MOD Pizza has completed leases for two new pizzeria locations in the San Francisco East Bay and North Bay areas. MOD signed a long term deal for 3,245 square feet of end cap space at the in-development The Orchards at Walnut Creek mixed-use center in Walnut Creek. Anchored by a new Safeway, the property is owned by Shadelands Park, LLC. MOD also leased 2,700 square feet of end cap space at the new Napa Crossing South shopping center at the corner of Soscol and Kansas avenues at the southern end of Napa. That property is owned by Napa Crossing South, LLC. The Napa location is expected to open this spring and the Walnut Creek location sometime early next year. James Chung with Cushman & Wakefield’s Retail Services group represented MOD in both transactions.
(EDITOR'S NOTE: According to sources in the industry, the transaction closed for $170 million. This is a developing story, and the pricing will be...