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Fri, Oct. 18

Strip malls filling at expected pace

KINGMAN ­ Commercial occupancy in new projects locally appears to be moving at an expected pace, according to project managers and leasing agents of area developments.

The third phase of a Sandor Development project in the north Safeway Plaza should be completed and taking occupancy by fall, said Jason Haun, a Sandor project manager.

The 36,000 square-foot commercial center is currently designed for about 16 or 17 tenants, which could change according to the needs of new tenants coming into the picture, Haun said.

"We've had quite bit of interest from national, regional and local retailers," he said, adding that the project is not designed to house any big box retailers.

Haun said two deals for spaces are completed: an Aarons appliance center and a Remax office space.

"We've got some deals pending. We're pretty far along with some folks, and moving along with others," Haun said, adding that the project is specified for retail.

Elio Khalifi, a leasing agent with First American Investments, said prospective tenants for the commercial project in the 2100 block of Airway Avenue are at the blue print stage of setting up office space, naming doctors and consultants as the type of tenants considered.

"Everybody else is in the process of putting their plans together. It takes awhile. We're working with different tenants on it. A lot of tenants are working with their architect's plans just to get it going. It takes a while to put these things together," he said.

All the retail space currently vacant in the Albertson's plaza is committed, with three signed leases of the four remaining spaces expected within the week, according to James Neal of Diversified Partners. Neal did not identify the prospective tenants because of non-disclosure agreements.

The tenant for the last space is tentative on final approval, he said.

One of the tenants in negotiating stages the last few weeks was a Panda Express Asian food restaurant, a separate deal than mentioned by Neal, involving an additional space depending on cooperation with Albertson's, he said.

The four-suite Linn Construction project on the corner of Stockton Hill Road and Pasadena was up in the air as of a month ago.

Linn partner Travin Pennington said in an earlier story that he was in no hurry to find tenants.

"I will not rush to find retailers (to move in). I will hold on until I find the right ones," he said.

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