Rancho Cucamonga, CA – April 21, 2022 – Progressive Real Estate Partners brokers Albert Lopez, Senior Retail Specialist and Pablo Velasco, Senior VP of Retail Leasing & Sales represented the landlord, Fritz Duda Company, in a 15 year ground lease with Texas Roadhouse for a new approximately 7,500 sf restaurant at the TownGate Plaza shopping center in Moreno Valley, California.
The restaurant, located at 22680 Centerpoint Drive, is expected to open in early 2023 and will replace the former Outback Steakhouse which closed in 2020. Texas Roadhouse will join Olive Garden, Chili’s, BJ Brewhouse, Starbucks, Yogurtland, Buffalo Spot (opening soon) and others at the center. Scott Turner with Retail West represented Texas Roadhouse in the transaction.
Founded in 1993, Texas Roadhouse has grown to more than 580 locations in 49 states and 22 international locations. The chain is famous for its hand-cut steaks, fall-off-the-bone ribs, made-from-scratch sides, and fresh-baked bread. Texas Roadhouse has received a number of industry and consumer awards including being recognized by Newsweek as one of America’s Best Customer Service restaurants in the Casual Dining category in 2019.
TownGate Plaza is ideally situated directly adjacent to the 60 freeway with traffic counts of over 125,000 cars per day and is part of a major regional retail hub with over 2M square feet of neighboring retail including Macy’s, JC Penney, Costco, Aldi, Burlington, Ross, 24 Hr. Fitness, Lowes and many others. The center serves the rapidly growing populations in the greater Moreno Valley trade area as well as those that are travelling to and from the Los Angeles basin to the Coachella Valley.
In addition to TownGate Plaza, Lopez and Velasco also handle leasing for Fritz Duda’s other Moreno Valley TownGate properties all within ¼ mile of this location. For more information about this transaction OR to learn more about other Moreno Valley opportunities you can reach Albert Lopez at 909.900.8922 | firstname.lastname@example.org OR Pablo Velasco at 951.961.1883 | email@example.com.
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 more than $1.8B in 35+ cities throughout the region. Progressive uses the latest marketing and brokerage techniques to help retailers and property owners achieve their commercial real estate goals.