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8/24/22
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There are currently 18 businesses slated to take space at Rialto Village, a 96k sf shopping center development breaking ground this month at the southwest corner of San Bernardino Ave and Riverside Ave in the Inland Empire city of Rialto. The center is a development of NewMark Merrill Companies Inc.
The new project will be anchored by Sprouts, Burlington, Ulta and Five Below. We’re told there are also signed pad deals with Mattress Firm, Arrowhead Credit Union, Quick Quack Car Wash, and In-N-Out Burger, as well as shop leases with Cold Stone Creamery, The Joint, Nekter Juice Bar, Coffee Bean & Tea Leaf, and West Coast Dental, along with multiple local tenants.
NewMark Merrill Companies closed escrow on the site in early August with lease commitments representing 97% of the total shopping center square footage. Only one shop suite, a 2.7k sf end cap, remains available for lease.
CBRE’s Brian McDonald and Walter Pagel working hand-in-hand with NewMark Merrill’s Greg Giacopuzzi on marketing the center for lease. Rialto Village represents NewMark Merrill Companies’ second development in the city, having previously finalized development on the neighboring Walmart anchored shopping center in 2017.
McDonald noted, “Early commitments from high-quality anchor tenants sent a strong message to retailers interested in the pad sites and shop space that this is a dynamic location in an underserved area that will benefit from expanded retail options.”
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