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New Construction
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New Construction Transmark Co. is developing a 40,000 sq.ft. site located at the main entrance to the Rockaway Townsquare Mall, a two million sq.ft. mall in Morris County, NJ. The development will feature streetscape architecture running adjacent to Interstate 80 at the interchange of Mount Hope. Area retail includes Target, Petsmart, Dick’s Sporting Goods, Best Buy, Michael’s, Borders and Linens ‘N Things. Tenants at Rockaway Townsquare Mall include Sprint, Rockaway Bedding, Supercuts, Coldstone Creamery, Fatburger and Verizon Wireless. Mall anchors include Macy’s, Lord and Taylor, JCPenney and Sears. Area demographics include a population of 342,000 within 10 miles earning $106,367 as the average household income. The site located along Interstate 80 at Mount Hope has an average daily traffic count of 135,120 vehicles. For more information, contact Steve Scannell, Transmark Company, PMB 317, 5910 South University Boulevard, Suite C-18, Greenwood Village, CO 80121; 303-771-5012, Fax 303-771-5063; Email: sscannell@transmarkcompany.com; Web site: www.transmarkcompany.com.
Endeavor Real Estate Group, LLC is planning to develop a 300,000 sq.ft. center on a land area of 28 acres at the intersection of the future U.S. Highway 183-A and FM 1431 in Cedar Park, TX. The company is planning to begin developing the center in one to two years. For more information, contact Endeavor Real Estate Group, LLC, 1209 West 5th Street, Suite 200, Austin, TX 78703; 512-682-5500, Fax 512-682-5505; Web site: www.endeavor-re.com.
JPA Real Estate is preleasing The Bartlett Town Center, a mixed-use development located at the intersection of Main Street and Railroad Avenue in Bartlett, IL. When completed the development will consist of 135 residential condominiums and 42,000 sq.ft. of retail space. For more information, contact Terry Semmens, JPA Real Estate, 1200 Harger Road, Suite 602, Oak Brook, IL 60523; 630-990-8200, Fax 630-990-8222; Web site: www.jparealestate.com.
Crossman & Co. is preleasing The Shoppes at Lee Vista, a center located at the intersection of State Route 436 and Bent Pine Road in Orlando, FL. Opening is slated for later this year. The center will be anchored by The Orlando Ale House and Camille’s Sidewalk Café. Area demographics include a population of 170,000 within five miles earning $53,737 as the average household income. For more information, contact Drew Forness, Crossman & Co., 2464 East Michigan Street, Orlando, FL 32806-5059; 407-423-5400, Fax 407-423-4090.
Brant Cos. has developed Cline Commons, a 34,560 sq.ft. center located at the intersection of U.S. 30 and Cline Avenue in Schererville, IN. The center is tenanted by Meridian Title, City Grill, Romanos Pizza & Pasta, Set Free Salon, Just Racing and Cool Beanz. Market and asking rent is $16.50 psf with CAM of $1 psf and taxes of $1.50 psf. For more information, contact Jeff Brant, Brant Cos., 1947 Woodlawn Avenue, Griffith, IN 46319-1045; 219-838-2300, Fax 219-838-5218; Email: jbrant@brantco.com; Web site: www.brantco.com.
H.G. Hill Realty Co. is planning to develop Hill Center – Green Hills, a $70 million lifestyle center located in Green Hills, TN. The center will feature small shops, restaurants and offices. The 10-acre site, located on Hillsboro Road, will be developed into a center with 162,000 sq.ft. of retail and restaurant space and 126,000 sq.ft. of office space. Gorney Realty will serve as the retail leasing agent. For more information, contact H.G. Hill Realty Co., 3011 Armory Drive, Suite 130, P.O. Box 41503, Nashville, TN 37204; 615-252-8100, Fax 615-244-1627; info@hghill.com.
Sandor Development is developing Corinth Commons, a center located at the intersection of Highway 72 and Harper in Corinth, MS. The 150,000 sq.ft. center will be anchored by Goody’s. Area retail includes Lowe’s Home Improvement, Wal*Mart Supercenter and a Mako 10-screen theater. The center has spaces available of 1,200 sq.ft.; 1,600 sq.ft. and 5,400 sq.ft. Opening is slated for November. For more information, contact Joshua Simon, Sandor Development, 7201 East Camelback Road, Suite 315, Scottsdale, AZ 85251; 480-949-9011, Fax 480-949-9020.
Erwin L. Greenberg Commercial Corp. has began construction of the Phase III portion of Burwood Village Center, a 116,000 sq.ft. center located at the intersection of Baltimore-Annapolis Boulevard and Furnace Branch Road in Anne Arundel County, MD. The section, which is expected to be completed by this Fall, will feature 15,300 sq.ft. of inline retail space and is presently 65% leased. Tenants include Peking Buffet, Italia’s Corner Café and Curves. The company also is making plans to add 3,600 sq.ft. of new retail space to the center, which would be phase IV, during Fall 2005. For more information, contact David L. Goldbloom, Erwin L. Greenberg Commercial Corp., 10096 Red Run Boulevard, Owings Mills, MD 21117; 410-559-2500 Ext. 108, Fax 410-581-2032; Email: dgoldbloom@elgreenberg.com; Web site: www.greenbergcommercial.com.
Commercial Retail Advisors, LLC is preleasing 20,000 sq.ft. of retail shop space adjacent to the existing Safeway store at the intersection of Golf Links and Wilmot Roads in Phoenix, AZ. Completion is slated for October. For more information, contact Craig Finfrock or Brent Malone, Commercial Retail Advisors, LLC, 4811 East Grant Road, Suite 262, Tucson, AZ 85712; 520-290-3200, Fax 520-751-7465; Web site: www.cradvisorsllc.com.
The Katsias Co. is redeveloping Airline Center, a 113,830 sq.ft. center located at the intersection of Airline Boulevard, Elmhurst Lane and Greenwood Drive in Portsmouth, VA. Area demographics include a population of 61,468 within three miles earning $52,448 as the average household income. The company also is developing a 175,000 sq.ft. center located on Holland Dam Neck Road in Virginia Beach, VA. Area demographics include a population of 8,319 within three miles earning $55,648 as the average household income. For more information, contact The Katsias Co., PO Box 922, Virginia Beach, VA 23451; 757-490-3585, Fax 757-490-3676.
Casto is developing Town and Country Shopping Center located at the intersection of East Broad Street and Robinwood Avenue in Whitehall, OH with an average daily traffic count of 41,104 vehicles. The center is tenanted by Target, Staples, New York and Co., Hollywood Video, Amazing Savings, Bob Evans and Pizza Hut. Target is opening a 123,000 sq.ft. store in early 2005 and Staples is opening a 20,000 sq.ft. store during the Fall. Area demographics include a population of 266,000 within five miles earning $46,000 as the average household income. The company also is developing Circleville Plaza, a 400,000 sq.ft. center located at the intersection of State Route 23 and Crites Road in Circleville, OH. The center is anchored by Wal*Mart Supercenter and is tenanted by Golden Dragon Buffet, Advance America, Jackson Hewitt, Regis and Gamestop. Outparcels and land for professional uses will also be part of the project. For more information, contact Steve Friedman, Casto, 191 West Nationwide Boulevard, Suite 200, Columbus, OH 43215; 614-228-5331, Fax 614-744-2038; Web site: www.castoinfo.com. |