Rancho Cucamonga, CA – July 24, 2023 – Progressive Real Estate Partners, the Inland Empire’s leading retail real estate brokerage, announced today the signing of three new leases totaling 24,220 square feet at Canyon Springs Marketplace in Riverside, California bringing the popular regional center to 100% leased.
Located at Day Street and Canyon Springs Parkway the property is adjacent to the heavily traveled 60 Freeway with superb visibility to over 180,000 cars per day. The 183,000+ SF center is home to Nordstrom Rack, Big Lots, Marshalls, Old Navy, Petco, Best Buy, Michaels and several other shops, restaurants and services.
Progressive Real Estate Partners President Brad Umansky and Senior Retail Specialist Albert Lopez exclusively marketed the property and represented the landlord, TDA Investment Group, in securing the following leases:
- Boot Barn – 18,300 SF – opening this fall
- Sephora – 4,320 SF – recently opened
- Urbane Café – 1,600 SF – recently opened
In addition to these leases, Umansky and Lopez also represented the Landlord in the leases with Nordstrom Rack (opened Fall 2022) and Big Lots (opened Spring 2021). Built in 2006, the center is part of the Day Street retail hub which serves a large trade area of over 500,000 people including residents of Moreno Valley, Riverside, Perris, Grand Terrace and Jurupa Valley. The average household income within a 20-minute drive is $102,246.
According to Brad Umansky, “There is significant demand for space in “best in class” shopping centers in SoCal’s Inland Empire region and the excellent co-tenancy, outstanding freeway visibility and impressive demographics made Canyon Springs Marketplace very attractive to all these retailers”.
Amy Goldfarb, VP of Asset Management at TDA Investment Group added, “We are very pleased that Canyon Springs Marketplace is back to 100% occupancy and simultaneously we’ve significantly improved the tenant mix to better appeal to our customers. Progressive Real Estate Partners has been outstanding to work with and they have provided invaluable expertise as we have navigated through the post pandemic era”.
About Progressive Real Estate Partners
Progressive Real Estate Partners (PREP) is a boutique commercial brokerage firm headquartered in Rancho Cucamonga, California. Founded in 2008, the firm specializes in the leasing and sale of retail properties in Southern California’s Inland Empire market. The office is also the exclusive Inland Empire representative of the Retail Brokers Network (RBN). Since the firm’s inception Progressive has completed over 1,200 lease and sales transactions valued at over $1.8B in over 35 cities throughout the region. Progressive uses the latest marketing and brokerage techniques to help retailers and property owners achieve their real estate goals.