GLENDORA, CALIF. — Sprouts Farmers Market and Marshalls are expanding into Glendora. The national grocer and retailer, respectively, will co-anchor the former Ralphs center on the southeast corner of Route 66 and Grand Avenue. Sprouts Farmers Market offers natural and organic produce and meat and a full service deli and bakery. Marshalls offers an assortment of merchandise, including family apparel, footwear and home décor. Champion Real Estate Co. acquired the asset in 2015 with plans to redevelop the property. The company has begun the initial phase of the redevelopment project with an expected completion date of June 2017.
ANAHEIM, CALIF. — The mayor and city council of Anaheim have unanimously approved construction of Jefferson Stadium Park, a 17.9-acre development adjacent to Angel Stadium of Anaheim, home of Major League Baseball’s Los Angeles Angels. Multifamily developer JPI is building the $364 million project, which centers around a 1,079-unit luxury apartment community. The development also includes a 1.1-acre public park and 14,600 square feet of retail space. The company plans to break ground in December. Residents of Jefferson Stadium Park will have access to Anaheim’s Regional Transportation Intermodal Center (ARTIC). The development is one mile from the Downtown Disney Shopping District, Disneyland and California Adventure theme parks. Also nearby is the public marketplace of the Anaheim Packing District. This is the second project for JPI in Anaheim’s Platinum Triangle neighborhood. Currently under construction is the $120 million Jefferson Platinum Triangle, a 400-unit luxury apartment community scheduled for occupancy in the fall of 2017. “Anaheim’s Platinum Triangle is a model for development efforts that encourage new projects, enhancing quality living experiences for the community,” says Heidi Mather, senior vice president and development partner for JPI. “This new project only strengthens our commitment to be a part of the revitalization of this …
VISTA, CALIF. — Colliers International San Diego Region has arranged the sale of an auto dealership property located at 1100 E. Vista Way in Vista. AV Vista acquired the 33,000-square-foot property from Security Chevrolet Inc. for $3.8 million. The buyer plans to redevelop the property, which is situated on 4.5 acres. Kirk Allison, Vic Gausepohl, Tucker Hohenstein and Mike Erwin of Colliers represented the seller, while Bill Barnett and Doug Hogan, also of Colliers, represented the buyer in the deal.
RANCHO CUCAMONGA, CALIF. — Progressive Real Estate Partners has arranged the sale of a multi-tenant retail center located at 9199 Arrow Route in Rancho Cucamonga. A Florida-based private investor sold the property to an Ontario, Calif.-based private investor for $2 million. Built in 2005, the 17,324-square-foot center is occupied by Meineke Car Care Center, AA Smog Center and Elite One Auto Collision Center. At the time of sale, the property was 87 percent leased. Frank Vora of Progressive Real Estate Partners represented the seller, while Barrett Woods of Lee & Associates represented the buyer in the transaction.
LAGUNA NIGUEL, CALIF. — Sentinel Restaurant & Hospitality Group is bringing its newest restaurant, Hendrix, to Ocean Ranch Village in Laguna Niguel. Located at 32431 Street of the Golden Lantern, the restaurant will offer flavors from a variety of American cooking techniques.
ALHAMBRA, CALIF. — NAI Capital has arranged the sale of Fremont Plaza, a retail power center located at 2500-2588 W. Commonwealth Ave. in Alhambra. City of Alhambra Successor Agency sold the property to an CTF Development NV for $24.8 million. At the time of sale, the property was 100 percent leased to Toys R Us, Party City and PetSmart. The sale also includes two ground leases to El Pollo Loco and Taco Bell. Situated on 7.4 acres, the property consists of three parcels. Scott Martin of NAI Capital represented the seller in the deal.
LOS ANGELES — Square Mile Capital Management has originated a $30 million mezzanine loan for California Market Center in downtown Los Angeles. The borrower, an affiliate of Jamison Services, used the proceeds to refinance the existing debt on the property, provide capital to complete renovations of the ground-floor common areas and retail space, and fund leasing costs for recently signed and future tenants. The 1.8 million-square-foot mixed-use property features retail, office and showroom space. The property is currently 55 percent leased to a combination of fashion and showroom, creative office and retail tenants. The property features three interconnected 13-story buildings and includes a bank branch and 2,200 parking spaces in two garages.
FREMONT, CALIF. — A public/private partnership between the City of Fremont, TMG Partners, SARES-REGIS Group and Summerhill Homes has broken ground on Locale @ State Street in downtown Freemont. Designed by KTGY Architecture + Planning, the transit-oriented residential and retail development will feature 157 for-sale residential units and 21,000 square feet of ground-floor, street-front retail and restaurant space along Capitol Avenue. Situated within walking distance of the Fremont BART station, the development will offer 81 flats and rowhomes and 76 on-grade attached rowhomes. On-site amenities include outdoor spaces with barbecues, landscaping, seating areas, a fitness studio and bike share program.
HANFORD, CALIF. — Fresno, Calif.-based developer 198/43 LLC has broken ground for a 150,000-square-foot Costco as part of the first phase of Hanford Marketplace in Hanford. Located on Lacy Boulevard, the Costco is slated to open in early November. The remainder of Hanford Marketplace’s first phase, including one to two freestanding pads and one to two multi-tenant pads, is scheduled for completion in mid-2017. The timing of the additional phases for the 450,000-square-foot, master-planned development will depend on initial lease up.
SAN DIEGO — San Diego Gas & Electric has given a Grand Energy Champion Award to Petco for the company’s San Diego headquarters. The 300,000-square-foot, pet-friendly facility was a former semi-conductor plant that expanded and relocated Petco’s support center from multiple buildings to one. More than 75 skylights and nearly 3,000 solar panels on the roof produce an 86 percent energy offset and allow the building’s lighting systems to run at only half capacity. Throughout the construction process, approximately 85 percent of all demolition materials were recycled. The building’s café uses highly efficient appliances to cook and prepare food for Petco’s partners. Outside, rain and runoff water flows through landscape elements around the building and parking lot that filter water through soil sediments. In return, water evaporates, instead of draining and polluting the ocean. The building’s energy efficiency is further accented by drought-tolerant landscaping and electric car charging stations for employee use.