Located at the southwest corner of Jefferson Street and Fred Waring Drive, Jefferson Square will provide much needed retail services to the under-served, dense residential area including the affluent country club and single-family home communities, said J. Scott Fawcett, president of Marinita Development Co., based in Newport Beach, Calif. There are more than 93,000 people living in a three-mile radius with an average household income in excess of $70,000. Within a mile of the new shopping center, average household income is nearly $90,000.
“It’s a high traffic signalized intersection with more than 43,000 cars per day passing by the center, easy access from two major corridors and ample opportunity for expansion-minded retailers to serve the current and growing needs of the surrounding communities,”
Marinita Development currently has eight projects in various planning stages with a total of three retail projects that are currently under construction in Southern California. They include: The Shops at Sycamore Creek, a $42 million, 94,000 sq. ft. shopping center anchored by Vons “Lifestyle”
The general contractor is Mercer Construction of Temecula, Calif. KTGY Group, Inc. of Irvine, Calif. is the project architect. For leasing information on Jefferson Square, contact Maggie Montez at CB Richard Ellis in Indian Wells at (760) 341-5273 or Maggie.Montez@
About Regency Centers Corporation
Regency (NYSE:REG) is the leading national owner, operator, and developer of grocery-anchored and community shopping centers. At March 31, 2008, the Company owned 450 retail properties, including those held in co-investment partnerships. Including tenant-owned square footage, the portfolio encompassed 60 million square feet located in top markets throughout the United States. Since 2000 Regency has developed 189 shopping centers, including those currently in-process, representing an investment at completion of nearly $3.0 billion. Operating as a fully integrated real estate company, Regency is a qualified real estate investment trust that is self-administered and self-managed. For more information, visit www.regencycenters.com.
About Marinita Development Company
Marinita Development Company is a developer, builder and manager of retail, residential and industrial properties. The company and its principals have completed more than 50 projects throughout the western United States. Developing fine working and living communities since 1976, Marinita prides itself on its commitment to adhere to the highest quality standards in each project; the same standards are maintained with its relationships with major tenants and investor partners. It is Marinita's philosophy to be an investment builder, with plans on holding projects for the long-term. With offices in Newport Beach, Calif. and Las Vegas, Nev., Marinita and its affiliates currently own and manage 20 retail, industrial and residential communities. For more information, visit www.marinita.com.
# # #
