Inland Empire Retail Center Boosted by 43k sf of New Signings

There have been four new lease signings at San Gorgonio Village, a newly developed shopping center totaling approximately 122k sf in the Inland Empire city of Beaumont. The center is located at the southeast corner of 2nd St and Commerce Way in one of the region’s fastest growing submarkets.

Totaling 43.1k sf, the leases include Grocery Outlet, Planet Fitness, Sherwin Williams, and Raising Cane’s. Other tenants in the center include Cinema West (opening May 21, 2021), In ‘N Out, ULTA, Five Below, and Jersey Mike’s, among others. The center is approximately 95% leased with two spaces remaining.

SRS Real Estate Partners negotiated the deals for the tenants. The center’s owner and developer, Wood Investments Companies, was represented by Phil Berry and John Romm of Commercial West Brokerage Inc.

Following is information on each of the four leases.

• Grocery Outlet signed a 10-year lease for 18k sf. SRS’ Garrett Colburn and Townsand Cropsey repped the tenant. The store opened in 2020.
• Planet Fitness signed a10-year lease for 17.5k sf. SRS’s Colburn and Cropsey represented the tenant. The store opened last month.
• Sherwin Williams signed a 10-year lease for 4k sf in a freestanding building. SRS’ Chris Kehl and Zach Leffers repped the tenant. The store will be opening for business mid-2021.
• Raising Cane’s 15-year lease is for 3.6k sf in a freestanding building. SRS’ Colburn and Scott Landgraf handled tenant negotiations. The restaurant opened in 2020.

According to Colburn, “despite setbacks from the pandemic, discount tenants like Planet Fitness and Grocery Outlet remain industry leaders, and Raising Cane’s is only getting stronger as we continue to open at least one new location per month on its behalf throughout the region.”