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ALHAMBRA, CA-A new 17,750-sf retail center called The Shops atThe Alhambra has opened at the 1 million-sf office developmentknown as The Alhambra, with the 2.2-acre retail project expected todraw customers both from the office development and from nearbyneighborhoods. The $10 million retail is adjacent to a soon-to-becompleted, 98,000-sf Kohl's Department Store situated on 4.7 acresthat Kohl's purchased from The Ratkovich Co. in June.The Shops atThe Alhambra occupies a site on Fremont Avenue immediately north ofMission Avenue, with a tenant list that includes Starbucks Coffee,Jamba Juice, Nextel, Subway, Red Brick Pizza and Pickup Stix. WayneRatkovich, president of The Ratkovich Co., which is the owner anddeveloper of both the new retail complex and the Alhambra officecampus, calls the new retail center "the first step in transformingThe Alhambra from an office campus into a true urban community."Other plans for the office campus include a fitness center, housingand a day care center.The Alhambra's retail venue was designed byarchitect Alan Pullman with Studio One Eleven. In addition to theretail buildings, The Shops includes an open-air plaza with seatingfor 165, a Moroccan tiled fountain and five Canary Island palmtrees. The leasing agent for the retail property is Robert Walsh ofCypress Retail Group, who says he expects the center to be fullyleased within about 60 days.The Alhambra office development is hometo such tenants as the USC Keck School of Medicine, The County ofLos Angeles Sheriff's Department and Department of Health Services,Tenet Healthcare and Southwest Administrators, among others.Ratkovich initially purchased the Alhambra in late 1999 from SantaFe International, which had acquired it as part of its acquisitionof the CF Braun Co. Braun occupied the site as its internationalheadquarters for more than 60 years. As reported previously onGlobeSt.com, The Ratkovich Co. and Cigna Realty Investorsrefinanced the development earlier this year with a $98.6-millionloan from Mass Mutual Financial Group.

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