CBRE Fully Pre-Leased the Newly Opened Rialto Village

CBRE fully pre-leased the newly opened Rialto Village retail center. CBRE’s Brian McDonald, Walter Pagel and Hannah Curran represented the landlord, NewMark Merrill Companies, on all 18 lease transactions.

"The location of this shopping center is poised for success," said Mr. McDonald, first vice president at CBRE. "It's located in one of the fastest-growing trade areas in the nation. The first phase of this project has an extremely strong co-tenancy and is anchored by one of the nation's top-visited Walmart.

The 10-building, 96,011-square-foot-grocery anchored retail center is located on the southwest corner of San Bernardino Avenue and Riverside Avenue. Tenants include Sprouts, Burlington, In-N-Out, Ulta Beauty, Five Below and Coffee Bean and Tea Leaf.

According to CBRE research, the Inland Empire retail market exudes positive fundamentals. In Q2 of this year, tenant activity, development and investment sales occurred in the market, standing as evidence of a healthy market.