- Seven new leases signed Hesperia shopping center total 19,600 SF include Petco and the first “high desert” location of The Habit Burger Grill
- Two New Retail Buildings 80% Pre-Leased Before Breaking Ground
Rancho Cucamonga, CA – May 27, 2015 – Progressive Real Estate Partners announced the signing of seven new leases signed totaling 19,600 square feet at The Marketplace on Main shopping center in Hesperia, California. The recently opened Wal-Mart anchored center is located at 13401 Main St. at the southeast corner of Main Street and Escondido Avenue.
Paul Galmarini, Senior Retail Specialist, at Progressive Real Estate Partners represented the owner of the center, Pacific/Lewis Properties, a division of Pacific Development Group, on the following transactions:
- Petco – 10,000 SF
- The Habit Burger Grill – 2,500 SF first High Desert location
- Pieology Pizzeria – 2,000 SF
- Yogurtland – 1,200 SF
- Metro PCS – 1,400 SF
- Great Clips – 1,200 SF
- Nail Salon – 1,300 SF
A groundbreaking in April celebrated the commencement of construction on the two new ground-up retail buildings totaling 24,000 sq. ft. that will be home to the new stores. All seven retailers are expected to open prior to Holiday 2015. There are only three shop spaces remaining in the buildings ranging from 1500-1600 SF.
The Marketplace at Main has outstanding visibility and presence on Hesperia’s main retail corridor with an average daily traffic count of 42,000. The center is less than a mile from the heavily traveled 1-15 freeway and also enjoys strong demographics with over 116,000 people residing in a 5-mile radius with an average income in excess of $68,000.The Marketplace at Main has outstanding visibility and presence on Hesperia’s main retail corridor with an average daily traffic count of 42,000. Click To Tweet
“The combination of the high-profile location, Wal Mart co-tenancy, brand new construction and ample parking generated a lot of interest in the center and made it a highly desirable location for these stores.” according to Galmarini. “We were 80% pre-leased before breaking ground on the new buildings further demonstrating the strong demand we are seeing from retailers looking to expand in the High Desert region which is part of Southern California’s Inland Empire market” Galmarini added.
Press Release: The News Funnel Progressive Real Estate Partners
Original Source: News at Progressive Real Estate Partners