EL CERRITO, CA-Trader Joe’s and Regency Centers, a real estate development company, have signed a ten-year lease that will bring the specialty grocery store to El Cerrito Plaza next spring.

Since last year, city officials and residents have been pushing for Trader Joe’s to develop a store in the area. City officials presented a market analysis, proving that the city had a significant customer base to support the store. Residents signed petitions encouraging the store to come to the city.

This month, the city got its wish. Trader Joe’s will develop an 11,000-sf store on the south side of El Cerrito Plaza, near Long’s Drugs. This lease brings the plaza, which is owned by Regency Centers, to 90% occupancy.

The development company is still on the lookout for the former Albertson’s grocery store, a 33,000-sf site, and an additional 8,000-sf of retail and office space throughout the plaza. El Cerrito’s monthly office rents vary from $1.75 – $1.95 NNN, depending on the size and location.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Dig Deeper


GlobeSt Net Lease Spring 2024Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2023 ALM Global, LLC. All Rights Reserved.