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4S Ranch Village expanding; Vision office, cleaners signed up

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Up to eight businesses can be added to 4S Ranch Village, which when completed this summer will mean the last construction for that shopping center, according to a center official.

Two buildings going up next to Fresh & Easy will add a combined 11,000-square-feet of shopping space, bringing the center to about 67,000 square feet, said Ann Forella, director of asset management for Buie Stoddard Properties. It owns 4S Ranch Village.

Anchor stores include Fresh & Easy, which opened a couple months ago, and Starbucks. There are several food and service-oriented businesses and a gas station.

Forella said RB Eyes, located in Westwood Shopping Center, has signed a lease for one of the new suites, as did Carmel Plaza Cleaners, located in the Village across from the new construction. By moving from Suite 107 to a new suite, Forella said the dry cleaner will gain almost 400 square feet, which will let it offer on-site “green” cleaning. It cannot clean on-site in its current location.

“We have several more negotiating leases,” Forella said, adding there are also two suites in the center’s first phase available. For details, call John Still with Flocke & Avoyer at 858-875-4676.

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In Rancho Bernardo, the former San Diego National Bank building — purchased by Nierman-BDI LP for $2.5 million from the FDIC earlier this year — is now fully leased. Nierman-BDI LP’s principal investors are Jim Nierman, Ron Bamberger and Phil Ladman.

Most of the building — a portion of the first floor and entire second floor — is leased by Real Living Lifestyles Real Estate, which signed a 10-year, $2.2 million lease according to a Boardwalk Development press release.

The other portion of the first floor will be occupied later this summer by Pacific Western Bank, currently located several blocks south on Bernardo Center Drive. It signed a 10-year, $2.7 million lease, according to the release.

While no details on the bank’s upcoming move are available yet, the real estate company’s 100 agents have moved from their former, smaller space less than a block away, said Rich Johnson, the RB office’s branch manager and company’s business development director. An open house is set for 5-8 p.m. July 14.

Johnson said for a decade the franchise was part of Windermere Exclusive Properties. That changed in April when it joined Real Living Lifestyles, new to the San Diego area but consisting of about 435 offices throughout 42 states. Nationwide it has about 12,000 sales associates.

The local franchise has eight offices — with two more opening soon in downtown San Diego and La Mesa — and about 400 agents, he said.

The franchise owners decided to switch from Windermere to Real Living because the latter “is very dynamic and new to Southern California,” Johnson said. “It possesses far greater resources, technology and affiliation (because) Real Living is owned by Brookfield, a $110 billion asset firm, that also owns Brookfield New Homes.”

The latter has many new home developments throughout San Diego County and the United States, he said, in addition to being “the second largest relocation company in the world.”

Real Living expanded in 2009 when it purchased GMAC’s 350 franchises, he added.

As for the move, Johnson said that was a timing opportunity since Real Living’s lease in the Union Bank building expired in March.

“(Our new site) is one of the most visible buildings in Rancho Bernardo and well-known,” he said. “It (also) has much more space.”

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