Terranomics Significant Retail Transactions – January 31, 2014

New Alameda Landing Shopping Center Closes Deals with Anchor Safeway and Michael’s
January 31, 2014 – Catellus Alameda Development, LLC has officially signed on major tenants Safeway and Michael’s Stores at the brand new Alameda Landing shopping center.  Serving as one of the center’s primary anchors, Safeway penned a long-term lease for a new 50,000-square-foot supermarket, and also inked a ground-lease of 30,000 square feet for a complementing Safeway Gas station. Michael’s also agreed to a long-term deal and will be opening in 17,500 square feet. Matt Kircher and Katie Singer with Terranomics Retail Services represented Catellus in the transactions.

Situated on 72 acres at the NWC of Webster and Stargell Avenue, the Target and Safeway-anchored Alameda Landing is a mixed-use retail/commercial center that will total ±291,000 square feet when completed. Target is now open to customers, with the balance of the center scheduled to open fall 2014.

Dick’s Last Resort Opening Fun-for-All Establishment at Newly Renovated Anchorage Square in San Francisco’s Fisherman’s Wharf; IT’SUGAR Sweetens Occupancy
January 31, 2014 – CBRE Global Investors has signed a new lease for 9,151 square feet of restaurant space with Dick’s Last Resort at the Anchorage Square shopping center in San Francisco’s  Fisherman’s Wharf.  The restaurant is slated to open by summer 2014 and rounds out the re-tenanting of Anchorage Square as part of its multi-million dollar renovation. Rhonda Diaz Caldewey and Jessica Birmingham with Terranomics Retail Services represented the landlord. Caldewey, along with Steve Graul of Innovative Concept Associates, represented the tenant.

Dick’s Last Resort is a restaurant group that prides itself on offering a completely unique dining experience and the quintessential vacation hangout. This will be Dick’s third West Coast location, with other establishments currently in San Diego and Las Vegas, plus locations in other iconic cities like Nashville, Dallas, Indianapolis, San Antonio, Chicago, and Boston.

In addition, Anchorage Square’s existing tenant, IT’SUGAR, will be expanding its occupancy by 50%.  The popular candy store, which opened at the center 18 months ago, is already increasing its footprint from 1,500 square feet to over 2,400 square feet and will open its larger store by summer 2014.  Other new tenants include Auntie Anne’s Pretzels and Sbarro’s new concept Italian eatery.

Anchorage Square is in the process of completing a major three-phase renovation. Key upgrades include improved pedestrian and ADA accessibility and circulation,  comprehensive  branding and way finding signage, additional lighting  as well as major aesthetic improvements to the common area and interior courtyard including , painting, landscaping, new furniture as well as a 18 foot by 50 foot painted wall mural and 20-foot tall mosaic art installation.

Anchorage Square is a 152,000 square feet shopping, dining, entertainment, touring and lodging destination in the heart of San Francisco’s Fisherman’s Wharf.  Notable tenants include: Courtyard Marriott, Walgreens, In N Out Burger, Chipotle, Sunglass Hut, Cold Stone Creamery, Lids, Starbucks, Subway, Crazy Shirts, Avis, and Hertz.  Convenient, validated parking is available in the Anchorage Square Garage located at 500 Beach Street.  The center is adjacent to the vintage F-line Street Car stop and a short walking distance to the Cable Car and Muni bus lines.  For more information visit AnchorageSquare.com.

Casual Male Opening DXL Conecpt at San Bruno Towne Center
January 31, 2014 – Casual Male Retail Group will be opening another Destination XL (DXL) store in 8,215 square feet of space at the San Bruno Towne Center. Destination XL (DXL) is a unique, all-inclusive superstore that offers one of the most extensive assortments of men’s big & tall clothing and shoes available anywhere. This “one-stop-shop” concept is designed to make the big & tall man’s shopping experience more convenient and enjoyable. Katie Singer and Jessica Birmingham with Terranomics Retail Services represented DXL in the transaction.

TD Ameritrade and Starbucks to Join New Walnut Creek Project, The Village
January 31, 2014 – TD Ameritrade and Starbucks have signed respective leases of 4,988 square feet and 1,700 square feet of space at the site of The Village mixed-use project in Walnut Creek. Located at 1500 Newell Street, The Village is a new project that once completed will consist of 49 residential condominiums over 38,000 square feet of retail space. Both TD Ameritrade and Starbucks signed long-term deals on the ground floor and are scheduled to open upon completion of the project slated for spring 2015. The project is owned and being developed by Essex Walnut Creek, LLC. Rhonda Diaz Caldewey with Terranomics Retail Services represented TD Ameritrade, Inc. and Jessica Birmingham also of Terranomics represented Starbucks.

Orchard City Kitchen Joining The Pruneyard in Campbell, Filling Former Hobee’s Space
January 31, 2014 – Orchard City Kitchen will be opening a new 6,222 square foot restaurant at The Pruneyard shopping center in Campbell. Orchard City Kitchen, a new concept of well-known chef Jeffrey Stout that focuses on casual dining and sharing small plates. Orchard City Kitchen is anticipated to have about 130 seats, plus a large patio and is slated to open either late spring or early summer. It will fill the former Hobee’s space.  Notaby, chef Stout had earned a Michelin star at Alexander’s Steakhouse in Cupertino for several consecutive years prior to his departure. The Pruneyard is owned by Equity Office Properties. James Chung with Terranomics Retail Services represented Orchard City Kitchen in the transaction.

San Francisco’s The Beacon on Health Kick,  High Profile Property Adding Tender Greens and Barry’s Bootcamp
January 31, 2014 – San Francisco’s The Beacon, a high profile retail property located across from AT&T Park, has signed new tenants Tender Greens and Barry’s Bootcamp. Tender Greens, which serves fresh, healthy, chef-inspired farmer’s market dishes at an affordable price in a relaxed environment, leased 3,175 square feet for its new restaurant. Barry’s Bootcamp, popular for its military-like fitness approach and celebrity clientele and endorsements, took 3,752 square feet of space. Both tenants are aiming to open around summertime.

Located at 250-260 King St., The Beacon is anchored by hip and popular tenants such as Lucky Strike and recently opened Umami Burger, and a high performing Safeway. Rhonda Diaz Caldewey and Jessica Birmingham with Terranomics Retail Services represented the owner, INVESCO, in both transactions.

For more about Tender Greens, please visit http://www.tendergreens.com/. For more about Barry’s Bootcamp, please visitwww.barrysbootcamp.com or https://www.facebook.com/BarrysBootcampSanFrancisco.

Tomatina Opening New Italian Restaurant in Downtown San Mateo
January 31, 2014 – Tomatina has signed a long-term lease for a new 4,190 square foot restaurant in downtown San Mateo. Tomatina, which serves fresh Italian food, using housemade sauces and seasonal produce, will open its new restaurant at 401 B St., at the corner of 4th & B Street positioned across the street from Draeger’s. Todd Oliver with Terranomics Retail Services represented the Landlord in the transaction.

Noodles & Company Rolling Out Locations in San Diego County
January 31, 2014 – Noodles & Co. has begun its roll-out of restaurant locations in San Diego County, beginning with the lease of 2,837 square feet at the new Palomar Commons shopping center in Carlsbad. The center is owned by Sudberry Properties, Inc. Noodles & Co. has plans for more coming locations throughout the County. Sharon Carmichael with Terranomics Retail Services has teamed up with Michael Burton with Cassidy Turley to represent Noodles & Co in San Diego County.

Founded in 1995, Noodles & Co. completed their IPO last summer and is one of the fastest-growing, upscale fast casual restaurant companies in the Country, now with 345 locations in 26 U.S. states and Washington D.C.

Noodles & Company Keeps Up Bay Area Growth, New Location Coming in S.F.
January 31, 2014 – Noodles & Co. continues its Bay Area growth with the new lease of 3,475 square feet of space on the ground floor of 575 Market Street (Market Center) in San Francisco, the chain’s second new San Francisco location of recent. An opening is scheduled for this summer. The property is owned by John Hancock Life Insurance Company. Sharon Carmichael and Michael Seigel with Terranomics Retail Services represented Noodles & Co. Additional recent leases for Noodles & Co. have been completed in the Bay Area by Terranomics for Cupertino (a Target-anchored center), San Ramon (Crow Canyon Commons), and San Francisco (Metreon).

Founded in 1995, Noodles & Co. completed their IPO last summer and is one of the fastest-growing, upscale fast casual restaurant companies in the Country, now with 345 locations in 26 U.S. states and Washington D.C.

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):
James Chung, (408) 436-3630, jchung@terranomics.com
Jessica Birmingham, (415) 677-0452, jbirmingham@terranomics.com
Matt Kircher, (650) 931-2220, mkircher@terranomics.com
Katie Singer, (650) 931-2230, ksinger@terranomics.com
Rhonda Diaz Caldewey, (415) 568-3402, rdiaz@terranomics.com
Sharon Carmichael, (408) 200-8811, scarmichael@terranomics.com
Todd Oliver, (650) 401-2129, toliver@terranomics.com

For market statistics or data, please contact:
Garrick Brown, Director of Research, (916) 329-1558, gbrown@terranomics.com

About Terranomics
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

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