South OC Entry
May 8, 2022 - In February and March, 99 Ranch signed two leases totaling 86,430 square feet in Tustin and Aliso Viejo, Respectively.
The stores will be located in two retail properties by Irvine-based ValueRock Realty Partners.
In the larger of the two deals, 99 ranch signed a 45,000-square-foot deal at Aliso Commons, a 14.5-acre shopping center near the intersection of Aliso Creek Road and 73 toll road, with tenants including Michaels, Trader Joes, Taco Bell, and Walgreens. The grocer will take up a portion of a former Lowe's Home Improvement store.
It'll be 99 Ranch's first sport in South OC. ValueRock said late last month that 99 Ranch would also join the retail landlord's Larwin Square Shopping Center at 500 E. 1st St. in Tustin.
The Tustin market expected to open early next year, "bringing the surrounding community its only premier Asian grocery store," valueRock said in a statement.
"99 Ranch sees Tustin as an untapped market," Dennis Vaccaro, senior Vice President of ValueRock Realty Partners, told the Business Journal.
Vaccaro added that 99 Ranch will perform better in the location than prior retailers, like Vons.
"They know how to service the mixed demographics and are more agile than the larger traditional grocery stores," Vaccaro said.
The store will include frozen and fresh seafood with free services such as cleaning, frying, and steaming. It will also have an in-house café with Asian specialty foods like barbeque pork buns and sushi, and Taiwanese bakery.
The grocery chain was founded 40 years ago and will count five OC locations with the opening of Aliso Viejo and Tustin stores; it currently counts three stores total in Irvine and Anaheim.
ValueRock said it has been a frequent partner to 99 Ranch, with a business relationship spanning more than 30 years.
About ValueRock Realty: ValueRock is one of the nation's leading real estate investment and operating companies. We seek to bring a strong, innovative entrepreneurial mindset to generate a positive impact and long-term value for our investors, assets, and communities. In operation for over 30 years, ValueRock brings a track record of over $30B in transactions in investment management, asset management, financing, development, leasing, and operations.