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New Construction
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New Construction TAG Real Estate, LLC is preleasing Fountain of Macomb, a 60,000 sq.ft. center located at the intersection of Hayes Road and 21 Mile Road in Macomb Township, MI. The center is situated on a land area of 7.5 acres and has spaces available of 1,400 sq.ft. to 20,000 sq.ft., as well as outlots up to 4,500 sq.ft. Opening is slated for July. Area demographics include a population of 87,910 within three miles earning $67,827 as the average household income. The site has an average daily traffic count of 41,074 vehicles. The center is anchored by Walgreens. Area retail includes Lifetime Fitness and Lakeside Mall.s For more information, contact Nicolino A. Tartaglia, TAG Real Estate, LLC, Verona Drive, West Bloomfield, MI 48322-3316; 248-770-8894; Web site: www.tagrealestate.com.
Land Capital Group, Inc. is developing a center located at the intersection of Highway 40 and 1000 South Street in Vernal, UT. The center would be situated on a land area of five acres and is slated to open during Summer 2005. Area retail includes Wal*Mart. The company also is developing Alamogordo Supercenter, a center located at the intersection of U.S. Highway 54 and 1st Street in Alamogordo, NM. Opening is slated for Spring 2005. The center is anchored by Wal*Mart Supercenter and is tenanted by GameStop, Shoe Show and Cash Store. The company also is developing Eagle Pass Crossing, a 62,700 sq.ft. center located at the intersection of South Bibb Street and Garrison Street in Eagle Pass, TX. Opening is slated for Spring 2005. Tenants include Sally Beauty, GameStop, Payless Shoes, Hibbett and Radio Shack. For more information, contact Tony Bowen, Land Capital Group, Inc., 3330 Earhart Drive, Suite 213, Carrollton, TX 75006; 972-661-8303, Fax 972-661-8301; Email: tbowen@landcapital.com.
TRI-Commercial Real Estate Services, Inc. is developing Blue Oaks Marketplace, a center located at the intersection of Blue Oaks Boulevard and Lonetree Boulevard at Highway 65 in Rocklin, CA. The center is expected to be tenanted by Kinko’s, Omni Fitness Equipment and The Putting Edge, an indoor miniature golf course. Area retail includes Target Greatland and Century Theaters. Lease rates range from $2.50 psf to $2.75 psf NNN monthly for pad sites; $2.45 psf to $2.50 psf NNN monthly for shop space and $1.40 psf NNN monthly for anchor space. Area demographics include a population of 110,348 within five miles earning $75,674 as the average household income. For more information, contact Keith Wardhaugh, TRI Commercial Real Estate Services, Inc., 2250 Douglas Boulevard, Suite 200, Roseville, CA 95661; 916-677-8000, Fax 916-677-8199.
Denny Elwell Co. is preleasing The Junction, a 23,500 sq.ft. center located at the intersection of Oralabor and Hulsizer in Ankeny, IA. The center is situated on a land area of 2.4 acres and is slated to open during September. Area demographics include a population of 48,000 within five miles earning $58,000 as the average household income. The site has an average daily traffic count of 24,000 vehicles. Area retail includes Wal*Mart Supercenter, Sportsman’s Warehouse, Super Target and Kohl’s. For more information, contact Barb Hokel, Denny Elwell Co., PO Box 187, Ankeny, IA 50021-0187; 515-964-1587, Fax 515-964-8749.
Hagan Seay Properties is developing Sawyer Shops, a 24,000 sq.ft. center located at the intersection of North Hurstbourne Parkway and Westport Road in Louisville, KY. Area demographics include a population of 134,000 within five miles earning $95,000 as the average household income. The site has an average daily traffic count of 49,000 vehicles. Area retail includes Springhurst Towne Center. For more information, contact Theresa McGarry, Hagan Seay Properties, 12975 Shelbyville Road, Suite 100, Louisville, KY 40243; 502-245-8800, Fax 502-245-7747; Email: theresa@haganseay.com; Web site: www.haganseay.com.
RMC Property Group is preleasing Shoppes of Williston Road, a 63,000 sq.ft. center located at the intersection of Williston Road and 34th Street in Gainesville, FL. Opening is slated for Spring 2005. The center is anchored by Publix Supermarket and has space of 23,800 sq.ft. available. Area demographics include a population of 104,456 within five miles earning $44,034 as the average household income. The site has an average daily traffic count of 46,300 vehicles. For more information, contact Christine Myers, RMC Property Group, 1733 West Fletcher Avenue, Tampa, FL 33612; 800-728-5379, Fax 813-963-2596; Email: cmyers@rmcpg.com; Web site: www.rmcpg.com.
Pacific Retail Partners is preleasing The Monterey Park, a 509,000 sq.ft. center located at the intersection of Paramount and 60 Freeway in Monterey Park, CA. The center is situated on a land area of 48 acres and has spaces available of 5,000 sq.ft. to 45,000 sq.ft. Opening is slated for the second quarter of 2006. Area retail includes Montbello Towncenter, Costco and Sears. For more information, contact Mike Jensen, Pacific Retail Partners, 911 Studebaker Road, Suite 205, Long Beach, CA 90815; 562-431-8734, Fax 562-431-1856; Email: mjensen@pacret.com; Web site: www.pacificretailpartners.com.
Centerville Properties is preleasing Shoppes of Eastwood, a 60,135 sq.ft. center located in Woodstock, IL. Opening is slated for August. The center is tenanted by an eye care provider and has spaces available of 1,226 sq.ft.; 1,280 sq.ft. and 1,536 sq.ft. Area demographics include a population of 29,638 within five miles earning $56,395 as the average household income. Area retail includes Jewel Osco and Walgreens. The site has an average daily traffic count of 13,100 vehicles. The company also is preleasing Covington Retail Center, a 16,154 sq.ft. center located at the intersection of Route 47 and Rainsford Drive in Huntley, IL. Opening is slated for June. The center has spaces available of 1,200 sq.ft.; 1,500 sq.ft. and 2,500 sq.ft. Area demographics include a population of 57,856 within five miles earning $79,639 as the average household income. Asking rents range from $19 psf to $21 psf with CAM of $1.50 psf and taxes of $2.50 psf. For more information, contact Bob Wallen, Centerville Properties, 129 East Calhoun Street, Woodstock, IL 60098; 815-334-1335, Fax 815-334-1420; Web site: www.centerprop.com.
O&S Holdings, LLC is preleasing World Famous Bridge Street, a 1.7 million sq.ft. center located at the intersection of Research Park Boulevard and Old Madison Pike in Huntsville, AL. Opening is slated for Fall 2005. The center includes 500,000 sq.ft. of retail space, 450 luxury apartments and condominiums, offices and hotels and has space available of 1,000 sq.ft. Area demographics include a population of 216,000 within 10 miles earning $61,500 as the average household income. The company also is developing Louisiana Riverwalk, a one million sq.ft. center located at the intersection of Texas Bridge Street and Traffic Street in Bossier City, LA. Anchors include Bass Pro Shop and Regal Cinemas. Opening is slated for the Fall. Area demographics include a population of 164,000 within 10 miles earning $49,500 as the average household income. For more information, contact Austin Bettar Jr., O&S Holdings, LLC, 11611 San Vincente Boulevard, Suite 500, Los Angeles, CA 90049; 310-207-8600 Ext. 115, Fax 310-207-2288. |