Phil Bensinger, president of Capital Income Properties, says that the Nellies location is the eighth in Southern California for the retailer of fitness equipment. Nellies joins other tenants in the final phase of Madison Marketplace, which is a 5,350-sf multitenant building that was completed in the fourth quarter of last year.
Beginning in 2001, Capital Income built the in phases, beginning with the sale of a one-acre parcel to 7-Eleven for a convenience store and gas station that opened three years ago. The next phase was a build-to-suit for Denny'srestaurant, which Capital Income owns and leases to a Denny's franchisee.
Phase III of the center was an 11,800-sf multitenant building that is leased to eight tenants. The 21,938 sf that is owned by Capital Income includes all of the Madison Marketplace development except for the 7-Eleven building.
© Arc, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to TMSalesOperations@arc-network.com. For more information visit Asset & Logo Licensing.