|
New Construction
|
|
|
New Construction CB Richard Ellis, Inc. is preleasing Shoppes of 151st, a 9,600 sq.ft. center located at the intersection of 151st Street and Antioch in Overland Park, KS. The center is shadow-anchored by Target. Opening is slated for next month. Area demographics include a population of 44,234 within three miles earning $130,894 as the average household income. The site has an average daily traffic count of 70,015 vehicles. For more information, contact David Hickman, CB Richard Ellis, Inc., 4717 Grand Avenue, Suite 500, Kansas City, MO 64102; 316-968-5824, Fax 816-968-5890.
NewQuest Properties is planning to develop Brazos Town Center, a center situated on a land area of 430 acres at the intersection of U.S. 59 and FM 762 in Houston, TX. The center will also include 670 high-end apartment units, 479 single-family homes, 251 high-end patio homes, 152 townhomes and a complex of professional office buildings. The center will be anchored Home Depot, Chili’s and Cinemark. For more information, contact NewQuest Properties, 8807 West Sam Houston Parkway North, Suite 200, Houston, TX 77040; 281-477-4300, Fax 281-477-4399.
A&B Properties, Inc. entered into an agreement to partner with Intertex Properties to develop Centre Pointe Marketplace, a 101,700 sq.ft. center located at the intersection of Soledad Canyon Road and Golden Valley Road in Valencia, CA. The center will be situated on a land area of 10.2 acres within the 240-acre Center Pointe Business Park. The site is located adjacent to Wal*Mart and Sam’s Club. The center is expected to have three main buildings and two pad sites. Construction is expected to begin during the fourth quarter of this year with completion slated for next year. For more information, contact Meredith J. Ching, A&B Properties, Inc., 822 Bishop Street, Honolulu, HI 90813, PO Box 3440, Honolulu, HI 96801-3440; 808-525-6611, Fax 808-525-8447; Email: mching@abinc.com.
SouthStar is developing Heritage Commons, a proposed mixed-use center located at the intersection of Buckner Road and U.S. Highway 31 in Thompson Station, TN. Area demographics include a population of 86,000 within five miles. For more information, contact SouthStar, 1616 Westgate Circle, Brentwood, TN 37027; 615-844-0180.
The Dovetail Cos. is preleasing The Market at Epps Bridge, a 100,000 sq.ft. center located at the intersection of Epps Bridge Road and Jennings Mill Parkway in Oconee County, GA. The center is situated on a land area of 10.5 acres. Area retail includes Wal*Mart Supercenter, Lowe’s Home Improvement Warehouse, Home Depot and Kroger. The site has an average daily traffic count of 31,500 vehicles. Area demographics include a population of 72,947 within five miles earning $55,580 as the average household income. The company also is preleasing The Markets at Sugarloaf, a 28,000 sq.ft. center located at the intersection of Sugarloaf Parkway and Five Forks Trickum Road in Gwinnett County, GA. Area retail includes Wal*Mart Supercenter and Publix. The site has an average daily traffic count of 51,687 vehicles. Area demographics include a population of 165,532 within five miles earning $80,220 as the average household income. For more information, contact Seth Henry, The Dovetail Cos., 126 Briarcliff Road, Suite 9, Athens, GA 30606; 706-552-3980; Email: shenry@fhtm.us; Web site: www.thedovetailcompanies.com.
Greco Associates, LLC is preleasing Shoppes on Dean, a 50,000 sq.ft. center located at the intersection of South Dean Street and Englewood Avenue in Englewood, NJ. The center is situated on a land area of 1.71 acres. Opening is slated for the fall. Area demographics include a population of 350,000 within five miles earning $101,500 as the average household income. Area retail includes Ann Taylor, The Children’s Place, Starbucks, Victoria’s Secret and Bath & Body. Asking rents range from $35 psf to $50 psf with CAM of $1 psf and taxes of $4.50 psf. For more information, contact Stephanie Greco, Greco Associates, LLC, 39 Park Place, Englewood, NJ 07631; 201-567-0477, Fax 201-567-7770; Email: stephanie@iobase.com.
Corner 160 Associates, Inc. is preleasing Jamaica Park, a center located in Jamaica, NY. The center has 40,000 sq.ft. of ground floor and multi-levels totaling 150,000 sq.ft. Opening is slated for summer 2007. For more information, contact Corner 160 Associates, Inc., 92-25 160th Street, Jamaica, NY 11432; 718-739-9157, Fax 718-658-9152; Email: ak@corner160.com.
The Wilder Cos. is developing Taunton Crossing, a 90,000 sq.ft. center located at the intersection of Routes 24 and 140 in Taunton, MA. The center will include two national casual dining restaurants. The site has an average daily traffic count of 95,000 vehicles. Area retail includes Home Depot, Circuit City, Linens ‘N Things, Target and Kohl’s. Area demographics include a population of 176,036 within 10 miles earning $68,285 as the average household income. For more information, contact The Wilder Cos., Horticultural Hall, 300 Massachusetts Avenue, Boston, MA 02115; 617-247-9200, Fax 617-247-4044; Web site: www.wilderco.com.
Grubb & Ellis New Mexico is preleasing a 5,000 sq.ft. building located at the intersection of 3rd Street and State Avenue in Albuquerque, NM. The space is expected to be occupied by retail tenants, including an office supply store. The company also acquired a 6,800 sq.ft. building, which will be occupied by a restaurant. For more information, contact Grubb & Ellis New Mexico, 2400 Louisiana Boulevard NE, Building 1, Suite 300, Albuquerque, NM 87110-4327; 505-883-7676, Fax 505-883-1034; Web site: www.grubb-ellis.com.
Carolina Holdings, Inc. is developing The Shoppes at Citrus Park, a center located at the intersection of Sheldon Road and Citrus Park Drive in Tampa, FL. The center will be situated on a land area of 7.5 acres and will have up to 30,000 sq.ft. Area retail includes Burdines, Dillard’s, JCPenney, Sears and Regal Cinema 20. Area demographics include a population of 579,850 within 10 miles earning $64,608 as the average household income. For more information, contact Britt Goodson, Carolina Holdings, Inc., PO Box 25909; 864-272-0088, Fax 864-272-0078; Email: britt.goodson@choldings.com; Web site: www.choldings.com.
Daibes Enterprises is developing Daibes Square at Northvale, a 102,000 sq.ft. center located on Livingston Street in Northvale, NJ. The center has spaces available of 2,000 sq.ft. to 25,000 sq.ft. Area demographics include a population of 149,015 within five miles earning $87,279 as the average household income. For more information, contact Daibes Enterprises, 1000 Portside Drive, Edgewater, NJ 07020; 201-840-0050, Fax 201-313-9044.
Madison Retail Group is preleasing The Shops at Waldorf, a 602,085 sq.ft. center located at the intersection of Route 301 and Route 228 in Waldorf, MD. The center includes a new expanded area of 100,200 sq.ft. and is anchored by Circuit City, Babies “R” Us, Michael’s Arts & Crafts, The Room Store, Ross Dress For Less, Marshall’s, PetsMart and Modell’s Sporting Goods. The site has an average daily traffic count of 101,175 vehicles. Area demographics include a population of 172,559 within 10 miles earning $80,498 as the average household income. The company also is preleasing South Riding Market Square, a center located at the intersection of Route 50 and Loudoun County Parkway in Loudoun County, VA. The center will be anchored by a 60,600 sq.ft. Giant Food store. The site has an average daily traffic count of 38,700 vehicles. Demographics include a trade-area population earning $115,000 as the average household income. For more information, contact Jim Farrell or Loretta Cataldi, Madison Retail Group, 1850 M Street NW, 12th Floor, Washington, DC 20036; 202-730-2008/2010; Web site: www.madisonretailgroup.com.
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. 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.
The Peterson Cos. is developing National Harbor, a 227,000 sq.ft. center located at the intersection of Interstate 95 and Interstate 295 in National Harbor, MD. Phase I includes restaurant and retail space and is slated to open during 2007. The center will eventually include one million sq.ft. of entertainment, retail and restaurant space, as well as a 400,000 sq.ft. convention center and 4,000 hotel/timeshare rooms. The site has an average daily traffic count of 248,990. The company also is developing RiverCrest Center & Harborview Shops, a 300,000 sq.ft. center located in Fort Washington, MD. The center will be anchored by Target and will include a 30,000 sq.ft. junior anchor and a 9,000 sq.ft. drug store. Opening is slated for next year. The company also is developing Moorefield Station, a 700,000 sq.ft. center located at the intersection of Dulles Greenway and Loudoun County Parkway in Ashburn, VA. Phase I will include 700,000 sq.ft. of retail, 150,000 sq.ft. of office space and 1,000 residential units. The center will be situated on a land area of 400 acres. For more information, contact The Peterson Cos., 12500 Fair Lakes, Suite 400, Fairfax, VA 22033; 703-227-2000, Fax 703-818-1250.
Reunion Development Group Ltd. is developing Reunion Plaza, a 170,000 sq.ft. center located at the intersection of County Glen Road and Highway 183 in Leander, TX. The center is situated on a land area of 8.8 acres and is slated to open during spring 2006. Area demographics include a population of 200,000 within 10 miles earning $75,000 as the average household income. For more information, contact Leslie Allen, Reunion Development Group Ltd., 1913 Overland Drive, Leander, TX 78641; 512-528-9406, Fax 512-259-9020; Email: acre@texas.net; Web site: www.reuniondg.com.
Sax Realty, Inc. is preleasing The Abell Building located at the intersection of Eutaw and Baltimore Streets in Baltimore, MD. Opening is slated for later this year. The building has spaces available of 900 sq.ft. to 7,000 sq.ft. Area demographics include a population of 39,488 within one mile. For more information, contact Dennis Bodley, Sax Realty, Inc., 4912-A Del Ray Avenue, Bethesda, MD 20814; 240-497-1192, Fax 240-497-1070; Email: dbodley@saxrealty.com.
Petrie Ventures, Inc. is developing Largo Commons, a center located at the intersection of Route 202 and Route 214 in Largo, MD. The center will be situated on a land area of 10 acres. The development will include a Wachovia Bank and two pad sites, which are available for lease. The company also is developing the Centre at Culpepper located in Culpepper, VA. Phase I of the project includes a 110,000 sq.ft. Lowe’s Home Improvement. Phase II can accommodate 55,000 sq.ft. of retail anchor space and shops with one additional pad still available. The company also is developing Centre at Edgewater located at the intersection of Route 2 and Mayo Road in Edgewater, MD. Opening is slated for late next year. For more information, contact Petrie Ventures, Inc., 170 Jennifer Road, Suite 300, Annapolis, MD 21401; 410-573-3800, Fax 410-573-3801.
GK Development, Inc. is developing a center located at the intersection of Lake-Cook Road and Northwest Highway in Barrington, IL. For more information, contact Sherry Mast, GK Development, Inc., 303 East Main Street, Suite 201, Barrington, IL 60010; 847-277-9930; Web site: www.gkdevelopment.com.
Glimcher Realty Trust is expanding Eastland Mall located at the intersection of Hamilton Road and Refugee Road in Columbus, OH. The center is being expanded to include 30,000 sq.ft. of exterior fronting small shop space. Anchors include Lazarus, JCPenney, Sears and Kaufmann’s. For more information, contact David Stec, Glimcher Realty Trust, 150 East Gay Street, 24th Floor, Columbus, OH 43215; 614-621-9000, Fax 614-621-9311.
JBG Rosenfeld Retail is redeveloping Free State Mall located on Annapolis Road in Bowie, MD. The redevelopment will include the demolition of a former Peebles and the last portion of the mall to make way for a 73,000 sq.ft. Giant Food. Additionally, the company is planning to construct a 10,000 sq.ft. pad building on the site of the former Amoco gas station building. Area retail includes Blockbuster Video, Rugged Wearhouse and Grace’s Fortune. For more information, contact JBG Rosenfeld Retail, 4445 Willard Avenue, Suite 700, Chevy Chase, MD 20815; 301-657-0700, Fax 301-657-9850; Email: leasing@jbgr.com.
Hancock Group is preleasing The Pavilion at Lansdale, a 133,000 sq.ft. center located at the intersection of South Broad Street and Hancock Street in Lansdale, PA . Current tenants include a wine and spirits shop, hair salon, bagel shop, YSK Dry Cleaners, Palermo Pizza, Peddler Bike Shop, Staples, Pets Plus, Party America, Subway, Children of America, Burger King, a produce market and a Chinese restaurant. For more information, contact Hancock Group, 730 East Elm Street, Suite 400, Conshohocken, PA 19428; 484-351-4000, Fax 484-351-4001.
O’Brien Kiernan Investment Co. is developing The Village at Kimball Junction, a 101,000 sq.ft. center located at the intersection of State Road 224 and Interstate 80 in Park City, UT. Opening is slated for the summer. The center will be anchored by T.J. Maxx, Linens ‘N Things and Cost Plus World Market. Area retail includes Wal*Mart, Bed Bath & Beyond, Petco, Wild Oats Grocery and Staples. For more information, contact Randy Sperring, O’Brien Kiernan Investment Co., 1255 Post Street, Suite 950, San Francisco, CA 94109; 415-775-3556, Fax 415-775-6364.
Casto is developing Circleville Plaza, a 300,000 sq.ft. center located at the intersection of U.S. 23 and Crites Road in Circleville, OH. The center will be anchored by a 200,000 sq.ft. Wal*Mart Supercenter and will have inline and outparcel space available. Cotenants include Berger Hospital, Maurice’s, Shoe Show, Quizno’s, GameStop and CitiFinancial. For more information, contact Steven D. Friedman, Casto, 191 West Nationwide Boulevard, Suite 200, Columbus, OH 43215; 614-228-5331.
Monroe Center Development is developing Monroe Center, a 165,000 sq.ft. center located adjacent to the 9th Street and Congress Street light rail station in Hoboken, NJ. Area retail includes ShopRite. The center will have spaces available of 800 sq.ft. to 40,000 sq.ft. and will be delivered in a vanilla shell condition. The space has expansion opportunities. Construction also will begin for the development of 435 residential units and 42,000 sq.ft. of ground-floor retail space on Monroe Center’s 5.5-acre development site. The mixed-use project will have a GLA of 1.2 million sq.ft. For more information, contact Seth Kestenbaum, Monroe Center Development, 720 Monroe Street, Suite C308, Hoboken, NJ 07030; 201-795-5000.
Progressive Development Services is preleasing Village at Old Trace, a 100,000 sq.ft. center located at the intersection of Bob Cox Road and Dallas Highway in west Cobb County, GA The center includes 60,000 sq.ft. of retail space and 40,000 sq.ft. of office space. Opening is slated for November. Tenants include PJ’s Coffee and Wine Bar and Quiznos Sub. For more information, contact Rebecca Lambert, Progressive Development Services, Inc., 295 West Crossville Road, Suite 830, Roswell, GA 30075; 678-722-0403, Fax 678-722-0404; Email: rlambert@pdsretail.com.
Menin Development Cos. is developing Downtown at the Gardens, a 338,100 sq.ft. center located just north of Alternate A1A and PGA Boulevard in Palm Beach Gardens, FL. Opening is slated for Fall 2005. The center is anchored by Whole Foods Market and Cobb 16-screen Theatre and is tenanted by Starbucks and City Kitchen. For more information, contact Ashley Barton, Menin Development Cos., 3501 PGA Boulevard, Suite 201, Palm Beach Gardens, FL 33410; 561-282-5000 Ext. 229, Fax 561-282-5718; Email: abarton@menindevelopment.com.
First Rockford Group, Inc. is preleasing Perryville Crossings, a 139,151 sq.ft. center located at the intersection of Perryville Road, Fincham Drive and Mill Road in Rockford, IL. The center has spaces available of 2,000 sq.ft. to 40,000 sq.ft. Opening is slated for the fall. Anchors include David’s Bridal, Chipotle, Panera Bread, and Cold Stone Creamery. Area retail includes Wal*Mart, Sam’s Club, Borders, Target, Barnes & Noble, Home Depot, Best Buy, Cherryvale Mall, Linens ‘N Things and Lowe’s Home Improvement. Market rent is $25 psf NNN. For more information, contact Pankaj Mahajan or Bharat Puri, First Rockford Group, Inc., 6801 Spring Creek Road, Rockford, IL 61114; 815-229-3000, Fax 815-220-3001; Emails: pankaj@firstrockford.com and bharat@firstrockford.com.
William B. May Commercial Real Estate is developing a land area of 56.31 acres in Chestertown, NY. For more information, contact George F. Donohue, William B. May Commercial Real Estate, 575 Madison Avenue, New York, NY 10022; 212-620-2611; Email: gdonohue@williambmay.com; Web site: www.williambmay.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. Opening is slated for the summer. 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.
Nassimi Realty Corp. is preleasing a 180,000 sq.ft. center located on State Highway 30 in Amsterdam, NY. The site has anchor space and pad sites available. Area retail includes Wal*Mart, Home Depot, Lowe’s Home Improvement, Price Chopper, Hannaford’s, Eckerd, Sears Hardware and Big Lots. The company also is preleasing a center located at the intersection of Schoolhouse Road and Elizabeth Avenue in Somerset, NJ. The planned center will have spaces available of 60,000 sq.ft. to 80,000 sq.ft. and will be situated on a land area of 11 acres. For more information, contact Warren Shein or Olive Nassimi, Nassimi Realty Corp., 370 7th Avenue, Suite 1700, New York, NY 10001; 212-643-8080, Fax 212-643-2626; Emails: warren@nassimirealty.com and oliver@nassimirealty.com.
Territory, Inc. is developing Centennial Gateway, a 400,000 sq.ft. center located at the intersection of U.S. Highway 95 and Ann Road in Las Vegas, NV. The project is a joint venture with Olympia Development and is located adjacent to Centennial Center, a 900,000 sq.ft. center anchored by Wal*Mart, Sam’s Club and Home Depot. The first phase of the project has taken on a major furniture component with three national retailers, Lane Home Furnishings, Ashley Furniture and La-Z-Boy, securing over 75,000 sq.ft. of space. Additional committed tenants include In-N-Out Burger and Krispy Kreme Doughnuts. This phase of the project, scheduled to be completed by the Fall, will also include a 30,000 sq.ft., two-story office building to house Territory Inc.’s corporate offices and a four-story Holiday Inn Express. For more information, contact Terri Sturm, Territory, Inc., 7448 West Sahara Avenue, Las Vegas, NV 89117; 702-222-1402 Ext. 2.
|