X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

TUSTIN, CA-The Coreland Cos. real estate services firm has landed 1 million sf in new retail management assignments for five shopping centers in Southern California, according to Chris Hite, co-founder and president of Coreland. The five include Mountaingate Village in Simi Valley, Downey Landing in Downey, Village Walk in Murrieta, Van Buren Plaza in Riverside and Main Street Village in Corona. Privately held Coreland’s new assignments range from all-new construction to established centers to space that is still under development. Downey Landing, for example, is a recently opened 389,000-sf project at the intersection of Lakewood Boulevard and Stewart & Gray in Downey. Best Buy, Old Navy, Marshalls, Ross, Staples, PETsMART, Michaels and Bed Bath & Beyond anchor Downey Landing. Eclipse Development Group of Irvine is the developer. Village Walk is a new 328,000-sf development that is under way at the northwest corner of Interstate 15 and Kalmia Street in Murrieta. The project includes Babies “R” Us, Bed Bath & Beyond, David’s Bridal, Famous Footwear, Lakeshore Learning, Levitz Furniture, Office Depot, Petco and Sportmart, plus a number of regional tenants and restaurants. Coreland is pre-development consulting for the project and has been retained for property management as well. The owners of the center are Rancon Commercial of Murrieta and the Arthur Pearlman Corp. of Santa Monica. Mountaingate Village is a 222,000-sf venue at First Street and Los Angeles Avenue in Simi Valley that is anchored by RiteAid, 99 Cents Only, Valley Produce, Big 5 and Bally Total Fitness. Coreland has been hired to manage the shopping center and complete the cosmetic renovation. Scanlan Kemper Bard Cos. of Portland, OR owns the property. Van Buren Plaza is a 93,956-sf center at 5600-5750 Van Buren Blvd. in Riverside that is undergoing an extensive renovation and is being leased to a list of new tenants. The project is anchored by Dollar Tree and Payless ShoeSource and is owned by Kensington Real Estate Group of Tustin. Main Street Village is a newly developed 24,000-sf neighborhood center at 135-265 E. Ontario Ave. in Corona that is anchored by Trader Joe’s. Hopkins Real Estate Group of Irvine developed the shopping center.

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
  • 3 free articles* across the ALM subscription network every 30 days
  • 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 © 2020 ALM Media Properties, LLC. All Rights Reserved.