Sudberry Properties Acquires 12.5 Acres For 131,800-Square-Foot Millenia Commons
HomeGoods, Cost Plus World Market, Ross Dress for Less, buybuy Baby, Mattress Firm, Hurricane Grill & Wings, Papagayos Grill & Cantina and more have signed leases.
CHULA VISTA, Calif. – May 16, 2017 – Sudberry Properties, which has developed nearly nine million square feet of retail, office and industrial properties in San Diego, Riverside and Los Angeles counties, Nevada and Texas, has purchased 12.5 acres from Stratford Land for the development of Millenia Commons, a 131,800-square-foot lifestyle destination center at the gateway to Millenia. It will be located directly south of Otay Ranch Town Center bordering Birch Road, with maximum visibility from SR 125. Terms of the transaction were not released. Preleasing efforts by Flocke & Avoyer have resulted in leases with HomeGoods, Cost Plus World Market, Ross Dress for Less, buybuy Baby, Mattress Firm, Hurricane Grill & Wings, Papagayos Grill & Cantina, Menchie’s Frozen Yogurt, Great Clips, Jamba Juice, McDonald’s and Pacific Dental Services. Sudberry Properties’ development team includes Andrew Hull Stevenson Architects, and GroundLevel Landscape Architecture. Millenia Commons, which will extend on both sides of Millenia Avenue on two separate parcels, will feature contemp-orary urban design with an emphasis on walkability and outdoor gathering spaces to create a strong sense of place. The center will have a contemporary character, reflecting the modern urban style of the overall Millenia master plan. Construction is planned to start this summer with the grand opening anticipated in summer 2018. “We’re excited to become a part of Millenia – and obviously so are a large contingent of nationally recognized tenants,” said Colton Sudberry, president of Sudberry Properties. “We’ve enjoyed a great response from best-in-class retailers and restaurants who share our enthusiasm for this future urban hub. Our experience in South County with EastLake Village Marketplace has been excellent and we look forward to another opportunity to serve South County residents,” he said. Guy Asaro, president of Meridian Development, which is managing development of Millenia for the property owner Stratford Land, said, “Sudberry Properties is unsurpassed in San Diego County for creating inviting lifestyle centers. We sought them out for their vision, their unmatched reputation, their commitment to environmental sustainability and their market savvy. They are a perfect match for our vision of Millenia,” he said. Millenia Commons is the primary retail component of the 210-acre Millenia master-planned community, which is designed to be the urban epicenter of South San Diego County. Designated a SANDAG Smart Growth Urban Center, Millenia is planned for 3,000 multifamily residences, 2 million square feet of Class A office space, 1.5 million square feet of retail, hospitality, civic and mixed-use projects and six urban parks, woven together with a system of tree-lined promenades, bikeways, and plazas. Sales are underway for urban-style residences by Shea Homes San Diego and Meridian Communities. For information, visit MilleniaSD.com # # #