Centres-Siegel Tackles Challenging Shopping Center Project
A shopping center site at 28th Street and Iris Avenue in Boulder, Colorado will soon see the active redevelopment and leasing that has eluded the property for the last four years.
Denver, CO (PRWEB) June 6, 2005 -- Centres-Siegel tackles challenging
shopping center project: Safeway-anchored property in Boulder nearly 75%
leased.
A shopping center site at 28th Street and Iris Avenue in Boulder,
Colorado will soon see the active redevelopment and leasing that has eluded the
property for the last four years. Anchored by a successful Safeway store which
will undergo an expansion of its own, the 28,000 square-foot Safeway Marketplace
has begun redevelopment to accommodate new tenants for the first time since its
initial construction in 2001.
“This property is in a terrific location
for retail in Boulder,” said Dick Siegel of Centres-Siegel, the company that is
redeveloping, leasing and managing the property. “It took just the right
combination of resources and people to succeed at this site. We are excited to
have been chosen for this project and excited about the businesses we have
already been able to attract.”
Leases have already been completed with
Washington Mutual, Cost Cutters, Papa Murphy’s, Boulder Liquor and John’s
Cleaners. Spaces for these businesses, which constitute 75% of the leasable
space, are already under construction with scheduled completion of September 1.
Negotiations are on-going with several other well known companies in the quick
service restaurant category. Siegel expects the remaining available space to be
fully leased by the end of 2005.
According to Howard Garelick, director
of real estate for Safeway, “getting Dick Siegel and Ken Karl from
Centres-Siegel involved was exactly what we needed to get this project moving
forward. Their experience and skills in both developing and leasing shopping
centers has made a real difference.”
Centres, Inc. is a full service real
estate development and construction management organization, specializing in
retail, food and drug facility development. The company, established in 1982 by
Ken Karl, develops projects throughout the United States and counts 200 retail
projects, in 20 states, totaling more than 9 million square feet among its
achievements.
Richard (Dick) Siegel brings more than 40 years of diverse
experience identifying, negotiating and closing retail real estate transactions
totaling more than $400,000,000 to his position as partner with Centres-Siegel.
Contact:
Saul Rosenthal
SFR Public
Relations
303-763-6916
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Source : http://www.prweb.com/releases/2005/6/prweb247264.htm