**Valore Ventures Acquires Site for Chico’s First Chick-fil-A**
Valore Ventures, a Beverly Hills-based real estate investment firm, has acquired a 1.5-acre development-ready parcel located at 2018 Forest Avenue in Chico, California. The firm has secured a long-term ground lease with Chick-fil-A to open the restaurant brand’s first location in the city.
Strategically positioned along one of Northern California’s fastest-growing retail corridors, the site lies between a Target-anchored and a Walmart-anchored shopping center. Its close proximity to California State University, Chico further enhances its visibility and access to a strong local customer base.
“We look forward to partnering with Chick-fil-A to bring its signature hospitality and freshly prepared food concept to the Chico community,” said Kenny De Angelis, Principal at Valore Ventures. “With continued population growth in the Sacramento Valley region and Chick-fil-A’s strong customer loyalty, we believe this project is positioned for long-term success.”
Chick-fil-A is planning to begin construction early next year on a dual-lane drive-thru quick-service restaurant, with a projected opening date of May 2026.
The transaction was facilitated by Blair Wheatley of Cushman & Wakefield and Geoff Mullen, formerly of CBRE, who represented the seller. Mike Tohikian of Hot Spot Properties represented Valore Ventures in the acquisition.
