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CHULA VISTA, CA-Shea Properties of Irvine has signed five preleases totaling nearly $45 million with tenants slated to move into the company’s 104,000-sf Marketplace at Windingwalk retail center, due to be completed this summer. The grocery-anchored neighborhood center is under way on a nine-acre site at the southeast corner of EastLake Parkway and Birch Road in the Otay Ranch Community of Chula Vista.

The tenants that have signed for the space include Vons Supermarkets, the In-N-Out Burger chain, Bank of America, Wells Fargo Bank and Oggi’s Pizza, with Shea represented in all of the deals by Stewart Keith of Flocke & Avoyer Commercial Real Estate, the leasing agent for the property. Vons has signed for 55,985 sf for 20 years andrepresented itself. The In-N-Out Burger deal is a ground lease for 35,000 sf for 20 years. The burger chain, which will operate a 3,240-sf restaurant on the site, was represented by Jon Horning of Flocke & Avoyer.

Bank of America signed for 5,000 sf for 25 years, Wells Fargo for 4,500 sf for 20 years and Oggi’s for 5,109 sf for 15 years. BofA was represented by Craig Killman of Jones Lange LaSalle, Wells Fargo by Don Moser of Retail Insite and Oggi’s by Jim Gotses of Pacific West Asset Management.

The Marketplace at Windingwalk is situated at the gateway to the village of Windingwalk, which is planned by Brookfield Homes and Shea Homes for approximately 2,300 residential units, 1,500 of which have already been built. Upon completion, Windingwalk will also include a new elementary school and junior high school. The Windingwalk development is part of the master planned community of Otay Ranch, which spans more than 21,000 acres and will total more than 23,000 homes upon build-out.

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