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| Fountain Valley City Center, at Brookhurst and the 405 Freeway, Fountain Valley, CA |
TUSTIN, CA –
Coreland Companies, one of Southern California’s leading real estate management
and brokerage firms, has been awarded three new property management
assignments.
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| Chris Hite |
The new assignments, including two properties recently
acquired by Memorial Health Services, complement Coreland’s growing management
portfolio that has seen the addition of 1 million square feet of commercial
properties this year.
Recently purchased
by Memorial Health Services, the 300,000-square-foot Fountain Valley City
Center is comprised of three, three-story office buildings situated around
a common courtyard.
Positioned at Brookhurst and the 405 Freeway, the company
expects to bring nearly 1,500 jobs to Fountain Valley by transferring the bulk
of its administrative support services to the property.
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| Slater Office Building, Fountain Valley, CA |
In addition, Memorial Health Services also acquired the
adjacent 60,000-square-foot Slater Office Building to further expand
this new corporate campus.
Cerritos Plaza is a 200,000-square-foot, neighborhood
shopping center strategically positioned along South Street, a main retail
corridor in Cerritos.
Anchored by Ralphs and CVS/pharmacy, the property is
scheduled to begin a major renovation by the end of the year. The ownership,
Cerritos Plaza, LLC, is also represented by Coreland’s brokerage team.
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| Cerritos Plaza, Cerritos, CA |
“We are looking
forward to working closely with our clients to reposition and strengthen the
value of each of these assets,” said Coreland Companies President Chris Hite.
“We take great pride in our ability to be a strategic partner and effectively
manage or lease properties through these efforts. Our teams approach each new
property in a very personalized manner to best address the unique objectives.”
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| Cathedral City Marketplace, Cathedral City, CA |
In addition to the
three properties, this year’s new management assignments also include: 8280 Melrose Avenue, a 3,000 square
foot retail building in Los Angeles; Cathedral City Marketplace, a
200,000-square-foot, grocery-anchored shopping center in Cathedral City; the
32,000-square-foot FAMSA Retail Building in Los Angeles; El Toro
Square, a 50,000-square-foot multi-tenant retail development in Lake
Forest; Vineyard Village, a 98,000-square-foot shopping center in
Ontario; and Corona Washburn Auto
Center, a 20,000-square-foot neighborhood center in Corona.
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| El Toro Square, Lake Forest, CA |
Coreland Companies (
www.coreland.com) is a full-service commercial real
estate company with expertise in retail, office and industrial properties. As
one of the largest privately held commercial real estate service companies
based in California,
Coreland’s current portfolio exceeds 100 properties and
totals more than 10 million square feet. Founded in 1990, the company boasts a
successful track record of commercial real estate ownership, management,
repositioning and brokerage.
For a complete copy of the company’s news release, please
contact:
Vicky Hammond
CORELAND COMPANIES
17542 E. 17th Street, Suite 420
Tustin, CA 92780
Direct Line 714-210-6746
Main Line 714-573-7780
Fax 714-573-7790
