Description: Power Center anchored by Bed Bath & Beyond, BevMo, Lowe’s, Michael’s, Ross Dress for Less
Location: Mira Loma/Riverside, CA
Parking Spaces/Ratio: 2,032 spaces or 5.5 per 1,000 SF
Land Size: 34.49 Acres
Equity Partner: Rockwood Capital
Riverside County Development
The Vernola Marketplace site was originally acquired in 2005 after an aggressive RFQ process. In 2007, Hopkins Real Estate Group began the ground-up development of the site, a 383,271- square-foot power center situated at the southeast corner of Limonite Avenue adjacent to Interstate 15 in Mira Loma/Riverside, California. The project features an impressive and dynamic tenant roster including Lowe’s Home Improvement (ground lease), Bed Bath & Beyond, BevMo, Petco, Michael’s Arts & Crafts, and Ross Dress for Less. The project was developed in partnership with Rockwood Capital.
Vernola Marketplace is located in Riverside County, part of the Inland Empire – the 14th largest metropolitan area in the United States and one of the fastest growing regions. Vernola Marketplace offers exceptional visibility, tenant signage and access due to its location adjacent to Interstate 15 with traffic counts exceeding 200,000 cars per day. In addition to the visibility and access from Interstate 15, the shopping center is located along a major local arterial, Limonite Avenue, offering an average daily traffic count of 40,000 cars per day.
