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New Construction
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New Construction Newton Oldacre McDonald is preleasing Nashville West, a 700,000 sq.ft. center located at the intersection of Charlotte Pike and Interstate 40 in Nashville, TN. The center is situated on a land area of 70 acres and is slated to open December 2006. The site has an average daily traffic count of 75,980 vehicles. Area demographics include a population of 351,907 within 10 miles earning $70,900 as the average household income. For more information, contact Phil Martin, Newton Oldacre McDonald, 3841 Green Hills Village Drive, Nashville, TN 36215; 615-269-5444, Fax 615-383-6866; Email: boldacre@nomllc.com; Web site: www.nomllc.com.
Legend Properties, Inc. is preleasing Grande Shopping Center, a 500,000 sq.ft. center located at the intersection of Route 9 and Route 47 in Middle Township, NJ. Demographics include a trade-area population of 127,539 earning $59,840 as the average household income. Area retail includes Lowe’s Home Improvement, Super G, Wal*Mart, Super WaWa, Ross, Michaels Arts & Crafts, Famous Footwear and Boaters World. For more information, contact James DePetris or Joshua Hunsberger, Legend Properties, Inc., 625 Ridge Pike, Suite A-107, Conshohocken, PA 19428; Emails: jdepetris@lpre.com and jhunsberger@lpre.com; Web site: www.lpre.com.
RED Development is developing The Shops at Walnut Creek, a 540,000 sq.ft. center located at the intersection of 104th Avenue and Highway 36 in Westminster, CO. Opening is slated for Spring 2006. The center will be situated on a land area of 65 acres and will be anchored by Super Target and Romano’s Macaroni Grill. Cotenants include BankOne, ColdStone Creamery, EB Games, Hacienda Colorado, Off Broadway Shoe Warehouse and Panera Bread. Area demographics include a population of 254,008 within five miles earning $74,923 as the average household income. The company also is developing Lee’s Summit East, a 605,000 sq.ft. center located at the intersection of Interstate 470 and U.S. Highway 50 in Lee’s Summit, MO. Opening is slated for Fall 2007. The center will be situated on a land area of 63 acres and will be anchored by two department stores. Cotenants will include a home furnishings store, men’s and women’s fashion stores, fast-casual eateries, sit-down restaurants and specialty shops. Area demographics include a population of 95,110 within five miles earning $74,918 as the average household income. The site has an average daily traffic count of 122,128 vehicles. For more information, contact Joanna B. Shawver, RED Development, 4717 Central, Kansas City, MO 64112; 816-777-2843, Fax 816-777-3501; Email: jshawver@reddevelopment.com; Web site: www.reddevelopment.com.
Fameco Real Estate is preleasing Palmer Town Center located at the intersection of 25th Street and William Penn Highway in Easton, PA. The center is anchored by Giant Foods and Home Depot. Area demographics include a population of 105,792 within five miles earning $47,461 as the average household income. For more information, contact Fameco Real Estate, 15 East Ridge Pike, Suite 100, Conshohocken, PA 19428; 610-834-8000, Fax 610-834-1793.
Saugatuck Commercial Real Estate, LLC is preleasing Waterfall Plaza, a 145,000 sq.ft. center located on Route 25 in Newtown, CT. Opening is slated for the third quarter of 2006. The site has an average daily traffic count of 22,000 vehicles. Area demographics include a population of 41,000 within five miles earning $112,729 as the average household income. Tenants will include Washington Mutual, ColdStone Creamery and Quizno’s. The company also is preleasing North Colony Square, a 17,026 sq.ft. center located on Route 5 in Wallingford, CT. Opening is slated for Spring 2006. The site has an average daily traffic count of 25,000 vehicles. Area demographics include a population of 105,000 within five miles earning $81,000 as the average household income. For more information, contact Penny P. Wickey, Saugatuck Commercial Real Estate, LLC, 728 Post Road East, Suite 200, Westport, CT 06880; 203-222-4194, Fax 203-222-4186; Email: pwickey@saugatuckcommercial.com; Web site: www.saugatuckcommercial.com.
Aston Properties, Inc. is planning to develop The Village Commons at Wesley Chapel II located at the intersection of North Carolina 84 and Waxhaw Indian Trail Road in Wesley Chapel, NC. The 44-acre project will include 365,600 sq.ft. of retail/office space, including an 11,970 sq.ft. CVS and several outparcels. A landscaped and tree-lined promenade will intersect the retail shops and lead to a roundabout at the Town Campus. For more information, contact Kevin M. Flynn, Aston Properties, Inc., 6525 Morrison Boulevard, Suite 300, Charlotte, NC 28211; 704-319-4923, Fax 704-366-7337.
Grubb & Ellis/Harding Dahm & Co. is preleasing 116th Street Centre , a 30,725 sq.ft. center located at the intersection of 116th Street and Guilford Road in Carmel, IN. Opening is slated for Spring 2006. The center will have spaces available of 959 sq.ft. to 30,725 sq.ft. The site has an average daily traffic count of 23,500 vehicles. Asking rent is $23.50 psf NNN. The company also is preleasing Olio Pavilion, a 15,150 sq.ft. center located at the intersection of 116th and Olio Road in Fishers, IN. Opening is slated for Fall 2006. The center has space available of 15,000 sq.ft. and the asking rent is $25 psf NNN. The site has an average daily traffic count of 14,300 vehicles. For more information, contact Cindy Hoskinson or Scot Courtney, Grubb & Ellis/Harding Dahm & Co., 500 East 96th Street, Suite 400, Indianapolis, IN 46240; 317-844-2700, Fax 317-848-2975; Emails: hoskinson@hardingdahm.com and courtney@hardingdahm.com.
The Schultz Organization is planning to develop a 180,320 sq.ft. center located on U.S. Highway 130 South, between Renaissance Boulevard North and Renaissance Boulevard West in North Brunswick, NJ. The center will be situated on a land area of 23 acres and is expected to be anchored by a home improvement store and a drug store. Spaces available include a pad location and an inline retail space. Area demographics include a population of 204,530 within five miles earning $79,176 as the average household income. For more information, contact Steven Winters, The Schultz Organization, 900 Route 9 North, Suite 301, Woodbridge, NJ 07095; 732-855-0001, Fax 732-855-0034; Email: swinters@schultznet.com.
Rosenshein Associates is preleasing Palmer Square, a 77,000 sq.ft. center located at the intersection of Interstate 95, Potteri Avenue or Palmer Avenue in New Rochelle, NY. The center has space available of 11,000 sq.ft. and is anchored by HomeGoods and Marshalls. Opening is slated for August 2006. Area demographics include a population of 428,865 within five miles earning $59,109 as the average household income. For details, contact Lisa Rosenshein, Rosenshein Associates, 555 South Barry Avenue, Mamaroneck, NY 10543; 914-658-3600, Fax 914-658-3939; Email: lrosenshein@verizon.net. |