Cornish & Carey Commercial Newmark Knight Frank Represents the Beauty Retailer in Bay Area Expansion Efforts
Santa Clara, Calif. (August 2012) — Cornish & Carey Commercial Newmark Knight Frank today announced that ULTA Salon, Cosmetics & Fragrance, Inc. (ULTA) is expanding its footprint in the Bay Area with four new locations in Alameda, Colma, Napa and Petaluma. ULTA Beauty currently maintains eight Bay Area storefronts in Brentwood, Dublin, Fremont, San Bruno, San Mateo, Santa Rosa, and two in San Jose.
Sean O’Carroll and Cece Vohs Cimino, retail specialists and vice presidents with Cornish & Carey Commercial Newmark Knight Frank, exclusively represent ULTA Beauty in its greater Bay Area real estate requirements.
“It is a pleasure to work with ULTA Beauty in sourcing and securing the right Bay Area locations to support its strong brand and aggressive growth strategy,” said O’Carroll. “ULTA Beauty’s unique retail concept store is located in off-mall, high-traffic, accessible locations in approximately 10,000 square feet of retail space, including a salon of about 950 square feet. We continue to source new opportunities in shopping centers occupied by soft goods retailers and preferred by female shoppers.”
Just ten years ago, ULTA Beauty operated 100 stores generating approximately $350 million in revenue. Today, with one of the best secular growth stories in retail, ULTA Beauty has nearly 500 stores generating $2 billion in revenue and there is still tremendous projected growth ahead. The company has targeted operating 1,200 stores as a long-term goal and it is well on its way. At the end of 2011, ULTA Beauty operated 449 stores in 43 states; as of July 28, 2012 it operated 489 stores in 45 states. ULTA Beauty expects to open 100 new stores in 2012.
ULTA Beauty’s new locations include:
- Alameda South Shore Center. Located at the junction of Otis and Park in Alameda, Calif., this location is slated to open in the spring of 2013. Other tenants include Kohl’s, TJ Maxx, Ross, Safeway and Trader Joe’s. Landlord Jamestown Properties was represented by Julie Taylor and Stephen Rusher of Cornish & Carey Commercial Newmark Knight Frank.
- 280 Metro Center. Located at the junction of Junipero Serra Boulevard and Colma Boulevard in Colma, Calif., the storefront is slated to open in the fall of 2012. Other tenants occupying the Kimco-owned property include Bed, Bath & Beyond, Nordstrom Rack, Marshalls and Old Navy.
- Napa Crossings. Located at the junction of Trancas Street and California Avenue in Napa, Calif., the location is slated to open in the fall of 2012. Other tenants of the shopping center include Walgreens and Vitamin Shoppe. Napa Crossings is located across the street from Whole Foods and Target. Matt Sweeney of Cornish & Carey Commercial Newmark Knight Frank represented the landlord Pacific Properties Group.
- East Washington Place. Located at East Washington and Highway 101 in Petaluma, Calif., this Regency Centers-owned power center is under construction and due to open in 2013. Other tenants of the shopping center include Target, Homegoods, TJ Maxx, Dick’s Sporting Goods and Sprout’s Farmers Market.
About ULTA Beauty
ULTA Beauty is the largest beauty retailer that provides one-stop shopping for prestige, mass and salon products and salon services in the United States. ULTA Beauty provides affordable indulgence to its customers by combining unmatched product breadth, value and convenience with the distinctive environment and experience of a specialty retailer. ULTA Beauty offers a unique combination of over 20,000 prestige and mass beauty products across the categories of cosmetics, fragrance, haircare, skincare, bath and body products and salon styling tools, as well as salon haircare products. ULTA Beauty also offers a full-service salon in all of its stores. As of April 28, 2012, the Company operates 467 retail stores across 44 states and also distributes its products through the Company’s website: www.ulta.com.
About Cornish & Carey Commercial Newmark Knight Frank
A dominant regional real estate force since 1935, Cornish & Carey Commercial Newmark Knight Frank has an expansive reach as part of one of the largest commercial real estate service firms in the U.S. Regionally, Cornish & Carey Commercial Newmark Knight Frank has more than 310 agents in 13 strategically located offices throughout Northern California, creating a powerful platform from which to deliver superior services locally, while upholding its core values of integrity and knowledge. For further information, visit www.ccareynkf.com.
About Newmark Grubb Knight Frank
A part of BGC Partners, Inc. (NASDAQ:BGCP), Newmark Grubb Knight Frank is one of the largest commercial real estate service firms in the U.S. It brings together the strategic consultative approach to creating value for clients and leading position in the New York market that are hallmarks of Newmark Knight Frank; the complementary strengths of Grubb & Ellis in leasing and management, investment sales, valuation and capital markets services; and BGC’s financial strength, proprietary technology, expertise in global capital markets and deep relationships with many of the world’s leading financial institutions.
Newmark Grubb Knight Frank, together with its affiliates and London-based partner Knight Frank, employs more than 11,000 professionals, operating from more than 300 offices in established and emerging property markets on five continents. This major force in real estate is meeting the local and global needs of tenants, owners, investors and developers worldwide.