Rio Ranch Markets signs Fontana lease

Rio Ranch Markets, a grover specializing foods employed in the preparation of Latino cuisine,  has signed a 10-year lease at Southridge Plaza in Fontana, the brokerage invvolved in the deal announced.

Argent Retail Advisors founder Terry Bortnick represented the grocer and property owner, which is Mabela, LLC. The dollar value of the lease was not disclosed.

Southridge Plaza is in the 11600 block of Cherry Avenue, near Live Oak Avenue in Fontana. Rio Ranch is set to take up space previously occupied by a Ralph’s store.

The new Rio Rancho store is scheduled to open in the second quarter of 2012. The grocery chain is headquartered in Riverside.