Mary Alam Brings New Lease in Union Square
SAN FRANCISCO, CA – February 2016 – Mary Alam with NAI Northern California leased 1,826 square feet of retail space at 938 Market Street to CeX Ltd.
The storefront, formerly occupied by RadioShack, is located at the epicenter of Downtown San Francisco and features Market Street frontage with high pedestrian traffic. CeX signed a 10-year NNN lease at an above market rate. The lease includes 3% annual rent increases and four, 5-year options.
CeX Ltd. is a second-hand goods chain store that specializes in technology, computing, and video games. CeX was established in the UK twenty-five years ago and has close to five hundred stores worldwide.
Mary Alam with NAI Northern California represented both the landlord and the tenant in this transaction. Alam is a top producing broker at NAI Northern California with an expert knowledge of the San Francisco Bay Area real estate market. She specializes in leased investments with a focus on retail, office and redevelopment opportunities. Alam is highly skilled in providing value to her clients with her superior networking and deal-making skills plus top notch execution.
About NAI Northern California
NAI Northern California is full service commercial real estate firm in the San Francisco Bay Area and part of NAI Global, the largest managed network of Commercial Real Estate Brokerage Service firms in the World. Recognized as one of the Top 25 Commercial Real Estate Firms by the East Bay and San Francisco Business Times, NAI Northern California provides comprehensive brokerage, leasing, debt, advisory, and property management services for corporate end users, property owners, developers, investors and financial institutions.