Combined Properties, Incorporated is pleased to announce the acquisition of land in Wildomar, California.  The 3.26 acre parcel, located in Riverside County, is to be developed and will be known as the Shops at Bear Creek.  A 17,000 SF stand-alone Rite Aid, with a drive-through, will anchor the center.   An additional 9,500 SF of inline shops will occupy another building on the property.

Ronald S. Haft, Chairman and CEO of Combined Properties, said; “This transaction represents Combined Properties’ first development under our Net Lease Program.  We will continue to seek out these value-added opportunities as the company blends our successful tenant relationships with our growing development expertise.”

Combined Properties now has over a dozen properties in the Los Angeles metropolitan market.  In addition to the aforementioned location, the company’s portfolio includes: 9320 Wilshire Blvd. (Beverly Hills), Brentwood Place (Brentwood), The Center at Coldwater (Studio City), Chatsworth Plaza (Chatsworth), The Commons at La Verne (La Verne), Creekside Shops (Murrieta), Foothill Plaza (La Verne), Foothill Town Center (Foothill Ranch), Granada Hills Town Center (Granada Hills), Lincoln/Rose Shopping Center (Venice), Loehmanns Plaza (Reseda), Mart of Montebello (Montebello), Santa Monica & King (West Hollywood), Studio City Place (Studio City), Fountain & Olive (West Hollywood) and Sunset & Olive (West Hollywood).

Combined Properties, Incorporated is a private company based in Washington, DC and Beverly Hills, CA.  The company currently operates a portfolio of retail shopping centers totaling 5 million SF in the Washington, DC and Southern California markets and has eight (8) new projects in the pipeline from traditional suburban retail centers to urban mixed-use projects.