New Rialto Retail Center Breaks Ground; Already 97% Pre-leased
The Rialto Village shopping center, a new supermarket-anchored retail center, is breaking ground in Rialto, CA this month and the property is already 97% pre-leased, according to CBRE. The 96,000-square-foot complex, developed by NewMark Merrill Companies, will be anchored by Sprouts, Burlington, Ulta and Five Below.
CBRE’s Brian McDonald and Walter Pagel, working alongside NewMark Merrill’s Greg Giacopuzzi have secured leases for nearly the entire project, save one 2,700-square-foot end cap space. A few of the tenants that have signed leases at Rialto Village include Mattress Firm, Arrowhead Credit Union, Quick Quack Car Wash, The Joint and West Coast Dental.
“Early commitments from high-quality anchor tenants sent a strong message to retailers interested in the pad sites and shop space that this is a dynamic location in an underserved area that will benefit from expanded retail options,” said McDonald in a news release.
Mark comes to ConnectCRE with an extensive background as a business and news reporter in San Francisco radio, as well as 35 years as a traffic reporter on several stations including KGO, KNBR, KCBS and KFRC. As a business reporter, Mark covered the tech world in Silicon Valley where he became familiar with real estate transactions in the hot Bay Area marketplace. He attended San Jose State University with a BA in Radio and TV Broadcasting and currently resides in the Lake Tahoe area where he gets to frequently enjoy all of his favorite activities: Golfing, Fishing, Hiking and Skiing.
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