Coreland.com - Coreland Companies Company News Section
Coreland Companies Information
17542 E. 17TH Street, Suite 420, Tustin, California
Phone: (714) 573-7780
Coreland Companies is a full-service commercial real estate company with expertise in retail, office and industrial properties. Coreland Companies is based in Tustin, California with offices in Utah and throughout Southern California. For more information, please call the company's headquarters at (714) 573-7780 or visit www.coreland.com.
Coreland Companies' brokerage division recently negotiated four leases totaling more than 9,101 square feet at the Carwood Center in Lakewood, Calif., a 107,000-square-foot Vons grocery-anchored shopping center. Newly signed tenants include: Bellflower Beauty College, PCS Express, Chronic Tacos, and The Green Room.
Coreland Companies was awarded a contract by Watt Properties, a division of Watt Companies, to manage a large portfolio of neighborhood retail properties located across Southern California totaling nearly 1.2 million square feet. The portfolio encompasses 12 retail properties that are located in Orange, Los Angeles and Riverside counties.
Coreland has enhanced its Brokerage division by adding industry veteran Kim Talley to its Retail Brokerage division. Talley was formerly a Senior Associate with CB Richard Ells and joins Coreland as Senior Associate, Retail Brokerage.
Coreland Companies negotiated three quick serve restaurant leases in Southern California, totaling 7,300 sq. ft. with a total value of more than $2.5 million. The leases were with Burger King, Five Guys Burgers & Fries and Waba Grill. Coreland represented the property ownership in all three transactions.
The brokerage division of Coreland Companies has negotiated four retail lease transactions in Southern California during the third quarter of 2010, totaling more than 50,000 sq. ft., with a total value of nearly $4 million. Coreland represented the property ownership in all four transactions.
Bryan Bauer of Coreland Companies represented the seller in the sale of a 3.3-acre vacant auto dealership in the 50+ acre, 14-dealership Santa Ana Auto Mall in Santa Ana, Calif. The purchase price was $5,750,000.
Coreland Companies negotiated two leases in Orange County for a total value of more than $3 million: 20,362 SF, 10-year, $2 million retail lease with Planet Fitness at Euclid Shopping Center in Anaheim; and 7,193 SF, 72-month, $1.0 million lease with Phoenix Group Information Systems at the Main Street Town Center in Santa Ana. Coreland is the exclusive leasing agent for both properties.
Coreland Companies represented the seller in the sale of a lender-owned industrial complex at 9220 Hall Road in Downey, Calif. The purchase price was $9,925,000. Prior to the sale, Coreland Principal Patrick Galentine was appointed State Court Receiver. Coreland was named property manager during the receivership period.
Coreland's Principal Patrick Galentine has been appointed State Court Receiver in matters involving four assets located in Southern California totaling 1,231,000 sq. ft. of retail, office and industrial space. Additionally, Coreland Companies will be responsible for the property management during the receivership period.
Coreland Companies has significantly enhanced its Brokerage division to oversee the firm's continued growth in the retail and office market sectors and has hired David T. Girty as Director, Office Brokerage and Benjamin Terry as Senior Associate, Retail Brokerage. Coreland also promoted Matthew Hammond to the role of Director, Retail Brokerage and Bryan Bauer to Senior Associate, Retail Brokerage.
Coreland has recently been awarded over one million square feet in property management contracts. Nearly half of the new assignments are on behalf of state court-appointed receivers. Coreland President Chris Hite says, "Coreland's combination of past experience with distressed assets as well as its current service platform enable the firm to customize a strategy that best suits each asset."
Corelandís Principal Patrick Galentine has been appointed State Court Receiver in matters involving two assets located in Southern California. Coreland Companies will be responsible for the property management during the receivership period.
Coreland Companiesí leasing/sales division negotiated two leases for more than $4 million. Coreland negotiated a 2,254 SF, 10-year lease with A&K Management, LLC, dba Arbyís, at Newport Camino Plaza, located at the corner of Newport Avenue and El Camino Real in Tustin. Coreland negotiated a 20,160 SF, 10-year lease with ddís Discounts at Van Buren Plaza, 5700 Van Buren Blvd. in Riverside.
Coreland Companies negotiated two leases: a 5-year lease with Orbital Sciences to occupy a 12,430 SF majority portion of the top floor of the six-story building at 7711 Center Ave., The Towers at Bella Terra (formerly known as One Pacific Plaza) in Huntington Beach; and a 7.5-year lease with The Glidden Company, dba ICI Paints, to occupy a 4,250 SF building at 3010 Bristol Ave. in Costa Mesa.
Coreland Companies has opened its second Orange County office, strategically located in Brea to better serve its clients in northern Orange County. Coreland's Regional Real Estate Manager Cynthia Swanson will head up the firm's new Brea office. This brings the total number of Coreland offices in Southern California to nine. Last year, Coreland opened an office in Salt Lake City, Utah.
Coreland Companies has recently been awarded eight new retail management assignments in Southern California totaling more than 1.5 million square feet including 47th Street Pavilion, Vernola Marketplace, Talega Village Center, Redlands Town Center, Porter Ranch Shopping Center; Diamond Hills Plaza, Mission Plaza and Centre Pointe Marketplace.