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New Construction
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New Construction NAI Emory Hill, with Jim O’Hara Realty, is preleasing 8,000 sq.ft. of retail space in a mixed-use project with residential components on the second level located at the intersection of Amstel Avenue and Elkton Road in Newark, DE. Construction is slated to commence next year. For more information, contact Jennifer Banning, NAI Emory
Hill; 302-221-7245; National Realty & Development Corp. is preleasing small shops in CooperTowne Center, a 385,000 sq.ft. center located at the intersection of White Horse Pike and East Evesham Avenue in Somerdale, NJ. Opening is slated for next fall. The average daily traffic count is 50,800 vehicles. Area demographics include a daytime population of 377,848 within five miles. Spaces of 1,000 sq.ft. to 4,000 sq.ft. are available, as well as pad sites. Wal*Mart Supercenter and Cinemark Theaters anchor the site. Area retailers include LA Fitness, Dollar General, Joyce Leslie and Pizza Hut. For more information, contact National Realty & Development
Corp., 3 Manhattanville Road, Purchase, NY 10577; 800-932-RENT; Hall Equities Group is preleasing Summerwalk Village, located at the intersection of Yelm Highway and Parkside Drive in Lacey, WA. Restaurant and shop spaces are available within three buildings of 3,900 sq.ft.; 12,800 sq.ft. and 12,900 sq.ft. The average daily traffic count is 30,000 vehicles. The project anchors Summerwalk, a 450-unit residential complex. Area demographics include a population of 105,208 within five miles earning $51,558 as the median household income. Area retail includes Safeway, Rite Aid, QFC, McDonald’s, Starbucks, Movie Gallery, Burger King and a proposed Lowe’s Home Improvement. The company is also preleasing Shelton Hills, a 300,000 sq.ft. regional center located within a 680-acre master-planned community at the intersection of Highway 101 and Wallace-Kneeland Boulevard in Shelton, WA. The entire project encompasses 1,500 residential units and a business park in addition to the retail center, which is slated to open next year. Spaces totaling 120,000 sq.ft. are available. Area retail includes Lumbermen’s, Ace Hardware, Safeway, Fred Meyer and Wal*Mart. Nearby draws include Sanderson Regional Airport. For more information, contact Brandon Farrell, Hall Equities Group; 925-933-4000 Ext. 229. Perseus Realty, LLC is redeveloping Anthony Bowen YMCA located within the U Street corridor in Washington, DC. The 45,000 sq.ft. mixed-use site will be anchored by YMCA and will consist of 12,000 sq.ft. of ground level retail and 200 apartments. Opening is slated for 2010. For more information, contact Perseus Realty, 2099
Pennsylvania Avenue Northwest, Washington, DC 20006; 202-741-1892; Empire Commercial Real Estate, is preleasing Moreno Marketplace, a 94,000 sq.ft. lifestyle center located at the intersection of Cactus Avenue and Moreno Beach Drive in Moreno Valley, CA. Stater Bros. will anchor the center, which will be cotenanted by Wells Fargo Bank, Starbucks, Baskin-Robbins, Juice It Up!, Quiznos, Fantastic Sams, Red Brick Pizza, Charo Chicken, Chop Sticks, Jack in the Box and Lakeside Cleaners. The center is adjacent to a 112-unit townhouse community. Opening is slated for early 2008. For more information, contact Empire Companies, 3536
Concours, Suite 300 Alaris Development is preleasing Marengo Ranch, a 148,740 sq.ft. center located at the intersection of Walnut Avenue and Carillion Boulevard in Galt, CA. Spaces of 875 sq.ft. to 14,000 sq.ft. are available within seven buildings. Also, three restaurant pad sites are available. The center is 25% preleased and will be tenanted by an 11-screen movie theater. Asking monthly rent ranges from $2.50 psf to $3 psf NNN. The company is also preleasing Sonterra Retail Center, a 483,100 sq.ft. project situated on 92.6 acres fronting Interstate 35 in Jarrell, TX a suburb of Austin. Tenants include McDonald’s, Burger King, Denny’s and a travel center/convenience store. Asking monthly rent is $1.10 psf to $1.25 psf NNN. The center is a component of a 1,135-acre master-planned community featuring multi-family apartments and single-family residences. The company, along with Retail Brokers, Inc., is preleasing Stagecoach Village, a 105,000 sq.ft. open-air center situated on 17.9 acres at the intersection of Cave Creek Road and Galloway Drive in Cave Creek, AZ. Opening is slated for the first quarter of 2008. Spaces of 1,200 sq.ft. to 10,000 sq.ft. are available, as well as three restaurant pad sites with patio seating and 23,000 sq.ft. of office space. Asking monthly rent is $3 psf NNN. Demographics include a trade-area population of 232,929 earning $68,053 as the median household income. For more information regarding Marengo Ranch or Sonterra
Retail Center, contact Sam Stafford or Stephen Lee, Alaris Development, 1625 The
Alameda, Suite 201, San Jose, CA 95126; 408-947-0647. For more information
regarding Stagecoach Village, contact Sam Stafford or Stephen Lee. Or Barbara
McKenney or Heather Cheney, Retail Brokers, Inc., 8111 East Indian Bend Road,
Scottsdale, AZ 85250; 480-365-1202/1239; Ron Borders GMAC Real Estate is preleasing Old Towne Square, a 75,000 sq.ft. project located on West Hill Avenue in Valdosta, GA. The development will consist of six buildings, with a 12,000 sq.ft. structure slated to open this fall and the construction of a 15,000 sq.ft. building slated to commence during September. Construction of the entire project, being developed by Borders & Holt Investments, LLC, will take 18 months. For more information, contact Ron Borders, Ron Borders GMAC Real Estate, 1010 Slater Street, Valdosta, GA 31601; 229-333-4622; Email: bordersr@bellsouth.net. Garrett Realty & Development, Inc. is preleasing a 33,000 sq.ft. site located at the intersection of 115th Street and Halsted Street in Chicago, IL. Up to 14,000 sq.ft. is available. Opening is slated for the fourth quarter of 2008. Area retail includes Walgreens, Aldi, AutoZone and Jewel/Osco. The average daily traffic count is 34,000 vehicles. Area demographics include a population of 180,555 within three miles earning $58,797 as the average household income. For more information, contact Bart Friedman, Garrett Realty & Development, Inc., 2211 North Elston Avenue, Chicago, IL 60614; 773-880-1322 Ext. 25; Email: bart@garrettrealtyinc.com. Gershenson/Kirco is preleasing Village Lakes, a mixed-use center situated on 39 acres at the intersection of Highland Road/M-59 and Elizabeth Lake Road in White Lake, MI. The center will contain 180,394 sq.ft. of retail on 18.5 acres, as well as a medical office building of 77,000 sq.ft. on eight acres and an assisted living facility on nine acres. Area demographics include a population of 162,285 within 10 miles earning $92,781 as the average household income. The average daily traffic count is 34,700 vehicles. Area retail includes Kmart and Kroger. For more information, contact Gershenson/Kirco, 31500 Northwestern Highway, Suite 100, Farmington Hills, MI 48334; 248-785-2300. LMG Investments, LLC is preleasing a 17,600 sq.ft. specialty strip center situated on 6.42 acres at the intersection of Northwest Military Highway and George Road in San Antonio, TX. Outlots of between four and five acres are available. Area demographics include a population of 842,948 within 10 miles earning $65,133 as the average household income. The average daily traffic count is 32,800 vehicles. Asking rent is $18 psf to $20 psf NNN. For more information, contact Randall K. Gonzalez or Marci S. Millender, LMG Investments, LLC, 5440 Harvest Hill Road, Suite 233, Dallas, TX 75230; 972-233-8888, Fax 972-233-1615. GVA Advantis is preleasing Buckroe Village, a 5,600 sq.ft. strip center located at the intersection of East Pembroke Avenue and Woodland Road in Hampton, VA. Spaces from 1,200 sq.ft. are available. Area demographics include a population of 117,012 within five miles earning $56,000 as the average household income. For more information, contact Kevin O’Keefe or Natalie Hucke, GVA Advantis; 757-213-8331/8301; Emails: kokeefe@gvaadvantis.com and nhucke@gvaadvantis.com. PDG America Shopping Centers is preleasing Durango
Plaza, a 63,000 sq.ft. neighborhood shopping center located at For more information, contact PDG America Shopping Centers, 3131 East Camelback Road, Suite 105, Phoenix, AZ 85016; 602-277-4500, Fax 602-200-9700. Re/Max Gold Commercial is preleasing a shopping center located on Del Paso Boulevard in Sacramento, CA. Retail space of 1,217 sq.ft. is available, as well as retail/office spaces of 200 sq.ft. to 500 sq.ft. and restaurant space of 1,646 sq.ft. to 1,846 sq.ft. Construction is slated to commence this year. The site is adjacent to the North Sacramento Hagginwood Library. For more information, contact E. Frank Fawcett or Ranga Pathak, Re/Max Gold Commercial, 550 Howe Avenue, Suite 100, Sacramento, CA 95825; 916-669-2890/2897, Fax 916-609-2831. Bayer Properties, LLC is preleasing Front Range Village, a 762,000 sq.ft. mixed-use power center situated on 109 acres at the intersection of East Harmony Road and Ziegler Road in Fort Collins, CO. Spaces of 2,000 sq.ft. to 10,000 sq.ft. are available, as well as outlots of one acre to 1.5 acres. Opening is slated for August 2008. Anchors include SuperTarget, Lowe’s Home Improvement, The Sports Authority and Staples and cotenants include DSW, Ulta, Lane Bryant, Famous Footwear and Famous Dave’s. Area demographics include a population of 179,000 within seven miles earning $78,760 as the average household income. The average daily traffic count is 49,000 vehicles. Asking rent is $24 psf to $26 psf plus CAM of $2.65 psf and taxes of $2.94 psf. Area retail includes Foothills Fashion Mall and Harmony Marketplace. For more information, contact Paul Newroth, Bayer Properties, LLC, 2222 Arlington Avenue, Birmingham, AL 35205; 205-939-3111, Fax 205-795-4163; Email: pnewroth@bayerproperties.com. Preferred Properties of NY & NJ is preleasing Shoppes at Greene Flats, a 240,000 sq.ft. strip center situated on 40 acres at the intersection of 9W North and Interstate 87 in Coxsackie, NY. Space of 200,000 sq.ft. is available, as well as a 4,000 sq.ft. outlot. Opening is slated for June 2008. Area demographics include a population of 20,904 within five miles earning $46,189 as the average household income. The average daily traffic count is 13,025 vehicles. Asking rent is $18 psf to $26 psf. For more information, contact Giancarlo Lanzano, Preferred
Properties of NY & NJ, 506 South 9th Avenue, Mount Vernon, NY 10550;
914-480-7487, Fax 914-664-7247; GVA Williams is preleasing a 20,000 sq.ft. center on Stony Hill Road situated between Target and Big Y in Bethel, CT. The average daily traffic count is 13,600 vehicles. Asking rent is $28 psf NNN for inline spaces and $45 psf NNN for a bank pad site with a drive-thru. Opening is slated for the second quarter of 2008. Area demographics include a population of 104,207 within five miles earning $81,389 as the average household income. Area retail includes Wal*Mart, Marshalls and HomeGoods. For more information, contact Todd DeLuke or Dominick Musilli,
GVA Williams; 203-961-6598/6582; |