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New Construction
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New Construction Petrie Ventures, Inc. is developing Centre at Laurel, a 163,000 sq.ft. center located at the intersection of Route 1 and Contee Road in Laurel, MD. The center is anchored by Shoppers Food Warehouse and PetsMart and is cotenanted by Chick-fil-A, California Tortilla, Longhorn Steakhouse, Nextel and Three Brothers. Area demographics include a population of 150,441 within five miles earning $72,222 as the average household income. Opening is slated for the fall. The company also is redeveloping Centre at Glen Burnie, a 459,000 sq.ft. center located in Glen Burnie, MD. The center is anchored by Target, Dick’s Sporting Goods, Toys “R” Us, Best Buy and Bonefish Grill. Area demographics include a population of 161,282 within five miles earning $55,640 as the average household income. The company also is redeveloping Centre at Forestville, a 458,996 sq.ft. center located in Forestville, MD. The center is anchored by Target and JCPenney and is tenanted by Jerry’s Subs & Pizza, Lane Bryant, Rainbow, Bath & Body Works, Regis Salon, Radio Shack, FootLocker, Waldenbooks, Ashley Stewart, Athlete’s Foot, Payless ShoeSource, Sam Goody, Kay Jewelers and Zale’s. For more information, contact Petrie Ventures, 170 Jennifer Road, Suite 300, Annapolis, MD 21401; 410-573-3800, Fax 410-573-3801.
Transwestern is developing Arbor Crossing, a 25,000 sq.ft. center located at the intersection of F.M. 2499 and Dixon Lane in Flower Mound, TX. The center will be situated on a land area of 4.7 acres. Opening is slated for this winter. Area demographics include a population of 121,125 within five miles earning $76,022 as the average household income. Area retail includes Conn’s and 24-Hour Fitness. For more information, contact Mason Bishop, Transwestern, 5001 Spring Valley Road, Suite 600 W, Dallas, TX 75244; 972-774-2507, Fax 972-991-4247; Email: mason_bishop@transwestern.net.
Colliers Tingey International is preleasing Sierra Vista Mall, a 580,000 sq.ft. center located at the intersection of Shaw Avenue and Clovis Avenue in Clovis, CA. Opening is slated for Summer 2006. The center is situated on a land area of 60 acres and is anchored by Sears, Target, Mervyn’s and Gottschalk’s. Area demographics include a population of 244,238 within five miles earning $56,688 as the average household income. Area retail includes Lowe’s Home Improvement, Kmart, Old Navy, PetsMart, OfficeMax, Wal*Mart and Toys “R” Us. For more information, contact Marle Henry or Jeff Douglas, Colliers Tingey International, 7485 North Palm Avenue, Suite 110, Fresno, CA 93711; 559-221-1271, Fax 559-222-8744; Web site: www.colliers.com/fresno.
Goodman Real Estate Services Group, LLC is preleasing Meadowlands Town Center, a 450,000 sq.ft. center located at the intersection of Center Street and 7th Avenue in Chardon, OH. Opening is slated for the spring. The center is anchored by Wal*Mart and Home Depot and has spaces available of 8,400 sq.ft.; 30,000 sq.ft. and 50,000 sq.ft. Cotenants include Bob Evans. Area demographics include a population of 24,485 within five miles earning $78,124 as the average household income. The company also is preleasing Steelyard Commons, a one million sq.ft. center located at the intersection of Interstate 71 and Jennings Road in Cleveland, OH. Opening is slated for fall 2006. Area demographics include a population of 363,512 within five miles earning $34,012 as the average household income. The center has anchor and inline space available, as well as some outlots remaining. For more information, contact Anne Santora, Goodman Real Estate Services Group, LLC, 25333 Cedar Road, Suite 305, Lyndhurst, OH 44124; 216-381-8200, Fax 216-381-8211; Email: anne@goodmanrealestate.com; Web site: www.goodmanrealestate.com.
NAI MLG Commercial is preleasing Stratford Plaza, a 26,000 sq.ft. center located at the intersection of 124th Street and Capital Drive in Wauwatosa, WI with an average daily traffic count of 52,300 vehicles. Opening is slated for the summer. The center is anchored by Home Depot. Area demographics include a population of 242,194 within five miles earning $47,489 as the average household income. Area retail includes Home Depot, Starbucks, Target, Qdoba, Blockbuster Video, T.J. Maxx, Pick N Save, OfficeMax, Culvers, Chipotle, Jewel-Osco and Burlington Coat Factory. For more information, contact Tom Treder, NAI MLG Commercial, 13400 Bishops Lane, Suite 100, Brookfield, WI 53005; 262-797-9400, Fax 262-797-8940; Email: ttreder@mlgcommercial.com; Web site: www.mlgcommercial.com.
Prudential CRES Commercial Real Estate is preleasing 39 West Center, a 15,377 sq.ft. center located at the intersection of 39th Street and Roanoke Road in Kansas City, MO with an average daily traffic count of 16,000 vehicles. Opening is slated for September. The center is situated on a land area of 1.67 acres and is anchored by Oriental Feast. Area demographics include a population of 271,287 within five miles earning $50,000 as the average household income. Asking rents are $16 psf. For more information, contact Greg Patterson, Prudential CRES Commercial Real Estate, 3101 Broadway, Suite 300, Kansas City, MO 64111; 816-931-3101, Fax 816-531-1760.
PlazaCorp. Realty Advisors, Inc. is preleasing Buick City Center, a 105,000 sq.ft. center located at the intersection of Miller Road and Lennon Road in Flint, MI. The site has an average daily traffic count of 40,072 vehicles. The center is situated on a land area of 17 acres and has spaces available from 20,000 sq.ft. to 85,000 sq.ft. The center is anchored by Best Buy and is cotenanted by OfficeMax, Guitar Center and Sommerset Day Spa & Salon. Demographics include a trade-area population of 371,891 earning $39,917 as the average household income. The company also is preleasing a 29,000 sq.ft. Sam’s Club development located at the intersection of Westnedge Avenue and Romence Parkway in Portage, MI. Opening is slated for early next year. The building is situated on a land area of four acres. Demographics include a trade-area population of 109,587 within five miles earning $42,123 as the average household income. The site has an average daily traffic count of 65,000 vehicles. Area retail includes Best Buy and Walgreens. For more information, contact Ben Yore or Jon Jurhs, PlazaCorp. Realty Advisors, Inc., 211 East Water Street, Suite 201, Kalamazoo, MI 49007; 269-383-5775, Fax 269-383-5775; Emails: byore@plazacorp.net and jjurhs@plazacorp.net; Web site: www.plazacorp.net.
Coldwell Banker Commercial Triad is preleasing Union Cross Towne Centre located at the intersection of Kenosha Drive and Interstate 40 in the Piedmont Triad Region of NC. The site has an average daily traffic count of 54,000 vehicles. Area demographics include a population of 104,812 within eight miles earning $62,971 as the average household income. For more information, contact Ellen K. Moore, Coldwell Banker Commercial Triad, 285 South Stratford Road, Winston-Salem, NC 27103; 336-761-5909, Fax 336-748-5363; Email: ellen.moore1@coldwellbanker.com; Web site: www.ekmoore.com.
Gordon Group Holdings, LLC is developing The Pier at Caesars, a $175 million project located directly across from Caesars Atlantic City Hotel and Casino in Atlantic City, NJ. The Pier will include 320,000 sq.ft. of retail and restaurant space. Nearly 100 stores will accompany nine restaurants on the city’s boardwalk. Currently over 75% of the retail space is leased or committed. Tenants include Gucci, Louis Vuitton, Burberry, Tourneau, Tommy Bahama’s Vilebrequin and Hugo Boss. Restaurants include Buddakan, Continental and Phillip’s Seafood. For more information, contact Gordon Group Holdings, LLC, 6 Glenville Street, Greenwich, CT 06831; 203-618-1000, Fax 203-618-9600; Web site: www.gordongroupholdings.com.
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