The NAI Ontario team also represented Hutton Companies, owner of the College Park Retail Centre, in signing leases with four new tenants for the Center?s in-line shop space. The new Tenants include: 1) Computer Solutions 2000, who leased the 2,101 sq. ft. retail Suite 1A.? 2) The Tintura Salon, who leased the 1,345 sq. ft. Suite 4E. 3) Elements of Change Academy of Martial Arts, who leased the 1,413 sq. ft. Suite 4C and 4) Bayside Tanning, who leased the 1,345 sq. ft. Suite, 4 F.? The value of the sales and combined lease transactions is valued over $2 Mil.?? The Tenants will be open for business in early 2013.
?Hutton Companies are pleased to welcome these new businesses to College Park Retail Centre and thank our team at NAI Capital for their efforts. These new operators will provide much needed services to our established apartment residents within the College Park master plan and the Claremont Colleges.? ?Hutton remains confident that this development will continue to thrive and become a model for the future of this submarket,? Scott C. Felix, Vice President, Hutton Development Company.
?The College Park Retail Centre is a premier property within the Claremont/Upland market and retailers are beginning to take notice.? The properties unique features and Mediterranean architectural design make it one of the premier shopping centers in the Upland/Claremont area. In the last several months, four new retailers have signed leases. Additionally, the Center will also accommodate two approved and highly designed, free standing buildings for 7-Eleven and Baker?s Drive-Thru. ?We are committed to securing quality tenants to serve the area residents and there is still in-line space remaining, but it?s going fast,? noted Vicky Espinosa.
The parcel, located at the southwest corner of Monte Vista Avenue and Arrow Route, is strategically located to serve Claremont, Upland and Montclair communities including the seven Claremont Colleges which are located across the street.? The property is also part of the 40 acre Master Planned College Park, which includes 688 luxury apartments (fully leased) and 89 homes now under construction.? The Centre is 10 minutes from the Ontario airport and one mile from the 1-10 and 1-210 Freeways.
About Hutton:
Hutton Companies is one of Southern California?s leading real estate developers. Based in Orange County, CA, since 1977, and active in Los Angeles, Riverside, and San Bernardino counties, Hutton develops state-of-the-art, mixed-use, government, apartment communities, office, retail and light industrial properties. Hutton Companies and its affiliates have owned, developed and managed a portfolio of more than 3.8 million square feet of commercial real estate and 2,400 units of multi-family residential in Southern California. Hutton currently has hundreds of additional luxury apartment units under construction in Southern California.
About NAI Capital
NAI Capital is a leading Southern California commercial real estate firm headquartered in Encino, California. With 14 offices throughout Los Angeles, Orange, Riverside, San Bernardino and Ventura Counties, NAI Capital is the Southern California affiliate of NAI Global, a premier real estate service network with 350 offices spanning the globe. Since 1979, NAI Capital clients have built their businesses on the power of our expanding network. Our extensive services include: multi-site acquisitions and dispositions, sublease, tenant representation, lease administration and audit, investment services, due diligence and related consulting and advisory services. To learn more, visit www.naicapital.com NAI Capital Brokerage DRE #00806840
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