X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

STOCKTON, CA-Kitchell Development Company is headed for a spring 2004 opening on the better part of a 70-acre, 700,000-sf retail center at Eight Mile Road and Interstate 5 in Stockton.

Park West Plaza, part of a 3,000-acre, 4,000-unit master planned community by A. G. Spanos, will be the only regional shopping center located on the I-5 corridor in the Stockton trade area, and the retailers are well aware of that fact. The project’s 580,000-sf first phase (on 53.8 acres) is better than 80% preleased, says leasing agent Rick Puttkammer of San Diego-based Burnham Retail group.

“If you know the dynamics of Stockton, the you know retail is predominately in the city, which is not convenient to I-5 or 99,” says Puttkammer. “In addition to being able to pull existing Stockton customer, we’ve extended the trade area by virtue of being right off the freeway.”

Anchor tenants will include Target (123,680 sf), Kohl’s (88,248 sf), Sportmart (35,000 sf), Babies R Us (32,494 sf) and Bed Bath & Beyond (27,000 sf). Other national tenants include Borders, La-Z-Boy, Petsmart, Famous Footwear, Dress Barn, and Lane Bryant. Bank of America and Washington Mutual have laid claim to a couple of the out pads, says Puttkammer. Annual triple-net rates for in-line shop space range from $27-$30 per sf, while anchor tenants are likely paying about half that.

“This project has generated strong tenant interest because of its excellent access to and visibility on I-5, which is the primary transportation corridor through the entire Central Valley,” says Kitchell Development Vice President Don Glatthorn.

The 16-acre second phase of the project was supposed to be a home improvement user, but that deal died last week, says Puttkammer. A grocery store is one of a couple of alternative options, he says.

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?

Dig Deeper

GlobeSt

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 © 2021 ALM Media Properties, LLC. All Rights Reserved.