Printable Version

TUSTIN, CA (December 29, 2003) – Coreland Companies of Tustin, Calif., one of the largest real estate service companies based in California, announced that in the last 90 days it has been awarded more than 567,000 square feet in new retail and residential assignments in Southern California including the management assignment for The Hub, a Sam’s Club anchored 173,000-square-foot shopping center in San Bernardino. The project, located at Interstate 10 Freeway and Tippecanoe Avenue, is owned by Hopkins Real Estate Group of Newport Beach, CA.

 In 2003, Coreland has added more than 3.5 million square feet of new management and leasing contracts including the management contract for the Southbay Pavilion at Carson Mall. "We’re very pleased to have been selected for both of these new assignments," said Chris Hite, co-founder and president of Coreland Companies. "Coreland Companies’ growth is a result of our continued effectiveness at optimizing the income-producing capabilities of our client’s real estate assets.”

In the fourth quarter, in addition to the management contract for The Hub, Coreland was awarded the following assignments: the management contract for Country Hills Towne Center, a 168,000-square-foot shopping center located in Diamond Bar, which includes tenants AAA, Rite Aid, Burger King and KFC; the management and leasing contract for Tyler Village, a 91,500-square-foot shopping center located in Riverside, which will undergo a major renovation; the management contract for Palms to Pines, an 82,000-square-foot shopping center anchored by Vons and Washington Mutual in Palm Desert; and the management and leasing contract for The Village at Birch Street Promenade in Brea, which consists of a 31,000-square-foot retail center anchored by Ann Taylor Loft, Bath & Body Works and Chico’s, and 30 residential loft units.

Patrick Galentine, co-founder of Coreland Companies, adds, “These new management and leasing contracts demonstrate our clients continued confidence in Coreland Companies and the breadth of services that we offer. In addition to welcoming new clients, we are excited that our existing clients want to give us more assignments. We are looking forward to another banner year in 2004 for Coreland Companies!”           

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.