IE Business Daily Business news for the Inland Empire.
Starbucks has signed a 10-year lease to occupy space in Corona.
The 1,800-square-foot drive-thru facility will be built on an open parcel at 4300 Green River Road, according to Progressive Real Estate Partners in Rancho Cucamonga.
The property, visible from the 91 Freeway, is in front of a service-oriented retail strip center, next door to an 80,000 square-foot office complex and directly across from a Circle K gas station.
An estimated 46,000 vehicles pass by the site on a typical day.
Progressive represented the property owner, who sold the parcel for $905,000 sale to a private developer in Los Angeles County who will build the Starbucks, according to the statement.
Progressive, which also represented the developer, specializes in small to medium-sized transactions in the Inland Empire. Since its founding in 2008, the company has completed mores than 1,200 lease and sales agreements estimated to be worth more than $1.8 billion, according to the statement.
