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Murrieta Crossings, formerly known as the Murrieta Home Center or Furniture Row, is experiencing revitalization and economic rebound. The once failing home retail center along Interstate 215 is now flourishing, thanks in part to recent marketing push by Cyndi Light of Coldwell Banker Commercial Sudweeks Group (CBC).
Just over a year ago, Murrieta Crossings, which includes over 230,000 square feet of prime retail space, sat mostly vacant with 33% occupancy rate. Today, the center is at 68% occupied with several new tenants who are relocating and expanding their businesses. According to Cyndi Light of CBC, several more deals are in the final stages of negotiation and the center is expected to reach 88% occupancy by the end of the year.
Katrina DeArmey of Bluett and Associates of Sacramento, the receivership of Murrieta Crossings, extends praise to CBC for their recent efforts. “Cyndi Light and her team have played an instrumental role in repositioning the center in the Temecula and Murrieta Valley by bringing multiple new tenants over the past year.” DeArmey is very pleased with the revitalization of the center and the work of Light and the CBC Retail team.
Light and her team, together with Bluett and Associates, have worked with the City of Murrieta to rezone the property to allow for a wider mix of uses, including restaurants. Rezoning to allow traditional uses, in addition to modifying the center’s CC&R’s, is aiding the transformation of the center from furniture stores to entertainment venues. Light has attracted clients that offer many choices for family fun and entertainment, breathing life into a development once stale. Light says she is thrilled to be bringing tenants together in one center to offer safe, fun entertainment the entire family can enjoy.
With over half-mile of freeway visibility, the center is attracting both local businesses and high-end national tenants, says Light. New tenants include: Brew Ligion, a micro brewery and full service restaurant and Ace’s Comedy Club, who recently expanded their space by adding an additional 4,100 square feet for a total 9500 square feet. California Veterinary Specialist is relocating from across the freeway and will occupy 11,044 square feet, along with Scotty’s Tux, relocating from north Murrieta. AntiGravity Sports, a trampoline sports arena complex will be occupying 34,103, offering more family fun and entertainment.
