|
|
2/26/21
|
Grocery Outlet agreed to a 10-year lease for a 16.1k sf anchor space at 12240 Hesperia Rd, within the 140k sf Hi-Desert Plaza in Victorville. The lease value was not disclosed.
Representative example of Grocery Outlet store |
 |
|
This will be the chain’s first High Desert store reflecting its modern prototype. Grocery Outlet is expected to open this summer and will join DD’s Discounts, Dollar Tree, Aaron’s, Goodwill, Bank of America and over a dozen other shops, services and eateries at the well-established community center.
Brad Umansky and Paul Su with Progressive Real Estate Partners represented the landlord, BH Properties, in the transaction. Grocery Outlet was represented by Townsand Cropsey and Garrett Colburn of SRS Real Estate Partners.
Grocery Outlet is a well-known rapidly growing discount grocer with more than 375 stores in California, Washington, Oregon, Pennsylvania, Idaho and Nevada. The store features a wide variety of quality name-brand and private label grocery items, fresh produce, frozen foods, meat, seafood and alcohol as well as health, beauty, household and seasonal items.
Hi Desert Plaza is located along a major retail corridor at the corner of Hesperia Road and Bear Valley Rd, which is one of the busiest intersections in the High Desert with visibility to over 72,000 cars per day. The center also features multiple points of ingress and egress and prominent monument signage along both streets. In addition, the center is in a densely populated area with over 177,000 people in a 5-mile radius and it benefits from a thriving daytime marketplace drawing from Desert Valley Medical Center, Victor Valley Community College and multiple local office and industrial parks.
|
|
 Return to the Archive page
|
|
|
|
|
Printer-friendly Version
Email an Associate
