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New Construction
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New Construction Desert Viking Properties, LLC is preleasing The Village & Shops at San Marcos, a 15-acre mixed-use development located in downtown Chandler, AZ. Opening is slated for next year. The project will include national and local retailers, restaurants and office space. The center will have a GLA of 230,000 sq.ft., with spaces available starting at 1,000 sq.ft. Demographics include a trade-area population of 238,000 earning $71,456 as the average household income. For more information, contact Desert Viking Properties, LLC, 101 West Commonwealth Avenue, Chandler, AZ 85225; 480-659-3840, Fax 480-659-3842.
Main Street Property Services, Inc. is preleasing a mixed-use project with 21,000 sq.ft. of retail and 237 residential units located at the intersection of 12th Street and MacDonald Avenue in Richmond, CA. The center will be anchored by Food 4 Less and Walgreens. Opening is slated for Spring 2008. Area demographics include a population of 214,782 within five miles earning $73,532 as the average household income. For more information, contact Craig Semmelmeyer, Main Street Property Services, Inc., 985 Moraga Road, Suite 202, Lafayette, CA 94549; 925-299-8170, Fax 925-284-2331; Web site: www.mspsinc.com.
Commercial West Brokerage is preleasing Providence Center, a project located at the southwest corner of Bastanchury Road and Laguna Road in Fullerton, CA. Opening is slated for the third quarter of 2007. The site is an 84,000 sq.ft., three-story medical building with retail on the ground floor and an 8,000 sq.ft. freestanding building. The retail will include 4,400 sq.ft. for a full-service restaurant and 1,200 sq.ft. to 3,600 sq.ft. for quick-serve restaurants, retail space or services. The site has an average daily traffic count of 34,600 vehicles. Area demographics include a population of 169,247 within three miles earning $70,224 as the average household income. The company also is preleasing Imperial Promenade, a center located at the southeast corner of Imperial Highway and Idaho Street in La Habra, CA. The project will be a single or multi-tenant-anchored center and will have spaces available of 1,200 sq.ft. to 15,000 sq.ft. The site has an average daily traffic count of 126,750 vehicles. Area demographics include a population of 428,177 within five miles earning $74,504 as the average household income. The center will be anchored by a proposed Target. Area retail includes Kohl’s, T.J. Maxx, Wal*Mart, 24-Hour Fitness, Sportmart, Sam’s Club, Lowe’s Home Improvement and OfficeMax. The company also is preleasing The District, a 5,600 sq.ft. center located at the intersection of Colorado Boulevard and Kinneloa Avenue in Pasadena, CA. Area demographics include a population of 162,097 within three miles earning $83,210 as the average household income. Area retail includes Target. The center has spaces available of 1,000 sq.ft. to 3,600 sq.ft. For more information, contact Sierra Falso, Commercial West Brokerage, 2443 East Coast Highway, Corona Del Mar, CA 92625; 949-723-7300 Ext. 13.
The Piken Co. is developing a mixed-use center located on Fairfax Avenue in Los Angeles, CA. Opening is slated for the fourth quarter of 2007. Spaces available range from 1,030 sq.ft. to 15,500 sq.ft., as well as a restaurant space of 5,000 sq.ft. The development will also include approximately 93 apartments. Area demographics include a population within one mile earning $50,000 as the median household income. The company also is developing Mosaic, a 16,500 sq.ft. center located on Ventura Boulevard in Sherman Oaks, CA. The center has spaces available of 1,500 sq.ft. up to 6,300 sq.ft., including a 10,200 sq.ft. restaurant space. Area demographics include a population within one mile earning $58,000 as the median household income. Area retail includes Gelsons, Ralphs, Fashion Square and Sherman Oaks Galleria. For more information, contact Scott Roberts, Kim Sims or Robert Piken, The Piken Co., 12725 Ventura Boulevard, Suite A, Studio City, CA 91604; 818-755-2700 Ext. 134/135; Web site: www.piken.com.
Retail Net Lease Properties, Inc. is preleasing a center located at the intersection of 10th Street West and Avenue L in Lancaster, CA. The site has an average daily traffic count of 50,674 vehicles. Carl’s Jr. has a pad site at the project. Area demographics include a population of 156,902 within three miles earning $62,334 as the average household income. Area retail includes Costco. For more information, contact Eric Knudson, Retail Net Lease Properties, Inc., 360 North Sepulveda Boulevard, Suite 1020, El Segundo, CA 90245; 310-252-7656, Fax 310-414-0040; Email: eric@rnlp.biz.
Interstate Realty is preleasing Willowbrook Marketplace, a 600,000 sq.ft. power center located at the intersection of Willowbrook Road and Interstate 68 in Cumberland, MD. Opening is slated for July 2008. Demographics include a trade-area population of 250,000. Rent and CAM are negotiable. Taxes are $2.00 psf. LaVale Mall is cited as competition. Area retailers include Wal*Mart. For more information, contact Mary H. Johnson, Interstate Realty, 2151 Volunteer Parkway, Bristol, TN 37605; 423-956-9667, Fax 423-764-9121; Email: mary@ira-realty.com; Web site: www.ira-realty.com.
Colliers International, Inc. is preleasing Firestone Village & Shops, a mixed-use project comprised of an 18,090 sq.ft. retail center and 47 townhouses located on Firestone Boulevard in South Gate, CA. Area demographics include a population of 247,940 within three miles earning $42,334 as the average household income. The center has spaces available of 1,200 sq.ft. to 9,000 sq.ft. The site has an average daily traffic count 35,000 vehicles. The company also is preleasing The Dunes Center, a 22,710 sq.ft. center located on Highway 111 in La Quinta, CA. Area demographics include a population of 148,398 within five miles earning $73,667 as the average household income. The site has an average daily traffic count of 55,000 vehicles. Area retail includes Wal*Mart Supercenter, Sam’s Club, Costco, Home Depot, IHOP, Smart & Final, 99 Cents Only and Jack In The Box. Spaces available range from 1,000 sq.ft. to 10,200 sq.ft., as well as two drive-thru pad sites. For more information, contact Armando Aguirre, Colliers International, Inc., 444 South Flower Street, Suite 2200, Los Angeles, CA 90071; 213-532-3263, Fax 213-327-3230; Email: armando.aguirre@colliers.com; Web site: www.colliers.com.
For more information, contact Tom Torabi or John Villanueva, Lee & Associates Commercial Real Estate Services, 1411 West 190th Street, Suite 450, Gardena, CA 90248; 310-768-8800 Ext. 224/202; Emails: ttorabi@lee-associates.com and jvillanueva@lee-associates.com; Web site: www.lee-associates.com. For more information regarding Yucaipa Centerpointe or Waterman Plaza, contact Jeff Stanley, Nick Wirick or Katherine Hunt, Lee & Associates Commercial Real Estate Services, 951-276-3645.
PHD Properties, Inc. is preleasing Silverado Plaza, a center located at the intersection of Interstate 215 and Windmill in Las Vegas, NV. Opening is slated for April 2007. Lease rates start at $2.25 psf monthly NNN. For more information, contact Phil Davis or Jimmy Tygh, PHD Properties, Inc., 3225-B South Rainbow Boulevard, Suite 206, Las Vegas, NV 89146; 702-873-1167, Fax 702-306-4984; Web site: www.phdproperties.com.
Fritz Duda Co. is developing TownGate Promenade, a 140,000 sq.ft. center located at Day Street, Campus Parkway, Town Circle and Gateway Drive in Moreno Valley, CA. The center is part of TownGate, a 590-acre mixed-use, master planned community. The center will be tenanted by Mimi’s Café, Applebee’s, Johnny Carino’s, Famous Dave’s and On The Border. Area retail includes Costco, Bakers Burgers and Panda Express. Demographics include a trade-area population of 193,522 earning $68,899 as the average household income. For more information, contact Fritz Duda Co., 3425 Via Lido, Suite 250, Newport Beach, CA 92663; 949-723-7100, Fax 949-723-1141; Web site: www.fritzduda.com.
Spinello Commercial Real Estate, Inc. is preleasing a proposed center located at the intersection of Palm Canyon Drive and Alejo Road in Palm Springs, CA. The site has an average daily traffic count of 31,000 vehicles. The center will be situated on a land area of four acres, will include 102 high-end modern condominiums and 21,000 sq.ft. of upscale retail along Palm Canyon Drive. For more information, contact Riley LeBrun, Spinello Commercial Real Estate, Inc., 760-318-7484 Ext. 229; Web site: www.spinellocompanies.com.
The Woodmont Co. is developing the following centers: Selma Crossing, a 300,000 sq.ft. center located in Selma, CA. Area retail includes Wal*Mart, Home Depot, JCPenney and OfficeMax. Demographics include a trade-area population of 168,283 earning $50,392 as the average household income. The company also is developing Bakersfield Gateway, a 900,000 sq.ft. center located at the northeast corner of SH-99 and Hosking Road in Bakersfield, CA. Area retail includes Office Depot and Lowe’s Home Improvement. The site has an average daily traffic count of 135,000 vehicles. For more information, contact The Woodmont Co., 2100 West 7th Street, Fort Worth, TX 76107-2306; 817-732-4000.
Fain Signature Group is preleasing Glassford Hill Marketplace, a 186,500 sq.ft. center located at the intersection of Glassford Hill Road and Florentine Road in Prescott Valley, AZ. Spaces available range from 1,500 sq.ft. to 20,000 sq.ft. The center is situated on a land area of 50 acres and is anchored by Wal*Mart Supercenter. Area demographics include a population of 38,570 within five miles earning $56,493 as the average household income. Groundbreaking is slated for 2007. Area retail includes Fry’s. For more information, contact Fain Signature Group, 3001 Main Street, Suite 2B, Prescott Valley, AZ 86312; 928-772-8844; Web site: www.fainsignaturegroup.com.
Murphy Land and Retail Services, Inc. is developing Super Target at Oakleaf on Argyle Forest Boulevard and Old Middleburg Road in Jacksonville, FL. Opening is slated for Summer 2007. Outparcels are available. Area retail includes Wal*Mart, Home Depot, Publix, Walgreens and Winn-Dixie. For more information, contact Murphy Land and Retail Services, Inc., 11555 Central Parkway, Suite 1102, Jacksonville, FL 32224; 904-645-0644; Email: cmurphy@murphylandretail.com.
Petrovich Development Co. is developing Woodland Gateway, a center located at the southeast corner of Interstate 5 and Road 102 in Woodland, CA. The center is anchored by Costco and Target. Opening is slated for Fall 2007 or Spring 2008. Phase I will have a GLA of 550,000 sq.ft., while Phase II will have a GLA of 500,000 sq.ft. and will include retail, hotels and an auto mall. Phase II is slated to open during 2009. Demographics include a trade-area population of 175,000 earning $68,919 as the average household income. The site has an average daily traffic count of 75,000 vehicles. The company also is developing Calvine Pointe, a 240,000 sq.ft. center located at the southwest corner of Calvine Road and Elk Grove Florin Road in Elk Grove, CA. Opening is slated for Fall 2007 or Spring 2008. Area demographics include a population of 235,377 within five miles earning $71,561 as the average household income. The site has an average daily traffic count of 75,000 vehicles. The center is anchored by Kohl’s. Area retail includes Safeway, Longs, 24 Hour Fitness and a proposed Home Depot. The company also is developing Riverside Crossing, a center located at the southeast quadrant of Riverside Avenue and Interstate 5 in Anderson, CA. The proposed center will have a GLA of 250,000 sq.ft. to 350,000 sq.ft. and will be situated on a land area of 30 acres. The site has an average daily traffic count of 47,000 vehicles. Demographics include a trade-area population of 89,200 earning $54,000 as the average household income. For more information, contact Lynn Gibson, Petrovich Development Co., 5046 Sunrise Boulevard, Suite 1, Fair Oaks, CA 95628; 916-966-4600 Ext. 216; Email: lynn@petrovichdevelopment.com. For more information regarding Riverside Crossing, contact Tim Seiler, Petrovich Development Co., 117 Town & Country, Suite C, Danville, CA 94526; 925-820-4300; Email: tim@petrovichdevelopment.com; Web site: www.petrovichdevelopment.com.
Halvorsen Development is preleasing Stonebridge Village, a 500,000 sq.ft. shopping center located on Interstate 985 and Spout Springs Road in Flowery Branch, GA. Opening is slated for Summer 2008. Five outparcels are available. Anchor tenants include a home improvement store, discount department store and a department store. Demographics include a population of 18,262 within three miles earning $72,964 as the average household income. The company is also preleasing West Jackson Crossing, a 68,785 sq.ft. shopping center on GA Highway 124 and GA Highway 332 in Jackson County, GA. The anchor tenant is Publix. Opening is slated for Winter 2007. Four outparcels are available. Demographics include a population of 6,205 within three miles earning $65,228 as the average household income. For more information, contact Halvorsen Development, 33 South East Forest Street, Boca Raton, FL 33432; 561-367-9200.
Jones Real Estate is preleasing a center located on La Habra Boulevard in La Habra, CA. The center will have spaces available of 882 sq.ft. to 4,068 sq.ft. and is shadow-anchored by Big Lots. Cotenants include Starbucks, H&R Block and Subway. For more information, contact Greg Jones, Jones Real Estate, 440 West Whittier Boulevard, La Habra, CA 90631; 562-697-3333 Ext. 21, Fax 562-697-9999; Email: greg@jonesre.net; Web site: www.jonesre.net.
Epsteen & Associates is preleasing a center located at the intersection of Agoura Road and Kanan Road in Agoura Hills, CA. The site has an average daily traffic count of 25,050 vehicles. The center is situated on a land area of 10 acres. Spaces available range from 1,200 sq.ft. to 12,000 sq.ft. Asking rents range from $3 psf to $3.75 psf monthly. Area demographics include a population of 81,811 within five miles earning $148,114 as the average household income. The company also is preleasing Camarillo Power Center, a 508,256 sq.ft. center located on the 101 Freeway near Las Posas Road in Camarillo, CA. Opening is slated for the fourth quarter of 2007. The site has an average daily traffic count of 140,00 vehicles. Area demographics include a population of 434,911 within 10 miles earning $84,120 as the average household income. The center is anchored by Kohl’s. Area retail includes Home Depot, Sports Authority, Target and Linens ‘N Things. For more information, contact David Morgan, Epsteen & Associates, 5034 Carpinteria Avenue, Carpinteria, CA 93013; 805-684-7767 Ext. 104, Fax 805-684-7776. |