The project's developer, C.W. Clark Inc., celebrated the grand opening of the complex this past Sunday, along with city residents, Escondido mayor Lori Holt-Pfiler and representatives from such Gateway Center retailers such as Barnes and Noble, Baja Fresh, Panda Express and Michaels. The grand opening has come nearly a year after C.W. Clark broke ground on the project in April 2002. The La Jolla-based developer used $4.4 million of its own funds to build the complex, which was constructed by general contractor R.G. Petty, while Marshall Investments Corp. kicked in the additional $15.4 million.
Located at the northwest corner of Tulip Street and West Valley Parkway, Gateway Center encompasses a total of 115,000 sf, which is divided between retail and office space. The project's office component is housed in a 28,500-sf facility, while the rest of the complex is devoted to retail space. Gateway Center's retail portion is currently 90% leased to tenants including Barnes & Noble, which occupies 25,000 sf here, and Michaels, which has taken 23,500 sf. Additional Gateway Center occupants include First National Bank; The San Diego Union-Tribune; North County Camera; Panda Express; Baja Fresh; Mattress Discounters; Household Finance; Figure Magic; Hair Delight, Nails and Spa; Quizno's; Escondido Dental Group; Physical Rehabilitation Network; and Nextel.Mark Avilla and Matty Sundberg of BRE Commercial/NAI are handling leasing for the office building, while their BRE Commercial colleagues Steve Warfield, Tony Villasenor and Kevin Held are responsible for leasing retail space.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.