California Centers

JAN 2018

California Centers Magazine serves retailers, developers, shopping center owners, investment sales brokers and tenant representation firms throughout the state of California.

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10 California Centers Magazine | January/February 2018 C C P art of a 110-acre site bordered by four major streets in San Ber- nardino County, as well as In- terstates 10 and 210, Mountain Grove is a 477,000-square-foot retail center with entertainment, dining, retail and a health club located in the city of Redlands. The project is contiguous to Majestic's 520,000-square-foot Citrus Plaza shopping center, bringing the entire complex to just under 1 million square feet. Majestic started development on Citrus Plaza 12 years ago and with the completion of Mountain Grove in December 2015, has only 15 acres of land remaining to develop. "This property has exceeded our expectations in terms of the quanti- ty and quality of tenants as well as sales volumes," says John Hunter, senior vice president and director of development for Majestic Realty. "It speaks well to the strength of our primary trade area of Redlands, Yu- caipa, and Loma Linda as well as our secondary trade area that includes Beaumont, Banning, San Bernardino and the mountain communities." In developing Mountain Grove, Majestic knew there was demand. Citrus Plaza was developed in the mid-2000s, just before the recession. During the recession, Citrus Plaza did not lose any tenants, a signal that the demand in the market was strong, despite a slowdown in overall sales. "While the tenants did take a bit of a hit, the sales at Citrus Plaza re- mained strong by comparison to na- tional averages," says Hunter. "When we resurfaced from the recession in 2010, many of the tenants we had ini- tially spoken with about Mountain expressed strong interest. We also had interest from a number of new tenants, all driven by the success of Citrus Plaza." The two properties now have a combined 70 tenants, creating a crit- ical mass of retail for the area. The company's leasing team spent time to ensure that there was something for every consumer income level with a limited duplication of us- ers that includes, among others, a 40,000-square-foot 24-Hour Fitness, a 14-screen Harkins Theatre with luxu- ry seating, Nordstrom Rack, TJ Maxx, Kirkland's, Home Goods, Hobby Lobby, and Ross Dress For Less. There is also an outlet component to Mountain Grove, featuring tenants like Nike, Skechers, Banana Repub- lic, Gap, and Old Navy outlets. The company is in discussions to add two full-service sit-down restaurants to Mountain Grove in 2018, which will complement the food courts and the existing Citrus Plaza eateries like Red Robin, Famous Dave's Bar-B-Que, and Macaroni Grill. "Residents come to Mountain Grove and Citrus Plaza to spend the day. They can shop, eat, workout, and be entertained," says Hunter. Majestic also worked with its de- signers to create a number of public spaces throughout the centers so that visitors can relax, interact with each other on a personal level and through social media. Free Wi-Fi is available to customers within the centers' food courts. "We have several very nice Harkins Theatres is one of the anchors of Majestic Realty's 477,000-square-foot Mountain Grove center in Redlands, California. MOUNTAIN GROVE ADDS TO INLAND EMPIRE LIFESTYLE Majestic Realty's 477,000-square-foot center, adjacent to its successful Citrus Plaza, creates a retail nexus for the Redlands area. By Randall Shearin

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