3466 E. Cesar Chavez Avenue, CA

Centers Business Management (CBM) leasing agent, Geoff Grossman, recently completed a lease transaction representing the landlord and tenant, Bank of America, on 680 SQFT ATM space. The unit is situated in a busy corner strip center is at the intersection of Cesar Chavez and Hicks, east of Boyle Heights and South of City Terrace. Boasting a diverse mix of A+ co-tenants, the property hosts Little Cesar’s Pizza, Metro PCS, Re Loya Insurance, and Opportune (financial services).


140 W. Anaheim Street, Wilmington, CA

Centers Business Management (CBM) Valley Division Director, Dave O’Connell, recently completed a lease transaction representing the landlord in a deal with Wing Stop, on a 1,600 SQFT retail space. The El Super grocery store + Rite Aid anchored shopping center occupies a full block along Anaheim Street, stretching between Avalon Boulevard and Marine Avenue in prime Wilmington. Along with the notable anchor tenants, the center also boasts a bevy of A+ regional and national co-tenants, including Chase Bank, Pay Less Shoe Source, Subway, Yoshinoya, Ace Check Chasing, and more!


10930 Long Beach Boulevard, Long Beach, CA

Centers Business Management (CBM) Valley Division Director, Dave O’Connell, recently completed a lease transaction representing the landlord and tenant, GameStop, on 1,592 SQFT retail space. The unit is in a corner strip center at the intersection of Long Beach Boulevard and Norton Avenue in prime Long Beach. In addition to GameStop, the center hosts a diverse mix of A+ tenants, including Metro PCS, Baskin Robbins Ice Cream, Wing Stop, Little Caesar’s Pizza, the UPS Store and more!


1407 E. Los Angeles Avenue, Simi Valley, CA

Centers Business Management (CBM) Valley Division Director, Dave O’Connell, and leasing agent, Brett Mero, recently completed a lease transaction representing the landlord and tenant, a local ice cream shop, on 2,405 SQFT retail space. The property is on East Los Angeles Avenue, between Executive Way, and Patricia Avenue, in the heart of Simi Valley’s central retail district. A massive, multi-block development, the Vallarta grocery store-anchored center also features a variety of A+ co-tenants, including, Golds Gym, Rite Aid, Simi Valley Cinema 10, and Chase Bank, and more!


Los Angeles, CA – August 2018, Centers Business Management (CBM) completes new leasing transaction with expanding fast food franchisee at Glendora Marketplace Power Center.

CBM leasing agent, Jason Ehrenpreis, recently completed a lease transaction, representing the landlord and a Fatburger franchisee on a 1,500 SQFT unit in Glendora Marketplace. Situated amid the community’s primary commercial district, Glendora Marketplace, the regions dominant power center is located on Lone Hill Avenue at the intersection of Gladstone Street in the heart of Glendora. In addition to Home Depot + Sam’s Club, the center’s notable co-tenants include a Wendy’s drive-thru location and Coco’s Bakery + Restaurant. And the pad in which the unit is located hosts Verizon Wireless, America’s Best Eyeglasses, Ortho Mattress, and a recently opened Blaze Pizza restaurant. Additionally, the center is surround by several sizable retail developments, home to a myriad flourishing tenants, including, Kohls, Home Goods, 24 Hour Fitness, In-N-Out Burger, Walmart, Costco, and many more. A stellar tenant roster that clearly makes this locale the area’s foremost retail shopping destination.

The franchisee is co-branding the site as a Fatburger + Buffalo Express (chicken wings) store. Both eateries are popular Southern California fast casual restaurants, with a strong, growing presence throughout the region. A multi-store owner, the francisee currently operates several WingStop + Fatburger locations throughout Southern California, and tentatively plans to open additional sites in the near future.

“With most desirable retail space fully absorbed, the biggest challenge for most tenants is identifying suitable sites,” says CBM leasing agent, Jason Ehrenpreis. “As such, competition is fierce for an ever-shrinking pool of available units,” Ehrenpreis adds. To combat this: “Landlords have to make capital investments in their properties to attract credible tenants,” Ehrenpreis explains. And, according Ehrenpreis, that’s exactly what Glendora Marketplace owners have done: “The landlord has invested a considerable amount of time and money in repositioning the restaurant portion of the pad building to attract new, exciting and quality brands to the property.” An effort Ehrenpreis feels has proven highly successful, noting: “This deal was the 2nd [Blaze Pizza, another tenant Ehrenpreis recently brought to the center, being the first] of three Quick Serve Restaurant spaces the landlord is seeking to fill.” And with only one unit remaining: “Interest is skyrocketing!” Ehrenpreis relates, jubilantly.

“Restaurant spaces are in high demand. But most restaurant tenants are only interested in ‘A space.’ And with such units basically non-existent, landlords’ only avenue to entice quality tenants are property upgrades,” says CBM President, Rick Rivera. “That’s how the Glendora Marketplace owners, who are clearly savvy retail landlords, are overcoming this growing challenge. And other landlords need to follow a suit if they ever hope to lease long-lingering vacancies,” Rivera asserts in reference to the tightening retail real estate market.

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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220 N. Maclay Avenue, San Fernando, CA

Centers Business Management (CBM) leasing agent, David Guardado, recently completed a lease transaction representing the landlord and tenant, a local security company, on a 1,200 SQFT street retail space. The unit is in street retail building on Maclay Avenue near 3rd Street, in the heart of downtown San Fernando. Situated amid the community’s quaint downtown district, the site is directly across from the San Fernando Public Library.


5162 Wilshire Blvd. Los Angeles, CA

Centers Business Management (CBM) Valley Division Director, Dave O’Connell, and leasing agent, Eric Kalfa, recently completed a lease transaction representing the landlord and tenant, a local veterinary clinic, on a 1,175 SQFT retail space. The unit is in a corner strip center on busy Wilshire Boulevard, just block east of La Brea Avenue, in the heart of Los Angeles’ Mid-Wilshire district. This well-located center is immediately adjacent to the massive Wilshire-La Brea mixed-used apartment / retail complex, and across the street from a high-volume sales Jack ‘N the Box drive-thru location.


802 S. Alvarado Street, Los Angeles, CA

Centers Business Management (CBM) leasing agent, Matt Saker, recently completed a lease transaction representing the landlord in a deal with a local credit union, on a 1,362 SQFT retail space. The unit is in a recently rehabbed corner strip center at the intersection of Alvarado Street and 8th Street. A block from the MacArthur Park + the Westlake / MacArthur Park Metro Station, this well-located center is anchored by 7-Eleven and features a diverse tenant mix, including WaBa Grill and a variety of other service and restaurant tenants.


3282 E. Anaheim Street, Long Beach, CA

Centers Business Management (CBM) leasing agent, Jason Ehrenpreis, recently completed a lease transaction representing the landlord and tenant, a discount store, on a 4,662 SQFT retail space. The large Food4Less + Rite Aid anchored shopping center is situated on Anaheim Street, near the signalized intersection at Redondo Boulevard in prime Long Beach. In addition to the notable anchor tenants, the center also features a busy McDonald’s drive-thru on a pad space, and is across from a newer Walgreens location.


1331 Lone Hill Avenue, Glendora, CA

Centers Business Management (CBM) leasing agent, Jason Ehrenpreis, recently completed a lease transaction representing the landlord and tenant, a Fatburger franchisee, on a 1,500 SQFT retail space. The sprawling, Home Depot-anchored community center is at the intersection of Lone Hill and Gladstone in prime Glendora. Additional A+ co-tenants include Verizon Wireless, GameStop, Blaze Pizza, Wendy’s and more.