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ALHAMBRA, CA-Kohl’s Department Stores is coming to the Ratkovich Co.’s 38-acre office and retail development, the Alhambra, after buying 4.7 acres from Ratkovich for a 98,000-sf store that is due to open in March 2005. Kohl’s paid just under $5 million for the land at the 1000 Fremont Ave. development. The site is directly across Freemont Avenue from the Shops at the Alhambra. The deal was brokered by Robert Walsh of Cypress Retail Group, who represented both sides in the transaction. Wayne Ratkovich, president of L.A.-based the Ratkovich Co., says the new Kohl’s will complement Ratkovich’s own retail center, the Shops at the Alhambra, which is under construction and scheduled to be completed in the fall.Leases have already been signed with Starbuck’s Coffee, Jamba Juice, and Subway, and other leases with major retailers are being finalized. The Ratkovich Co., along with its partners, acquired the Alhambra, and the property on which the retail center will be built, in late 1999. The one-million-sf campus is currently home to such tenants as the USC Keck School of Medicine, the County of Los Angeles Sheriff’s Department and Department of Health Services, Tenet Healthcare and Southwest Administrators, among others.

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