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New Construction
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New Construction Cordano Co. Commercial Real Estate is preleasing Del Paso Marketplace, a center located at the intersection of East Commerce Way and Del Paso Boulevard in North Natomas, CA. The center has spaces available of 4,500 sq.ft.; 6,800 sq.ft.; 8,700 sq.ft.; 7,200 sq.ft.; 15,000 sq.ft. and two spaces of 5,700 sq.ft. Area retail includes Safeway, Rite Aid, Border’s, Kohl’s, Bed Bath & Beyond, Wal*Mart, Home Depot, Michaels, Ross, Staples, PetsMart and Target. Area demographics include a population of 224,242 within seven miles earning $47,034 as the average household income. The site has an average daily traffic count of 218,000 vehicles. For more information, contact Mark Cordano, Alan Cordano or Mike Cordano, Cordano Co. Commercial Real Estate, 1112 11th Street, Sacramento, CA 95814; 916-443-4618.
Excel Realty Holdings is preleasing Pocatello Center located at the intersection of Hawthorne Road and Mall Access Road in Pocatello, ID. The center is situated on a land area of six acres and has space available of 42,400 sq.ft. Opening is slated for Summer 2007. For more information, contact Graham Bullick, Excel Realty Holdings, LLC, 17140 Bernardo Center Drive, Suite 310, San Diego, CA 92128; 858-613-1800.
Staubach Retail is preleasing Shoppes on Main, a 287,000 sq.ft. center located in White Plains, NY. Opening is slated for February. The center has space available of 80,000 sq.ft. and is tenanted by Wal*Mart. The company also is preleasing The Landmark, a 36,911 sq.ft. center located in Stamford, CT. Opening is slated for the fourth quarter of 2006. Area retail includes Stamford Town Center. For more information, contact Meredith Fales and Patrick Smith, Staubach Retail, 12 East 49th Street, New York, NY 10017; 212-418-2658.
The Mitchell Co. is preleasing Legacy Village at Spring Hill, an 82,000 sq.ft. center located at the intersection of Dauphin Street and DuRho Drive in Mobile, AL. The center is situated on a land area of nine acres and has space available of 60,000 sq.ft. Opening is slated for November 2006. Area demographics include a population of 193,105 within five miles earning $46,416 as the average household income. Area retail includes Bel Air Mall and Springdale Center. Asking rent is $24 psf with CAM of $2 psf and taxes of $1 psf. For more information, contact Alex Pate, The Mitchell Co., PO Box 160306, Mobile, AL 30695; 251-380-2929, Fax 251-345-1286; Email: apate@mitchellcompany.com; Web site: www.mitchellcompany.com.
Century Retail is preleasing Cambridge Oaks, a 32,000 sq.ft. center located at the intersection of U.S. 17-92 and Plumosa Avenue in Casselberry, FL. Area demographics include a population of 212,161 within five miles earning $70,842 as the average household income. The company also is preleasing Orange City Town Center, a 36,000 sq.ft. center located on Enterprise Road and two blocks south of Saxon Boulevard in Orange City, FL. Area demographics include a population of 77,995 within five miles earning $53,572 as the average household income. For more information, contact Julia Sosa, Century Retail, 5750 Major Boulevard, Suite 240, Orlando, FL 32819; 407-248-9828, Fax 407-248-9833; Web site: www.centuryretail.com.
Antonoff & Co. Brokerage, Inc. is preleasing a center located at the intersection of SEC Highway 34 and 71st Avenue in Greeley, CO. The center has anchor positions available, five pad sites for ground lease and inline spaces from 1,000 sq.ft. to 12,000 sq.ft. For more information, contact Jeffrey L. Hirschfeld or Eli Boymel, Antonoff & Co. Brokerage, Inc., 1528 Wazee Street, Denver, CO 80202; 303-623-0200, Fax 303-454-5400; Emails: jhirschfeld@antonoff.com and eboymel@antonoff.com.
Thalhimer Cushman & Wakefield is preleasing Hanbury Village, a 100,000 sq.ft. center located at the intersection of Hanbury Road and Route 168 Bypass in Chesapeake, VA. The center will be anchored by a 52,011 sq.ft. Harris Teeter and will comprise small shops starting at 1,400 sq.ft. Six outparcels ranging from one acre to 1.8 acres are also available. For more information, contact Ed Kimple, Thalhimer Cushman & Wakefield, Exchange Place, 1313 East Main Street, Suite 400, Richmond, VA 23219; 804-648-5881, Fax 804-697-3479; Email: ed.kimple@thalhimer.com.
Seattle Pacific Realty is preleasing Lakewood Crossing, a 476,000 sq.ft. center located at the intersection of Interstate 5 and 172nd Street in Marysville, WA. Opening is slated for October 2006. Anchors include Costco and Target. Demographics include a population of 46,438 within five miles earning $71,824 as the average household income. Area retail includes Winco, Kohl’s, Wal*Mart, Lowe’s Home Improvement, Safeway and Chelsea Outlets. For more information, contact Elizabeth Best, Seattle Pacific Realty, 1904 Third Avenue, Suite 710, Seattle, WA 98101; 206-682-3100, Fax 206-682-3011.
RED Development is developing 119th and Roe Lifestyle Center, a 160,000 sq.ft. center located at the intersection of 119th Street and Roe Avenue in Leawood, KS. The center is situated on a land area of 15.5 acres. Opening is slated for Fall 2006. The center is anchored by Crate & Barrel and is cotenanted by restaurants, specialty shops, a home furnishings store, women’s fashion store and a high-end men’s store. Area demographics include a population of 194,059 within five miles earning $95,094 as the average household income. Area retail includes Town Center Plaza and Hawthorne Plaza. The company also is developing Shadow Lake Towne Center, an 860,000 sq.ft. center located at the intersection of Highway 370 and 72nd Street in Papillon, NE. Opening is slated for Spring 2007. The center is anchored by Hy-Vee and is cotenanted by Buckle, Best Buy, Bed Bath & Beyond, Pier 1 Imports, T.J. Maxx, PetsMart, Chipotle and First National Bank of Omaha. Area demographics include a population of 102,393 within five miles earning $69,933 as the average household income. For more information, contact Bobby Johnson, RED Development, 6263 North Scottsdale Road, Suite 330, Scottsdale, AZ 85250; 480-556-7724, Fax 480-947-7997; Email: bjohnson@reddevelopment.com; Web site: www.reddevelopment.com.
RMJ Development Group, LLC is developing The Marketplace at Madison Crescent, a 125,000 sq.ft. center located at the intersection of Routes 15 and 29 in Prince William County, VA. The center is situated on a land area 43 acres and will be anchored by Harris Teeter. Opening is slated for late 2006. Along with the 52,000 sq.ft. supermarket, the marketplace will include an additional 37,000 sq.ft. of traditional neighborhood retail space and a 36,000 sq.ft., three-story professional office building with ground-level retail space. For more information, contact RMJ Development Group, LLC, 1650 Tysons Boulevard, McLean, VA. Or contact, Madison Retail Group at 703-852-3163.
Mid-America is preleasing a center located at the intersection of NWC 119th and Marshfield in Chicago, IL. Opening is slated for summer 2006. The site has an average daily traffic count of 120,000 vehicles. Area demographics include a population of 190,000 within three miles earning $57,000 as the average household income. For more information, contact Paul Bryant or Dick Spinell, Mid-America, Two Mid-America Plaza, Third Floor, Oakbrook Terrace, IL 60181; 630-954-7300, Fax 630-954-7304; Emails: pbryant@midamericagrp.com and dspinell@midamericagrp.com.
Spring Hill Realty is preleasing Shelly Square, an 87,000 sq.ft. center located at the intersection of Shelly Road and State Route 63 in Harleysville, PA. Opening is slated for June 2006. The center is situated on a land area of 20 acres and has spaces available of 1,400 sq.ft.; 2,800 sq.ft. and 4,200 sq.ft., as well as an outlot of 5,000 sq.ft. The center is anchored by Landis Supermarket and is cotenanted by Great Clips, a dry cleaner, pizzeria, day spa and Univest Bank. For more information, contact Ron Hunsberger, Spring Hill Realty, 528 Main Street, Suite 200, Harleysville, PA 19438; 215-513-7368, Fax 215-513-1036; Web site: www.springhillrealtyinc.com.
Weingarten Realty Investors is preleasing Timber Springs, a 74,418 sq.ft. center located at the intersection of Avalon Boulevard and Timber Springs Boulevard in Orlando, FL. The center has spaces available of 1,200 sq.ft.; 1,500 sq.ft. and 1,956 sq.ft. Opening is slated for March 2006. The center is anchored by Wal*Mart Neighborhood and is cotenanted by McDonald’s and Washington Mutual. Asking rent is $25 psf with CAM of $2.15 psf and taxes of $268 psf. For more information, contact Cathy Mancari, Weingarten Realty Investors, 601-C North Bumby Avenue, Orlando, FL 32803; 407-894-3601, Fax 407-894-3430; Email: cmancari@weingarten.com.
Land Capital Group, Inc. is preleasing The Corner Shops, a center located at the intersection of State Highway 90 and Capitol Circle NW in Tallahassee, FL. Opening is slated for August 2006. Market rent is $25 psf. The company also is preleasing The Village at Gatlin Commons, a center located at the intersection of Brigatine Place and Gatlin Boulevard in Port St. Lucie, FL. Opening is slated for September 2006. Market rent is $30 psf. The company also is preleasing Fairfield Crossings, a center located at the intersection of Mobile Highway and Fairfield Drive in Pensacola, FL. Market rent is $25 psf. The company also is preleasing Marianna Plaza, a center located on State Route 71 in Marianna, FL. TThe company also is preleasing Gilroy Commons, a center located at the intersection of Highway 152 and Camino Arroyo Road in Gilroy, CA. Opening is slated for September 2006. Market rent is $39 psf. The company also is preleasing Yuma Marketplace, a center located at the intersection of 24th Street and Avenue B in Yuma, AZ. Opening is slated for July 2006. Market rent is $25 psf. For more information, contact Brandon Grange, Land Capital Group, Inc., 1850 Sidewinder Drive, Park City, UT 84060; 435-214-5572, Fax 435-214-5474; Email: bgrange@landcapital.com. For more information regarding Yuma Marketplace, contact Gary Hall at 435-214-5474; Email: ghall@landcapital.com.
Mattiace Properties is preleasing Madison Grandview, an 800,000 sq.ft. center located at the intersection of Madison Avenue and Interstate 55 North in Madison, MS. Opening is slated for October 2007. The center has outlots available of 40,000 sq.ft.; 50,000 sq.ft. and 60,000 sq.ft. and is anchored by Target, Linens ‘N Things, Cost Plus World Market and Malco Theatre. Cotenants include Ashley Furniture, Pier 1 Imports, Carrabba’s and Outback Steakhouse. Asking rent is $15 psf with CAM of $2 psf and taxes of $1 psf. The company also is preleasing The Renaissance at Colony Park, a 600,000 sq.ft. center located at the intersection of Highland Colony Parkway, Old Agency Road and Interstate 55 North in Ridgeland, MS. Opening is slated for Fall 2007. Anchors include Barnes & Noble, P.F. Chang’s China Bistro, Talbot’s, Chico’s and Ann Taylor Loft. Cotenants include Ethan Allen, Fresh Market Grocery and Hyatt Place Hotel. The site has an average daily traffic count of 65,000 vehicles. Asking rent is $24 psf with CAM of $3 psf and taxes of $1 psf. For more information, contact Mattiace Properties, 1255 Congress Street, 18th Floor, Jackson, MS 39201; 601-352-1818, Fax 601-352-1829.
Ocean Pines Realty is preleasing Delmar Gateway Shopping Center, a 125,000 sq.ft. center located at the intersection of Route 13 and Bi-State Boulevard in Delmar, MD. The center has outlots available of 2,500 sq.ft. to 3,000 sq.ft.; 5,000 sq.ft. and 10,000 sq.ft. Opening is slated for Spring or Fall 2006. Tenants include Dairy Queen, Ledo’s, a Chinese restaurant, a dry cleaners, dollar store and a liquor store. Asking rent is $19 psf. For more information, contact Ann Holtz, Ocean Pines Realty, 11021 Nicholas Lane, Suite 9, Ocean Pines, MD 21811; 410-208-3234; 410-208-4053; Email: annholtz@mchsi.com.
Allied Property Group is preleasing Pickwick Commons, a 25,000 sq.ft. center located on Greenwich Avenue in Greenwich, CT. The center is situated on a land area of 0.9 acres. Opening is slated for September 2008. Tenants include Fidelity Investments, Kinko’s, Roundabout Women’s Apparel, Liberty Travel and Garelick & Herb Gourmet Foods. The company also is preleasing a 42,079 sq.ft. center located on Riverside Avenue in Riverside, CT. Opening is slated for September 2008. For more information, contact Thomas Torelli, Allied Property Group, 116 Mason Street, Greenwich, CT 06830; 203-661-5800, Fax 203-661-4896; Email: tom@alliedpropertygp.com.
The Woodmont Co. is developing Bayou Bridges, a 300,000 sq.ft. center located at the intersection of Interstate 110 and Interstate 10 in D’Iberville, MS. Area retail includes Lowe’s Home Improvement, Wal*Mart Supercenter, Barnes & Noble, Stein Mart, Toys “R” Us, Books-A-Million and Bed Bath & Beyond. For more information, contact Dorinda Cavender, Jay Ceitlin, Greg Rabin or Jim Weir, The Woodmont Co., 3100 Monticello Avenue, Suite 825, Dallas, TX 75205; 214-824-6091; Emails: dcavender@woodmont.com, jceitlin@woodmont.com, grabin@woodmont.com and jweir@woodmont.com.
CBL & Associates Properties, Inc. is developing Gulf Coast Town Center, a 1.7 million sq.ft. open-air center located in Lee County, FL. The center will feature 15 anchors and approximately 120 specialty shops and restaurants in three phases of development. Phase I will measure approximately 412,000 sq.ft.; Phase II will total more than one million sq.ft., including two hotels, while Phase III includes the remaining square footage, plus space located on the site’s peripheral property. For more information, contact Deborah Cary Gibb, CBL & Associates Properties, Inc., CBL Center, Suite 500, 2030 Hamilton Place Boulevard, Chattanooga, TN 37421-8315; 423-490-8315, Fax 423-490-8678; Email: deborah_gibb@cblproperties.com.
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