Raley’s & JMA Ventures Moves Forward with New Flagship Store in Truckee
WEST SACRAMENTO – Raley’s advances forward with plans to build a new flagship store in the town of Truckee. This past week, JMA Ventures successfully acquired the property located at Joerger Ranch on the corner of Highway 267 and Soaring Way, adjacent to the Truckee Tahoe Airport. The project will be developed in multiple phases and will consist of 16 acres for a lifestyle, mixed-use commercial center that will serve as a local and regional destination.
The first development phase will be anchored by a new 35,000 square foot Raley’s store and will serve both Truckee area residents and vacationers visiting the Sierra Nevada Truckee Tahoe region. This phase will also include an additional 20 to 24,000 square feet of specialty retail. Raley’s is committed to developing a store that compliments the Truckee community. The store will have increased amenities and an expanded food service department including restaurant-quality, grab-and-go options to serve as customers’ one stop-shop. And, the store decor will reflect the rustic mountain appeal native to the region.
“Raley’s is moving forward developing our store in Truckee; we are excited to provide the community with an innovative food shopping experience,” said Keith Knopf, Raley’s President & Chief Operating Officer. “Truckee represents an important addition for Raley’s strategic growth plan designed to deliver on our vision of infusing life with health and happiness.”
“We are very excited to hit this important milestone as we bring this new development to life,” said Todd Chapman, CEO, JMA Ventures LLC. “We are confident that this mixed-use project will help to enhance and revitalize the retail shopping experience in the region.”
The new center’s leasing will be handled by Ariel Fox and Hilary Parker of Retail West Inc (www.retailwestinc.com). “We are thrilled to be working on this project with Raley’s and JMA Ventures,” said Ariel Fox. “We want to help develop a gathering place for the community with a mix of great local, regional, and national retail and dining.”
Founded in 1935, Raley’s is a third-generation family owned regional supermarket chain headquartered in West Sacramento, California. Raley's team members strive to infuse life with health and happiness while aligning with the brand vision to change the way the world eats one plate at a time. Best known for high quality products, fresh produce, fine meats and outstanding customer service, the company operates 121 stores in Northern California and Nevada under four banners: Raley’s, Bel Air Markets, Nob Hill Foods and Food Source. As an innovative retailer, Raley’s is continually focused on creating a personalized shopping experience, while being a trusted source for nutritional information. Visit www.raleys.com for more information.
About JMA Venture LLC
JMA is a full-service investment and development firm focusing on real estate and leisure-lifestyle assets. JMA works on every project scope from concept and entitlement through completion and operation. The JMA portfolio includes landmark properties that span hospitality, resort, destination, residential, retail, office and commercial developments. JMA’s success is founded on a keen understanding of the user experience and a deep knowledge of trends, tastes and desires that drive the creation of truly unique places. As a company and as members of the communities in which JMA builds, JMA has a firm commitment to sustainability and a responsibility to better the neighborhoods in which JMA works – both environmentally and economically. For more information, visit www.jmaventuresllc.com.