In the News 2004
Sudberry Properties, Inc. Purchases Development Site in Canyon Hills
December 7, 2004
Sudberry Properties, Inc. has purchased a 21-gross-acre site located three miles east of I-15 on Railroad Canyon and Canyon Hills roads in Canyon Hills, just east of Lake Elsinore, Calif. The San Diego-based developer purchased the site from Pardee Homes.
CB Richard Ellis represented the buyer and seller in the transaction.
Situated within the 4200 home masterplanned community of Canyon Hills, the site is designated for a new 135,000-square-foot food and drug neighborhood center. Future tenants are Longs Drugs, Starbucks, Bank of America, Blockbuster Video, Jack in the Box, and Chevron.
Designed to embrace a California winery ambience and maintain the feel of the surrounding Canyon Hills community, the center will feature stone facades, gable roofs, open truss elements, broken-down massing elements, accessible pedestrian links and rich landscaping.
SGPA Architecture & Planning is the architect. Construction is scheduled to begin in spring 2005 and is slated for completion in the first quarter of 2006.
Founded in 1979 by Thomas Sudberry, Jr., Sudberry Properties, Inc. is a leading San Diego-based real estate development and asset management firm specializing in retail, urban community, and town center developments. The firm has developed more than five million square feet of community shopping centers and office/industrial parks, many of which are located within premier masterplanned communities throughout San Diego County, South Riverside County, and Las Vegas. Sudberry Properties employs a staff of 22 in headquarters located at 5465 Morehouse Drive, Ste. 260 San Diego, Calif. 92121-4714.
CONTACT: Bonnie Kutch, (619) 299-1010, info@kutchco.com