Hunter Partners has reported that Alder Creek Marketplace in Folsom is now 90% leased, more than a year before the grocery-anchored retail center is scheduled to open in the fall of 2027. The milestone follows the completion of two additional leases that further round out the project’s tenant mix.
Bank of Montreal (BMO) has committed to a 4,500-square-foot space at the property, adding a full-service banking presence to the center’s lineup of daily needs offerings. Pacific Dental Services has also signed on, taking 3,300 square feet and contributing healthcare and professional services to the mix of tenants.
On the leasing side, Matt Spear of CBRE acted as broker for BMO, while Matt Goldstein of Gallelli Real Estate represented Pacific Dental Services in its transaction. All leases at Alder Creek Marketplace, including the newest commitments, were negotiated by Andrea Sessions of The Edwards Company on behalf of Hunter Partners.
Alder Creek Marketplace is anchored by a Safeway grocery store and an adjacent Safeway Fuel Station, providing the central draw for the center. The project’s leasing status reflects strong interest from both regional and national brands that are seeking a position within the Folsom trade area.
In addition to BMO and Pacific Dental Services, a range of other tenants have already been secured. The restaurant and food lineup includes MOD Pizza, Chipotle, Jersey Mike’s and Paris Baguette, collectively building a variety of fast-casual and bakery options. Service and wellness-oriented tenants such as Nail Chateau II, Jet Set Pilates and Next Health are also committed to the center, broadening the mix beyond traditional retail. Financial services are further represented by Safe Credit Union, alongside BMO.
Commenting on the leasing progress, Josh Rupert, senior director of development at Hunter Partners, noted that a well-performing daily needs center depends on a diversified roster of tenants. He framed the current 90% leased status as evidence of demand from both regional and national retailers for a presence at Alder Creek Marketplace, as well as a sign of confidence in the broader Folsom Ranch area and the City of Folsom.
With opening targeted for fall 2027 and the majority of space already spoken for, Alder Creek Marketplace appears to be entering its final stretch of lease-up from a position of strength. The combination of a grocery anchor, fuel station, banking, healthcare, food-and-beverage, fitness and wellness uses positions the center as a neighborhood-serving destination focused on daily needs and convenience retail.
