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New Construction
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New Construction Cousins Properties is developing the following sites: The Avenue Furys Ferry, a 253,500 sq.ft. open-air center located at the intersection of Furys Ferry Road and Riverwatch Parkway in Augusta, GA. Opening is slated for Summer 2007. Area demographics include a population of 193,190 within seven miles earning $60,131 as the average household income. The site has an average daily traffic count of 49,111 vehicles; The Avenue Fosyth County, a 300,000 sq.ft. center located at the intersection of GA 400 and Peachtree Parkway in Forsyth County, GA with an average daily traffic count of 90,871 vehicles. Opening is slated for Spring 2007. Area demographics include a population of 128,207 within seven miles earning $116,830 as the average household income; The Avenue Jackson, an 800,000 sq.ft. center located at the intersection of Interstate 40 and U.S. Highway 412 in Jackson, TN. Opening is slated for Fall 2007; and The Avenue La Frontera, a 267,000 sq.ft. center located on SH 45 at the intersection of FM 1325 and CR 172 in Austin, TX. Opening is slated for Spring 2007. Demographics include a trade-area population of 266,671 earning $80,604 as the average household income. For more information, contact Cousins Properties, 2500 Windy Ridge Parkway, Suite 1600, Atlanta, GA 30339-5683; Web site: www.cousinsproperties.com.
Zamias Services, Inc. is developing The Village at Pittsburgh Mills, a center located at the intersection of Route 28 and the Pennsylvania Turnpike in Pittsburgh, PA. The site has an average daily traffic count of 84,000 vehicles. The center will be developed adjacent to the 1.1 million sq.ft. Galleria of Pittsburgh Mills and will consist of seven big box locations, ranging in size from 10,000 sq.ft. to 30,187 sq.ft., and a small shop area totaling 19,733 sq.ft. Opening is slated for the Fall. Area retail includes Sam’s Club, Wal*Mart Supercenter and Lowe’s Home Improvement. For more information, contact Perry Russ, Zamias Services, Inc., 300 Market Street, Johnstown, PA 15901; 814-532-6186, Fax 814-536-5505; Email: pruss@zamias.net.
Madison Development Group is planning to develop Mullica Hill Commons, a 100,000 sq.ft. center located on Route 77 in Harrison, NJ. The center is expected to include a fitness center, a bank, gas station and office and retail space. Construction is slated to begin later this year. The center will be situated on a land area of 17 acres. Area retail includes Robert Starr furniture shop. For more information, contact Madison Development Group Prop, 1601 Walnut Street, Philadelphia, PA 19102; 215-568-9495.
Street Corner Group, LLC is preleasing Regal Valley Commons, a 175,000 sq.ft. center located at the intersection of County Road 350 South and 18th Street in Lafayette, IN. The center is situated on a land area of 28 acres and has spaces available of 15,000 sq.ft. to 175,000 sq.ft., as well as outlots of 50,202 sq.ft.; 51,226 sq.ft. and 52,572 sq.ft. Area demographics include a population of 40,586 within three miles earning $51,892 as the average household income. Area retail includes Wal*Mart Supercenter and CVS. The company also is preleasing Franklin Point Shops, a 19,500 sq.ft. center located at the intersection of Shelbyville Road and Southport Road in Indianapolis, IN. The center is situated on a land area of 2.65 acres and has spaces available of 1,500 sq.ft. to 19,500 sq.ft., as well as outlots of 30,492 sq.ft.; 40,510 sq.ft.; 40,946 sq.ft. and 61,855 sq.ft. Opening is slated for July. Construction began last month. Area demographics include a population of 33,361 within three miles earning $69,047 as the average household income. Asking rents range from $17.50 psf to $18.50 psf with CAM of $2 psf and taxes of $1.25 psf. For more information, contact Tim Jordan, Street Corner Group, LLC, 250 East 96th Street, Suite 550, Indianapolis, IN 46240; Email: tjordan@street-corner.net; Web site: www.street-corner.net.
Preferred Development, Inc. is developing Pine Valley Crossing, a 12,300 sq.ft. center located on East Dupont Road in Fort Wayne, IN. The center is situated on a land area of 1.5 acres and will accommodate up to eight tenants. It will feature a brick and stone façade, with arches, cornices and metal awnings, as well as lush landscaping. Opening is slated for the summer. The company also is developing Portland Commons, a 14,700 sq.ft. center located on West Votaw Street in Portland, IN. Opening is slated for the summer. The center will be situated on a land area of 3.2 acres and will be located near a Wal*Mart Supercenter. For more information, contact Preferred Development, Inc., Chicago Board of Trade 141 West Jackson, 35th Floor, Chicago, IL 60604; 312-327-2700, Fax 312-987-1101; Web site: www.preferreddevelopment.com.
NewMark Merrill Cos. is preleasing Marketplace on Grove, a 207,000 sq.ft. mixed-use center located at the intersection of Philadelphia Street and Grove Avenue, adjacent to 60 Freeway, in Ontario, CA. The center will be anchored by a 169,643 sq.ft. Lowe’s Home Improvement Warehouse store and will be cotenanted by several restaurants and retail pads. The center also will include 270 apartments. Opening is slated for the fall. The project is currently 80% leased. Area demographics include a daytime population of 111,744 within three miles. For more information, contact Leticia S. Wilson, NewMark Merrill Cos., 5850 Canoga Avenue, Suite 650, Woodland Hills, CA 91367; 818-456-5770, Fax 818-710-6116; Email: lwilson@newmarkmerrill.com; Web site: www.newmarkmerrill.com.
InterState Commercial Real Estate, Inc. is preleasing a center located at the intersection of SEC Route 30 and Ridgeland in Matteson, IL. The proposed center will be situated on a land area of 13 acres and will have an average daily traffic count of 26,800 vehicles. The center also is slated to have 4,890 residential units within three miles. Area demographics include a population of 126,803 within five miles earning $80,259 as the average household income. Area retail includes Linens ‘N Things, Borders Books & Music, Sports Authority, Radio Shack, Harris Bank, White Castle, Long John Silvers, Citgo, Starbucks, Quiznos, Panda Express, Carson’s, Old Navy, Kids “R” Us, PetsMart, Famous Footwear, Applebee’s, Fuddruckers, Wal*Mart, Target, Menards, OfficeMax, SportMart, Panera Bread, Marshalls, Cub Foods, Burlington Coat Factory, JoAnn, McDonald’s, KFC, Dominick’s and Michaels. For more information, contact Heather Battaglia, InterState Commercial Real Estate, Inc., 630-574-1491, Fax 630-928-0980; Email: hbattaglia@interstatecommercial.com.
Commercial Net Lease Realty, Inc. is preleasing a 100,000 sq.ft. center located on Topsham Fair Mall Road in Topsham, ME. Opening is slated for the Fall. The center will be anchored by Target. Area demographics include a population of 120,191 within 15 miles earning $56,582 as the average household income. For more information, contact Mike Northam, Commercial Net Lease Realty, Inc., 450 South Orange Avenue, Suite 900, Orlando, FL 32801; 800-NNN-REIT Ext. 1156; Email: mike.northam@nnnreit.com. Or contact, Christopher Peznola, Commercial Net Lease Realty, Inc., 65 Commercial Wharf East, Suite 400, Boston, MA 02110; 617-NNN-REIT; Web site: www.nnreit.com.
BBG Commercial Development, LLC is preleasing Big Bend at Kings Lake, a 15,000 sq.ft. center located at the intersection of Kings Lake and Big Bend in Apollo Beach, FL. The site has an average daily traffic count of 111,000 vehicles. The center is situated on a land area of two acres and has spaces available of 1,200 sq.ft. Area demographics include a population of 42,693 within five miles earning $59,705 as the average household income. Asking rent is $26 psf with CAM and taxes of $5 psf. Construction is expected to begin during the summer. For more information, contact Ginger Alloway, BBG Commercial Development, LLC, 15802 Glenarn Drive, Tampa, FL 33618; 813-545-6221, Fax 813-968-5315; Email: bbgcommercial@tampabay.rr.com.
Casto is developing Eastland Centre located on Hamilton Road in southeastern Columbus, OH. The 145,530 sq.ft. center has spaces available and is tenanted by Staples, Petland, Olive Garden, McDonald’s, Kohl’s and Dragon Buffet. For more information, contact Steven D. Friedman, Casto, 191 West Nationwide Boulevard, Suite 200, Columbus, OH 43215; 614-228-5331; Web site: www.castoinfo.com.
O&S Holdings, LLC is developing Bridge Street Town Centre, a two million sq.ft. mixed-use center located in Huntsville, AL. The $210 million development will include two million square feet of retail, restaurants, entertainment, residential, hotel and office space. Opening is slated for Spring 2007. The company also is developing Jordan Creek Marketplace, a 400,000 sq.ft. center located in West Des Moines, IA. The center will include big box retail and restaurants situated on a land area of 45 acres, as well as 200 to 300 multi-family apartments on 15 acres. The center will feature landscaping, fountain and water features, pedestrian-friendly walkways and trails, and is situated adjacent to Jordan Creek Town Center, a two million sq.ft. center with 145 shops, restaurants and big box retailers. Opening is slated for Fall 2007. Area demographics include a population within three miles earning $97,000 as the average household income. For more information, contact O&S Holdings, LLC, 11611 San Vincente Boulevard, Suite 500, Los Angeles, CA 90049; 310-207-8600, Fax 310-207-2288; Web site: www.osholdings.com.
Pinpoint Properties is preleasing Kitt Creek Commons, a 57,000 sq.ft. center located at the intersection of NC Highway 55 and NC Highway 54 in Durham, NC with an average daily traffic count of 22,000 vehicles. Opening is slated for the third quarter. Cotenants will include a dry cleaner, hair studio and a nail salon. Area retail includes Big Lots and Food Lion. Asking rent is $17 psf NNN. For more information, contact Joni Barnes, Pinpoint Properties, 5310 NC Highway 55, Durham, NC 27713; 919-544-0141 Ext. 202, Fax 919-544-0284; Email: jbarnes@pinpointprop.com; Web site: www.pinpointprop.com.
Crissman Commercial Services, Inc. is preleasing Santa Clarita Crossroads, an 8,500 sq.ft. center located at the intersection of Sierra Highway and Via Princessa in Santa Clarita, CA. The center is tenanted by Carl’s Jr. and It’s a Grind Coffee. For more information, contact Tim Crissman, Crissman Commercial Services, Inc., 25031 West Avenue Stanford, Suite 70, Valencia, CA 91355 USA; 661-295-9300, Fax 661-295-0527; Web site: www.crissmancommercial.com.
Commercial Net Lease Realty, Inc. is preleasing Dan Jones Crossing, a center located at the intersection of U.S. 40 and Dan Jones Road in Plainfield, IN. The proposed 300,000 sq.ft. center will be situated on a land area of 40 acres and will be anchored by a home improvement store. The site has an average daily traffic count of 31,390 vehicles. Area demographics include a population of 132,387 within 10 miles earning $56,638 as the average household income. For more information, contact Tom Yeager, Commercial Net Lease Realty, Inc., 10260 Alliance Road, Suite 130, Cincinnati, OH 45242; 513-794-7500, Fax 513-794-7507; Web site: www.nnreit.com.
Cameron Group, LLC is developing a mixed-use center located at the intersection of Hinsdale Road and Route 5 Bypass in Camillus, NY. The center would include retail, residential, entertainment sites and restaurants in a town-center-like setting situated on a land area of 60 acres. For more information, contact Cameron Group, LLC, 6007 Fair Lakes Road, Suite 100 East Syracuse, NY 13057; 315-701-3334, Fax 315-701-3335. |