Transcan Development Adds New Tenants Totaling 155,000 SF to Canyon Crossings in Riverside, CA Currently Under Construction

Transcan Development LLC of Alamo, the developers of Canyon Crossings, a $42 million, 90-acre mixed-use, freeway-oriented project, which is now under construction in Riverside, Calif., announces today its new tenants. John's Incredible Pizza, LA Fitness, Wickes Furniture and Home Gallery Furniture will join Wal-mart Supercenter at Canyon Crossings.

Canyon Crossings, the heart of Canyon Springs, a 180-acre master-planned commercial hub, is the only retail project fronting both Interstate 215 and State Highway 60. Upon completion, the project will encompass more than 740,000 square feet of retail, including a 230,000-square-foot Wal-mart Supercenter plus a mixture of other major retailers, specialty shops, restaurants and lifestyle venues. The project will also include 144,000 square feet of Class “A” office space.

John's Incredible Pizza is taking 50,000 square feet. LA Fitness is taking 45,000 square feet. Wickes Furniture is taking 45,000 square feet, and Home Gallery Furniture is taking 15,000 square feet.

According to Bob Bahen, CEO of Transcan Development, “We are negotiating with a major electronics store, which would be an exciting, new addition to the Inland Empire, and a sporting goods chain and an office supply store chain.”

CB Richard Ellis in Ontario is handling the leasing and marketing for the retail and office components. Tom Swieca and Tony Archer at CB Richard Ellis are leasing the retail component, and John Oien and Natalie Bazarevitsch are leasing the office component.

Construction completion of phase one is scheduled for first quarter of 2006. Summit Builders of Newport Beach is the general contractor. MCG Architects of Pasadena and Designers Collective of Lafayette, California serve as project architects.


About Transcan Development, LLC

Transcan Development, LLC, a California corporation based in Alamo, specializes in the development of large-scale, quality mixed-use projects that integrate some or all of the following components: retail, office, residential and transportation. Led by Robert J. Bahen, a seasoned veteran with a 30-year track record in all aspects of real estate development and complex redevelopment projects, Transcan Development’s long standing relationships with tenants, municipalities and lenders and its reputation for integrity and performance, has propelled it to the forefront of California development. Currently, the Company is in various stages of planning and development of nearly 3,500,000 square feet of retail, office and residential space throughout California. Visit www.canyoncrossings.com for more information about the Company and its mixed-use project which is currently under construction in the City of Riverside.

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