More tenants in negotiations for Placerville center, plans suggest
The Business Journal — October 17, 2019

Target will fill a vacant former Kmart space at the Prospector's Plaza retail property in Placerville.
It appears an upcoming Target store has led several major retailers to consider joining a Placerville shopping center.
GC Placerville LLC, a joint venture of Gryphon Capital and Rich Development Co., bought Prospector’s Plaza on Missouri Flat Road in June. The purchase price for the 19.87-acre center was $24.13 million, according to records from real estate data service Reonomy.
Chris Shane, a managing partner with Gryphon Capital of Manhattan Beach, in July confirmed Target Corp. (NYSE: TGT) would fill a former Kmart space in the center, with a store expected to open next year.
Shane also said Prospector’s Plaza would see a full renovation and improvement plan, including lighting, landscaping, paving and building façades. The center is more than 243,000 square feet.
Now, it appears Prospector’s Plaza could see several more retail additions.
Online leasing materials from commercial real estate brokerage CBRE show at least two businesses that are in lease negotiations: Mattress Firm and Bath & Body Works.
At least four more businesses are in letter-of-intent negotiations, according to those materials: Old Navy, MOD Pizza, Aspen Dental and Chili's Grill & Bar.
Shane said no new leases have been signed for the center.
Old Navy spokeswoman Justine Jordan did not confirm a possible Placerville store. Gap Inc. (NYSE: GPS) is the parent company of Old Navy, but is expected to spin off the brand into its own publicly traded company next year.
Representatives from Mattress Firm Inc., Bath & Body Works, MOD Pizza, Aspen Dental Management Inc. and Chili's did not immediately respond to emails seeking comment. Chili's is operated by Brinker International Inc. (NYSE: EAT).
With the exception of Aspen Dental, all those chain businesses already have multiple Sacramento-area locations. In addition to its other national sites, Aspen's website lists dental practices in four places in California, the closest of which is in Modesto.
Any new tenants would join a variety of existing businesses in the center, such as Ross Dress for Less, CVS Pharmacy and Save Mart.
More Prospector's Plaza Press
5 things: Dunkin’ opens store in Prospector’s Plaza near Placerville
The Business Journal
October 12, 2024
For more than two years, we've been following the progress of a planned Dunkin' store in the Prospector's Plaza retail center near Placerville.
Read More5 things: Dunkin’ sets tentative opening date for store in Prospector’s Plaza near Placerville
Sacramento Business Journal
June 16, 2024
Latest on planned Dunkin' location near Placerville. National Donut Day is Friday, but I couldn't hold back on this news.
Read MoreQuick demo
Mountain Democrat
March 14, 2024
A demolition crew from J. A. Snyder Pacific West was busy late last month making way for a Quick Quack Car Wash at 3982 Missouri Flat Road in Placerville.
Read MoreDunkin’, Quick Quack Car Wash expected to open next year in Prospector’s Plaza near Placerville
Sacramento Business Journal
November 2, 2023
More changes are coming to Prospector's Plaza near Placerville in 2024, with the arrivalof Dunkin' and Quick Quack Car Wash.
Read More5 things to know: Small-format Target store makes local debut
The Business Journal
August 14, 2020
It's been more than a year since we told you that Target Corp. would fill a former Kmart space at the Prospector's Plaza retail property near Placerville.
Read MoreShoppers aim for Target as Placerville location opens
Mountain Democrat
August 13, 2020
A soft opening of the new Target store in Prospector’s Plaza in Placerville drew a number of shoppers Wednesday.
Read MoreTarget set to open Aug. 12
Mountain Democrat
July 31, 2020
Eager shoppers get ready to start your engines because the new Target store in Placerville is set to open. Target management is planning a soft opening Aug.
Read MoreRenovations on ‘Target’
Mountain Democrat
April 22, 2020
More tenants in negotiations for Placerville center, plans suggest
The Business Journal
October 17, 2019
It appears an upcoming Target store has led several major retailers to consider joining a Placerville shopping center.
Read MoreTarget to open in old Kmart location
Mountain Democrat
July 11, 2019
A new Target store is slated to open in Prospector’s Plaza in the summer of 2020 while at the same time the entire shopping center will undergo renovation.
Read More