There has been much speculation concerning the future of that giant, yet still vacant, Albertson’s building on Newport at Murrieta Road. Well the long and short of it remains the same, there has been interest but still no serious buyers.
As it stands, Albertson’s still owns the building and will continue to keep the property on the market under the real estate management of Springstead and Associates. Springstead & Associates specializes in working with well-known retail chains to help them either acquire and expand, or reposition and dispose of existing retail sites.
Although this particular location in Menifee was not optimal for Albertson’s, S & A continues to look for the right fit for the space taking into account many variables to ensure the next tenant’s success.
While it appears the building was simply boarded up and forgotten, there is actually a team of professionals working to fill the void. Using knowledge compiled of Menifee’s local market and surrounding shopping centers and current retailers the city can rest assured a new business will be coming to Menifee, it’s just not yet clear what that retailer may be.
The Albertson’s building at 21600 Newport Road is still actively for sale, any interested parties should contact Springstead and Associates.
Website: Springstead and Associates