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New Construction
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New Construction The Village at Deerfield Crossings is preleasing 65,000 sq.ft. in Mebane, NC. The property is located at the intersection of Interstate 40 and 85 and Highway 119. The center is situated on a land area of 7.32 acres and has spaces available of 1,500 sq.ft. up to 25,000 sq.ft. Opening is slated for later this year or early 2005. Area demographics include a population of 110,000 within 10 miles earning $58,000 as the average household income. For more information, contact Karen Wilkinson-Bowers, The Village at Deerfield Crossings, 4045 Wilson Road, Mebane, NC 27302; 919-304-5249; Email: ncpowerduo@msn.com.
James Doran Co. and the City of Winter Springs are developing Phase II of the Winter Springs Town Center located at the intersection of State Route 434 and Tuskawilla Road in Winter Springs, FL. The center is anticipated to have a total of 700 residential units, 500,000 sq.ft. of retail space and 300,000 sq.ft. of office space on a land area of 48 acres. Special features at the center include the Cross Seminole Trail, a pedestrian and hiking path, equestrian and hiking trails around the property. Tenants include Art Avenue Craft Studio, ShapeXpress, Christinos, China Forest II, Euro Nails, Great Clips, H&R Block, Kumon Math & Reading Centers, Leslie’s Poolmart, Papa Via’s Take & Bake Pizza, Publix Supermarkets, Rachel Nicole’s Salon, Red Bug Cleaners, State Farm Insurance Companies, Subway, The Cellular Store, Tijuana Flats, Transformation Tanning and Skincare 2, Washington Mutual Bank, Wendy’s and Winter Springs Wine & Spirits. For more information, contact Hue Lien Healy, James Doran Co., 216 Seven Farms Drive, Suite 200, Charleston, SC 29492; 843-881-7550, Fax 843-849-6765; Web site: www.jamesdoranco.com.
Transcan Development, LLC is planning to add two 72,000 sq.ft., three-story office buildings to its 90-acre freeway-oriented development called Canyon Crossings at Canyon Springs located at the intersection of Interstate 215 and State Highway 60 in Riverside, CA. The 144,000 sq.ft. office component will be named Canyon Crossings Corporate Center. Also, Wal*Mart, which has signed a contract with Canyon Crossings to acquire its own parcel, is expected to build an approximately 230,000 sq.ft. Wal*Mart Supercenter. Demographics include a trade-area population of 628,000 earning $68,000 as the average household income. For more information, contact Transcan Development, LLC, 3189 Danville Boulevard, Suite 245, Alamo, CA 94507; 925-552-9742, Fax 925-552-9748; Email: info@transcanllc.com.
Greenberg Commercial Corp. is planning to develop Edgewater Village Center, a 100,000 sq.ft. center located at the intersection of Central Avenue and Pike Ridge Road in Anne Arundel County, MD. The Edgewater Liquors store will remain open throughout the construction phase. Opening is slated for the second quarter of 2005. The center will be anchored by Safeway Marketplace, a 55,255 sq.ft. supermarket, and will be tenanted by Starbucks Coffee, Bergmann’s Dry Cleaners and Sun Trust Bank. KLNB Retail will lease the center. For more information, contact David Goldbloom or Austin Groves, Greenberg Commercial, 10096 Red Run Boulevard, Suite 100, Owings Mills, MD 21117; 410-559-2500, Fax 410-581-2032; Web site: www.greenbergcommercial.com.
Stoneleat Properties, Inc. is developing Prairie View Center, a 500,000 sq.ft. center located at the intersection of Silver Glenn and Randall Roads in South Elgin, IL with an average daily traffic count of 40,000 vehicles. The center will be anchored by Super Target and Dominick’s. Opening is slated for September. Area retail includes Kohl’s, Starbucks, Jewel Osco, Subway, Hallmark, Ace Hardware, Famous Footwear, Petco, Pearl Vision, T.J. Maxx, Pier 1 Imports, Chili’s, Panera Bread, Wendy’s, Outback Steakhouse, Culvers, Chipotle, Goodwill, Payless Shoes and Sprint. The center has spaces available of 1,100 sq.ft. to 8,000 sq.ft. For more information, contact Stoneleat Properties, Inc., 2000 West Main Street, Unit H, St. Charles, IL 60174; 630-587-9900, Fax 630-587-8566.
Developers Diversified Realty is developing The Shops at Midtown Miami, a 600,000 sq.ft. center located on North Miami Avenue in Miami, FL. The center is situated on a land area of 26 acres and is slated to open during 2006. The center will include street-level parking, landscaped pedestrian walkways and a public plaza area. For more information, contact Scott R. Schroeder, Developers Diversified Realty, 3300 Enterprise Parkway, Beachwood, OH 44122; 216-755-5500; Web site: www.ddr.com.
South Pointe Commercial is preleasing Shoppes at Lake Oconee Village, a 19,000 sq.ft. center located on Lake Oconee Parkway in Greensboro, GA with an average daily traffic count of 18,000 vehicles. Area demographics include a population of 6,000 within five miles earning $97,813 as the average household income. For more information, contact Mike Carroll, South Pointe Commercial, 1027 Lake Oconee Parkway, Eatonton, GA 31024; 706-485-3232, Fax 706-485-3210; Web site: www.southpointecommercial.com.
Vanguard Realty, Inc. is preleasing Bald Eagle Square, a 43,000 sq.ft. center located at the intersection of Biage Road and Moorestown Road in West Milford, NJ. The center has spaces available of 500 sq.ft. to 10,000 sq.ft. and is anchored by Kiddie Academy. Cotenants include Subway, Kidzone, a pizzeria and a salon. Area demographics include a population of 142,017 within 10 miles earning $75,802 as the average household income. Area retail includes ShopRite Shopping Center, Blimpie, Hallmark and McDonald’s. Asking rent is $17 psf with CAM of $3.82 psf and taxes of $3.50 psf. The company also is preleasing a 38,000 sq.ft. center located at the intersection of South Park and Church Street in Montclair, NJ. Opening is slated for next year. The center is anchored by New York Sports Club and has spaces available. Area demographics include a population of 558,182 within five miles earning $57,746 as the average household income. For more information, contact Neal Richards, Vanguard Realty, Inc., 195 Columbia Turnpike, Suite 100, Florham Park, NJ 07932; 973-443-9700 Ext. 15, Fax 973-966-0123; Email: realnj@vanguardsite.com; Web site: www.vanguardsite.com.
Universal Properties Group is preleasing Dartmouth Commons, a 225,000 sq.ft. center located at the intersection of Route 6 and Cross Road in Dartmouth, MA with an average daily traffic count of 25,000 vehicles. The center has spaces available of 25,000 sq.ft. to 50,000 sq.ft., as well as outlots of 2,500 sq.ft. and 6,000 sq.ft. Anchors include Target and Dick’s Sporting Goods. Asking rent is $16 psf with CAM and taxes of $2 psf NNN. Area demographics include a population of 110,000 within five miles earning $43,000 as the average household income. For more information, contact Robert Rapoza, Universal Properties Group, 207 Quaker Lane, Warwick, RI 02193; 401-823-0744; Email: brapoza@universalpropertiesgrp.com.
The Wilder Cos. is preleasing The Crossing at Walkers Brook, a 400,000 sq.ft. center located in Reading, MA. Opening is slated for May 2005. Anchors include The Home Depot and Jordan’s Furniture. Area demographics include a population of 183,000 within five miles earning $88,000 as the average household income. For more information, contact Andrew LaGrega, The Wilder Cos., 300 Massachusetts Avenue, Boston, MA 02135; 617-247-9200, Fax 617-247-4044; Email: alagrega@wilderco.com; Web site: www.wilderco.com |