The store, which covers 46,000 square feet, is an anchor of the center
A Ralphs supermarket in Riverside will become a Stater Bros. next year.
The 46,000-square-foot store is one of the anchors Mission Grove Plaza, a sprawling shopping center on Alessandro Boulevard.
Other tenants include Kmart, Stein Mart and the Galaxy Mission Grove Luxury + movie theaters. The center also has several full- and quick-service restaurants.
Developer Mark Rubin said that Ralphs’ five-year lease was due for renewal and when rent negotiations stalled he made a handshake deal with Stater Bros.
“All kinds of rumors are going around, and they’re all not true,” he said in a phone interview.
Ralphs is a subsidiary of the Cincinnati-based Kroger Co. Representatives did not respond to requests for comment.
Ralphs is a full-service market that includes a pharmacy and a branch of Union Bank. Its last day will be Nov. 11.
Stater Bros. will give the property an extensive renovation and open its store in the spring, according to a news release from the San Bernardino-based chain.
Stater Bros. is one of the Inland area’s largest employers with a staff of 18,000. In August, it marked its 80th anniversary and opened its 169th store in Simi Valley.
The new store will continue Stater Bros.’ traditions of low prices and friendly service, executive chairman Jack H. Brown said in the news release.
The company has announced construction of four other supermarkets in Menifee, Norco, Rancho Cucamonga, and Tustin Ranch.