TUSTIN, CALIF. (November 11, 2013) – Coreland Companies’ brokerage division has been awarded five new leasing assignments, including a 20,000-square-foot ground-up development planned in Montclair, Calif. The additional Southern California assignments are located in Newport Beach, Costa Mesa, Orange and El Monte.
Montclair Shoppes, a ground-up development project of BOSC Realty Advisors, will be an ideal destination for quick-service restaurants and local services. The neighborhood shopping center is expected to be completed by Fall of 2014.
“Positioned adjacent to the popular Montclair Plaza and CostCo, the availabilities at Montclair Shoppes offer prime visibility and dense demographics for tenants not present in the local market,” said Matt Hammond, Coreland Director of Retail Brokerage. “It’s an ideal market that pulls from customers in Los Angeles County, Orange County and the Inland Empire.”
The five new Coreland listing assignments, three in Orange County and two in Los Angeles County, further solidify the team’s representation in the region, totaling more than 60 properties and three million square feet.
“This cross-section of properties is a logical addition to our portfolio, allowing us to partner with a group of new clients and strengthen our regional presence,” said Coreland’s Senior Vice President of Brokerage Steven Hogberg.
Hammond will handle the Montclair Shoppes leasing assignment. He and Coreland Senior Associate of Retail Brokerage Ben Terry will represent ownership in the four additional assignments listed below.
- 3305 Newport Boulevard, owned by TerraCotta Group, is a street-front retail center located on Newport Boulevard at the gateway to Balboa Peninsula. The 6,500-square-foot center features 850-1,072 square feet of premium, restaurant-ready space.
- Harbor Center features two recently-renovated retail buildings located on Harbor Boulevard just north of The Triangle, one of the busiest thoroughfares in Costa Mesa. With 7,762 square feet of gross leasable area, the center benefits from optimal visibility and dense demographics.
- 13011 Chapman Avenue is a 21,000-square-foot hard-corner location in Orange, positioned just minutes from Disneyland, Anaheim Resorts and the 5 Freeway. This ground lease opportunity features 1,800 square feet of available restaurant space on an approximate ½ acre pad.
- Golden West Plaza, owned by Spaulding Pacific, is a 10,000-square foot neighborhood center located off Lower Azusa Road and Baldwin Avenue in El Monte. Adjacent to Home Depot with convenient access to the 210, 605 and 10 freeways, the property features 900 to 2,000 square feet of available space for service and restaurant tenants.