ROSEVILLE, CA-Kobra Properties, a Rocklin-based developer, plans to build two new retail complexes along Highway 65 in Roseville, which city officials hope will attract big-name retailers.

Kobra Properties, which is partially owned by Jack in the Box franchisee Abe Alizadeh, is in negotiations to buy a 14-acre site near Stanford Ranch Road and a 9-acre site at Pleasant Grove Boulevard and Fairway Drive—both from Florida-based Richland Communities, Inc. The multi-million dollar sales are expected to close in the next few weeks. Both transactions are being handled by Steve Edwards of Potter-Taylor & Co.

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