January 25th, 2019 – Wood Investments Companies, Inc., a leading Orange County commercial real estate investment and management company specializing in retail, today announced the acquisition of San Gorgonio Village, a 14.30 acre Ground Up Development in Beaumont, California for an undisclosed amount. Centrally located adjacent to E First Street, and Highland Springs Ave. off the 10 Freeway.
SGV Land, LLC, a joint venture among Wood Investments Companies, Joel H. Farkas of American Gateway Resources, a real estate development company based in Colorado, and G & G Beaumont a California-based private real estate investment firm, acquired the property.
San Gorgonio Village is a Ground Up Development, which offers convenient access for local and regional shoppers with National, Regional and Local Tenants in an underserved retail market. Future tenants to be introduced in the center include: Grocery Outlet, Planet Fitness, 5 Below, Ulta Beauty, as well as Cinema West, which will be the only movie theater in the city or its neighboring communities. SGV, LLC also plans to add numerous other tenants ranging from quick service and sit down restaurants as well as clothing and service retailers. San Gorgonio Village is scheduled to open 2nd Quarter of 2020.
With the growing population in Beaumont and inclusion of a movie theater, we anticipate San Gorgonio Village will become the focal point for retail in the established and growing trade area as well as compliment the existing Tenants.
About Wood Investments Companies
Wood Investments Companies (WIC) is headquartered in Costa Mesa, Ca and operated and managed by Patrick Wood with the WIC team consisting of Matthew Bush, Jeff Hopkins and Jeff Nieabum.. WIC is a privately held commercial real estate investment and management firm that acquires, owns, operates and develops commercial retail and housing properties with a focus on value-add development and investments. The Company and its sister companies have over 40 years of combined experience and success in the California commercial real estate industry.