Grocery Anchored Multitenant Retail Center, Moreno Valley Marketplace, Welcomes New Tenant, Lakeside Cleaners
IRVINE, Calif., (April 19) – TNP Strategic Retail Trust, Inc. announced today Moreno Valley Marketplace, a grocery anchored multitenant retail center, has a new retailer, Lakeside Cleaners.
Lakeside Cleaners will occupy 1,658 square feet, providing full service laundry and dry cleaning services over the 10-year term of their lease.
TNP Strategic Retail Trust acquired Moreno Valley Marketplace in November 2009. The 94,574 square foot newly constructed, upscale grocery anchored retail center is located in the Rancho Belago area of Moreno Valley, California. The multitenant property is anchored by Stater Bros, a major grocery store chain, and features Wells Fargo Bank and prominent fast food chains Subway and Jack In The Box.
About TNP Strategic Retail Trust, Inc.
TNP Strategic Retail Trust, Inc. is a publicly offered, non-traded real estate investment trust that invests in grocery anchored, multitenant retail properties, located primarily in the Western United States, and real estate related assets, including investment in or origination of mortgage, mezzanine, bridge and other loans related to commercial real estate.
About Thompson National Properties, LLC
Thompson National Properties, LLC provides real estate investment opportunities and asset management to high net worth domestic, foreign, individual and institutional investors. As of April 19, 2010 Thompson National Properties manages a portfolio of 134 commercial properties, in 31 states totaling more than 17.4 million square feet, on behalf of over 3,000 investor/owners with an overall cost of $2.3 billion. For more information regarding Thompson National Properties, please visit www.tnpre.com.
