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New Construction
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New Construction CB Richard Ellis, Inc. is preleasing Spanish River, a center located at the intersection of Spanish River Boulevard and Federal Highway in Boca Raton, FL. Opening is slated for late next year. Area demographics include a population of 46,023 within three miles earning $97,689 as the average household income. Area retail includes Publix, Walgreens and Bank of America. For more information, contact Richard Branscomb, CB Richard Ellis, Inc., 777 Brickell Avenue, Suite 900, Miami, FL 3313; 305-374-1000, Fax 305-381-6462; Web site: www.cbre.com.
Simon is developing Firewheel Town Center located at the intersection of Firewheel Town Center Parkway and State Highway 78 in Garland, TX. The center will be tenanted by Dillard’s, Foley’s, AMC Theatre, Barnes & Noble, Circuit City and Linens ‘N Things. The center also will include 75,000 sq.ft. of office space and residential units. Demographics include a population of 333,171 earning $73,809 as the average household income. For more information, contact Tom Schneider, Simon, 115 West Washington Street, Indianapolis, IN 46204; Web site: www.simon.com.
Collins/Goodman is preleasing Stonebridge Station, a 10,000 sq.ft. center located on Crossville Road in Roswell, GA. The site has an average daily traffic count of 44,461 vehicles. Area demographics include a population of 510,019 within 10 miles earning $105,058 as the average household income. For more information, contact Andrea Kenney, Collins/Goodman, 1447 Peachtree Street, Suite 525, Atlanta, GA 30309; 404-888-9595, Fax 404-888-9351; Web site: www.collinsgoodman.com.
Staubach Retail Services is preleasing a site located at the intersection of Interstate 540 and Highway 1 in Plantation Point-Raleigh, NC. Opening is slated for Spring 2006. The center will include 312,000 sq.ft. of anchor space and 65,000 sq.ft. of small shops. Area retail includes Triangle Towne Centre, which is anchored by Belk, Dillard’s, Hecht’s and Sears. Area demographics include a population of 125,503 within five miles earning $87,843 as the average household income. For more information, contact Brian Murphy, Staubach Retail Services, 15601 Dallas Parkway, Suite 400, Addison, TX 75001; 972-361-5076; Email: brian.murphy@staubach.com.
The Widewaters Group is preleasing a center located on Interstate 90 at Exit 5 in Albany, NY with an average daily traffic count of 90,000 vehicles. Area demographics include a population of 189,710 within five miles earning $53,822 as the average household income. The company also is preleasing a center located at the intersection of New York State 31 and 19 in Brockport, NY with an average daily traffic count of 20,700 vehicles. Area demographics include a population of 39,303 within seven miles earning $59,180 as the average household income. For more information, contact Jim Lavelle, The Widewaters Group, 5786 Widewaters Parkway, PO Box 0003, DeWitt, NY 13214; 315-445-8613, Fax 315-445-8570; Email: jlavelle@widewaters.com.
Wolfson-Verrichia Group is developing Audubon Crossing, a center located at the intersection of Blackhorse Pike and Nicholson Road in Audubon, NJ. For more information, contact Catherene Cardinale, Wolfson Verrichia Group, Inc., Meetinghouse Business Center, 120 West Germantown Pike, Suite 120, Plymouth Meeting, PA 19462; 610-277-8899, Fax 610-277-8880.
The Woodmont Co. is developing a 9,300 sq.ft. freestanding retail building located on Interstate 20 in Monroe, LA. The center is located adjacent to Pecanland Commons, a center tenanted by Target, Bed Bath & Beyond, Ross and Petco. The build-to-suit project is being developed for May Department Stores and will house David’s Bridal and After Hours Formalwear. For more information, contact The Woodmont Co., 2100 West 7th Street, Fort Worth, TX 76107-2306; 817-732-4000, Fax 817-735-4738; Web site: www.woodmont.com.
Stanbery Development is developing The Shoppes At Brookfield, a 35,007 sq.ft. center located on Federal Road in Brookfield, CT. Opening is slated for July 2005. Area demographics include a population of 102,095 within five miles earning $93,665 as the average household income. Proposed tenants include Domain, Bombay, Storehouse and Pier 1 Imports. For more information, contact Ray Brunt, Stanbery Development, 250 East Broad Street, Suite 200, Columbus, Ohio 43215; 614-437-8100, Fax 614-437-8101; Web site: www.stanbery.com.
Colliers Keenan, Inc. is preleasing the redevelopment of St. John’s Plaza, a 151,875 sq.ft. center located on Highway 406 in Titusville, FL. The center is anchored by Publix. The redevelopment portion consists of 83,000 sq.ft., which was formerly occupied by Wal*Mart. Demographics include a trade-area population of 68,689 earning $52,576 as the average household income. For more information, contact Travis Butler, Colliers Keenan, Inc., 1301 Gervais Street, Suite 600, Columbia, SC 29201; 803-401-4232 or 803-254-2300; Email: tbutler@collierskeenan.com.
The Peterson Cos. is planning to develop 93,000 sq.ft. of retail space at East Market at Fair Lakes, a center located at the intersection of West Ox Road and Fair Lakes Parkway in Fair Lakes, VA. Opening is slated for early 2006. Tenants include Kohl’s, Whole Foods and Galyan’s. The center will have 16,000 sq.ft. of shop space with Interstate 66 visibility and will be adjacent to more than 400 new residential units. For more information, contact The Peterson Cos., 12500 Fair Lakes Crossing, Suite 400, Fairfax, VA 22033; 703-227-2000, Fax 703-818-1250; Web site: www.petersoncos.com.
Tri-Land Properties, Inc. and HRM Properties & Development, LLC are redeveloping the 158,000 sq.ft. Countryside Center located at the intersection of Illinois Route 34 and Illinois Route 47 in Yorkville, IL. The 18-acre retail property will undergo a multi-million dollar redevelopment, which will include the demolition of the 33-year-old center in order to reconfigure the site layout and to build a series of stores to be occupied by both major anchor and small specialty retail stores. For more information, contact Hugh Robinson, Tri-Land Properties, Inc., One Westbrook Corporate Center, Suite 520, Westchester, IL 60154-5764; 708-531-8210, Fax 708-531-8217.
W.M. Grace Development Co. is developing Yuba City Marketplace, a 360,547 sq.ft. center located at the intersection of Highway 20 and Tharp Road in Yuba City, CA. The company also is developing Casa Grande Home Depot, a center located at the intersection of Peart Road and Highway 287 in Casa Grande, CA. For more information, contact W.M. Grace Development Co., 7575 North 16th Street, Suite 1, Phoenix, AZ 85020; 602-956-8254, Fax 604-943-3548.
Kite Development is developing Preston Towne Center located at the intersection of Preston Road Highway and West Park Boulevard in Plano, TX. The company also is developing Geist Pavilion, a 58,054 sq.ft. center located at the intersection of 113th Street and Olio Road in Fishers, IN. Opening is slated for this Fall. The center will be anchored by Kroger. For more information, contact Gregg Poetz, Kite Development, 30 South Meridian Street, Suite 1100, Indianapolis, IN 46204; 317-578-5153, Fax 317-577-5605; Email: gpoetz@kiteco.com; Web site: www.kiteco.com.
Commercial Net Lease Realty Services, Inc. is preleasing a 110,000 sq.ft. center located in Florence, AL. Opening is slated for Spring 2005. The company also is preleasing a center located at the intersection of Lapeer Road and DeMille Road in Lapeer, MI. The site has an average daily traffic count of 44,500 vehicles. Area retail includes Home Depot and Kroger. For more information, contact Tom Yeager, Commercial Net Lease Realty Services, Inc., 450 South Orange Avenue, Suite 900, Orlando, FL 32801; 513-777-6784; Web site: www.cnlreit.com.
Regency Commercial Associates is preleasing Savoy Plaza, a 150,000 sq.ft. center located at the intersection of Curtis Road and U.S. Highway 45 in Savoy, IL. The center is tenanted by BabyLand, Curves For Women, Cingular, BoRics, Savoy 16 Theater, Dairy Queen & Pizza, Big R Car Wash, KFC/A&W, Body & Soul, Subway and First Bank of Savoy. For more information, contact Regency Commercial Associates, 330 Cross Pointe Boulevard, Evansville, IN 47715-4027; 812-424-9200, Fax 812-424-9242; Web site: www.regency-prop.com.
LMS Commercial Real Estate is developing Stony Battery Shopping Center, a 30,000 sq.ft. center located at the intersection of Stony Battery Road and Kayo Avenue in Lancaster, PA. The proposed center has spaces available from 1,200 sq.ft. to 30,000 sq.ft. and is located adjacent to a Weis supermarket. Rent is $15 psf NNN. The company also is developing Leola Commons, a center located on New Holland Pike in Leola, PA. 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.
Zaremba Group is preleasing Northpointe Centre located at the intersection of Route 60 and Northpointe Drive in Zanesville, OH. The initial phase of the development includes over 380,000 sq.ft. with room for three to four anchor tenants, as well as three outlot opportunities. Additional phases will offer more retail and outparcel opportunities. Area demographics include a population of 68,223 within 10 miles earning $47,139 as the average household income. The company also is preleasing Eastpointe Shopping Center, a 530,000 sq.ft. center located on U.S. Route 36 in Delaware, OH. The project will contain a combination of general merchandise, lifestyle and convenience retailers with an additional nine outparcel opportunities. Demographics include a trade-area population of 50,525 earning $64,933 as the average household income. For more information, contact Zaremba Group, 14600 Detroit Avenue, Cleveland, OH 44107; 216-221-6600, Fax 216-221-9742; Email: solutions@zarembagroup.com; Web site www.zarembagroup.com.
Maestas & Ward Commercial Real Estate is developing a center located at the intersection of Interstate 25 and State Road 6 in Los Lunas, NM. The center will be anchored by The Home Depot and has junior anchor space, pad sites and shop spaces available. The company also is developing a center located at the intersection of New Mexico 70 and Rinconada Boulevard in Las Cruces, NM. For more information, contact Michele Genrich or Steve Maestas, Maestas & Ward Commercial Real Estate, 7620 Jefferson NE, Albuquerque, NM 87109; 505-878-0001, Fax 505-878-0002; Emails: michele@maestasandward.com and steve@maestasandward.com.
Robert K. Futterman & Associates, LLC is preleasing Bloomfield Park, a 4.5 million sq.ft., mixed-use urban development located in Oakland County, MI. The center is expected to include 600,000 sq.ft. of shop space, up to 20 restaurants, 1,200 single-floor, mid-rise and high-rise residences, one million sq.ft. of office and medical space, a 250-room hotel, a state-of-the-art cinema, a health and fitness club and an outdoor ice skating rink from November through March. For more information, contact Mitchell N. Friedel, Robert K. Futterman & Associates, LLC, 521 Fifth Avenue, Seventh Floor, New York, NY 10175; 212-599-3700, Fax 212-599-3744.
Cypress Equities is developing the following centers: a 50-acre retail power center located at the intersection of Interstate 65 and Route 30 in Merrillville, IN. The center will be anchored by Costco, Lowe’s Home Improvement and Babies “R” Us. Area retail includes Southlake Mall, and a 70-acre retail/entertainment power center located at the intersection of Interstate 480 and Lorain Road in Cleveland, OH. Area retail includes Great Northern Mall. For more information, contact Caroline Summers, Cypress Equities, 15601 Dallas Parkway, Suite 400, Addison, TX 75001; 972-361-5059.
Robert Brown & Associates, Inc. is planning to develop Williamsburg Marketcenter located at 9700 Mooretown Road in Lightfoot, VA. Two phases are anticipated for the center. The first phase calls for a 135,000 sq.ft. Home Depot that will open later this year. Ukrop’s will anchor the second phase of the development with a 52,000 sq.ft. store. Several restaurants and banks have expressed interest in the outparcels. The development is across the street from Sentara Williamsburg Regional Medical Center. For more information, contact Robert Brown & Associates, Inc., 5800 Lake Wright Drive, Suite 104, Norfolk, VA 23502; 757-461-0000; Web site: www.robertbrownassociates.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.
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