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New Construction Cedarwood Development, Inc. is preleasing Armstrong County Commons, a 449,000 sq.ft. power center located at the intersection of Route 422 and Deer Run Road in East Franklin, PA. Opening is slated for fall 2009. Situated on 57 acres, the site has spaces available of 2,000 sq.ft. to 30,000 sq.ft. and outlots of one acre to four acres. Wal*Mart is planning to relocate to the center from an existing nearby location. The average daily traffic count is 16,000 vehicles. Area demographics include a population of 81,000 within 15 miles earning $49,000 as the average household income. Area retail includes Foodland Market, Shop N Save Market, Tractor Supply and D & K Stores. The company is also preleasing Butler Crossing, a 226,000 sq.ft. power center situated on 38 acres at the intersection of New Castle Road and Hindman Road in Butler, PA. Spaces of 2,000 sq.ft. to 25,000 sq.ft. are available, as well as outlots of 1.22 acres, 1.6 acres and 2.39 acres. Opening is slated for spring or summer 2008. Ross Dress for Less will anchor the site with cotenants including Office Depot, Michaels, Petco and Butler Regional Hospital Outpatient & Medical Office Complex. The average daily traffic count is 22,000 vehicles. Area demographics include a population of 163,000 within 15 miles earning $61,000 as the average household income. Area retail includes Butler Commons, Wal*Mart Supercenter, Target, Sam’s Club, Home Depot, Lowe’s Home Improvement, Giant Eagle Supermarket, Aldi Market, Staples and Regal Cinemas. For more information, contact David V. Ferron, Cedarwood
Development, Inc., 9 Loving Terrace, Lake Monticello, VA 22963; 434-591-0004,
Fax 434-591-0054; Mackenzie Retail, LLC is preleasing Stadium Town Center, located at the intersection of Interstate 95 and Technology Drive in Aberdeen, MD. Spaces of 6,500 sq.ft.; 10,000 sq.ft.; 18,000 sq.ft. and 24,000 sq.ft. are available. The 109,000 sq.ft. center has an average daily traffic count of 73,000 vehicles and is slated to open during the summer or fall of 2008. Area retail includes Home Depot, Target, Applebee’s and McDonald’s. Area demographics include a population of 189,493 within 10 miles earning $70,704 as the average household income. For more information, contact Deborah Haney, Mackenzie Retail, LLC, 2328 West Joppa Road, Suite 200, Lutherville, MD 21093; 410-821-8585, Fax 410-296-7506. Stafford Properties, Inc. is preleasing 278 Commercial Center, located at the intersection of Highway 278 and Highway 46 in Bluffton, SC. The 100,000 sq.ft. center has 45,000 sq.ft. available and is slated to open this summer. Best Buy and Barnes & Noble anchor the site, which has an average daily traffic count of 55,400 vehicles. Area demographics include a population of 20,548 within 10 miles earning $88,086 as the average household income. Area retail includes Target, Home Depot, Wal*Mart Supercenter, Lowe’s Home Improvement, Pier 1 Imports, World Market, Michaels, PetSmart and Ross Dress for Less. The company is also preleasing The Crossing of Beaufort, located at the intersection of SC 170 and SC 280 in Beaufort, SC. Opening is slated for this summer. The 13-acre site has an average daily traffic count of 39,300 vehicles. Area demographics include a population of 54,226 within seven miles earning $55,954 as the average household income. Area retail includes JCPenney, Belk, Wal*Mart Supercenter and Best Buy. The center will compete with Cross Creek Shopping Center. For more information, contact Kevin Donegan, Stafford
Properties, Inc., 3050 Peachtree Road Northwest, Suite 550, Atlanta, GA 30305;
404-256-9100, Fax 678-904-2853; NAI Mertz is preleasing a retail building on Route 70 in Cherry Hill, NJ that will have space of 9,744 sq.ft. at ground level and 19,488 sq.ft. on two levels. It will be adjacent to D&Q Plaza, tenanted by Danzeisen & Quigley. Opening is slated for this summer. Area demographics included a population of 238,953 earning $85,892 as the average household income. For more information, contact Marc Cutler or Rick Gordon, NAI
Mertz, First Commercial is preleasing Copperwood Center, a 120,000 sq.ft. grocery-anchored center in Lyon, MI located at the intersection of Johns Road and Ten Mile Road. Hillers Grocers, Rite Aid and Chase Bank will anchor the site. Nearby draws include a high school and residential developments. For more information, contact Glenwood Development Co. is preleasing Holly Crossing, a 24,200 sq.ft. strip center located at the intersection of Mt. Holly-Huntersville Road and Beatties Ford Road in Huntersville, NC. Space is available, divisible from 1,200 sq.ft. to 7,000 sq.ft., as well as an outlot of 1.41 acres. Opening is slated for the first quarter of 2008. The five-acre site has an average daily traffic count of 29,000 vehicles. Asking rent is $23 psf. Area retail includes Northlake Mall. Area demographics include a population of 64,931 within five miles earning $75,697 as the average household income. The company is also preleasing Shoppes @ Sam Furr, a 56,326 sq.ft. strip center located on Sam Furr Road in Huntersville, NC. Space of 29,126 sq.ft. is available and can be divided from 1,200 sq.ft. to 9,928 sq.ft. The seven-acre site has an average daily traffic count of 31,000 vehicles and is anchored by Office Depot. Cotenants include Raving Brands Restaurants and Martinizing Dry Cleaners. Opening is slated for the first quarter of 2008. Asking rent is $30 psf to $33 psf. Area retail includes Birkdale Village. Area demographics include a population of 63,000 within five miles earning $128,587 as the average household income. For more information, contact Kevin McCluskey, Glenwood
Development Co., 16740 Birkdale Commons, Huntersville, NC 28078; 704-996-2760,
Fax 704-897-1401; Thomas English Retail Real Estate, LLC is preleasing phase two of Garners Ferry Marketplace, a 126,000 sq.ft. power center situated on 16.7 acres located at the intersection of Interstate 77 and Garners Ferry Highway in Columbia, SC. Construction of the second phase will commence this summer. Space of 93,000 sq.ft. is available, as well as a 1.2-acre outlot and 2,400 sq.ft. in the phase one development which opened December 2006. Tenants include Ruby Tuesday, D’s Wings, Sally Beauty, Alltel, Citi Financial, Mattress Source and Butterfly Fitness. Area retail includes Wal*Mart Supercenter and Lowe’s Home Improvement. Asking rent is $22 psf for the 2,400 sq.ft. space in the phase one development. For more information, contact Thomas English, Thomas English
Retail Real Estate, LLC, 2325 Pointe Parkway, Suite 150, Carmel, IN 46032;
317-574-7448 Ext. 115, Fax 317-574-7471; |