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New Construction Kimco Developers, Inc. and The Barclay Group are developing Asante on Grand, a 1,065,552 sq.ft. power center located at the intersection of 91st Avenue and Northern Avenue in Surprise, AZ. The center will be situated on a land area of 110 acres. Opening is slated for the third quarter of 2007 for the initial phase. Area demographics include a population of 240,817 within 10 miles earning $55,328 as the average household income. The site is located adjacent to 25,000 new homes. For more information, contact Mike Slusky, Kimco Developers, Inc., 1111 Burlington Avenue, Suite 113, Lisle, IL 60532; 630-322-9229, Fax 630-322-9204; Email: mslusky@kimcorealty.com; Web site: www.kimcorealty.com. For further information, contact The Barclay Group at 480-596-9399, Fax 480-596-6366.
Coldwell Banker Commercial Mountain West Real Estate, LLC is preleasing a center located on Lancaster Drive in Salem, OR. Area demographics include a population of 246,534 within 10 miles earning $49,716 as the average household income. For more information, contact Alex Rhoten or Tiffany Jones, Coldwell Banker Commercial Mountain West Real Estate, LLC, 698 12th Street, Suite 100, Salem, OR 97301; 503-587-4777, Fax 503-588-3514.
Spandrel Property Services, Inc. is preleasing One Brooklyn Bridge Park, a retail component with 440 luxury residential condominiums in Brooklyn Heights, NY. The site is located adjacent to a new 95-acre waterfront park and has an average household income of $103,000. For more information, contact Ian Levin, Spandrel Property Services, Inc., 86 Chambers Street, New York, NY 10007; 212-748-8900 Ext. 222, Fax 212-748-7950; Email: ilevine@spandrelproperty.com.
Hack Real Estate is preleasing Hack Center, a 1.8 million sq.ft. power center located at the intersection of Interstate 95 and Okechobee Road in Fort Pierce, FL. The center is situated on a land area of 101 acres and has spaces available of 2,000 sq.ft. to 225,000 sq.ft. Opening is slated for November 2007. Area demographics include a population of 210,000 within five miles. Area retail includes Home Depot and Wal*Mart. Asking rents range from $15 psf to $20 psf. The company also is preleasing a 30,000 sq.ft. center located on Broadhollow Road in Farmingdale, NY. The center will be situated on a land area of 70,000 sq.ft. Asking rents range from $25 psf to $40 psf. For more information, contact Anthony Murray, Hack Real Estate, 224-19 Union Turnpike, Bayside, NY 11364; 631-806-7476.
Daibes Enterprise is preleasing the expansion of Veteran’s Square at Lyndhurst Towne Center, a 113,000 sq.ft. center located on New York Avenue in Lyndhurst, NJ. The center is anchored by Staples Office Superstore and ShopRite. Area demographics include a population of 548,236 within five miles earning $52,499 as the average household income. The center has spaces available from 1,500 sq.ft. to 16,366 sq.ft. The company also is preleasing the expansion of Liberty Commons, a 99,090 sq.ft. center located on Route 17 South in East Rutherford, NJ. The center is anchored by Marshalls and Rag Shop. Area demographics include a population of 556,939 within five miles earning $62,481 as the average household income. The center has spaces available from 3,000 sq.ft. to 27,000 sq.ft. The company also is preleasing Daibes Square at Northvale, a 92,039 sq.ft. center located on Livingston Street in Northvale, NJ. The center is anchored by CVS, Applebee’s, Starbucks, Chase Manhattan Bank, Panera Bread, Northvale Farms and Vasken Jewelry Exchange. Area demographics include a population of 149,015 within five miles earning $87,279 as the average household income. For more information, contact Thomas Kornitzer, Daibes Enterprises, 1000 Portside Drive, Edgewater, NJ 07020; 201-840-0050, Fax 201-313-9044.
The Rappaport Cos. is preleasing and managing Lorton Marketplace, a 110,000 sq.ft. center, and Lorton Town Center, a 43,560 sq.ft. center. Both centers are located in Lorton, VA. Construction is expected to be complete by this spring. Lorton Marketplace is anchored by Shoppers Food Warehouse, while Lorton Town Center consists of two three-story buildings with street-level retail topped by loft style condominiums. For more information, contact The Rappaport Cos., 8405 Greensboro Drive, Suite 830, McLean, VA 22102-5121; 571-382-1200, Fax 571-382-1210; Web site: www.rappaportco.com.
PlazaCorp. Realty Advisors, Inc. is developing a 12,000 sq.ft. center located in Kalamazoo, MI. The development will be situated on a land area of 1.2 acres and is located near Kohl’s, Hobby Lobby and Target. Opening is slated for July. Demographics include a population of 115,324 within five miles earning $47,283 as the average household income. The center is located near Western Michigan University and Kalamazoo College. For more information, contact Jon Jurhs, PlazaCorp. Realty Advisors, Inc., 211 East Water Street, Suite 201, Kalamazoo, MI 49007; 269-383-5775 Ext. 13, Fax 269-383-5774; Email: jjurhs@plazacorp.net; Web site: www.plazacorp.net.
The Swiss Group is preleasing Southway Boulevard Shoppes, a 5,400 sq.ft. center located at the intersection of U.S. Highway 31 and Southway Boulevard in Kokomo, IN. The center is situated on a land area of 0.86 acres and has spaces available of 1,200 sq.ft. to 5,400 sq.ft. Opening is slated for October. Construction on the project is expected to begin during July. Area demographics include a population of 36,309 within five miles earning $49,879 as the average household income. The site has an average daily traffic count of 43,330 vehicles. Market rents range from $14 psf to $16 psf. Area retail includes Lowe’s Home Improvement, Best Buy, Marsh Supermarkets, Walgreens, Ruby Tuesday, Target, Marshalls, Steak N Shake and Kokomo Mall. The company also is preleasing Winding Way Shoppes, a 12,000 sq.ft. center located at the intersection of East 38th Street and German Church Road in Indianapolis, IN. The center is situated on a land area of eight acres and has spaces available of 1,200 sq.ft. to 12,000 sq.ft., as well as three outlots of one acre. Opening is slated for November. Construction is expected to begin during next month. Area demographics include a population of 122,940 within five miles earning $51,622 as the average household income. Asking rents range from $14 psf to $16 psf. Area retail includes Wal*Mart Supercenter, Kohl’s, Kroger, Walgreen’s, Fashion Bug and Wal*Mart Neighborhood Market. For more information, contact The Swiss Group, 3985 West 106th Street, Suite 110, Carmel, IN 46032; 317-816-9270, Fax 317-816-9271.
Hancock Group is preleasing The Shoppes of Doylestown, a 105,000 sq.ft. center located at the intersection of Swamp Road and York Road in Doylestown, PA. The center is situated on a land area of 17 acres. Opening is slated for summer 2008. Area demographics include a population of 118,460 within seven miles earning $57,010 as the average household income. For more information, contact Hancock Group, 730 East Elm Street, Suite 400, Conshohocken, PA 19428; 484-351-4000, Fax 484-351-4001.
Samuels & Associates is preleasing Blue Back Square, a 600,000 sq.ft. mixed-use development located at the intersection of Farmington Avenue and South Main Street in West Hartford, CT. Opening is slated for Fall 2007. The center will comprise 200,000 sq.ft. of retail space, 165,000 sq.ft. of office space and 185,000 sq.ft. of residential space. Tenants include Crate & Barrel, Barnes & Noble, Criterion Cinemas, Whole Foods, REI and Flemings. The center also will consist of renovating historic buildings, while relocating and consolidating municipal spaces. Area demographics include a population of 239,254 within five miles earning $59,963 as the average household income. For more information, contact Samuels & Associates, 333 Newbury Street, Boston, MA 02115; 617-247-3434, Fax 617-247-8788; Web site: www.samuelsre.com.
Commercial Real Estate Services is preleasing Dominion Commons, a 325,000 sq.ft. center located at the intersection of Dominion Boulevard and Cedar Road in Chesapeake, VA. Opening is slated for the summer. The center will be anchored by Wal*Mart Supercenter. Area demographics include a population of 102,541 within five miles earning $66,094 as the average household income. The site has an average daily traffic count of 22,000 vehicles. Asking rent is $21 psf. The company also is preleasing Edinburgh Commons, a Target-anchored center located at the intersection of Chesapeake Expressway and Hillcrest Parkway in Chesapeake, VA. The company also is preleasing Red Mill Walk, a center located at the intersection of Upton Drive and Sandbridge Road in Virginia Beach, VA. For more information, contact Commercial Real Estate Services, 1081 19th Street, Suite 202, Virginia Beach, VA 23451; 757-491-1990, Fax 757-491-7588; Email: mollie@cres-va.com.
Faison is developing Settlers Ridge, a 625,000 sq.ft. lifestyle center located in Pittsburgh, PA. Opening is slated for the fall 2007. For more information, contact Drew Gorman, Faison, 7920 Norfolk Avenue, Suite 800, Bethesda, MD 20814; 240-497-0523.
Pinncon, LLC is developing Blue Hill Commons, a center located in Canton, MA. Once completed, the project will consist of 54 one and two-bedroom condominium units and 27,000 sq.ft. of office and retail space. The center will be situated on a land area of three acres. For more information, contact Christine Quinlan, The Pinnacle Cos., 101 Campanelli Drive, Braintree, MA 02184; 617-770-7700 Ext. 25.
Preferred Development is preleasing Marshfield Marketplace, a 250,000 sq.ft. center located at the intersection of 119th Street and Marshfield in Calumet Park, IL. The open-air, mixed-use center has three to seven inline spaces available ranging from 20,000 sq.ft. to 150,000 sq.ft. and four outlots ranging in size from 33,000 sq.ft. to 66,000 sq.ft. Opening is slated for spring 2008. Area demographics include a population within three miles earning $57,091 as the average household income. The site has an average daily traffic count of 145,000 vehicles. Area retail includes Target and Home Depot. For more information, contact Joe Padorr, Preferred Development, 141 West Jackson Boulevard, Suite 3540, Chicago, IL 60604; 312-327-2700, Fax 312-987-1101; Email: joe@preferreddevelopment.com; Web site: www.preferreddevelopment.com.
CB Richard Ellis/Harrisburg is preleasing Center at Rocky Meadows, a center located at the intersection of Interstate 81 and Allen Road in Cumberland County, PA. The center is situated on a land area of 60 acres. Half of the property is currently used as an 18-hole golf course and the remainder is undeveloped. The proposed center will include mixed-use retail, hotel, office and business park development. The company also is preleasing a land area of two acres on the west shore of Harrisburg, PA. The site is adjacent to a 450,000 sq.ft. center under construction that will be tenanted by Wegmans and Target. For more information, contact CB Richard Ellis/Harrisburg, 212 Locust Street, Suite 300, Harrisburg, PA 17101; 717-238-9696; Emails: william.aiello@cbre.com, george.lulos@cbre.com and daniel.naylor@cbre.com.
Courtelis Co. is preleasing the following centers: Ave Maria Town Center located in Ave Maria, FL. Opening is slated for spring 2007. The company also is preleasing Shops at Bella Vista, a center located in Broomfield, CO. For more information, contact Courtelis Co., 703 Waterford Way, Miami, FL 33126; 305-261-4530; Web site: www.courtelis.com.
Vanick Properties, Inc. is developing the following centers in NJ: Evergreen Plaza Shopping Center located in Lumberton. The 89,000 sq.ft. center is slated to add 100,000 sq.ft. of new retail space, as well as two 10,000 sq.ft. pad sites; and Naval Crest Center located in Middlesex. The 60,000 sq.ft. center is planning to add 140,000 sq.ft. of new retail space; 200,000 sq.ft. of residential space and 60,000 sq.ft. of office space. For more information, contact Nick Aynilian, Vanick Properties, Inc., 381 Broadway, Westwood, NJ 07675; 201-666-7710, Fax 201-666-7714; Email: info@vanickproperties.com.
Veranda Partners is developing Veranda Park, a 1.6 million sq.ft. mixed-use development located in Orlando, FL. The center will include 300,000 sq.ft. of specialty retail and restaurants, a 20-screen movie theater and 500 luxury residential condominiums. The center also will have 40,000 sq.ft. of Class A office condominiums. Area demographics include a population of 225,000 within five miles earning $88,000 as the average household income. Opening is slated for 2007. For more information, contact Veranda Partners, 1701 Park Center Drive, Orlando, FL 32835; 407-822-0585, Fax 407-822-0941; Web site: www.verandapark.com.
First Rockford Group, Inc. is preleasing Perryville Crossings, a 51,120 sq.ft. center located at the intersection of Perryville and Mill Roads in Rockford, IL. Opening is slated for September. The center has spaces available of 1,200 sq.ft. to 20,000 sq.ft. and is anchored by David’s Bridal. Cotenants include Wine Styles, After Hours Formalwear, Panera Bread and Chipotle. Asking rent is $18 psf with CAM and taxes of $4.25 psf. Area retail includes Barnes & Noble, Sam’s Club 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 78,100 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 25,500 sq.ft. Area demographics include a population of 80,335 within five miles earning $73,824 as the average household income. Asking rents range from $20 psf to $30 psf with CAM and taxes of $4 psf. 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.
Vanguard Realty is preleasing The Siena, a mixed-use center with 38,000 sq.ft. of retail located on Church Street in Montclair, NJ. Opening is slated for fall 2008. Tenants will include New York Sports Club, Patagonia, Ecco Bella, Simplice, Kidding Around and Culture Couture. Area demographics include a population of 181,440 within three miles earning $90,263 as the average household income. The company also is preleasing Bald Eagle Suites, a 50,000 sq.ft. mixed-use center located at the intersection of Ringwood Avenue and 2nd Street in Wanaque, NJ. Opening is slated for spring 2007. Area demographics include a population of 25,723 within five miles earning $70,485 as the average household income. Market rent is $26 psf. For more information, contact Neal Richards, Vanguard Realty, 195 Columbia Turnpike, Florham Park, NJ 07932; 973-443-9700 Ext. 15, Fax 973-966-0123; Email: realnj@vanguardsite.com; Web site: www.vanguardsite.com.
Edens & Avant is preleasing Lexington Pavilion, a 230,000 sq.ft. center located along Highway 378 in Lexington, SC. Opening is slated for July 2007. The center will be anchored by a 127,000 sq.ft. Target and will be situated on a land area of 37 acres. The center also will include three junior anchors, as well as several smaller retailers. For more information, contact Edens & Avant, 900 Bank of America Plaza, 1901 Main Street, Columbia, SC 29201; 803-779-4420, Fax 803-765-0684; Web site: www.edensandavant.com.
Petrie Ross Ventures is developing Centre at Edgewater, a center located at the intersection of Route 2 and Highway 665 in Edgewater, MD. The center is the redevelopment of an existing Safeway supermarket. The five-acre site has a GLA of 45,940 sq.ft., including one pad site of 3,468 sq.ft. Opening is slated for the summer. Area demographics include a population of 84,526 within five miles earning $84,218 as the average household income. For more information, contact Petrie Ross Ventures, 170 Jennifer Road, Suite 300, Annapolis, MD 21401; 410-573-3800, Fax 410-573-3801. Or contact Nancy E. Catron, Catron Real Estate, 2905 Mitchellville Road, Suite 205, Bowie, MD 20716; 301-249-6673; Email: nancy@catronrealestate.net.
Bond Cos. is developing Naperville Shopping Center, a 213,000 sq.ft. center located at the intersection of 75th Street and Fort Hill Drive in Naperville, IL. The site has an average daily traffic count of 77,100 vehicles. The center has spaces available of 1,000 sq.ft. to 27,000 sq.ft., as well as outlots of 0.91 acres, 0.94 acres, 1.31 acres and 1.35 acres. Opening is slated for the first quarter of 2008. Area demographics include a population of 232,158 within five miles earning $108,512 as the average household income. The center is anchored by Whole Foods. Area retail includes Home Depot, Lowe’s Home Improvement and Costco. For details, contact John Ruthven, Bond Cos., 350 West Hubbard Street, Suite 450, Chicago, IL 60610; 312-853-0070, Fax 312-670-0408; Email: jruthven@bondcompanies.com; Web site: www.bondcompanies.com.
NAI Pyramid Brokerage Co. is preleasing The Shops at Hampton Ridge, a center located on West Ridge Road in Greece, NY. Phase I is now leasing, while Phase II is slated to open later this year. The center is anchored by Kohl’s. For more information, contact John Manilla, NAI Pyramid Brokerage Co., 255 Woodcliff Drive, Fairport, NY 14450; 585-248-9426, Fax 585-248-3981; Web site: www.pyramidbrokerage.com.
The Leslie Group is preleasing Newark Market Place City, a center located on State Route 16 in Newark, OH. The center is shadow-anchored by Meijer. Area demographics include a population of 66,924 within five miles earning $44,692 as the average household income. The site has an average daily traffic count of 33,500 vehicles. Area retail includes Wal*Mart Supercenter, Kroger, Tractor Supply Company, Home Depot and Kohl’s. For more information, contact Kevin Thaxton, The Leslie Group, 5060 Parkcenter Avenue, Suite B, Dublin, OH 43017; 614-760-8705, Fax 614-760-0705.
Trout, Segall & Doyle is preleasing a 290,000 sq.ft. center located at the intersection of East Tevis Street and Legge Boulevard in Winchester, VA. The center is situated on a land area of 34 acres. Construction is expected to begin during March 2007. Area retail includes Wal*Mart, Home Depot, Target, Lowe’s Home Improvement, Kohl’s, Old Navy, Borders Books & Music, Circuit City and Michaels. For more information, contact Mark G. Segall, Trout, Segall & Doyle, 2 Village Square, Suite 219, Baltimore, MD 21210; 410-435-4000, Fax 410-435-4277; Email: acrosby@troutsegall.com; Web site: www.troutsegall.com.
Galaxy Development Group is developing the following sites: a center located across from Kohl’s on Route 83 in Manchester, CT; a 23,000 sq.ft. center located at the intersection of Route 12 and Route 101 in Dayville, CT; a 20,000 sq.ft. center located in Cromwell, CT; a 20,000 sq.ft. center located in Enfield, CT; a 65,000 sq.ft. center located at the intersection of Route 17 and Route 147 in Durham, CT; a 34,000 sq.ft. center located adjacent to a Super Stop & Shop in Colchester, CT and two sites in Worcester, MA. For more information, contact Michael O’Brien, Galaxy Development Group, LLC, 30 Lafayette Square, Suite 116, Vernon, CT 06066; 860-870-0111, Fax 860-870-1101; Email: mike@galaxydevelopment.net.
The Festival Cos. is preleasing El Centro Huntington Park, an 880,000 sq.ft. center located in Huntington Park, CA. The company also is redeveloping Westdale Mall, a 910,000 sq.ft. center located in Cedar Rapids, IA. The company also is redeveloping Royal Hawaiian Shopping Center, a 297,000 sq.ft. retail and entertainment center located in Waikiki, HI. For more information, contact The Festival Cos., 9841 Airport Boulevard, Suite 700, Los Angeles, CA 90045; 310-665-9600, Fax 310-665-9600; Web site: www.festivalcos.com.
R.J. Brunelli & Co. is preleasing Summerhill Square, a proposed 140,000 sq.ft. center located on Route 18 in East Brunswick, NJ. Opening is slated for the Spring. The center has spaces available of 2,000 sq.ft. to 80,000 sq.ft. Area demographics include a population of 209,759 within five miles earning $77,117 as the average household income. Area retail includes Borders Books, Barnes & Noble, Toys “R” Us, Ethan Allen, Sports Authority, OfficeMax, T.J. Maxx, Kohl’s, Circuit City, Macy’s, Old Navy, JCPenney, A.C. Moore, Loehmann’s, Best Buy, Party City, Dick’s Sporting Goods and Lowe’s Home Improvement. For more information, contact R.J. Brunelli & Co., 400 Perrine Road, Suite 405, Old Bridge, NJ 08857; 732-721-5800, Fax 732-721-9241; Web site: www.njretailrealty.com.
Tri-Land Properties, Inc. is redeveloping Century Plaza, a 450,000 sq.ft. center located at the intersection of U.S. Route 30 and Broadway in Merrillville, IN. Tenants include Panera Bread, Golden Corral, Burlington Coat Factory, Portillo’s and Old Time Pottery. For more information, contact Tri-Land Properties, Inc., One Westbrook Corporate Center, Suite 520, Westchester, IL 60154; 708-531-8210; Web site: www.trilandproperties.com.
Transcan Development, LLC is developing Canyon Crossings, a 90-acre mixed-use project located at the intersection of Interstate 215 and 60 Freeways in Riverside, CA. Upon completion, the project will encompass more than 740,000 sq.ft. of retail, including a 230,000 sq.ft. Wal*Mart Supercenter and a mixture of other major retailers, specialty shops, restaurants and lifestyle venues. The project will also include 144,000 sq.ft. of Class A office space. The center will be cotenanted by John’s Incredible Pizza, LA Fitness, Wickes Furniture and Staples. The company also is developing County Crossings, a 1.5 million sq.ft. center located at the intersection of Highway 4 and Highway 160 in Antioch, CA. The center is situated on a land area of 200 acres. For more information, contact Transcan Development, LLC, 3189 Danville Boulevard, Suite 245, Alamo, CA 94507; 925-552-9742, Fax 925-552-9748; Email: admin@transcanllc.com.
Swanson Developments, LP is preleasing 1,200 sq.ft. to 500,000 sq.ft. of retail and selling 0.25 acres to 1,000 acres of city approved development land for sale in Rutherford County, TN. For more information, contact Swanson Developments, LP, 1188 Park Avenue, Murfreesboro, TN 37127; 615-896-0000, Fax 615-895-0000.
Grubb & Ellis/Harrison & Bates is preleasing a center located at the intersection of Ashland Junction Drive and Hill Carter Parkway in Ashland, VA. The center has space available of 16,800 sq.ft. and is located near a Wal*Mart Supercenter and Ashland Square Shopping Center. Area demographics include a population of 123,284 within 10 miles earning $71,574 as the average household income. For more information, contact Susan Jones or Allyson Petty, Grubb & Ellis/Harrison & Bates, 6606 West Broad Street, Suite 400, Richmond, VA 23230-1027; 804-788-1000 Ext. 266/352; Emails: susan.jones@harrison-bates.com and allyson.petty@harrison-bates.com.
The Schultz Organization is preleasing The Gateway at Carteret, a mixed-use center located at the intersection of Lower Roosevelt Avenue and Terminal Avenue in Carteret, NJ. The project includes eight properties with 43,400 sq.ft. of retail spaces. Opening is slated for the spring. Area demographics include a population of 93,385 within five miles earning $62,644 as the average household income. Asking rent is $23 psf NNN. 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.
Zamias Services, Inc. is preleasing HT Commons, a 205,000 sq.ft. Wal*Mart Supercenter-anchored center located in Tamaqua, PA. Opening is slated for spring 2007. The center will include 48,000 sq.ft. of small shop space, with units available from 1,200 sq.ft. to 10,000 sq.ft. Outparcels are also available. The company also is preleasing The Village at Pittsburgh Mills, a center located on Route 28, adjacent to the 1.1 million sq.ft. Galleria of Pittsburgh Mills, in Tarentum, PA. The 173,729 sq.ft. center will consist of seven big box locations, ranging in size from 10,000 sq.ft. to 30,187 sq.ft., a small shop area totaling 19,733 sq.ft. and two outparcels. Opening is slated for spring 2007. Area retail includes Sam’s Club, Wal*Mart Supercenter and Lowe’s Home Improvement. The company also is preleasing Pittston Crossings, a 402,000 sq.ft. center located in Pittston, PA. The center is anchored by Wal*Mart and is slated to open during spring 2007. The center will include 51,200 sq.ft. of small shop space, with sizes ranging from 1,200 sq.ft. to 7,685 sq.ft. The site also has 3.9 acres of available outparcels. The company also is preleasing an addition to The Colonnade, a center located in State College, PA. The center is anchored by Target, Dick’s Sporting Goods, Michael’s, Wegman’s Supermarket, Circuit City, Petco and Party City. The new section, which is projected for a Spring 2007 opening, will have a GLA of approximately 135,000 sq.ft. The company also is preleasing Taylor Commons, a 355,000 sq.ft. center located in Taylor, PA. Opening is slated for Spring 2007. The center will include 64,000 sq.ft. of small shop space available, with sizes ranging from 1,400 sq.ft. to 13,300 sq.ft., as well as 18.2 acres of outparcels. For more information, contact Perry Russ, Zamias Services, Inc., 2334 Oakland Avenue, Indiana, PA 15701; 814-532-6186; Email: pruss@zamias.net.
The Goodman Co. is developing the following centers: Landstown Commons, a 500,000 sq.ft. center located in Virginia Beach, VA. Opening is slated for Spring 2007; North Park Commons, a 500,000 sq.ft. center located in Chattanooga, TN. Opening is slated for Spring 2007; The Whisper of the River, a 350,000 sq.ft. center located in Atlanta, GA. Opening is slated for Summer 2007; The Shops at Lane Avenue, a 150,000 sq.ft. center located in Jacksonville, FL. Opening is slated for Fall 2007; Freedom Commerce Centre, a 600,000 sq.ft. center located in Jacksonville, FL. Opening is slated for Fall 2007; Wiregrass Ranch, a 500,000 sq.ft. power center located in Tampa, FL. Opening is slated for Fall 2007; The Shops at Wiregrass, a 750,000 sq.ft. center located in Tampa, FL. Opening is slated for Fall 2007 and Boca Raton Lifestyle Center, a 350,000 sq.ft. center located in Boca Raton, FL. Opening is slated for Fall 2008. For more information, contact The Goodman Co., Phillips Point, East Tower, 777 South Flagler Drive, Suite 1101, West Palm Beach, FL 33401; 561-833-3777, Fax 561-832-4833; Email: info@thegoodmancompany.com.
The Triad Group is preleasing Vernon Valley Plaza, an 80,000 sq.ft. center located at the intersection of Interstate 86 and Route 83 in Vernon, CT. The center is situated on a land area of seven acres and has spaces available of 75,000 sq.ft., as well as two outlots of one acre and two acres. Area demographics include a population of 19,750 within five miles earning $52,200 as the average household income. Asking rent is $15 NNN. For more information, contact Gary S. Rothfopf, The Triad Group, 930 Commonwealth Avenue South, Boston, MA 02215; 888-TRIAD-01, Fax 617-264-6292; Email: gary@thetriadgroup.com.
Metro Developers, Inc. is preleasing Lawrel Hill Village, a 100,000 sq.ft. center located at the intersection of U.S. Highway 17, State Highway 204 and Little Neck Road in Savannah, GA. The center is situated on a land area of 12 acres. Area demographics include a population of 79,381 within 7.5 miles earning $62,691 as the average household income. Asking rent is $18 psf with CAM of $2 psf and taxes of $0.65 psf. For more information, contact Andrew Feiler, Metro Developers, Inc., 120 Habersham Street, Savannah, GA 31401; 404-582-0590, Fax 404-582-0591; Email: abf@mindspring.com.
Sansone Group is preleasing Plaza on the Boulevard, a 350,000 sq.ft. center located at the intersection of West Florissant Road and Lucas & Hunt Road in Jennings, MO. The center has spaces available of 1,600 sq.ft. and 18,000 sq.ft., as well as outparcels of 1.26 acres and 0.86 acres. Anchors include Target and Schnucks Supermarket. Asking rent is $20 psf with CAM of $2 psf and taxes of $2 psf. Opening is slated for October. The center is situated on a land area of 42 acres. For more information, contact David A. Willis, Sansone Group, 120 South Central Avenue, Suite 500, St. Louis, MO 63105; 314-727-6664, Fax 314-727-6101; Email: dwillis@sansonegroup.com.
Mattone Group is preleasing a 16,000 sq.ft. center located on Massapequa Sunrise Highway in Massapequa, NY. The center will be situated on a land area of one acre. Opening is slated for October. The company also is preleasing Springfield Gardens Pathmark Center, a 97,000 sq.ft. center located at the intersection of Springfield Boulevard and Merrick Boulevard in Queens, NY. The center is situated on a land area of 6.5 acres. For more information, contact Michael Mattone, Mattone Group, 134-01 20th Avenue, College Point, NY 11356; 718-353-5500, Fax 718-353-0704; Email: mmattone@mattonegroup.com.
Keegan & Coppin Co., Inc./ONCOR International is preleasing Capital Village, a 270,000 sq.ft. center located at the intersection of Zinfandel and International in Rancho Cordova, CA. The center is situated on a land area of 26 acres and is anchored by Downey Savings & Loan, Lowe’s Home Improvement and Chili’s. Cotenants include Rubio’s. Asking rents range from $18 psf to $42 psf with CAM of $4 psf and taxes of $1.50 psf. Opening is slated for January 2007. The company also is preleasing Deer Creek Plaza, a 322,000 sq.ft. center located at the intersection of Rainier and Highway 101 in Petaluma, CA. The center is situated on a land area of 36 acres and has spaces available of 1,500 sq.ft.; 5,000 sq.ft. and 20,000 sq.ft. and is anchored by Lowe’s Home Improvement, T.J. Maxx & More and Bed Bath & Beyond. Cotenants include Chili’s and Sleep Train. Asking rents range from $20 psf to $42 psf with CAM of $4.50 psf and taxes of $1.50 psf. Opening is slated for the fourth quarter of 2007. For more information, contact Thomas Laugero, Keegan & Coppin Co., Inc./ONCOR International, 1355 North Dutton Avenue, Suite 100, Santa Rosa, CA 95401; 707-528-1400 Ext. 151, Fax 707-524-1419; Email: tlaugero@keegancoppin.com; Web site: www.keegancoppin.com.
Eastern Net Lease Advisors is preleasing Chestnut Green, a 60,000 sq.ft. center located at the intersection of Route 140 and Chestnut Street in Foxboro, MA. Opening is slated for next year. The center is anchored by Walgreens and is situated on a land area of six acres. Area retail includes Stop & Shop. Asking rent is $24 psf with CAM of $2 psf and taxes of $1.50 psf. For more information, contact Michael O’Mara, Eastern Net Lease Advisors, 21 Oak Street, Medway, MA 02053; 508-321-1422, Fax 508-321-1344; Email: mike@eastern1031.net; Web site: www.eastern1031.net.
PK Partners, LLC is preleasing The Shoppes at 54th Street, a 24,027 sq.ft. center located at the intersection of 54th Street and Keystone Avenue in Indianapolis, IN. Opening is slated for this month. Anchors include AutoZone, Harris Tires, Rally’s and Simply Fashions. Area demographics include a population of 229,964 within five miles earning $42,449 as the average household income. The site has an average daily traffic count of 48,000 vehicles. Asking rents range from $17 psf to $19 psf. For more information, contact Keith Fried, PK Partners, LLC, 3815 River Crossing Parkway, Suite 150, Indianapolis, IN 46240; 317-817-8888, Fax 317-817-8884; Email: kfried@pkpartners.com.
Wolfson-Verrichia Group, Inc. is preleasing the following centers: Oak Tree Plaza, a 250,000 sq.ft. Wal*Mart center located at the intersection of Fire Road and Black Horse Pike in Egg Harbor Township, NJ. Opening is slated for summer 2007; Aramingo Crossings, a 329,408 sq.ft. Lowe’s Home Improvement-anchored center located at the intersection of Aramingo Avenue and Butler Street in Philadelphia, PA. Opening is slated for spring 2007; MacDade Mall, a 275,000 sq.ft. center located at the intersection of MacDade Boulevard and Glenside Avenue in Holmes, PA; Drumore Crossings, a 385,000 sq.ft. center located at the intersection of Routes 372 and 272 in Drumore Township, PA. Opening is slated for fall 2008; and Maiden Creek Crossings, a 458,000 sq.ft. Giant-anchored center located at the intersection of Route 222 and Schaeffer Road in Kutztown, PA. Opening is slated for Fall 2007. For more information, contact Wolfson-Verrichia Group, Inc., Meetinghouse Business Center, 120 West Germantown Pike, Suite 120, Plymouth Meeting, PA 19462; 610-277-8899, Fax 610-277-8880.
Dial Properties is developing Cimmaron Plaza, a center situated on a land area of 16 acres at the intersection of 42nd Street and Osborne Drive West in Hastings, NE. The center will include 87,000 sq.ft. of retail space. Opening is slated for the Fall. The center, which is shadow-anchored by a Wal*Mart Supercenter, consists of 65,000 sq.ft. of inline space and three outparcel buildings, each approximately 7,200 sq.ft. There are also four outlots available ranging from 0.75 acres to 1.2 acres. Dial Properties and Clary Development are preleasing Constitution Trail Centre, a 450,000 sq.ft. center situated on a land area of 76 acres at the intersection of North Main Street and Interstate 55 in Normal, IL. The center is anchored by Schnucks and a 14-screen movie theater. Opening is slated for February 2007. For more information, contact Leslie Guzinski, Dial Properties Co., 11506 Nicholas Street, Suite 100, Omaha, NE 68154; 402-493-2800, Fax 402-493-8069; Email: lguzinski@dialproperties.com.
The Broadbent Co. is preleasing The Shoppes at 141st Street, a center located at the intersection of 141st Street and State Route 37 in Fishers, IN. The project includes 40,864 sq.ft. of inline space, as well as three outlots. The company also is preleasing Fleming Island Shoppes, a center located at the intersection of Highway 17 and Village Square Parkway in Jacksonville, FL. The center is situated on a land area of 13.67 acres and has spaces available of 1,420 sq.ft. and up. Opening is slated for the Fall. The site has an average daily traffic count of 34,000 vehicles. For more information, contact David A. Cheslyn or Drew Kelly, The Broadbent Co., 201 North Illinois Street, 23rd Floor, Indianapolis, IN 46204-1950; 317-237-2900, Fax 317-237-2912; Email: dkelly@broadbentco.com. For more information regarding Fleming Island Shoppes, contact Joe Kenney or Tim Baker at 317-237-2900; Emails: jkenney@broadbentco.com and tbaker@broadbentco.com.
Vandercar is preleasing Florence Marketplace, a center located at the intersection of Houston Road and Kieley Drive in Florence, KY. Opening is slated for September. The center has spaces available of 1,404 sq.ft.; 1,888 sq.ft. and 2,222 sq.ft. and is anchored by Wal*Mart Supercenter. Area demographics include a population of 439,455 within 10 miles earning $41,242 as the average household income. The site has an average daily traffic count of 26,000 vehicles. Asking rent is $22 psf with CAM of $3 psf. The company also is preleasing Shoppes of Deerfield North, an 8,995 sq.ft. center located at the intersection of Mason Montgomery Road and Bowen Drive in Mason, OH. Opening is slated for September. The center is tenanted by Starbucks. Area demographics include a population of 116,246 within five miles earning $81,496 as the average household income. The site has an average daily traffic count of 45,000 vehicles. Asking rent is $29 psf with CAM of $3 psf. Area retail includes Wal*Mart, Lowe’s Home Improvement, Home Depot, Kroger, Meijer, Sam’s Club and Staples. For more information, contact Ben Hall, Vandercar, 5027 Madison Road, Suite 200, Cincinnati, OH 45227; 513-272-0541, Fax 513-272-3555; Email: benjaminwhall@aol.com. |