RiverRock Adds 500,000 SF Via JV

SANTA ANA, CA-RiverRock Real Estate Group has expanded its property management and leasing portfolio to 8.5 million sf with the addition of more than 500,000 sf of commercial properties in the Coachella Valley that the company has added through a joint venture with Wilson Johnson Commercial. Wilson Johnson Commercial will now be known as Wilson Johnson RiverRock and will operate from its main Palm Desert office at 45445 Portola Ave. with Coachella Valley real estate industry veteran Brian Strahl in charge of the region.

The agreement expands RiverRock’s geographic reach into a new Southern California market, notes John Combs, founder and principal of RiverRock. The area serviced by the new joint venture will include La Quinta, Rancho Mirage, Indian Wells, Palm Desert and Palm Springs.

According to Scott Wilson, founding partner of Wilson Johnson Commercial, the firm “strategically decided to expand our property management offerings at the request of our clients.” Combining the Wilson Johnson platform with RiverRock “will bring a new level of management expertise to the Coachella Valley,” he says.