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Grocery-anchored center close to I-80 and significant master-planned communities
RENO, Nv., Jan. 21, 2016 — JLL today announced that it has been retained by Yacoel Properties to manage Ridgeview Plaza, a 173,000-square-foot neighborhood center located in Reno, Nevada. The property has nearly 30 stores, and is currently anchored by Kohl’s, Safeway, Ross Dress for Less and PetSmart.
Sondra Van Metre, Director of West Coast Retail Property Management for JLL will lead the assignment for the center.
“Ridgeview Plaza is one of the best-positioned retail centers in Northwest Reno, given its proximity to a wealth of master-planned residential communities along I-80,” said Van Metre. “The presence of three other significant retail centers and restaurants along McCarren Boulevard guarantees significant traffic and interest in the property, which is home to a strong base of well-known, national retailers.”
Ridgeview Plaza was built in 1998, and is strategically located at the Southwest corner of Mae Anne Avenue and McCarran Boulevard, and offers easy access to I-80 (Exit 10) and is located adjacent to a big-box Supercenter. Additional key tenants include GameStop, Baskin Robbins, Massage Envy, Rocky Mountain Chocolate Factory, McDonald’s and Ulta.
JLL’s retail business serves as an industry leader in retail real estate services. The firm’s more than 800 dedicated retail experts in the Americas partner with investors and occupiers around the globe to support and shape investment and site selection strategies. Its retail specialists provide independent and expert advice to clients, backed by industry-leading research that delivers maximum value throughout the entire lifecycle of an asset or lease. The firm has more than 130 retail brokerage experts spanning more than 30 major markets, representing more than 680 retail clients. As the largest third party retail property manager in the United States, JLL is currently handling the management, leasing and/or disposition of more than 710 centers, totaling 83 million square feet specializing in regional malls, lifestyle centers, grocery-anchored centers, power centers, central business districts, transportation facilities and mixed-use projects. For more news, videos and research from JLL’s Retail Group, please visit: www.jllretail.com
About JLLJLL (NYSE: JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. With annual fee revenue of $4.7 billion and gross revenue of $5.4 billion, JLL has more than 230 corporate offices, operates in 80 countries and has a global workforce of approximately 58,000. On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 3.4 billion square feet, or 316 million square meters, and completed $118 billion in sales, acquisitions and finance transactions in 2014. Its investment management business, LaSalle Investment Management, has $57.2 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.
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