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New Construction
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New Construction First Carolina Properties is developing Indian Trail Crossing, a center located at the intersection of Highway 74, Vivian Lane and State Route 1367 in Indian Trail, NC. The site has an average daily traffic count of 50,000 vehicles. Opening is slated for September. Area demographics include a population of 64,571 within five miles earning $66,763 as the average household income. The center will be anchored by Wal*Mart Supercenter. Asking rent is $22 psf. For more information, contact Jim Broemer, First Carolina Properties, 523 Keisler Drive, Suite 202, Cary, NC 27511; 919-657-5005, Fax 919-657-5006; Email: jbroemer@1stcarolinaproperties.com; Web site: www.1stcarolinaproperties.com.
Strathmore Development Co. is developing Bear Creek Crossings, a 300,000 sq.ft. center located at the intersection of U.S. 131 and Lears Road in Petoskey, MI. The center will be anchored by Lowe’s Home Improvement. Opening is slated for the fourth quarter of this year. For more information, contact Scott A. Chappelle, Strathmore Development Co., 1427 West Saginaw, Suite 200, East Lansing, MI 48823; 517-664-4111, Fax 517-664-4151; Email: scottc@strathmoredev.com; Web site: www.strathmoredev.com.
NAI Capital is preleasing The Shoppes at Creekside, an 89,555 sq.ft. center located at the intersection of NEC 210 Freeway and Riverside in Rialto, CA. The center has spaces available of 40,000 sq.ft. to 50,000 sq.ft. for an anchor and 15,000 sq.ft. to 20,000 sq.ft. for sub-anchors, pads and small shop space. Area demographics include a population of 164,109 within three miles earning $57,968 as the average household income. For more information, contact David Wick or Brandon Beauchemin, NAI Capital, 3281 East Guasti Road, Suite 225, Ontario, CA 91761; 909-945-2339, Fax 909-945-2338; Web site: www.naicapital.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.
National Realty & Development Corp. is developing Cobleskill Center, a 30,000 sq.ft. center located at the intersection of Route 7 and Route 145 in Cobleskill, NY. Area retail includes CT Farm, Wal*Mart Plaza and Price Chopper. The company also is developing a land area of eight acres at Colonia Plaza, a 100,000 sq.ft. center located at the intersection of Albany Shaker Road and Route 151 in Colonie, NY. Area retail includes Barnes & Noble, Big Kmart, BJ’s Wholesale Club, Boscov’s, Hannaford, Christmas Tree Shop, Home Depot, Linens ‘N Things, Macy’s, Marshall’s, Sears, Price Chopper, Sam’s Club, Target, T.J. Maxx and Wal*Mart. The company also is developing a center located at the intersection of Glass Street and Route 512 in Plainfield, PA with an average daily traffic count of 14,000 vehicles. Area retail includes Big Kmart and Giant Supermarket. The company also is redeveloping Henrico Plaza, a 250,000 sq.ft. center located on Mechanicsville Pike in Richmond, VA. The center has 26.5 acres available for redevelopment. Area retail includes Big Lots, Food Lion, Home Depot, Wal*Mart Supercenter and Winn-Dixie. For more information, contact National Realty & Development Corp., 3 Manhattanville Road, Purchase, NY 10577; 800-932-RENT; Web site: www.nrdc.com.
For more information, contact Michael or Robert Berke, Oxford Real Estate Group, 388 East Main Street, Branford, CT 06405; 203-483-2900, Fax 203-483-2999.
First Rockford Group, Inc. is preleasing phase three of Perryville Crossings, a 32,000 sq.ft. center located at the intersection of Perryville and Mill in Rockford, IL. Opening is slated for September. The center has spaces available of 1,200 sq.ft. to 20,000 sq.ft., as well as an outlot of 12,000 sq.ft. and is anchored by David’s Bridal. Cotenants include Wine Styles, ColdStone Creamery, Wild Birds Unlimited, After Hours Formalwear, Panera Bread and Chipotle. Asking rent is $18 psf with CAM and taxes of $4.25 psf. Area retail includes Lowe’s Home Improvement, Home Depot, Borders, Wal*Mart and Gordman’s. The company also is preleasing phase two of Chandan Place, a 22,000 sq.ft. center located at the intersection of Perryville and Spring Creek in Rockford, IL. Opening is slated for the Fall. The center has spaces available of 1,200 sq.ft. to 22,000 sq.ft. and is anchored by Woodman’s Grocery. Cotenants include Hollywood Video, Starbucks and Jimmy John’s. Area demographics include a population of 119,857 within five miles earning $78,683 as the average household income. Asking rent is $25 psf with CAM and taxes of $4.25 psf. The company also is preleasing Belvidere, a 13,500 sq.ft. center located at the intersection of Business 20 and Pearl Street in Belvidere, IL. Opening is slated for the Fall. Area demographics include a population of 29,041 within five miles earning $65,274 as the average household income. The site has an average daily traffic count of 21,400 vehicles. Asking rent is $18 psf with CAM and taxes of $4 psf. The company also is preleasing Machesney Crossings, a 180,000 sq.ft. center located at the intersection of Highway 251 and State Route 173 in Machesney Park, IL. Opening is slated for the Fall. The center has spaces available of 8,000 sq.ft.; 10,000 sq.ft. and 12,000 sq.ft. and is anchored by T.J. Maxx, OfficeMax, Payless ShoeSource, Famous Footwear and Fashion Bug. Area demographics include a population of 80,335 within five miles earning $73,824 as the average household income. Asking rent is $20 psf with CAM and taxes of $4.25 psf. Area retail includes Kohl’s, Home Depot, Target and Menard’s. For more information, contact Bharat Puri, First Rockford Group, Inc., 6801 Spring Creek Road, Rockford, IL 61114; 815-229-3000, Fax 815-229-3001; Email: bharat@firstrockford.com; Web site: www.firstrockford.com.
Cozza Enterprises is developing 5853 Forbes, a 24,000 sq.ft. center located in Pittsburgh, PA. The center will have spaces available of 6,000 sq.ft. and 18,000 sq.ft. Opening is slated for next month. Area demographics include a population of 22,862 within one mile earning $44,011 as the average household income. Asking rent is $17 psf. Area retail includes Starbucks, Panera Bread, Curves, ColdStone Creamery, Barnes & Noble and Giant Eagle. For more information, contact Craig Totino, Cozza Enterprises, 5770 Forbes Avenue, Pittsburgh, PA 15217; 412-381-7222; Email: ctotino@alexdevelopment.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.
The Schultz Organization is preleasing The Gateway at Carteret, a 43,400 sq.ft. center located at the intersection of Lower Roosevelt Avenue and Terminal Avenue in Carteret, NJ. The center will consist of eight buildings. Parcel A will include 32 townhomes; Parcel B will include 62 loft style condominiums; Parcel C will include 30 condominiums; Parcel D will include 54 condominiums; Parcel E will include 104 apartments, 21,700 sq.ft. of retail space and parking spaces; Parcel F will include 104 apartments, 21,700 sq.ft. of retail space and parking spaces and Parcel G will include 16 affordable housing units. Opening is slated for the Spring. The company also is preleasing a 12.4-acre retail/entertainment/hotel site at Raritan Center, a 13 million sq.ft. office and industrial center located on King George Road in Edison, NJ. Area demographics include a population of 273,654 within five miles earning $72,673 as the average household income. The site currently includes four hotels with Extended Stay America, Hilton Garden, Holiday Inn and Sheraton Edison Hotel. For more information, contact Steven Winters or Ira Kerner, The Schultz Organization, 900 Route 9 North, Suite 301, Woodbridge, NJ 07095; 732-855-0001, Fax 732-855-0034; Emails: swinters@schultznet.com and ikerner@schultznet.com.
The Goldstein Group is preleasing Garden State Plaza, a 17,000 sq.ft. center located at the intersection of Paterson Avenue and Garden Street in Carlstadt, NJ. Opening is slated for the Spring. Area retail includes CVS, Mandee, Burger King, Radio Shack, Walgreens, Bank of America, Harmon Cosmetics, Blockbuster Video and Dunkin’ Donuts. Area demographics include a population of 586,281 within five miles earning $76,503 as the average household income. For more information, contact Chuck Lanyard, The Goldstein Group, Glen Rock Plaza, 266 Harristown Road, Suite 105, Glen Rock, NJ 07452; 201-703-9700 Ext. 15, Fax 201-703-9700; Email: clanyard@thegoldsteingroup.com; Web site: www.thegoldsteingroup.com.
Coldwell Banker Commercial Argue Properties is developing RiverWalk Crossing, a mixed-use lifestyle center located in Tulsa, OK. The center will include restaurants, retail, theater, offices and a boardwalk entertainment area. The center connects to the Oklahoma Aquarium and across the Jenks Pedestrian Bridge to the Tulsa Riverparks Trail System. The center also will include a waterfall with a cave backdrop and wildlife sculpture, outdoor fireplaces, dancing fountains, outlook areas for the Arkansas River, bronze sculptures and an outdoor amphitheater. For more information, contact Coldwell Banker Commercial Argue Properties, 401 South Boston Suite 2424, Tulsa, OK 74103; 918-587-1900, Fax 918-699-0324; Email: jburcham@argueproperties.com.
Jeffery Realty, Inc. is preleasing a 400,000 sq.ft. center located at the intersection of Route 9 and West Farms Road in Howell, NJ. The site has an average daily traffic count of 40,000 vehicles. Area retail includes Home Depot. The center will be situated on a land area of 50 acres and is located near Freehold Raceway Mall. Area demographics include a population of 323,874 within 10 miles earning $94,467 as the average household income. The company also is preleasing a 43,000 sq.ft. center located at the intersection of Woodlane Road and Springside Road in Westampton, NJ. The site has an average daily traffic count of 24,000 vehicles. Area demographics include a population of 247,426 within seven miles earning $60,282 as the average household income. For more information, contact John Lutz, Jeffery Realty, Inc., 116 Route 22, North Plainfield, NJ 07060; 908-668-9600; Email: jlutz@jefferyrealty.com.
Michael Antkies Retail Real Estate is preleasing Berlin Life Style Corners, a 200,000 sq.ft. center located at the intersection of Route 15 and Route 160 in Berlin, CT. The proposed center is to be situated on a land area of 23 acres and will have two pad sites available. The site has an average daily traffic count of 42,000 vehicles. Area demographics include a population of 148,413 within five miles earning $54,432 as the average household income. The company also is preleasing a proposed 100,000 sq.ft. center located at the intersection of Route 59 and Route 303 in West Nyack, NY. The center will be situated on a land area of eight acres. Area retail includes Filene’s and The Palisades Mall. The center will have four buildings, ranging from 4,000 sq.ft. to 44,000 sq.ft. Area demographics include a population of 580,253 within 10 miles earning $72,747 as the average household income. For more information, contact Michael Antkies, Michael Antkies Retail Real Estate, 226 Great Hill Road, Ridgefield, CT 06877; 203-438-9525, Fax 203-894-8434; Email: mantkies@antkies.com.
Forest City Retail Properties is preleasing Northfield at Stapleton, a 539,722 sq.ft. center located at the intersection of Interstate 270 and Interstate 70 in Denver, CO. The center is anchored by Bass Pro Shops, Foley’s, Harkins Theatre and Target. Area demographics include a population of 570,332 within seven miles earning $62,831 as the average household income. The company also is preleasing The Orchard Town Center, a 265,000 sq.ft. center located at the intersection of Huron Street and West 144th in Westminster, CO. Opening is slated for Fall 2006 or Spring 2007. Anchors include JCPenney, Foley’s and AMC Theatres. Area demographics include a population of 509,136 within 10 miles earning $74,749 as the average household income. For more information, contact Forest City Commercial Group, 50 Public Square, Suite 1026, Cleveland, OH 44113; 216-621-6060; Web site: www.forestcity.net. |