Thursday, June 30, 2011

New Hill Place Announces Preliminary Tenants

Kite Realty gave a presentation to investors, which included additional information regarding their new shopping center in Holly Springs, NC. Construction is still dependent upon Target starting construction, which is rumored to be in the spring of 2012. Signed tenants are currently listed as Frank Theatres , Dick's Sporting Goods and Marshall's, with Michael's and Petco identified as being in negotiations. Located at the intersection of the N.C. 55 Bypass and New Hill Road, this new power center will be just south of the new I-540 toll road.

Kite Realty submitted site plan to the Town of Holly Springs in 2008 and began marketing at the May 2008 ISCS with excellent video presentation here.

Shopping center site 108.89 ac±
Parking total 3,802 spaces

Floor Area Total 563,744 sf

Anchor 135,300 sf rumored to be a Super Target

Frank Theatre 55,908 sf

Total retail shops 113,278 sf

1. 40,000 sf Dick's Sporting Goods
2. 36,000 sf
3. 25,000 sf Marshall's
4. 25,000 sf
5. 25,000 sf
6. 21,360 sf Michael's
7. 15,000 sf
8. 13,000 sf Petco

Outparcel pads 58,898 sf