ValueRock Adds Target in Yorba Linda, 99 Ranch Market in Tustin
• Benefiting the Yorba Linda community, the new Target at Valley View shopping center re-energizes 35,000 SF building formerly occupied by Orchard Supply Hardware, adding an additional 5,000-square-feet to its premises.
• Tustin’s Larwin Square gets new 41,400-square-foot 99 Ranch Market, bringing the only full-service Asian grocery store to the immediate area.
IRVINE, CA – April 18, 2022 – ValueRock Realty Partners, one of the nation's leading retail and mixed-use real estate investment and operating companies, has signed three leases totaling 85,800-square-feet of space at two retail centers in Orange County. The activity includes the addition of national retailers Target and Denny’s to the tenant lineup at Valley View shopping center, located in Yorba Linda, Calif. The company has additionally signed a lease for a new 41,400-square-foot 99 Ranch Market at Larwin Square in Tustin, Calif.
Valley View shopping center is located in northeastern Orange County at the corner of Yorba Linda Blvd and Richfield Rd. at 17474-17568 Yorba Linda Blvd.
Target will occupy approximately 40,000 square feet of retail space, absorbing a former Orchard Supply Hardware store. Target plans to build-out a 5,000 square feet expansion area, on the east side of the building. Project renderings depict the building concept with a streamlined tonal façade, featuring curbside drive up for same-day pickup service. All Target stores aim to implement the company’s sustainability strategy, “Target Forward,” to be net zero across the chain by 2040.
Denny’s will occupy a 5,000 square foot retail space in a nearby building, on the property. Target will co-anchor the shopping center with Sprouts Farmers Market, which has a strong and loyal following from the neighboring community. Other retail and restaurant tenants include KFC, See’s Candies and Starbucks. Target and Denny’s are both expected to open in early 2023.
“ValueRock is delighted to welcome Target and Denny’s to Valley View shopping center and the Yorba Linda community,” says Dennis Vaccaro, Senior Managing Director of Asset Management with the organization. Target has been serving Orange County for many years, and this new, expanded store presents an opportunity to bring their great shopping experience to this part of Yorba Linda.
ValueRock also recently signed a new 41,400-square-foot lease at Larwin Square located at 500 E. 1st St. in Tustin. 99 Ranch Market committed to a 15-year triple-net lease at the property’s anchor building. The new market is expected to open in early 2023, bringing the surrounding community its only premier Asian grocery store.
The brand-new market will feature an impressive selection of frozen and fresh seafood, along with services such as complimentary cleaning, frying and steaming. The in-house café, “Eat Up!” will serve Asian specialty foods, such as ready-to-eat barbeque pork buns, sushi, chicken and noodles, silken tofu soups and a Taiwanese bakery to satisfy any sweet tooth. The Buena Park, Calif.-based grocery chain was founded forty-years ago, and with more than 50 store locations, is among the largest Asian supermarket chains in the nation. ValueRock’s business relationship with 99 Ranch Market is enduring, spanning more than thirty years.
About ValueRock: ValueRock Realty is a national leading retail and mixed-use real estate investment and operating company based in Irvine, Calif. With almost 30 years of operation, the company brings a track record of $30 billion in transactions in investment management, asset management, financing, development, leasing, and operations. The company’s vision is to bring cutting edge, multi-disciplinary capabilities through re/development to create new visionary uses and a sense of place for the Community through optimal mixed-use environments to maximize value.
For more information on ValueRock Realty Partners, visit www.valuerockrealty.com.