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New Construction
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New Construction Colliers Arnold is preleasing Nature Coast Commons, a 350,000 sq.ft. power center located at the intersection of U.S. Highway 19 and Spring Hill Drive in Spring Hill, FL. Anchor, junior anchor, outparcels and inline spaces are available with JCPenney anchoring the site. The average daily traffic count is 65,000 vehicles. Area demographics include a population of 105,705 within seven miles earning $46,842 as the average household income. Area retail includes a Wal*Mart Supercenter.For more information, contact Jim Kovacs or Lisa McCaffrey,
Colliers Arnold, 4350 West Cypress Street, Suite 300, Tampa, FL 33607;
813-221-2290, Fax 813-224-9403; Crosland, Inc. is preleasing The Shoppes at Richmond Centre, a 120-acre project located at the intersection of Barnes Mill Road, Interstate 75 and Goggins Lane in Richmond, KY. The center will be anchored by Meijer, JCPenney, Home Depot and Kohl’s and is slated to open October 2008. For more information, contact Charles Thrift, Crosland, Inc.,
227 West Trade Street, Suite 800, Charlotte, NC 28202; 704-561-5222; Commercial Retail Advisors is preleasing Heritage Plaza Shops, a strip center located at the intersection of Ina Road and Shannon Road in Tucson, AZ. There are spaces available of 1,200 sq.ft. to 5,000 sq.ft., with an opening slated for the second quarter of this year. Area demographics include a population of 251,841 within five miles earning $44,730 as the average household income. Area retail includes L.A. Fitness and Blockbuster Video. Asking rent is $26 psf to $30 psf plus CAM of $5 psf. The company is also preleasing Cortaro Crossing, a 20,000 sq.ft. strip center located at the intersection of Arizona Pavilions Drive and Cortaro Road in Tucson, AZ. The center has spaces available of 1,200 sq.ft. to 10,000 sq.ft. Area demographics include a population of 223,143 within 10 miles earning $58,069 as the average household income. Area retail includes Arizona Pavilions, anchored by Wal*Mart and Kohl’s. The average daily traffic count is 104,700 vehicles. Asking rent is $24 psf to $26 psf plus CAM of $5 psf. For more information, contact Linda Montani, Commercial
Retail Advisors, 2990 North Campbell Avenue, Suite 330, Tucson, AZ 85719;
520-290-3200, Fax 520-751-7465; Lee & Associates is preleasing The Lowe’s Center, located at the intersection of Acacia Avenue and Sanderson Avenue in Hemet, CA. Lowe’s Home Improvement will anchor the site. For more information, contact Brian Bielatowicz, Ted
Rivenbark or Jakob Irion, Lee & Associates, 25240 Hancock Avenue, Suite 100,
Murrieta, CA 92562; 951-445-4515/4512/4519, Fax 951-445-4527; Lloyd Cos., with C.A. Rickert & Associates, is developing Dawley Farm Village, a 300-acre project located at the intersection of East 26th Street and Highway 11 in Sioux Falls, SD that will feature 150 acres of residential and 150 acres of retail, including a lifestyle center, restaurants and a movie theater. The open-air project is slated to open during fall 2008. Area retail includes The Empire Mall. For more information, contact Raquel Blount, Lloyd Cos., 3130
West 57th New Street Realty Advisors, LLC is leasing a 3,467 sq.ft. divisible space at the intersection of Frederick Douglass Boulevard and West 147th Street in New York, NY. Nearby draws include YMCA and the subway. Area retail includes Bank of America, Pathmark, Chase Bank, Duane Reade and Clean Rite. For more information, contact Matthew Gorman or Joshua
Gettler, New Street Realty Advisors, LLC, 150 East 52nd Street, 27th
Floor, New York, NY 10022; 212-251-0626/0627; Commercial Real Estate Partners, Inc. is preleasing Shops at Hickory Grove, a 15,400 sq.ft. shopping center located at the intersection of Hickory Grove Road and Baker Road in Kennesaw, GA. Area demographics include a population of 137,583 within five miles earning $78,479 as the average household income. For more information, contact Shea Stephens, Commercial Real
Estate Partners, Inc., 1750 Peachtree Street Northwest, Atlanta, GA 30309;
404-644-0260, Fax 888-242-6485; Uniwest Commercial Realty is preleasing Hagerstown Plaza, a 115,000 sq.ft. power center located on Interstate 81 in Hagerstown, MD. Best Buy anchors the center with cotenants including Starbucks, FedEx Kinko’s, Chipotle, Hair Cuttery, Five Below, Party City and Italian Grill. Area retail includes Wal*Mart Supercenter, Home Depot, Bed Bath & Beyond, Marshalls, Dick’s Sporting Goods and Borders. For more information, contact Greg Goldberg, Uniwest
Commercial Realty, 2900 Telestar Court, Suite 300, Falls Church, VA 22042;
703-698-4034, Fax 703-641-4787; Option 1 Realty Group and Development is preleasing Westheimer Lakes Plaza, a 90,000 sq.ft. center located in Katy, TX. There is a pad site available. Opening is slated for the fourth quarter of this year. The average daily traffic count is 40,000 vehicles. Asking monthly rent is $1.50 psf plus NNN of $0.40 psf monthly. For more information, contact Joel ZBP Properties is developing Henderson Place, a 33,600 sq.ft. retail center located at the intersection of Henderson Road and Kenny Road in Columbus, OH. A 7,600 sq.ft. Max & Erma’s restaurant will tenant the center. The average daily traffic count is 60,000 vehicles. Area demographics include a population of 300,000 within five miles earning $63,000 as the average household income. Area retail includes Borders, FedEx Kinko’s, Staples, Walgreens, Ace Hardware and White Castle. Opening is slated for fall 2008. For more information, contact Elizabeth Buchenroth, ZBP Properties, 661 High Street, Worthington, OH 43085; 614-354-7707. Gibbons-White, Inc. is preleasing Fox Hill Center, a 250,000 sq.ft. shopping center located at the intersection of Highway 119 and County Line Road in Longmont, CO. The 49-acre site is located across from an approved Wal*Mart Supercenter and Sam’s Club. The development can accommodate tenants of up to 120,000 sq.ft. and has an average daily traffic count of 34,701 vehicles. Area demographics include a trade-area population of 82,412 with an average household income of $76,397. For more information, contact Brent Wilson, Gibbons-White, Inc., 2305 Canyon Boulevard, Suite 200, Boulder, CO 80302; 303-442-1040. Chelsea Property Group, a division of Simon Property, Inc., is developing Houston Premium Outlets, a 430,000 sq.ft. outlet center located at the intersection of Mason Road and Fairfield Drive in Cypress, TX. The center will be a single-level, village-style project housing 120 outlet stores and will open during spring 2008. Area retail will include Fairfield Towne Center, a 900,000 sq.ft. project slated to open next year or during 2009. For more information, contact Chelsea Property Group, 105
Eisenhower Parkway, Rawson, Blum & Leon, in a joint venture with Memar Properties, Inc., is developing a mixed-use retail/residential project on a 0.75-acre property in Berkeley, CA located at the intersection of Ashby Avenue and San Pablo Avenue. The project will consist of 100 condominiums on three levels above a 12,000 sq.ft. podium of retail. Opening is slated for summer 2010. Area retail will include a 90,000 sq.ft. grocery store slated to open within two years. For more information, contact Jeffrey S. Leon, Rawson, Blum & Leon; 415-981-3600 Ext. 318. New Plan is preleasing the Shoppes at Cinnaminson, a 340,000 sq.ft. shopping center located on Route 130 in Cinnaminson, NJ. ShopRite will anchor the center with 78,000 sq.ft. and will feature a 7,000 sq.ft. wine and spirits shop, a drive-thru pharmacy, an Asian buffet and online ordering for pickup and delivery. Committed tenants include Ross Dress for Less, Starbucks, Famous Footwear, T-Mobile, Chick-Fil-A and Hair Cuttery. Opening is slated for spring 2008. Area demographics include a population of 348,902 within five miles earning $41,844 as the median household income. For more information, contact Steven Teplick, New Plan Excel
Realty Trust, 2311 Cottman Avenue, Philadelphia, PA 19149; 215-708-3565, Fax
215-708-0151; SDFS Properties, Inc. is preleasing Kingsport Plaza, a 48,000 sq.ft. strip center located at the intersection of Roselle Road and Schaumburg Road in Schaumburg, IL. Situated on a land area of five acres, the center has spaces available of 1,000 sq.ft. to 6,000 sq.ft., as well as an outlot. Opening is slated for June. Dunkin’ Donuts anchors the center, which is also cotenanted by Fantastic Sams and Taco Bell. Asking rent is $14 psf to $20 psf plus CAM of $3 psf and taxes of $4 psf. Area demographics include a population of 134,000 within five miles earning $73,000 as the average household income. The average daily traffic count is 33,000 vehicles. For more information, contact Sam Mokhtarian, SDFS
Properties, Inc., 401 East Prospect Avenue, Suite 103, Mount Prospect, IL 60056;
847-483-0100, Fax Sansone Group is leasing the Shoppes at Mallard Pointe, located on Elm Street in St. Charles, MO. The strip center has spaces available of 1,400 sq.ft. and up, as well as outlots. The center is anchored by Walgreens, Starbucks and Arby’s. Asking rent is $20 psf plus CAM of $1.50 psf and taxes of $2.50 psf. Area demographics include a population of 149,508 within 10 miles earning $64,373 as the average household income. The average daily traffic count is 58,820 vehicles. Area retail includes McDonald’s and Sonic. For more information, contact Karen Shaw, David Willis or
Mike Pettit, Sansone Group, 120 Central Avenue, Suite 500, St. Louis, MO 63131;
314-727-6664, Fax 314-727-6101; GBT Realty Corp. is preleasing The Crossings of Decatur, a 260,067 sq.ft. regional power center situated on 15.6 acres at the intersection of Beltline Highway and U.S. 31 in Decatur, AL. Target anchors the center with cotenants including Old Navy, PetSmart, rue21, Rack Room Shoes and Ross Dress for Less. Area retail includes Kmart and Kroger. There are four outparcels available from 0.9 acres to 1.6 acres. Opening is slated for October. Area demographics include a population of 65,943 within seven miles earning $56,048 as the average household income. For more information, contact GBT Realty Corp., 201 Summit View Drive, Suite 110, Brentwood, TN 37027; 615-370-0670 or 800-509-1177. Jaime M. Weiss Realty & Co., Inc. is preleasing a 90,000 sq.ft. freestanding site located at the intersection of Progress Street and Springfield Road in Union, NJ. Spaces of 3,500 sq.ft. to 15,000 sq.ft. are available, as well as outlots. Opening is slated for next summer. Area demographics include a population of 145,202 within three miles earning $97,719 as the average household income. The average daily traffic count is 25,000 vehicles. For more information, contact Matthew Weiss or Jaime M. Weiss, Jaime M. Weiss Realty & Co., Inc., 250 Moonachie Road, Moonachie, NJ 07074; 201-814-1800, Fax 201-814-1811. Mid-America Real Estate is preleasing Fox River Crossings, a 490,000 sq.ft. power center situated on a land area of 50 acres at the intersection of Sunset Avenue and St. Paul Avenue in Waukesha, WI. The project has two outlots available of 1.5 acres and 1.75 acres. Opening is slated for spring 2009. Area demographics include a population of 86,000 within five miles earning $62,000 as the average household income. For more information, contact Michael Fitzgerald, Mid-America Real Estate, 648 North Plankinton Road, Suite 410, Milwaukee, WI 53203. Maxim Realty & Development, LLC is preleasing a 30,000 sq.ft. strip center located in Spring Grove, IL at the intersection of Route 12 and Finch Road. Spaces of 1,200 sq.ft. and 20,000 sq.ft. are available, as well as a one-acre outlot. The site is slated to open during the fall with Jewel/Osco shadow-anchoring the center. Chase Bank will be located on an outlot. Area demographics include a population of 37,968 within five miles earning $77,819 as the average household income. The average daily traffic count is 13,500 vehicles. For more information, contact Alex Katz, Maxim Realty & Development, LLC, 1125 Remington Road, Schaumburg, IL 60173; 847-884-5970, Fax 847-885-4662. Florida Equities, LLC is preleasing Old Glory Center, a 9,000 sq.ft. strip center located at the intersection of Tiffin Avenue and Fostoria Avenue in Findlay, OH. Situated on a land area of 41,400 sq.ft., the center has four 1,500 sq.ft. spaces available. Opening is slated for this summer with Tim Horton’s anchoring the center. Area demographics include a population of 48,536 within five miles earning $60,167 as the average household income. The average daily traffic count is 11,520 vehicles. Area retail includes Findlay Village Mall. Asking rent is $20 psf plus CAM of $4 psf and taxes of $1 psf. For more information, contact Brian Smith, Florida Equities, LLC, 6300 Northeast 1st Avenue, Suite 300, Fort Lauderdale, FL 33334. Coldwell Banker Commercial Mountain West Real Estate, LLC is preleasing a 7,000 sq.ft. strip center located at the intersection of Portland Road and Ward Drive in Salem, OR. Spaces of 1,397 sq.ft. and up are available. Opening is slated for this year. Area demographics include a population of 143,939 within five miles earning $45,402 as the average household income. Area retail includes Roths. For more information, contact Pam Rushing Lutz or Scott Ryan, Coldwell Banker Commercial Mountain West Real Estate, LLC, 250 Division Street Northeast, Salem, OR 97301; 503-588-3508. Continental Realty is preleasing Worthington Commons, a 10,000 sq.ft. specialty center located at the intersection of Route 23 and Lazelle Road in Worthington, OH. Spaces of 1,560 sq.ft.; 1,800 sq.ft. and 3,550 sq.ft. are available. Opening is slated for July with Caribou Coffee tenanting the site. Asking rent is $25 psf plus CAM of $4 psf and taxes of $1 psf. Area demographics include a population of 168,796 within five miles earning $82,132 as the average household income. The average daily traffic count is 45,300 vehicles. Area retail includes Kohl’s, Michaels, Giant Eagle and Wal*Mart. The company is also preleasing Reynoldsburg Commons, a 13,000 sq.ft. specialty center located at the intersection of Brice Road and Main Street in Reynoldsburg, OH. Five spaces between 1,500 sq.ft. and 3,500 sq.ft. are available. Opening is slated for September. Area demographics include a population of 190,440 within five miles earning $57,340 as the average household income. The average daily traffic count is 25,403 vehicles. Asking rent is $25 psf plus CAM of $4 psf and taxes of $1 psf. In addition, Continental Realty is preleasing the Buckeye Building, the 10,000 sq.ft. main floor of a Marriott Residence Inn located at the intersection of Gay Street and High Street in Columbus, OH. There is 10,000 sq.ft. available at the site suitable for a restaurant, which is slated to open during the fall. Area demographics include a population of 327,000 within five miles earning $48,953 as the average household income. Asking rent is $25 psf. For more information, contact Carol Wass, Continental Realty,
150 East Broad Street, Suite 500, Columbus, OH 43215; 614-883-1316, Fax
614-221-9162; Commercial Retail Advisors is preleasing Placita De Oro, a strip center located at the intersection of First Avenue and Tangerine Road in Oro Valley, AZ. Spaces of 1,500 sq.ft. to 6,000 sq.ft. are available. Opening is slated for the third quarter of this year. Anchors include Ace Hardware and Anytime Fitness with cotenants including Subway and Zocolo’s Zen Salon. Area demographics include a population of 42,709 within five miles earning $75,511 as the average household income. The average daily traffic count is 31,300 vehicles. Area retail includes Safeway. Asking rent is $25 psf to $26 psf plus CAM of $4.75 psf. For more information, contact Linda Montani, Commercial
Retail Advisors, 2990 North Campbell Avenue, Tucson, AZ 85719; 520-290-3200, Fax
520-751-7465; |