RIO RANCH MARKET LEASES FORMER RALPHS PROPERTY IN FONTANA

FONTANA, CALIF. — Hispanic grocery store chain Rio Ranch Market has leased a 45,000-square-foot retail space at Southridge Plaza Shopping Center in Fontana. The space was formerly occupied by a Ralphs supermarket. Rio Ranch hopes to open its new store in the second quarter of 2012. The value of its 10-year lease was not disclosed. Argent Retail Advisors’ Terry Bortnick represented both Rio Ranch and the center’s owner, Mabela, LLC, in this transaction.