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New Construction
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New Construction LMG Investments, LLC is developing The Village at Pleasant Run, a 10,000 sq.ft. center located at the intersection of Polk Street and Pleasant Run Road in DeSoto, TX. Area retail includes Albertson’s, Walgreens, Braum’s, Bealls, Boston Market and Hallmark. Demographics include a population of 136,841 within a five-mile radius earning an average household income of $63,229. The average daily traffic count is 57,000 vehicles. The asking rent is $18 psf NNN. The company is also developing a 20,000 sq.ft. strip center situated on 6.42 acres at the intersection of Northwest Military Highway and George Road in San Antonio, TX. Area retail includes H.E.B. and Bill Miller’s BBQ. Demographics include a population of 233,388 within a five-mile radius earning an average household income of $70,608. The average daily traffic count is 32,800 vehicles. The asking rent ranges from $18 psf NNN to $20 psf NNN. For more information, contact Marci Millender or Randall
Gonzalez, LMG Investments, LLC, 5440 Harvest Hill Road, Suite 233, Dallas, TX
75230; 972-233-8888, Fax 972-233-1615; KLNB Retail is preleasing Westgate Town Center, a 425,123 sq.ft. center located at the intersection of Tinkling Spring Road/Route 608 and Expo Road in Fishersville, VA. The center will feature retail, shop and mini-anchor spaces, as well as a 13-screen movie theater. Demographics include a population of 25,999 within a five-mile radius earning a median household income of $50,678. The average daily traffic count is 33,000 vehicles. The company is also preleasing Arcola Center, a 3.3 million sq.ft. mixed-use center with 1.1 million sq.ft. of retail space, located at the intersection of Dulles Parkway and Loudoun County Parkway in Arcola, VA. Cotenants include Lowe’s Home Improvement, Target, Circuit City, Dick’s Sporting Goods, Staples and T.J. Maxx. Demographics include a trade-area population of 30,226 earning a median household income of $93,767. Groundbreaking for the center is expected to commence during mid-2007. For more information regarding Westgate, contact Julie
Cyphers or Dallon Cheney, 8000 Towers Crescent Drive, Suite 1070, Vienna, VA
22182; 703-852-3166/3163; For more information regarding Arcola, contact Melissa Welch
or Darcy Niles; 703-852-3164/3168; Goddard Development Partners is developing Crossgate Plaza, a 69,600 sq.ft. shopping center located on Route 300 in Vails Gate, NY. Area retail includes Price Chopper, Shop Rite, Hannaford and Kmart. Demographics include a population of 77,907 within a five-mile radius earning an average household income of $57,027. The average daily traffic count is 70,000 vehicles. Groundbreaking is planned for June 2008. For more information, contact Alan Zuckerman or Donna Goddard, Goddard Development Partners, PO Box 55, Mountainville, NY 10953; 845-534-0100. Diversified Partners is developing Power Marketplace II, a 70,950 sq.ft. power center situated on 10.8 acres at the intersection of Power Road and Rittenhouse Road in Queen Creek, AZ. Cotenants include LA Fitness, Taco Bell and Tutor Time. For more information, contact James Neal or Christian Siglin,
Diversified Partners, 5635 North Scottsdale Road, Suite 150, Scottsdale, AZ
85250; 480-947-8800, Fax 480-947-8830; Crosland is developing Bluewater, a 208,038 sq.ft. shopping center located at the intersection of North Kings Highway/US Highway 17 and Barefoot Resort Bridge Road in North Myrtle Beach, SC. Demographics include a population of 17,582 within a five-mile radius earning an average household income of $64,773. The company is also preleasing Blakeney Crossing, a 90,000 sq.ft. center situated on 15 acres at the intersection of Red Road and Arorey Kell Road in Charlotte, NC. Demographics include a population of 107,397 within a five-mile radius. The company is also preleasing Cornerstone, an 800,000 sq.ft. regional shopping center situated on 120 acres at the intersection of Highway 521 and Jim Wilson Road in Lancaster County, SC. Demographics include a population of 22,119 within a five-mile radius. For more information regarding Bluewater, contact Charles
Thrift, Crosland, 227 West Trade Street, Suite 800, Charlotte, NC 28202;
704-561-5222, Fax 704-523-7110; For more information regarding Blakeney Crossing, contact
Gwen Glaeser; 704-676-1563; For more information regarding Cornerstone, contact Ryan
Preston; 704-561-5277; Robert K. Futterman & Associates is preleasing a center located at the intersection of East Fordham Road and Marion Avenue in Bronx, NY. Two spaces of 28,213 sq.ft. are available, with the first including 9,404 sq.ft. on the ground floor and 18,809 sq.ft. on the second floor and the second including 9,404 sq.ft. on the ground floor and 18,809 sq.ft. on the lower level. Area retail includes Gap, Children’s Place, Duane Reade, P.C. Richard & Son, AJ Wright, Conway, Bally’s Total Fitness and McDonald’s. The company is also preleasing New City, a mixed-use development with 370,000 sq.ft. of retail space, situated on eight acres at the intersection of North Clyborn Avenue and Halstead Street in Chicago, IL. Demographics include a population of 239,073 within a two-mile radius earning an average household income of $104,276. For more information regarding the Bronx development, contact
Barry Fishbach, Robert K. Futterman & Associates, 521 Fifth Avenue, Seventh
Floor, New York, NY 10175; 212-599-3700, Fax 212-599-3744; For more information regarding the Chicago development,
contact Mitchell Friedel, Jeremy Ezra or Mathew Focht; Land and Lakes is developing Village Green Center, a mixed-use center located at the intersection of Highway 165 and 39th Avenue in Pleasant Prairie, WI. Construction is slated to begin during 2008. Area retail includes Prime Outlets. Area draws include the Jelly Belly Center. Demographics include a population of 107,843 within a five-mile radius earning an average household income of $69,888. For more information, contact Martin S. Hanley or
Kelly M. Martincin, Land and Lakes, 123 North Northwest Highway, Park
Ridge, IL 60068; 847-825-5000, Fax 847-825-0887; Wheeler/Kolb Management Co. is preleasing The Village at Atkinson, a 20,000 sq.ft. strip center located at the intersection of Atkinson Road and State Route 120 in Lawrenceville, GA. Spaces from 1,600 sq.ft. are available. Area retail includes Burger King and the Discover Mills Outlet Mall. Demographics include a population of 69,633 within a five-mile radius earning an average household income of $74,867. The average daily traffic count is 27,880 vehicles. A fall 2007 opening is planned. For more information, contact Ron Ficzko, Wheeler/Kolb Management Co., 3525 Mall Boulevard, Suite 5-AA, Duluth, GA 30096; 770-476-4801, Fax 770-497-8811. |