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New Construction
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New Construction Fameco Real Estate is preleasing Shops of Villanova, a specialty center located at the intersection of Route 476, Route 30 and Route 320 in Villanova, PA. The center will be located near Villanova University. Opening is slated for Spring 2005. Area demographics include a population of 30,508 within five miles earning $71,589 as the average household income. For more information, contact Perry Grabois, Fameco Real Estate, 15 East Ridge Pike, Suite 100, Conshohocken, PA 19428; 610-834-8000, Fax 610-834-1793.
The Leslie Group is preleasing Wyandot Pointe, a 200,000 sq.ft. center located at the intersection of U.S. 23 and 30 North in Upper Sandusky, OH. Construction is slated to begin during June 2005, with completion expected in March 2006. The center will be anchored by a Wal*Mart Supercenter. The site has an average daily traffic count of 20,000 vehicles. Asking rents range from $12 psf to $18 psf. For more information, contact Brett Leslie or Scott Messing, The Leslie Group, 5060 Parkcenter Avenue, Suite B, Dublin, OH 43017; 614-760-0701, Fax 614-760-0705; Email: bleslie@lesliegp.com and smessing@insight.rr.com.
Freeman Commercial Real Estate is preleasing Shoppes on Little Creek, a center located on Hanes Mall Boulevard in Winston-Salem, NC. The center is situated on a land area of 53 acres and is slated to open during August 2005. Area demographics include a population of 117,283 within five miles earning $40,368 as the average household income. Area retail includes Hanes Mall, Kohl’s, Pier 1 Imports, Sam’s Club, Costco and Hanes Commons. Asking rent is $20 psf with CAM of $1.50 psf and taxes of $1.50 psf. For more information, contact Ladd Freeman, Freeman Commercial Real Estate, 175 Kimel Park Drive, Suite 200, Winston-Salem, NC 27103; 336-768-4410, Fax 336-768-4413; Email: ladd@freemancommercial.com.
The Rappaport Cos. is developing Central Park, a two million sq.ft. center located in Fredericksburg, VA. The center is currently anchored by a 237,000 sq.ft. Wal*Mart Supercenter. For more information, contact The Rappaport Cos., 8405 Greensboro Drive, Suite 830, McLean, VA 22102-5118; 571-382-1290, Fax 571-382-1210; Email: info@rappaportco.com.
Developers Diversified Realty is developing Phase III of Nassau Park Pavilion, a 1.2 million sq.ft. center located at the intersection of U.S. Route 1 and Quaker Bridge Road in Princeton, NJ. The center is currently anchored by Wal*Mart, Sam’s Club, Wegmans, Target, Home Depot, Kohl’s, Dick’s Sporting Goods, Babies “R” Us, Best Buy, Linens ‘n Things, Michaels, Borders and PetsMart. Phase III will include 40,800 sq.ft. of small shop space and is slated for completion during Fall 2005. Area demographics include a population of 117,707 within five miles earning $119,046 as the average household income. The company also is developing Freehold Marketplace, a 500,000 sq.ft. center located at the intersection of State Highway 33 and Route 537 in Freehold, NJ. Opening is slated for next year. Anchors will include a 216,204 sq.ft. Wal*Mart and a 153,000 sq.ft. Sam’s Club. Area demographics include a population of 279,885 within 10 miles earning $99,372 as the average household income. For more information, contact Developers Diversified Realty, 3300 Enterprise Parkway, Beachwood, OH 44122; 216-755-5500, Fax 216-755-1500; Web site: www.ddr.com.
W.M. Grace Development Co. is developing a 78,000 sq.ft. center located at the intersection of State Highway 95 and Oro Grande Boulevard in Lake Havasu City, AZ. The center will be anchored by a 57,600 sq.ft. Basha’s supermarket. Demographics include a trade-area population of 42,741 earning $47,104 as the average household income. For more information, contact W.M. Grace Development Co., 7575 North 16th Street, Suite 1, Phoenix, AZ 85020; 602-956-8254, Fax 602-943-3548; Email: wmgraceco@msn.com.
LMS Commercial Real Estate is preleasing North White Hall Commons, a center located near the intersection of Route 309 and Route 873 in Schnecksville, PA. Opening is slated for Summer 2005. Area demographics include a population of 30,508 within five miles earning $71,589 as the average household income. There are also two pad sites available for a ground lease or build-to-suit. For more information, contact LMS Commercial Real Estate, 120 North Pointe Boulevard, Suite 301, Lancaster, PA 17601; 717-569-9373, Fax 717-560-9909; Web site: www.lms-pma.com.
Stiles Retail Group is preleasing Waterways Shoppes of Parkland, a 75,000 sq.ft. center located at the intersection of U.S. 441, Palmetto Park and Hillsboro Boulevard in Parkland, FL with an average daily traffic count of 53,500 vehicles. Area demographics include a population of 262,428 within five miles earning $74,906 as the average household income. Cotenants include Fidelity Federal, Quizno’s, Holotta Foods and Pomodoro Italian Restaurant. For more information, contact Stiles Retail Group, 300 SE 2nd Street, Fort Lauderdale, FL 33301; 954-627-9200, Fax 954-627-9399; Email: retail@stiles.com; Web site: www.stiles.com.
Tamaqua Associates, LP is preleasing a Wal*Mart Supercenter anchored center located at the intersection of State Route 309 and Interstate 81 in Tamaqua, PA with an average daily traffic count of 41,000 vehicles. Opening is slated for Fall 2005. The center will be 205,310 sq.ft. featuring a 155,078 sq.ft. Wal*Mart Supercenter, 50,232 sq.ft. of small shop space and four outparcels. Area demographics include a population of 77,750 within 10 miles earning $37,972 as the average household income. The company also is preleasing Warren Commons, a 361,546 sq.ft. center located at the intersection of U.S. Route 62 and State Route 69 in Warren, PA with an average daily traffic count of 17,600 vehicles. The center will be anchored by a 184,435 sq.ft. Wal*Mart Supercenter and a 111,196 sq.ft. Lowe’s Home Improvement Warehouse. Additionally, a 30,000 sq.ft. junior anchor is planned. For more information, contact Perry Russ, Tamaqua Associates, LP, 300 Market Street, Johnstown, PA 15901; 814-532-6186, Fax 814-536-5505; Email: pruss@zamias.net.
Pellerin & Salomon Real Estate Services, LLC is preleasing Loganville Plaza, a 6,800 sq.ft. outparcel located at the intersection of Highway 78 and Teresa Lane in Loganville, GA. The center is tenanted by Moe’s Southwest Grill, Supercuts, GameStop and T-Mobile. The center is an outparcel shadowing a Wal*Mart Supercenter. Area retail includes Home Depot and Publix. The company also is preleasing Prattville Plaza – MovieStop, a 5,000 sq.ft. building located at the intersection of Heather Road and Cobbs Ford Road in Prattville, AL. Area retail includes Office Depot, Wal*Mart Supercenter, Goody’s, Belk and Michaels. For more information, contact Stephanie Ives, Pellerin & Salomon Real Estate Services, LLC, 3101 Towercreek Parkway, Suite 200, Atlanta, GA 30339; 678-718-2808, Fax 770-956-0006; Email: stephaniei@pellerin-salomon.com; Web site: www.pellerin-salomon.com.
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