Redondo Beach, CA – July 2019, Centers Business Management (CBM) completed a new leasing transaction with a boutique shoe retailer in an exclusive Redondo Beach location

CBM leasing agent, Aaron Guido, recently completed a lease transaction, representing the landlord and tenant, O’My Sole, a boutique shoe retailer. An independent, Southern California-based shoe seller, O’My Sole will occupy an 1,800 SQFT retail shop space in the exclusive Riviera Village, an upscale Redondo Beach retail shopping destination. The property is situated on Avenida Del Notre, where north-bound Via El Prado intersects, in the heart of Redondo Beach’s thriving beach-adjacent retail sector. This exclusive locale is home to a variety of boutique shops, trendy cafes + entries, and other notable retail outlets popular among both residents and tourists, of which the bustling area draws considerable numbers daily.

O’My Sole retails fine dress and casual shoes for men and women. The thriving merchandiser boasts eight locations in total. Four in Southern California, including stores in Beverly Hills, Marina Del Rey, Long Beach, and Redondo Beach. And four Northern California locations, with stores in Santa Cruz, Monterey, and two sites in Carmel.

The transaction proved an “Exceptionally easy deal!” according to CBM leasing agent, Aaron Guido. This level of ease, however, is not always the case for space in exclusive, upscale locations: “Positioned center stage in Riviera Village, Redondo Beach’s premier retail district, at Avenida Del Notre + Via El Prado, which is about as Main + Main as it gets, this was not an expensive space” Guido notes. Of course, the cardinal rule in real estate is: location dictates price. And given this premier location, the landlord’s expectations were by no means modest. Fortunately for Guido, the dominos fell effortlessly into places on this deal: “O’My Sole contacted me directly on a sign call (meaning, the prospective tenant reached out to Guido through a For Lease sign on the property). They were open to the rate and terms. So, we negotiated a modest TI (tenant improvement) allowance on a long-term lease, and inked the contract,” Guido says of the deal’s straightforward nature. “I wish more of them were this simple!” Guido adds offering a wry lament.

“Every day, headlines tout the closure of yet another retailer. But desirable locations will ALWAYS be in demand,” says CBM President, Rick Rivera. “And we continually see retail units leased for uses, supposedly rendered “extinct” by the internet. Moreover, these businesses aren’t just springing up. In the right location, their thriving, and even expanding,” Rivera adds, countering the pervasive myth that retail is “dying.”

For more information about CBM and their retail leasing and property management services, please contact: Rick Rivera 310.575.1517 x201 | rickr@cbm1.com.

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