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California  + Inland Empire  + Retail  | 

Apple Valley’s Jess Ranch Marketplace Trades for $89M

Houston-based Weingarten Realty divested Jess Ranch Marketplace in Apple Valley, CA for $89 million to Newport Beach, CA-based JH Real Estate Partners, Inc. The sale encompassed the grocery, lifestyle and entertainment portions of the 704,927-square-foot shopping center.

The more than 98%-leased property at 18989 Bear Valley Rd. is anchored by Target, Winco Foods, Burlington, 24 Hour Fitness, Cinemark, Best Buy, Bed Bath & Beyond, PetSmart, Rite Aid, Big 5 Sporting Goods, Staples, 99 Cents Only Stores and Ulta. Target, Winco Foods, Staples and 99 Cents Only Stores, were not a part of the sale.

Lucescu Realty represented the seller and procured the buyer.

Mark Lucescu says, “It’s an institutional-quality center; one of the most dominant and successful centers within the entire MSA with a blue-chip tenant roster, high grossing anchors and shops, an infill location, and high barriers of entry. Weingarten did a great job of developing, managing and leasing the center, and the buyer should continue that success.”

For comments, questions or concerns, please contact Dennis Kaiser

*This story was updated on Aug. 13th with buyer information.

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About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

  • ◦Sale/Acquisition
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