CERRITOS >> A furniture and home accessories store plans to open within a few months in a half-empty shopping center on the city’s east side.
Daniel’s Home Center, a family owned and operated business with three locations in Anaheim, purchased the $9.6 million, 3.83 acre neighborhood shopping complex, located at the southwest corner of Carmenita Road and Artesia Boulevard, on June 15, said Brett O’Keefe of Re/Max Commercial, who brokered the deal for Daniel’s Home Center.
Dollar Tree and Wilshire State Bank are tenants in the 43,568-square-foot plaza, but the 27,000-square-foot former Rite-Aid site — which Daniel’s Home Center will occupy — has been vacant about three years, said Christopher Maling, executive vice president with Colliers International, who negotiated the deal.
“Daniel’s Home Center is excited to be coming to Cerritos,” O’Keefe said. “They want to extend their reach.”
An exact opening date hasn’t been scheduled yet because Daniel’s Home Center needs to get building permits to remodel the site, O’Keefe said.
Daniel’s Home Center, which launched in 1991, also sells electronics and appliances.
The shopping center’s upcoming construction follows mega-million renovations at two other complexes in town. The former Best Plaza shopping center is undergoing an extensive $45 million renovation that will add more than a dozen new tenants, including Nordstrom Rack, Saks Off 5th and T.J. Maxx, when it opens later this year as Plaza 183.
The southwest area of Los Cerritos Center will receive a $40 million facelift that Cerritos officials project would pour $450,000 in new annual sales tax into city coffers and generate almost 1,000 jobs.
Contact Phillip Zonkel at 562-2098.
