Progressive Real Estate Partners Leases Jr Anchor Space in Riverside to Inland Empire Health Plan

RANCHO CUCAMONGA, Calif. - Oct. 26, 2016 - PRLog -- Progressive Real Estate Partners announced today that it has completed a 5-year lease with Inland Empire Health Plan (IEHP) for a 7,550 square-foot retail space at 3590 Tyler Street in Riverside, California.  The prime location is surrounded by over 1.3 million square-feet of retail.  The space is next to Dollar Tree and BBVA Compass Bank and directly across from the Galleria at Tyler regional mall anchored by Nordstrom, Macy's, Barnes & Noble and AMC Theatres.

Progressive Real Estate Partners retail expert Pablo Velasco exclusively marketed the property and represented the lessor and Thomas Pierik of Lee and Associates in Riverside represented IEHP.

Built in 1995, the property is ideally situated on Riverside's main retail corridor and easily accessible from both the high traffic Tyler St. and the busy 91 Freeway with a combined average daily traffic count of over 215,800 cars.  Additional neighboring retailers include Target, Kohl's Bed Bath & Beyond and Big Lots as well as several fast food and sit down restaurants.  The location also enjoys a population of over 1 million people within an 18 minute drive.

Headquartered in Rancho Cucamonga, California, IEHP is a not-for-profit insurer that serves over 1,200,000 members in Riverside and San Bernardino counties who are enrolled in Medi-Cal, Medicare and the Healthy Kids program.  They will be opening their second Community Resource Center at the new Tyler Street location in early 2017.   Open to IEHP members and the general community, the center will offer free health and fitness classes, educational and nutritional workshops as well as providing information on health coverage. For more information visit www.iehp.org

"The superb regional location, excellent co-tenancy and strong demographics made this an ideal location for IEHP to expand their services" according to Pablo Velasco,VP of Leasing and Sales Division at Progressive Real Estate Partners.  "Health related tenants like IEHP are increasingly choosing to locate in retail centers because they recognize the value of having a more prominent and accessible location and customers appreciate the convenience.  Personally, it's also fulfilling to be able to bring a new tenant to the community that promotes a healthy lifestyle," Velasco added.

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 500 lease and sales transactions 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. PREP is led by Brad Umansky, founder and president. For further information visit http://www.progressiverep.com.

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