Coreland Picks Up 1M SF Of Listings

TUSTIN, CA-Coreland Cos. recently landed leasing contracts for nearly 1million sf of retail space throughout Southern California, part of apush to win new contracts that management says will continue.

The retail space includes seven shopping centers, a number of them ownedby investors Scanlan Kemper Bard of Portland, Ore. and Golden WestProperties of West Hollywood, Calif., Coreland principal PatrickGalentine tells GlobeSt.com.

The new assignments include 315,000-sf Arcadia Hub in Arcadia; 155,000-sf Crenshaw Imperial Shopping Center in Inglewood; 85,000-sfMargarita Plaza in Huntington Park; 163,000-sf Santa Fe Springs Plaza inWhittier; 146,000-sf Santa Susana Plaza in Simi Valley; and 23,000-sfSeco Plaza and 41,000-sf Del Rio Center, both located in Santa Clarita.

Galentine tells GlobeSt.com that the new business is a result of “a concerted effort to grow the leasing division” that Coreland embarkedon earlier this year and expects to continue throughout next year.”We’d like to bring on some more agents, and we’re going to keeppursuing new assignments,” Galentine says. He says the company’s goal isto continue next year with a growth strategy in which it hired three newbrokers, added substantially to its leasing contracts and opened asecond Los Angeles-area office in Valencia this year.

Coreland is a retail, office and industrial brokerage, propertymanagement, consulting and real estate services firm that manages about13 million sf in 100 properties for Catellus, Hopkins, GE Capital andother property owners.