Marketplace Properties was founded in 1985 by Michael Rue. In over three decades, the company has developed numerous successful neighborhood shopping centers in California and Arizona.
Most of the projects are anchored by a supermarket and/or a drugstore such as Albertson's, Sprouts Farmer's Market, Ralphs, CVS/pharmacy or Rite Aid. They have also worked with some of the premier ethnic supermarket and retail chain operators in Southern California such as El Tapatio Markets, Famsa, Saigon City Marketplace and Gigante.
Marketplace's primary focus is commercial retail and has experience in mixed-use development. Of the projects it has developed, about one-half have been ground-up brand new centers and the other one-half redevelopment of existing commercial properties.
Marketplace has received numerous awards from municipalities and governmental agencies for design excellence and creatively renovated projects. The company principals take special pride in their work and find excitement in opportunities to improve under utilized properties.
Since it's inception, Marketplace has developed over 1,500,000 square feet of leasable building area with a cumulative value of over $250 million.