Burlingame, CA – Terranomics Retail Services, a dominant retail services provider in Northern California, announces the following transactions
The Block Roster Catching Fire, Adds Dick’s Sporting Goods and Blaze Pizza
Catellus Development has signed a 50,000-square-foot lease with Dick’s Sporting Goods and a 2,957 square foot lease with new eatery Blaze Pizza at The Block retail center in Fremont. An opening for Dick’s is expected in November and for Blaze Pizza an opening sometime late May. At over 1 million square feet combined, The Block/Pacific Commons comprise Northern California’s largest Power Center and feature many popular retailers such as Target, Costco, TJ Maxx/Home Goods, Nordstrom Rack, and Century Theaters. The center is well located at the southwest corner of Auto Mall Pkwy and Interstate I-880. Matt Kircher and Annie Jabuka with Terranomics Retail Services represented Catellus in both transactions.
Russell’s Fine Furniture Adds New Location in Downtown San Mateo
Family-owned Russell’s Fine Furniture has signed a lease for 14,615 square feet of space in along Central Park, the busiest block in Downtown San Mateo. Owned by The Tan Group, the center is located at 98 E. 4th Ave. Todd Oliver and Mike Costa with Terranomics Retail Services represented both landlord and tenant in the transaction.
Athleta Relocating from Mill Valley to Corte Madera Town Center
Women’s apparel brand Athleta will be opening at the Corte Madera Town Center this summer, as the retailer has signed a long-term deal for 4,362 square feet of space. Athleta will be relocating from Strawberry Village in Mill Valley. The Town Center is owned by 770 Tamalpais Drive, Inc. Athleta, a specialty brand owned by Gap, Inc., operates over 60 stores coast to coast, and this is one of several new stores opening nationally. Drew Greenspan with Terranomics Retail Services represented the tenant in the transaction.
New Village Oaks in South San Jose Signs on Chipotle, MOD Pizza and Supercuts
The new Village Oaks shopping center in South San Jose has signed new tenants, Chipotle Mexican Grill, Inc., MOD Pizza and Supercuts. Eateries Chipotle and MOD Pizza agreed to respective end-cap deals for 2,220 square feet and 2,644 square feet of space. Supercuts leased 1,187 square feet of inline space. Todd Oliver and James Chung with Terranomics Retail Services represented Hunter Storm Properties in the three transactions. Chung also represented tenant MOD Pizza and Drew Greenspan also of Terranomics represented tenant Supercuts.
When completed, the Target and Safeway-anchored Village Oaks will consist of over 300,000 square feet of new retail space in addition to 5 acres dedicated to high density residential.
Gap’s Multi-Brand Specialty Brand INTERMIX Opening at Palo Alto’s Town & Country
Multi-brand fashion brand retailer INTERMIX has signed a long-term deal for a new 2,397 square foot store at Palo Alto’s Town & Country Village. Owned by CEP Town & Country Investors, LLC the complex is located at NWC El Camino Real and Embarcadero Rd, directly across from Stanford University. Acquired by Gap, Inc. in late 2012, INTERMIX is a multi-brand fashion retailer with more than 30 boutiques across the United States and Canada and online atwww.intermixonline.com. Drew Greenspan with Terranomics Retail Services represented the tenant in the transaction.
The Sleep Train Coming Aboard New Alameda Landing Shopping Center
The Sleep Train has agreed to a long-term deal for 3,800 square feet of space at the new Alameda Landing shopping center. Owned by Catellus Alameda Development, LLC, the Target and Safeway-anchored Alameda Landing is a mixed-use retail/commercial center that will total ±291,000 square feet when completed. Matt Kircher and Katie Singer with Terranomics Retail Services represented the landlord and Todd Oliver also of Terranomics represented the tenant in the transaction.
New Concept Cocina Central to Join The Village at San Antonio
Cocina Central has signed a lease for 2,404 square feet of space at The Village at San Antonio Shopping Center in Mountain View. Cocina Central is a brand new restaurant concept from Chef Isabel Cruz, owner/operator of restaurants such as Barrio Star, Dragonfly, Isabel, Cantina and Coffee Cup, who joined forces with a new operating company in production of the restaurant. Cocina Central is scheduled to open early summer. Owned by Merlone Geier Management, LLC, The Village at San Antonio, a new urban center, is well located at the heavily trafficked intersection of El Camino Real and San Antonio Rd. James Chung with Terranomics Retail Services represented the tenant in the transaction.
Chik-fil-A to Join Pleasanton Square Shopping Center
Chik-fil-A has signed a ground lease for 35,000 square feet at the Pleasanton Square shopping center where it will build a brand new restaurant. An opening is scheduled sometine in early 2015. Owned by Reynolds & Brown, Pleasanton Square is a 205,000 square foot community center located at Interstate 580 and Hopyard Rd and anchored by Home Depot, Smart & Final and BevMo. Todd Oliver with Terranomics Retail Services represented the landlord and Mike Costa also of Terranomics represented the tenant in the transaction.
Starbucks Pours On More Stores in Silicon Valley in Los Gatos and Milpitas
Starbucks has signed two long-term leases for new coffee houses in the Silicon Valley. Starbucks leased 1,600 square feet at the Blossom Hill Square shopping center in Los Gatos, owned by Blossom Hill Development Company, and 1,900 square feet of space at a freestanding building at 1333 South Park Victoria in Milpitas, owned by RTD Investments. James Chung with Terranomics Retail Services represented Starbucks in both deals. Mike Costa of Terranomics represented the owner in the Milpitas transaction.
Sally Beauty Supply/CosmoProf Relocating and Expanding Stores Across Region
Sally Beauty Holdings, Inc. has signed three deals across the region on behalf of its brands Sally Beauty Supply and CosmoProf. The deals are composed of a brand new store and two relocations. A Sally Beauty Supply will open a brand new store in 1,510 square feet in Downtown Pleasant Hill within a center featuring Century Theaters and Lucky’s. The center is located at Contra Costa Blvd at Gregory Ln and owned by UBS Realty Investors, LLC. A Sally Beauty Supply will be relocated within San Francisco to 1,577 square feet at the Lakeshore Plaza shopping center, owned by ALECTA Real Estate USA, LLC, as the store moves from the City Center project now undergoing redevelopment. A CosmoProf will be relocating within Santa Clara to a 2,000 square foot space at the Smart & Final-anchored center on El Camino Real and Scott Blvd owned by Oakland Realty Loan Service (set across from future Target-anchored Santa Clara Centre). That store is relocating from Franklin St. Katie Singer with Terranomics Retail Services represented the tenant in all three deals.
Beach Hut Deli Riding Tide of Success into Rocklin Crossings
Beach Hut Deli has signed a deal for a new 1,800 square foot location at Rocklin Crossings shopping center. Beach Hut currently operates in 31 locations in California, Reno and Las Vegas, with plans to open several more. Blair Wheatley and James Teare, SCLS with Terranomics Retail Services represented Beach Hut in the deal.
Extreme Pita Expanding to Tracy Pavilion
Extreme Pita, a fast, fresh, fun and healthy oriented restaurant, has signed a deal for 1,435 square feet of space at the Tracy Pavilion shopping center, owned by Excel Tracy Pavilion. With locations across the US and Canada, Extreme Pita was founded in 1997 and claimed the first restaurant to marry old world authentic pita bread with healthier, fresh, and unique flavours. Drew Greenspan with Terranomics Retail Services represented the tenant in the transaction.
Menchie’s Fro Yo Scoops Up Space at Ridge at Creekside in Roseville
Menchie’s Frozen Yogurt has penned a long-term deal for 1,225 square feet of space at Ridge at Creekside shopping center in Roseville, with an opening scheduled for later this spring. The Center is owned by joint venture Evergeen/Britannia Land. In 2010, Menchie’s was awarded as the #1 fastest growing food franchise in the US and holds today the prestigious status of the largest self-serve frozen yogurt franchise in the world. Blair Wheatley and James Teare, SCLS with Terranomics Retail Services represented Menchie’s in the transaction.
Terranomics provides this information based on best-available knowledge and does not warrant accuracy provided us by 3rd parties. For further verification and/or questions, please contact the brokers listed below with the particular news announcement.
Primary Contacts (names are listed alphabetically):
Blair Wheatley, (916) 329-1547, firstname.lastname@example.org
Drew Greenspan, (650) 931-2203, email@example.com
James Chung, (408) 436-3630, firstname.lastname@example.org
Jessica Birmingham, (415) 677-0452, email@example.com
Katie Singer, (650) 931-2230, firstname.lastname@example.org
Matt Kircher, (650) 931-2220, email@example.com
Mike Costa, (408) 436-3660, firstname.lastname@example.org
Todd Oliver, (650) 401-2129, email@example.com
For market statistics or data, please contact:
Garrick Brown, Director of Research, (916) 329-1558, firstname.lastname@example.org
Terranomics is the dominant retail brokerage firm in Northern California. Terranomics currently has over 30 retail brokers leasing over 20 million square feet of retail property in Northern California and exclusively represents over 100 national and regional tenants. Terranomics has transacted over $3.3 billion in retail investment sales over the last five years. For 40 years, Terranomics has been actively involved in almost every development site and tenant roll-out in the region. Terranomics is the Northern California affiliate of Chain Links Retail Advisors. www.terranomics.com