Old Grove Marketplace's new Phase II tenants have signed ground leases valued at a total of more than $9.5 million, according to BRE brokers Steve Warfield, Bruce Schiff and Phil Lyons, who acted on behalf of landlord Sea Breeze Properties LLC in the recent transaction. The complex's Phase II component is slated to encompass a total of 102,000 sf, with Ralphs and San Diego National Bank occupying a majority of the space. The second phase's remaining 21,000 sf, which is currently being marketed for lease, will feature an 8,000-sf food court with a patio seating area.

Construction drawings for the second phase are currently being completed by project architect John Zierbach of Ziebarch & Associates, with contract bidding scheduled to take place in March. Phase II is expected to open for business in September 2004.

The Old Grove Marketplace development began moving forward back in 2000, when developer Sea Breeze Properties LLC, with Gary Levitt as managing partner, received approval from the Oceanside Planning Commission to build the project. Located on half of a 25-acre parcel situated at the intersection of Old Grove Road and Expressway 76, the complex's Phase I component is occupied by a McDonald's fast food restaurant and Shell gas station, and is anchored by a 163,00-sf Lowe's Home Improvement store.