along pedestrian ways and landscaped squares lined with streetlights, trees and benches. Area demographics include a population of 238,564 within 20 miles earning $46,396 as the average household income. The center is anchored by Roche Brothers. Spaces from 1,500 sq.ft. to 34,000 sq.ft. are available. The company also is preleasing Quarry Place, a 187,300 sq.ft. center located off of Interstate 495 and Route 85 in Milford, MA. Area demographics include a population of 253,969 within 10 miles earning $81,514 as the average household income. The center has spaces available from 6,400 sq.ft. to 132,456 sq.ft. The site is near a Fairfield Inn and a Courtyard Marriott. For more information, contact Don Mace, Finard & Co., One Burlington Woods Drive, Burlington, MA 01803; 781-273-5555 Ext. 243 or 800-725-0424, Fax 781-229-2823; Web site: www.finard.com. Jeffrey R. Anderson Real Estate is preleasing Algonquin Commons, a 400,000 sq.ft. center located on Randall Road in Algonquin, IL. Opening is slated during Summer 2004. Area demographics include a population of 313,349 within 10 miles earning $90,329 as the average household income. The company also is preleasing The Shops at West End, a 365,000 sq.ft. lifestyle center located in Cleveland, OH. The project will feature a two-level bookstore, a nine-screen movie theater, a fitness center and a 20-room boutique hotel. For more information, contact Mark Fallon or Jennifer Yacks, Jeffrey R. Anderson Real Estate, Inc., 3805 Edwards Road, Suite 700, Cincinnati, OH 45209; 513-241-5800, Fax 513-241-2637; Email: jyacks@anderson-realestate.com Web site: www.anderson-realestate.com. Lee & Associates is preleasing Moreno Beach Plaza, a center located at the intersection of Highway 60 and Moreno Beach Drive in Moreno Valley, CA with a daily traffic count of 59,600 vehicles. The center is situated on a land area of 36 acres. Area demographics include a population of 123,775 within five miles earning $66,350 as the average household income. The center is expected to be anchored by Wal*Mart and has co-anchor space, pads and other shop space available.For more information, contact Mike Hearn or Jay Brun, Lee & Associates, 3240 Mission Inn Avenue, Riverside, CA 92507; 909-276-3609 for Mike Hearn or 909-276-3626 for Jay Brun, Fax 909-276-3650; Email: mhearn@lee-associates.com. Silbert Realty & Management Co., Inc. is developing Bellclair, a mixed-use 70-unit apartment and retail complex located at the intersection of Bloomfield Avenue and Bell Street in Montclair, NJ with a daily traffic count of 21,000 vehicles. The center has space of 4,000 sq.ft. available. Opening is slated for the first quarter of 2003. Asking rent is $33 psf NNN. Area demographics include a population of 168,135 within three miles earning $100,440 as the average household income. Area retailers include Fresh Fields and Starbucks. The company also is renovating and expanding the Warren Village Shopping Center, a 51,500 sq.ft. King’s Supermarket-anchored center located at the intersection of Mount Bethel Road and Mountain Boulevard in Warren, NJ. The center is 95% occupied and is slated for full renovation and expansion for up to 8,529 sq.ft. of upscale stores. Spaces available include 459 sq.ft. of inline space, 2,108 sq.ft. of endcap space and 8,529 sq.ft. of expansion space. Asking rents are $32 psf NNN for the endcap unit and $40 psf NNN for the inline space. Area demographics include a population of 47,823 within three miles earning $83,561 as the average household income. Tenants include Edgewood Pharmacy, Interior Design, Ristorante II Forno, Hairport 24, Warren Cleaners, Warren Photo, Inga’s Salon, Mail Boxes Etc., Country Squire restaurant, a nail salon, a Thai restaurant, Lillie’s Ice Cream, Hollywood Tan and Starbucks. For more information, contact Brian S. Silbert, Silbert Realty & Management Co., Inc., 786 Mountain Boulevard, Suite 204, Watchung, NJ 07069; 908-754-5353, Fax 908-754-6364; Email: info@silbertrealestate.com; Web site: www.silbertrealestate.com. Metro Commercial Real Estate, Inc. is preleasing Hopewell Town Center, a 112,000 sq.ft. center located at the intersection of Route 31 and Denow Road Extension in Hopewell, NJ with a daily traffic count of 28,000 vehicles. Area demographics include a population of 102,570 within five miles earning $86,917 as the average household income. The center has spaces available from 1,400 sq.ft. to 4,100 sq.ft. Tenants include Starbucks, Blockbuster Video, Super G, Gamestop, Radio Shack, Supercuts, a dry cleaner, Hallmark, a nail salon, GNC, a bank and office space.For more information, contact Pete Nicholson or Tom Londres, Metro Commercial Real Estate, Inc., 303 Fellowship Road, Suite 202, Mount Laurel, NJ 08054; 856-222-3037 for Pete Nicholson and 856-222-3027 for Tom Londres; Emails: pnicholson@metrocommercial.com and tlondres@metrocommercial.com; Web site: www.metrocommercial.com. OPUS and Red Development are developing phase II of The Shoppes at Arbor Lakes, a 400,000 sq.ft. center located along Interstate 94 in Maple Grove, MN. Phase II will be developed on a land area of 53 acres immediately east of the first phase of the project. Opening is slated for late Spring 2003. Tenants include Abercrombie, Abercrombie & Fitch, American Eagle, Ann Taylor, Bath & Body Works, Borders, Buckle, California Pizza Kitchen, Casual Corner/August Max, Eddie Bauer, Home, Express, Holister, J. Crew, Limited Too, Pottery Barn, Pottery Barn Kids, Talbot’s, ULTA, Victoria’s Secret, Wet Seal and Williams-Sonoma. Area demographics include a population of 590,221 within 10 miles earning $83,939 as the average household income. Red Development also is developing The Shops at Boardwalk, a 120,000 sq.ft. lifestyle center located at the intersection of Interstate 29 and Missouri Highway 152 in Kansas City, MO with a daily traffic count of 128,821 vehicles. The center is situated on a land area of 15 acres and is slated for a Spring 2003 opening. Tenants include Ann Taylor Loft, Chico’s, Chipotle, Eddie Bauer and Talbot’s. Area demographics include a population of 74,321 within five miles earning $63,587 as the average household income. For more information, contact Red Development, 6263 Scottsdale Road, Suite 222, Scottsdale, AZ 85250 or 1100 Main Street, Suite 2700, Kansas City, MO 64105; 800-805-9202; Web site: www.reddevelopment.com. Henzlik-Oliver Real Estate Cos., LLC is developing a 10-acre site adjacent to Target and Home Depot located at the intersection of Interstate 35 and 151st Street in Olathe, KS. The development will consist of three restaurant pad sites and 45,000 sq.ft. of retail space. Area demographics include a trade-area population earning $70,900 as the average household income. Opening is slated during Fall 2003. For more information, contact Tyler S. Oliver, Henzlik-Oliver Real Estate Cos., LLC, 10841 West 87th Street, Suite 300, Overland Park, KS 66214; 913-438-9900, Fax 913-438-9994; Web site: www.henzlikoliver.com. |