Progressive Real Estate Partners Inks Seven New Leases at Hesperia, CA Shopping Center
- The seven leases total 19,600 SF and include Petco and 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 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 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.
About Progressive Real Estate Partners
Progressive Real Estate Partners (PREP) is a boutique commercial brokerage firm headquartered in Rancho Cucamonga, California. Founded in 2008, the firm specializes in the leasing and sale of retail properties in Southern California’s Inland Empire market. The office is also the exclusive Inland Empire representative of the Retail Brokers Network (RBN). Since the firm’s inception Progressive has completed over 500 lease and sales transactions in over 35 cities throughout the region. Progressive uses the latest marketing and brokerage techniques to help retailers and property owners achieve their real estate goals. PREP is led by Brad Umansky, founder and president. For further information visit www.progressiverep.com.
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