CLERMONT, FLA. — Ross Dress for Less will join Weingarten Realty’s Clermont Landing retail project as a co-anchor. Clermont Landing, which will be located at the intersection of U.S. Highway 27 and Steve’s Rd. in Clermont, is slated for completion in 2009. The project will include 366,000 square feet of retail space with a mix of lifestyle tenants and national retailers. Other tenants within the center will include JC Penny, Epic Theatres, T.J. Maxx, Michaels and Famous Footwear. Alex Munoz of The Shopping Center Group represented Ross Dress for Less in the lease negotiations.
JOLIET, ILL. — Los Angeles-based developer O&S Holdings, in partnership with Hollywood, Fla.-based Strategic Retail Development, has acquired 130 acres of land in Joliet for the purpose of building Bridge Street Town Centre, a 3.5 million-square-foot mixed-use development. Located at the intersection of Interstate 55, Interstate 80 and Route 59, the remaining parcels for the project — 184 acres — will have staggered closings until the end of the year. The approximately $1 billion Bridge Street Town Centre will consist of approximately 1.7 million square feet of upscale shops, big-box retail stores, and a variety of restaurants; a 66,000-square-foot upscale movie theatre; 96,000 square feet of Class A office space; at least two hotels; and a variety of residential unit types. Groundbreaking for the development is projected for early 2009, with completion slated for 2010.
MISSOURI CITY, TEXAS — SDI Realty Management has acquired an approximately 20-acre site located at the corner of Murphy Road and Highway 6 in Missouri City for redevelopment. The existing hospital and professional office building will be razed, and the site will be redeveloped into a retail center anchored by Lowe’s Home Improvement Warehouse. Keith Lloyd and Sam Sheff of the Houston office of Grubb & Ellis, along with Kirk Guilanshah of System Executive Real Estate, represented the land seller, Memorial Hermann.
RIALTO, CALIF. — National Exchange Advisors LLC and Millennium Development Partners LLC have broken ground for the construction of The Shoppes at Creekside, a neighborhood shopping center in Rialto. Located at the corner of Riverside Avenue and the 210 Freeway, the 76,000-square-foot property will feature a variety of tenants, including Fresh & Easy Neighborhood Markets, Walgreens, Alta Vista Credit Union, Chevron and Corky’s Kitchen & Bakery. Pierce/Cooley Architects Inc. provided architectural services for the project; Murrieta, Calif.-based Darcon Builders is serving as general contractor. Completion is slated for February 2009.
CHANDLER, ARIZ. — Montana-based Highland Properties 2308 LLC has purchased an office/retail property, which is located at 8 S. San Marcos Pl. in historic downtown Chandler, for $4.03 million. Constructed in 1954, the 12,776-square-foot property is fully occupied with San Tan Brewery as the major tenant. Brian Ackerman and Karsten Peterson of Cushman & Wakefield of Arizona Inc. represented the seller, Chandler-based Desert Viking Properties LLC, in the transaction; Steve Julius, Eric Wolfe and Jesse Goldsmith of Marcus & Millichap’s Phoenix office represented the buyer.
AUBURN HILLS, MICH. — Lowes Home Improvement Warehouse has broken ground on a 175,000-square-foot store within Silverman Development Co.’s Great Lakes Corner development in Auburn Hills. Representing an $18.5 million investment, the new Lowes is located at the southwest corner of Joslyn Road and Interstate 75, adjacent to the Great Lakes Crossing Mall. The facility, which is slated for completion in late 2009, will bring approximately 175 jobs to the community.
LONE TREE, COLO. — Spring Valley—Campo Road LLC has acquired 9078 Westview Road in Lone Tree. The 13,825-square-foot retail center sold for $6.9 million or $499 per square foot. Current tenants include Casual Male, Kitchen Gallery, AT&T Wireless and Doctors Vision Works. Transmark Company brokered the transaction. The seller was not disclosed.
DEERFIELD BEACH AND CORAL SPRINGS, FLA. — SIKON Construction Corp. is developing two new SuperTarget stores in Florida. In Deerfield Beach, a 186,212-square-foot store is located at Hillsboro Boulevard and Powerline Road; in Coral Springs, a 185,000-square-foot facility is located at U.S. 441 and Wiles Road. Both buildings were designed by Minneapolis-based RSP Architects.
GLOUCESTER TOWNSHIP, N.J. — Columbus, Ohio-based Stanbery Development has broken ground for the development of The Shoppes at Cross Keys, a 120,000-square-foot lifestyle center located in Gloucester Township. Situated on 24 acres at the interchange of Berlin-Cross Keys Road and the Atlantic City Expressway, the retail project is scheduled to open in spring 2009. Tenants already signed include Banana Republic, Ann Taylor Loft, Coldwater Creek, Chico’s, Jos. A. Bank. White House | Black Market, Select Comfort, Lane Bryant, T Mobile, New York & Co., Justice, Rack Room Shoes and Bensi Italian Grill.
FLAGSTAFF, ARIZ. — Wespac Construction Inc. recently completed the construction of The New Frontiers Natural Marketplace, a 25,000-square-foot retail facility in Flagstaff. The new store anchors Aspen Place at the Sawmill, a 38-acre mixed-use development located on the former Stone Forest Sawmill site. The organic grocery store features a myriad of conventional and not-so conventional sustainable building components, including natural daylighting, solar panels and recycled denim insulation. The Aspen Group is developing the project; Davis Architects is providing architectural services. Current retailers include Chico’s, Wildflower Bread Company, Pita Jungle and Coldwater Creek.