Santa Monica, CA – May 2020, Centers Business Management (CBM) completed a lease with Jamba Juice in a sizable, multi-pad retail shopping center at a Main + Main signalized intersection in Santa Monica, CA
CBM retail specialist, Jason Ehrenpreis, recently completed a lease with Jamba Juice in a CVS anchored shopping center at the intersection of Santa Monica Boulevard and 26th Street in prime Pasadena. Jamba Juice will occupy an approximately 1,250 SQFT unit in a well-patronized community shopping center situated amid a bustling retail trade area. The bustling retail property is situated along one of Santa Monica’s most active retail corridors. In addition to the CVS anchor, the center’s notable co-tenants include Starbucks, Subway, Fantastic Sam’s, and San Sai Japanese Grill, among others.
“The prior tenant, a mailbox store, was struggling mighty,” says CBM’s Jason Ehrenpreis, referencing a retail use that has seen a steady and persistent decline over the past decade. “Meanwhile, Jamba Juice, a highly successful food tenant, serves as an ideal replacement,” Ehrenpreis notes, adding “and Jamba’s operation is a ‘COVID-19-proof’ use, as nearly all of their business is take-out based.”
“Prime real estate will continue to prevail, regardless of the surrounding circumstances,” says CBM President Rick Rivera. “This is an impeccable location [Santa Monica Boulevard + 26th Street in prime Santa Monica] anchored by a major national tenant [CVS drugstore] that has continued to flourish despite the coronavirus crisis. All of which makes this center an ideal location for a variety of retail operators,” Rivera adds, underscoring the innate value of well-located real estate.
For more information about CBM and their retail brokerage, leasing, and property management services, please contact: Rick Rivera 310.575.1517 x201 | email@example.com.