Rancho Cordova, Calif., 2015-11-25 — /EPR Retail News/ — Raley’s Family of Fine Stores announced that it will be the anchor tenant at a new subdivision developed by Donahue Schriber. The neighborhood shopping center to be located at the southwest corner of Sunrise Boulevard and Douglas Road. Experienced commercial real estate developer, Donahue Schriber will begin construction in spring 2016.
“We could not be more excited about becoming a part of the greater Rancho Cordova community,” said Mike Teel, President, CEO & majority owner of Raley’s. “This new store meets Raley’s strategic plan for growth and fits perfectly in our portfolio of stores. Donahue Schriber is a great partner for Raley’s and well-known for innovative retail space development.”
This latest announcement is in alignment with Raley’s goal of bringing a fine, family-owned grocery option to the under-served area of Rancho Cordova. Currently, the closest fresh food offerings are located more than three miles away with some naming the area as a “food desert.”
The new, full-service grocery store will be over 40,000 square feet. Dave Mossman, Chief Investment Officer and Executive Vice President of Donahue Schriber said, “We are so excited to be partnering with Raley’s at our new development in Rancho Cordova. They are such a well-respected grocer with a clear understanding of what area residents want. The shopping center will also feature a fuel station, restaurants, retail, and services.” Raley’s plans to open the Rancho Cordova store in May 2017 and is currently the only grocer expanding in the Sacramento area.
About Raley’s Family of Fine Stores
Raley’s is a privately owned, family operated supermarket chain with headquarters in West Sacramento, CA. The company operates 124 stores in Northern California and Nevada under four banners: Raley’s Supermarkets, Bel Air Markets, Nob Hill Foods and Food Source. Raley’s was founded in 1935 by Thomas P. Raley and is a major grocery chain best known for high quality products, fresh produce, fine meats and outstanding customer service. Raley’s strives to make its customers’ lives easier and better by delivering a personalized food shopping experience. For more information, visit www.raleys.com.
About Donahue Schriber
Donahue Schriber is a privately held Real Estate Investment Trust (REIT) which owns and operates 66 shopping centers representing over 10 million square feet of retail space throughout California, Nevada, Oregon, and Washington. For more information about the company, visit its website at www.DonahueSchriber.com.
- Raley’s: Chelsea Minor, 916.207.7060
- Donahue Schriber: Audrey Yokota Rhoads, 714.966.6468
- City of Rancho Cordova: Ashley Downton, 916.296.1854
SOURCE: Raley’s Family of Fine Stores