TUSTIN, CALIF. (Oct. 14, 2015) – Coreland Companies, one of Southern California’s leading real estate management and brokerage firms, has added four new retail property management assignments totaling half-of-a-million square feet. The recent additions respond to a targeted effort to expand the company’s management and leasing footprint across Los Angeles, Orange County and the Inland Empire.
“We are proud to be taking on these new Southern California assignments for a combination of new and existing clients,“ said Coreland Companies President Chris Hite. “Working as strategic partners with our clients, our teams are committed to addressing each property in a very personalized manner in order to provide the most effective management and leasing services.”
The Triangle is a marquee entertainment and restaurant destination located at the end of the 55 Freeway in Costa Mesa. The property was original developed in 1992 as a shopping destination formerly known as Triangle Square. Since Greenlaw Partners’ acquisition, the 200,000-square-foot institutional-quality asset has been dramatically repositioned and is near 100-percent capacity. It features key tenants such as Yard House, Tavern+Bowl, 24-Hour Fitness, Saddle Ranch Chop House and La Vida Cantina.
Located on the southeast corner of Telegraph Road & Orr and Day Road in Santa Fe Springs, Santa Fe Springs Promenade is a 114,629-square-foot multi-tenant retail center situated on 8.22 acres. The property is anchored by a 15,000-square-foot 99-Cents Only store, as well as Taco Bell, Auto Zone Jack-in-the-Box and Bank of America. It features a variety of local service and restaurants tenants. The ownership is also represented by Coreland’s brokerage team of Matt Hammond and Ben Terry.
Located in Moreno Valley, TS Marketplace is a 120,000-square-foot grocery-anchored shopping center positioned just off the 60 Freeway. The property features a variety of local tenants, in addition to anchor Food4Less, and junior anchors Fitness 19 and O’Reilly Auto Parts.
Corona Plaza is a 57,775-square-foot neighborhood center in Corona, located on Main Street and adjacent to a planned multifamily development. Anchored by Pep Boys, it features local tenants as well as available space for office or medical uses. Both TS Marketplace and Corona Plaza were recently acquired by IRA Capital.
In addition to the four properties, this year’s new management assignments also include three properties in San Bernardino County: Upland Town Square, a 104,565-square-foot Sprouts-anchored neighborhood center; Upland Hills West Plaza, a 30,566-square-foot strip center; and Rancho Las Palomas, a 68,987-square-foot multi-tenant retail and office development.