Commercial Real Estate : A weekly look at office and industrial real estate in the county. : FOCUS: LAGUNA HEIGHTS
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Laguna Heights, a new $30-million retail center in Laguna Niguel, is scheduled to open in late February. The complex, with an Italian Mediterranean town center theme, is currently 93% leased. Among its tenants are a Lucky supermarket, clothing boutiques, bank branches, specialty gift shops and restaurants. Plans also call for a day-care facility.
FACTS AND FIGURES
Address: Street of the Golden Lantern and Marina Hills Drive, Laguna Niguel
Developer: Shea Business Properties Architect: Architects Orange General Contractor: Shea Business Properties Leasing Agent: Grubb & Ellis Retail Properties division, Newport Beach Acreage: 15 Retail area, sq. ft.: 146,099 Parking capacity: 808 LARGEST STORES
Store: Lucky Food Center: 43,470 Square feet Pay Less Drug Store: 27,465 Square feet Crown Hardware: 7,500 Square feet Wells Fargo Bank: 5,563 Square feet
Source: Sheryl Edelstein & Associates.
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