Coreland Lands 1M SF in Leasing, Management Contracts

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TUSTIN, CA-Coreland Companies has been awarded eight leasing and management contracts for nearly one million sf throughout Southern California. The contracts are for the leasing and management of six shopping centers and two office buildings. “We’re very pleased to have been selected for these new assignments and further expand our presence throughout Southern California in both the retail and office sectors,” says Chris Hite, co-founder and president of Tustin-based Coreland Companies. Coreland won a management contract from Hopkins Real Estate Group for their new corporate headquarters’ building, the Derian Corporate Center in Irvine. The two-story parcel is 110,000 sf and is located at 17461 Derian Ave. Additionally, Coreland was awarded the management contract for a 7,200-sf building at Birch Street Promenade in Brea. Coreland currently manages five other buildings at the mixed-use center for the same owner.Coreland has a portfolio, 80% of which consists of retail properties. Hite tells Globest.com that the company plans to seek out more retail opportunities with a focus on the Inland Empire. “We’re working with a number of clients on several significant retail developments in the Inland Empire which we hope to announce as new management and leasing contracts by the third quarter,” says Hite.In San Bernardino County, the company was awarded the management assignment for The Hub, a 300,000-sf shopping center anchored by Sam’s Club, Elephant Bar and BJ’s Pizza. Developed by Hopkins Real Estate Group of Irvine, The Hub is located at the intersection of Interstate 10 and Tippecanoe.Investec Real Estate Companies of Santa Barbara awarded Coreland the management and leasing contract for Montclair East Shopping Center, a 135,576-sf development anchored by Sportsmart, Ross, Office Depot and David’s Bridal. According to Hite, Investec used Coreland’s due diligence services, something that the company is looking to do more of in the future.In Los Angeles County, Coreland was awarded the management and leasing assignment for Angelus Grand Plaza, a 217,000-sf mixed use project at 3650 Olympic Boulevard. The property is anchored by Food 4 Less and Sav-on. In Palmdale, Coreland was awarded the management contract for Palmdale Gateway Shopping Center, a 99,913-sf shopping center anchored by Vallarta Market and located at 1703-1823 Palmdale Boulevard. In Santa Clarita, Coreland was awarded the management assignment for Seco Canyon Village, a new 41,853-sf shopping center developed by Hopkins Real Estate Group. Located at Seco Canyon Road and Copperhill Drive, Seco Canyon Village is anchored by Sav-on and Citibank. Coreland was also retained for management by the new buyer of the Daniel Freeman Marina Medical Office Building, a 52,776-sf office/medical building at 4644 Lincoln Boulevard in Marina del Rey.