SAN DIEGO—The Santee submarket is seeing more retail demand than El Cajon or even La Mesa, the Heritage Group's Kyle Clark tells GlobeSt.com. As we reported last week, the Santee City Council recently approved the Santee Station development group for the a 16,942-square-foot, four-building commercial center, located on 2.65 acres at 8866 N. Magnolia Ave. here. We spoke exclusively with Clark about the deal, retail demand in Santee and which other submarkets are emerging for retail.
GlobeSt.com: What stands out for you about the Santee Station development?
Clark: The site sits at the eastern entrance to the Santee market, with both the 67 and 52 freeways dropping motorists off onto Magnolia Ave. The tenants we have signed up are established, well-known businesses that will draw customers into the project, which will also benefit the co-tenants.
GlobeSt.com: How would you characterize the demand for retail development in this submarket?
Clark: Of the East County market, the Santee market is seeing more demand than El Cajon or even La Mesa. Lakeside seems to be heating up as well. We are adjacent to that submarket, which also bodes well for our location.
GlobeSt.com: What types of retailers are attracted to this market?
Clark: This location will lend itself well to other small food tenants, as well as service-based tenants such as dry cleaners, nail or beauty salons, real estate and finance offices and cellular providers. We are on the morning-commute side of the street and, with the signal at Rockville, access will also be easy for those going home.
GlobeSt.com: What else should our readers know about the Santee submarket?
Clark: Now that Santee has been expanding its residential developments and the freeways are complete, the area is becoming more and more attractive to families. The ability to obtain newer, quality housing is a big draw—as opposed to many of the older surrounding communities. This was not the case during the past 20 years, when not much was happening and access was not as convenient as it is now.
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Carrie Rossenfeld
Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on GlobeSt.com and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.
