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CCM
to build two shopping centers this year
Square
footage of both projects will total 82,000
By
Taina Rosa
Commercial
Centers Management, Inc. (CCM) is rolling up its
sleeves this year and building two strips-malls,
one in Juncos, another in Caguas. The projects,
which together will occupy a total 82,000 square
feet, are already seeing interest from retailers
looking to open there.
Galería
Juncos, with 22,000 square feet, is expected to
begin construction within the next few weeks,
according to Leasing Director Yvette Meléndez.
She indicated this mall is being built where the
former Palmas Printing building was, at the
intersection of Road 30 and Road 31. The building
is being remodeled to house several retailers.
Meléndez
said some retailers have already signed up for
spaces at Galería Juncos. Auto Zone signed for a
7,300-square foot space and Rent-A-Center and
Wendy's signed up for slightly smaller spaces.
Galería
Juncos will have 135 parking spaces, according to
the blueprints for the project. It will be
adjacent to retailers such as Ralph's Food
Warehouse and Juncos Shopping Center, and also
near the Amgem Manufacturing plant. Within a
one-mile radius there is a population of 11,715
with an average household income of almost
#20,000, according to company information.
The
other project, Primavera Shopping Court in Cidra,
is expected to begin construction this summer,
Melgndez disclosed. This project consists of a
strip mall with four freestanding buildings and
will occupy 60,000 square feet. Although no leases
have been signed, Meléndez said she is in
conversations with several retailers and expects
to have a supermarket and services in this
project.
Primavera
Shopping Court is located on Road 172, near
housing developments such as Sabanera and Hacienda
Primavera. There are 4,000 households within a
one-mile radius, and more than 12,200 within three
miles, with household incomes from $27,000 to
$30,700, according to company information.
Meanwhile,
CCM is ready to welcome tenants at El Monte Town
Center, a 60,000-squere-foot strip mall in Ponce
with five freestanding buildings occupying up to
4,000 square feet each, said Executive Vice
President Jorge Fournier. "Tenants will be
able to start moving in next month," he said
adding that the mall is 90% leased.
Some
of the tenants at El Monte Town Center are Doral
Bank, Wendy's, Church's and an El Mesón/Baski
Robbins combo store.
CCM,
founded in 1977, is a real estate firm dedicated
to commercial real estate management and asset
management services in Puerto Rico and Florida. It
manages more than 3 million square feet of retail
space, 1.8 million of which are located in Puerto
Rico.
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