Coreland Lands 1M SF of New Management Contract

TUSTIN, CA-The Coreland Cos. real estate services firm has landed one million sf in new retail management assignments for five shopping centers in Southern California, according to Chris Hite, co-founder and president of Coreland. The five include Mountaingate Village in Simi Valley, Downey Landing in Downey, Village Walk in Murrieta, Van Buren Plaza in Riverside and Main Street Village in Corona. Privately held Coreland's new assignments range from all-new construction to established centers to space that is still under development. Downey Landing, for example, is a recently opened 389,000-sf project at the intersection of Lakewood Boulevard and Stewart & Gray in Downey. Best Buy, Old Navy, Marshalls, Ross, Staples, PetsMart, Michaels and Bed Bath & Beyond anchor Downey Landing. Eclipse Development Group of Irvine is the developer. Village Walk is a new 328,000-sf development that is under way at the northwest corner of Interstate 15 and Kalmia Street in Murrieta. The project includes Babies "R" Us, Bed Bath & Beyond, David's Bridal, Famous Footwear, Lakeshore Learning, Levitz Furniture, Office Depot, Petco and Sportmart, plus a number of regional tenants and restaurants. Coreland is pre-development consulting for the project and has been retained for property management as well. The owners of the center are Rancon Commercial of Murrieta and the Arthur Pearlman Corp. of Santa Monica. Mountaingate Village is a 222,000-sf venue at First Street and Los Angeles Avenue in Simi Valley that is anchored by RiteAid, 99 Cents Only, Valley Produce, Big 5 and Bally Total Fitness. Coreland has been hired to manage the shopping center and complete the cosmetic renovation. Scanlan Kemper Bard Cos. of Portland, OR owns the property. Van Buren Plaza is a 93,956-sf center at 5600-5750 Van Buren Blvd. in Riverside that is undergoing an extensive renovation and is being leased to a list of new tenants. The project is anchored by Dollar Tree and Payless ShoeSource and is owned by Kensington Real Estate Group of Tustin. Main Street Village is a newly developed 24,000-sf neighborhood center at 135-265 E. Ontario Ave. in Corona that is anchored by Trader Joe's. Hopkins Real Estate Group of Irvine developed the shopping center.