Four Tenants Sign Leases Totaling 39,000 SF

TUSTIN, CA-Four tenants have signed leases for space totaling more than 39,000 square feet at three locations in Orange County and one in Riverside, according to Tustin-based Coreland Cos. The value of the four deals is approximately $7.2 million, according to Steven Hogberg, Coreland’s leasing and sales division senior vice president.

The largest of the deals was a 10-year, 20,160-square-foot lease that retailer dd’s Discounts signed at the 95,000-square-foot Van Buren Plaza in Riverside, where Coreland Cos. is the leasing agent. The neighborhood center is at 5700 Van Buren Blvd.

Dd’s Discounts, owned by Ross Stores Inc., is a family-oriented discount store that stocks housewares, home accents, bedding and bath products. The property owner, Kensington Real Estate Group of Tustin, was represented by Matt Hammond and Bryan Bauer, based in Coreland’s Tustin office. The tenant was represented by Jason Gordon of Epsteen & Associates in Santa Monica, CA. Hammond notes that dd’s Discounts chose Van Buren Plaza over numerous other sites “for its prime location in one of the most dominant Hispanic trade areas in the Inland Empire.”