Transwestern Negotiates Transaction on Behalf of Building Owner, Seeno Enterprises Inc.
(AUGUST 19, 2013 – PITTSBURG, CALIF.) – Transwestern today announced it negotiated a lease for Rent-A-Center in the Atlantic Plaza shopping center at 144 Atlantic Ave. in Pittsburg, Calif. The national rent-to-own furniture and electronics company will occupy 5,400 square feet.
“This lease is a terrific fit for both parties,” said John Sechser, Transwestern senior vice president and director of retail operations. “Rent-A-Center will enjoy cross-shopping from existing tenants, and Atlantic Plaza will experience an increase in customers attracted to the popular retailer. Atlantic Plaza is one of just a handful of retail properties in East Contra Costa County that withstood the recession with a very low vacancy rate. Transwestern is happy to further strengthen its mix of quality tenants.”
Atlantic Center has approximately 143,077 square feet of retail space, and includes anchor tenants Foods Co. and CVS Pharmacy. Rent-A-Center, based in Plano, Texas, owns and operates more than 3,000 stores in 50 states, Washington, D.C., Canada and Puerto Rico.
Sechser and Retail Associate Colby Mikulich, based out of Transwestern’s Walnut Creek office, represented Concord, Calif.-based Seeno Enterprises Inc. Ariel Fox of Retail West represented the tenant.
Transwestern is a privately held real estate firm specializing in agency leasing, property and facilities management, tenant advisory, capital markets, development, research and sustainability. The fully integrated enterprise leverages competencies in office, industrial, retail, multifamily and healthcare properties to add value for investors, owners and occupiers of real estate. Transwestern facilitates better decision-making for clients by combining penetrating local market intelligence and macro-market research through its affiliate, Delta Associates. Transwestern has 33 U.S. offices and assists clients through more than 180 offices in 36 countries as part of a strategic alliance with Paris-based BNP Paribas Real Estate. For more information, please visit www.transwestern.net and follow us on Twitter: @Transwestern.