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12/10/20
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Big Lots signed a lease for a 35k sf, anchor space in Riverside that was previously a JoAnn Fabrics store. The store, located at 2620 Canyon Springs Pkwy, is situated within the 183k sf, freeway adjacent Canyon Springs Marketplace.
Big Lots will join Marshalls, Old Navy, Petco, Bed Bath & Beyond, Best Buy, Michaels and several other shops, restaurants and services at the popular community center. The store is expected to open in early 2021.
Built in 2006, Canyon Springs Marketplace is located along the busy 60 Fwy corridor with superb visibility to over 130,000 cars per day. In addition, the center boasts impressive demographics with over 218,000 people in a five-mile radius with an average household income in excess of $71,000.
Big Lots is a well-known discount retailer operating over 1,400 stores in 47 states. This will be one of the first Big Lots stores in California to represent the brand’s new “Store of the Future” layout and overall design featuring upgraded lighting, paint, flooring and fixtures. The store will offer a wide assortment of affordable merchandise ranging from soft home, furniture and seasonal items to food, electronics, toys and accessories. The store will be prominently featured on the freeway pylon and shopping center monument signage.
Brad Umansky and Albert Lopez with Progressive Real Estate Partners represented the landlord in the transaction.
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