Western Real Estate Business October 6, 2011
Los Angeles — Hobby Lobby has continued its expansion into California with another three locations totaling 227,450 square feet. All three sites were former Mervyns buildings. The arts and crafts chain has signed 10-year leases for 76,211 square feet of retail space at Palm Plaza Shopping Center in Temecula; 74,991 square feet at Terra Vista Town Center in Rancho Cucamonga; and 76,248 square feet at Placer Center Plaza in Roseville. Scott Burns and Shauna Mattis of Wilson Commercial Real Estate represented the landlord, Inland Western MDS Portfolio, LLC, a wholly owned subsidiary of Inland Western Retail Real Estate Trust, Inc., in all three transactions. Lea Clay Park and Solomon Ets-Hokin of Studley Retail Services represented Hobby Lobby in the leases. Chris Campbell of CB Richard Ellis’ Sacramento also partnered with Wilson Commercial on the Roseville transaction.
“Hobby Lobby is relatively new to the California market, opening its first store in Visalia in December 2010 with these three stores opening next in the state,” Burns said in a statement.