Senior (which is not code for “old”) retail specialist, Brett Mero — an illustrious and stalwart member of CBM’s Encino office leasing team — celebrated a birthday yesterday!

Which birthday? Well, let’s just say it was NOT his Sweet Sixteen ;—)

But who’s counting anyway, right?

Here are a couple more memorable candids of Brett, and what appears to be scrumptious cake…


6046 Atlantic Boulevard, Maywood, CA

Centers Business Management (CBM) leasing agent, Jason Ehrenpreis, recently completed a lease transaction representing the landlord and tenant, Fred Loya Insurance, on a 1,169 SQFT retail space. The unit is in a corner strip center at the intersection of Atlantic Boulevard and 61st Street in prime Maywood. A newer, well-maintained neighborhood shopping center boasting excellent curb appeal.


1601 E. 7th Street, Long Beach, CA

Centers Business Management (CBM) Valley Division Director, Dave O’Connell, and leasing agent, Zac Ryburn, recently completed a lease transaction representing the landlord and tenant, KFC, on a 1,775 SQFT retail space. The site is a freestanding retail building at the intersection of 7th Street and Walnut Avenue in prime Long Beach. Well-located, the site is situated amid a densely populated residential neighborhood.


5525 Redondo Beach Boulevard, Lawndale, CA

Centers Business Management (CBM) leasing agent, Matt Saker, recently completed a lease transaction representing the landlord and tenant, Ivy Smart Tutoring, on a 5,246 SQFT retail space. The unit is in a sprawling community shopping center spanning nearly a full block along Redondo Beach Boulevard, between Hawthorne Boulevard and Artesia Boulevard in prime Lawndale. A+ co-tenants include 7-Eleven, Metro PCS, H&R Block, Ohana Hawaii BBQ, Kids Gym, and more!


17047 Bellflower Boulevard, Bellflower, CA

Centers Business Management (CBM) leasing agents, David Levcovitch, recently completed a lease transaction representing the landlord and tenant, a local furniture store, on a 6,000 SQFT retail space. The unit is in a mid-block row of retail shop spaces on busy Bellflower Boulevard, just of the signalized intersection at Park Street in prime Bellflower. A bustling intersection, co-tenants include Chevron + 76 Gas Stations.


681 Redondo Avenue, Long Beach, CA

Centers Business Management (CBM) Valley Division Director, Dave O’Connell, recently completed a lease transaction representing the landlord in a deal with Wingstop, on a 1,187 SQFT retail space. The unit is in a corner strip center at the signalized intersection Redondo Avenue and 7th street in prime Long Beach. A well-patronized retail center, the property’s A+ co-tenants include Starbucks, H&R Block, the UPS Store, and 39 Degrees Sushi.


Leading commercial real estate publication, Globe St., reached out to CBM President, Rick Rivera, for some insights on the ins-and-outs of retail property management.

As Mr. Rivera notes in the article, ADA lawsuits are a “hot topic” these days due to the inordinate number of “drive-by lawsuits.” These are the suits often filed en masse by ethically suspect attorneys who merely dive by several shopping centers and cherry-pick potential violations.

Of course, As Mr. Rivera indicates, compliance is the end-goal. But keeping pace with ADA laws that change annually can be very tough for landlords.

A landlord’s best protection? As Mr. Rivera notes in the article, a CASp inspection.

Read the full article here: “How Retail Owners Can Get Ahead of ADA Lawsuits”

Need a CASp inspection or other property management support…

By all means, get in touch: Rick Rivera 310.575.1517 Ext. 201 | rickr@cbm1.com


11033 E. Rosecrans Avenue, Norwalk, CA

Centers Business Management (CBM) property manager, Pamela Ozell, recently completed a lease transaction representing the landlord and tenant, Skechers, on a 4,462 SQFT retail space. The unit is in a mid-block strip center on Rosecrans Avenue, just east of Studebaker Avenue in prime Norwalk. A busy, multi-pad retail center, the property’s A+ co-tenants include Rent-A-Center, Little Caesar, Starbucks, and McDonald’s.


Long Beach, CA – October 2019, Centers Business Management (CBM) completed a leasing transaction with discount supermarket, Grocery Outlet in a large-scale strip center on Wardlow Road in prime Long Beach

CBM Valley Division Director, Dave O’Connell, and CBM retail specialist, Zac Ryburn, recently completed a lease transaction, representing the landlord in a deal with Grocery Outlet, a discount-focused supermarket chain positioning itself as a “bargain market”. Grocery Outlet operates 300+ stores across the United States and is currently expanding in Southern California. Grocery Outlet will occupy an 18,000 SQFT portion of a former TJ Maxx store in a sprawling, remodeled retail shopping center well-positioned at the busy intersection of Wardlow Road and Norwalk Boulevard. The El Dorado Center is ideally located to serve the family-centric neighborhoods of El Dorado and neighboring Los Alamitos. The busy, well-patronized center hosts national tenants Dollar Tree and Goodwill, in addition to a successful and diverse mix of service-oriented tenants including fitness, optometry, dental, and pet services that underscore the daily needs of the surrounding populous, which generates a consistent stream of consumer traffic.

Founded in 1946 in San Francisco, Grocery Outlet currently operates 320 locations in California, Oregon, Washington, Idaho, Nevada, and Pennsylvania. Largely a California-based enterprise until the founder’s sons took charge and aimed to expand the business in the early 1980s. The chained reached the 100-store milestone in 1995 and has added 120 locations in the ensuing two and half decades. Though primarily focused on the western United States, Grocery Outlet purchased an independent grocery chain in Pennsylvania in 2011. An acquisition that points toward the company’s plans for broader expansion.

“Leasing a 24,000 SQFT space (formerly occupied by TJ Maxx) is no easy task,” confesses CBM leasing agent, Zac Ryburn, adding “24,000 SQFT spaces have become a bit of an in-between size with a larger segment of active tenants seeking spaces of either 15,000 SQFT or closer to 35,000 SQFT.” Grocery Outlet “responded with interest in the space,” Ryburn notes, “but their store footprint typically focuses closer to the 16,000 SQFT mark.” The location proved appealing enough that Grocery Outlet agreed to compromise and take 18,000 SQFT. In turn, the landlord consented to carve up the remaining space creating two additional 1,500 SQFT units and rear storage area. “Other than Dollar Tree, Goodwill, and Huff’s (the restaurant tenant on the pad), the (center’s) tenants are mostly smaller, service-based businesses,” says Ryburn, who’s confident the remaining units will be readily absorbed by other service providers.

“Repurposing and downsizing is often a landlord’s only option with Big Box spaces,” says CBM Valley Division Director, Dave O’Connell. “But demising a space specifically designed to accommodate an expansive footprint can be a costly undertaking” O’Connell also notes. Grocery tenants and fitness tenants, are among the few tenants currently seeking Big Box units, but while such spaces are available, few genuinely meet most grocery tenants’ preferred size and location requirements. “Both parties truly prevailed in this deal,” O’Connell says, adding “Grocery Outlet slots into a prime retail location and the landlord executes a long-term lease with a secure credit tenant.”

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

###


Anaheim, CA – October 2019, Centers Business Management (CBM) completed a leasing transaction with Crunch Gym in a large-scale strip center on Soledad Canyon in prime Santa Clarita

CBM Valley Division Director, Dave O’Connell, recently completed a lease transaction, representing the landlord and tenant in a deal with a 20+ unit franchisee of Crunch Fitness. Crunch, an international fitness club operation, will occupy a 23,260 SQFT space in a newer, well-maintained retail shopping center that stretches nearly a full block along Soledad Canyon Boulevard in prime Santa Clarita. The sprawling, multi-pad center hosts a retinue of A+ national and regional tenants, including T-Mobile, IHOP, Domino’s Pizza, Kumon Learning Centers and more.

Founded in 1989 in New York City, Crunch Gym currently boasts 265+ locations, many franchisee-owned and operated, throughout the United States, Canada, and Australia. The organization is growing steadily, with franchisees continuing to open new locations in both the United States and abroad.

UFC Gym, another national fitness franchisor, originally leased the Soledad Canyon space and later engaged in a co-branding arrangement with Crunch. “The co-branding partnership was a prudent move, but unfortunately came too late,” says CBM’s Dave O’Connell, adding “The UFC operator was at that point undercapitalized and struggling to meet his lease obligations.” Crunch recognized the site’s potential and was keen to step in when approached. But disturbing the existing membership-base with a with facility closure was not an option. “An intense three-party negotiation followed, which yield an agreement that was a win for all parties involved,” O’Connell notes. “Crunch Fitness is the right partner for the property, well suited to the shopping center’s co-tenants, and serves the surrounding community’s needs,” which, O’Connell adds is “a synergy we always aim to achieve.”

“Gyms are one of the few ‘big box’ retailers expanding,” says CBM President, Rick Rivera. “Considering a gym’s large footprint and the building’s position in the shopping center, another gym is perhaps the only suitable replacement tenant for this space,” Rivera notes. “Fortunately, Crunch understood the potential, and Dave O’Connell’s existing relationship with all the players paved the way for a successful transaction,” Rivera adds commenting on the fortuitous transaction.

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

###