TUSTIN, CA (July 1, 2004) – Coreland Companies of Tustin, Calif., one of the largest real estate service companies based in California, announced today that in the last 60 days it has been awarded management contracts for three shopping centers in Southern California. This announcement comes on the heels of the recent opening of Coreland’s new office in Valencia.

In Dana Point, Coreland Companies was awarded the management assignment for Monarch Bay Plaza, a 269,961-square-foot shopping center located at the intersection of Pacific Coast Highway and Crown Valley Parkway. The newly remodeled shopping center, owned by The William J. Cagney Trust, is anchored by Gelson’s, Sav-on and Salt Creek Grill.

Maad Okko, Ltd., based in Laguna Hills, CA, awarded Coreland the management assignment for its Riviera Shopping Center located at Telephone Road and Eastman Avenue in Ventura. The 265,000-square-foot community center is anchored by Mervyn’s, Burlington Coat Factory, Chuck E. Cheese and Mann’s Theatre.

In Valencia, Coreland was awarded the management assignment for Cinema Park Shopping Center, a 32,400-square-foot speciality retail located at 23300 Cinema Drive. Owned by a private party, Cinema Park is anchored by Chorus Line and Stone Fire Grill.

"We’re very pleased to have been selected for these new assignments and further expand our presence throughout Southern California," said Chris Hite, co-founder and president of Coreland Companies. “Coreland Companies’ continued growth is a result of our ongoing effectiveness at optimizing the income-producing capabilities of our client’s real estate assets. The opening of additional offices, such as our recent office opening in Valencia, further demonstrates the strength of our commitment to our clients and our hands-on approach.”

Tustin, Calif.-based Coreland Companies is a full-service commercial real estate company with expertise in retail, office and industrial properties. Coreland Companies is one of the largest privately held commercial real estate service companies based in California with a current portfolio exceeding 100 properties and totaling more than 13 million square feet. Coreland Companies is based in Tustin, CA with offices throughout California.