IE Business Daily Business news for the Inland Empire.
A 96,000-square-foot retail center has opened in Rialto.
Rialto Village, developed by NewMark Merrill Cos, in Calabasas, is at Riverside Avenue and San Bernardino Road in the south part of the city, according to RENTV.com, a real estate website.
The shopping center is fully occupied. Tenants include Sprouts, Burlington, In-N-Out, and Quick Quack Car Wash, all of which opened last month.
Other merchants scheduled to be located there include Ulta, Five Below, Mochinut, Red Phoenix Nail Salon, West Coast Dental, Coffee Bean, Cold Stone, and Arrowhead Credit Union.
The project was 97 percent leased when it broke ground in August 2022, according to a statement on NewMark Merril’s website.
NewMark Merril and CBRE are in charge of leasing.
Rialto Village is NewMark Merrill’s second retail development in Rialto. The company, along with Pacific Retail Capital Partners in Los Angeles, also developed the Rialto Marketplace, which is next door to Rialto Village and is 100 percent leased, according to RENTV.com.
I think that is a good thing and it shows that the economy is turning around.