California Centers

MAY 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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40 California Centers Magazine | May 2018 C C Canyon Inland Empire, a live enter- tainment venue that can accommo- date over 1,000 guests will open in the area formerly occupied by the food court. Another new major shopping cen- ter that reflects the changing face of retail is Lewis Retail Centers' Renais- sance Marketplace in Rialto which is opening this year. The 430,000 square foot development was originally planned to be anchored by Target but in response to changing market conditions is instead being anchored by a state of the art 14-screen Cine- mark Theater and 24 Hour Fitness. The impressive line-up also includes Burlington, Ross, Ulta Beauty, Gro- cery Outlet, Five Below and at least a dozen restaurants including Panera Bread, Chick-Fil-A, Panda Express, The Habit Burger Grill, September 's Taproom and others. Other major retail projects that are in development or have recently been completed or nearing completion in- clude: The Packing House District in Redlands anchored by Sprouts & Petsmart; Perris Marketplace in Perris anchored by Super Walmart; Good- man Commerce Center in Eastvale anchored by Costco; Sycamore Hills Plaza in Upland anchored by the first Inland Empire 365 Whole Foods; Ha- ven City in Rancho Cucamonga that is planned to be a 45,000-square-foot grocer anchored Food Hall; Menifee Lakes Plaza in Menifee anchored by LA Fitness; Norco Village in Norco and Day Creek Marketplace in Ran- cho Cucamonga, both of which are anchored by Stater Bros. In summary, the increasing popula- tion, record breaking job growth, new rooftops and robust business activity has led to an unprecedented demand for new retail options throughout the region. Bottom line: it's a great time for retailers, developers and inves- tors to be doing business in the Inland Empire. CC Brad Umansky is president of Progressive Real Estate Partners, a retail brokerage firm specializing in the sale and leasing of retail properties in the Inland Empire. He can be contacted at brad@progressiverep.com. Sycamore Hills Plaza in Upland is anchored by the first 365 Whole Foods in the Inland Empire. ACQUIRING & DEVELOPING NET LEASED PROPERTIES Premium California Site S Preferred | national Brand tenant foC uSed Crown Valley Vista Mission Viejo, CA | Opened Q1 2018 Starbucks Pleasanton, CA | Opening Q2 2018 SEEKING TO ACQUIRE: Drive-Thru Buildings | Restaurant Pad Sites | Commercial Land Sites RYAN D. SHEA • (310) 545-8350 • www.CalBayCorp.com Buena Park Fullerton Ontario Pleasanton Anaheim Monrovia West Covina Los Angeles La Verne Current California Projects

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