Center Centers Business Management (CBM) leasing agent, Dave O’Connell, recently completed a lease transaction representing the landlord in a deal with RE/MAX for a local branch office of the nationwide residential real estate firm.
The property is situated at the intersection of Summit Avenue and Beech Avenue in prime Fontana. A newer, large scale community center, the property features excellent curb appeal, and is anchored by a 7-Eleven combination gas station + convenience store, and a Jack’n’The Box fast food restaurant.
Center Centers Business Management (CBM) leasing agent, Alex Shabani, recently completed a lease transaction representing both landlord and tenant, Phonetastic Wireless, for a cell phone sales and service store.
The 1,150 SQFT space is situated in a sizeable corner neighborhood-oriented shopping center on Bellflower Boulevard, in the city of Bellflower. The property is located at the on/off ramp to the 91 Freeway.
Centers Business Management (CBM) leasing agent, Brett Mero, recently completed a lease transaction representing the landlord in a deal with Meditrix Enterprises, a UPS Store franchisee.
The 1,000 SQFT space is situated in a newer shopping center on Glendale Boulevard, in the trendy Northeast Los Angeles Atwater Village neighborhood. Located at the signalized intersection of Glendale Boulevard and Glenhurst Avenue, the street retail-style center’s co-tenants include H &R Block, Subway, and several popular local eateries.
Centers Business Management (CBM) leasing agent + property manager, Tina Flor, recently completed a lease transaction representing the landlord in a deal with Subway.
The 998 SQFT space is situated in a newer shopping center on Amar Road in prime Oxnard. Located at the signalized intersection of Amar Road and Validna Avenue, the center is situated amid a dense residential neighborhood. Immediately adjacent to the property is a larger community center, anchored by Stater Bros grocery store and AutoZone auto parts store.
CBM property manager and leasing agent, Pamela Ozell, recently completed a lease assignment with a Zumba franchisee.
The 1,495 SQFT retail space is situated in a corner strip center at the intersection of East 7th Street and Nebraska Avenue, between Orange Avenue and Walnut Avenue in Long Beach. The busy, well-patronized center was formerly anchored by Fresh & Easy, and will soon be anchored by Grocery Outlet when the retailer opens for business later this year.
Centers Business Management (CBM) leasing agent, Alex Shabani, recently completed a lease transaction representing the landlord in a deal with American Security, a Subsidiary of ADT.
The 1,892 SQFT 2nd floor office space is situated in a newly complete shopping center on Alondra Boulevard, in the city of Bellflower. The property location’s, adjacent to several large scale apartment complexes, initially attracted the tenant, who is currently expanding their residential security services operation in several Los Angeles area communities. The proximity to residential units, the center’s high street visibility, and ideal office square footage were the tenant’s primary motivations in selecting the space. The deal commanded a competitive lease rate on a five year term.
Struggling to fill vacancies in your shopping center?
Then it’s probably a good idea to know the most active tenants in your marketplace.
But how do you access that kind of data? LoopNet tells you what is for lease, but not who is leasing what. CoStar offers that type of data, but they charge EXORBITANT rates for access privileges. And tack on additional fees for every added feature.
So if you’re like most independent retail property landlords, such tools out of your reach.
Well Here’s Some Good News!
CBM completed nearly 400 deals last year in Los Angeles and Orange County, a pace we’ve maintained over the last half decade. Our 2015 completed transaction list offers a clear image of the most active Los Angeles and Orange County retail tenants.
Here’s breakdown of CBM’s completed leasing transactions organized by tenant type and usage…
Total Restaurants & Food Users: 54
Restaurant and food users were by far our most active individual retail tenant category. Here’s a further breakdown by type and usage:
Restaurants By Type
Cafés, Bakeries & Donut Shops (7)
Ice Cream, Frozen Yogurt & Candy Shops (7)
Takeout Pizza (5)
Juice Smoothies & Boba (3)
Credit Restaurant Tenants
Waba Grill (6)
Little Caesar’s Pizza
Baskin & Robbins
Total Retail Office Users: 75
Technically there are more retail office tenants than restaurant and food use tenants. Retail office tenants, however, represent a broad and diverse range of businesses. Here’s a further break down by business type:
Total General Office Space: 19
Total Medical Offices: 17
Physical Therapy (1)
Medical Billing (1)
Hospice Care (1)
Speech Therapy (1)
In-Home Health Care (1)
Concentra Health (1)
Allied Health (1)
Community Health Alliance (1)
DaVita Dialysis Center (1)
Total Insurance: 15
State Farm (3)
Total Auto Title Loans: 8
Title Max (6)
Fast Auto (2)
Total Tax Prep Offices: 6
Liberty Tax (1)
H&R Block (1)
Jackson Hewitt (1)
Total Banks: 5
Wells Fargo (1)
MISC Retail Office Tenants: 11
Staffing & Employment Agencies (5)
Real Estate & Mortgage (2)
Law Offices (3)
Construction Office (1)
Total Hair Salons, Barber Shops, Nail Salons & Eyebrow Threading: 22
Hair and nail salons are the largest personal service tenant. Here’s a further breakdown by service type:
Hair Salons (16)
Barber Shops (6)
Nail Salons (8)
Total Eyebrow Threading (6)
Total Massage: 9
Massage is the second largest personal service tenant. Here’s a further breakdown by massage type:
General massage (8)
Foot massage (1)
Coin Laundry: 6
Coin laundries are the third largest personal service tenant.
Check Cashing, Payday Loans & Pawn Brokers: 5
Financial services are the fourth largest personal services tenant.
Dry Cleaners: 4
Dry cleaners are the fifth largest personal service tenant (tied with dance, yoga and martial arts studios).
Dance, Yoga & Martial Arts Studios: 4
Dance, yoga and martial arts studios were tied with dry cleaners as the fifth largest personal service tenant.
Tutoring was the sixth largest personal service tenant type. Here’s a further breakdown by provider type:
Kumon Learning Center (1)
Total Cell Phone Sales & Service: 27
Cell Phone Sales and Service tenants are the largest retail sales tenant. Here’s a further breakdown by provider:
Total Tobacco Shop & Vape/E-Cig Sales: 9
Tobacco and Vape + E-Cig shops are the second largest category in retail sales. Here’s a further breakdown by store type:
Tobacco Shops (6)
Vape & E-Cigs (3)
Mattress Stores: 6
Mattress store are the third largest retail sales tenant.
Total Convenience Stores & Mini Markets: 5
Convenience stores are the forth largest retail sales tenant (tied with clothing stores). Here’s a further breakdown by retailer:
Total Clothing: 5
Clothing stores are tied with convenience stores as the forth largest retail sales tenant.
Total Thrift & Discount Stores: 3
Discount stores are the fifth largest retail tenant. Here’s a further breakdown be retailer:
Salvation Army (1)
Video games: 3
Video games sales were the fifth largest retail sales tenant. Here’s a further breakdown by retailer:
Game Stop (1)
CBM’s Retail Leasing Team Has a Finger on the Pulse of Los Angeles and Orange County Retail Markets.
If you really want to fill your vacancies quickly and efficiently, with tenants ideally suited your property, hiring a competent leasing broker is critical.
And as the list above shows, CBM’s leasing team gets a LOT of deals done. And our leasing agents have strong relationships with the most active SoCal retail tenants. In short, our leasing team has their fingers on the pulse of the marketplace.
Hire CBM to Lease Your Shopping Center
To find out more about CBM’s leasing or hire CBM to lease your property, visit our Services page for more details and contact info.
Anaheim, CA – March, 2016, Centers Business Management (CBM) completed a leasing transaction with international auto parts retailer, AutoZone, in prime Gardena location.
Centers Business Management (CBM) agents, Geoff Grossman and Aaron Guido, completed a lease transaction representing the landlord in a deal with AutoZone, an international auto parts retailer, and publicly traded company (AZO on the NYSE). AutoZone will occupy a 7,000+ SQFT end-cap space in a well-patronized 26,000 SQFT community shopping center. The property fronts onto heavily trafficked Crenshaw Boulevard in Northwestern Gardena, and is situated on the same block as Superior Grocers, O’Reily Auto Parts and Dollar Tree discount store. The space and commanded a very aggressive lease rate on a 10 year term.
AutoZone is a Fortune 500 multinational corporation founded 1979, and became a publicly traded company in 1991. The company operates 5,600 stores in 49 US states, Mexico and Brazil.
“We recognized the neighboring tenants, who include O’Reilly auto parts, Dollar Tree and Superior Grocers, offered an ideal fit for a retailer like AutoZone,” says CBM West LA Leasing Director, Geoff Grossman. “We approached landlord about combining several spaces – the property was formerly occupied exclusively by smaller, mom & pop tenants. After confirming space consolidation was a possibility, we made few calls to the right people, and the deal came together quickly,” Grossman further adds. “I know Geoff and Aaron worked very hard to make this deal happen, overcoming a number of obstacles, and clearly their efforts paid off. In addition, the landlord gains the lasting benefit of very strong credit tenant,” CBM President, Rick Rivera says of the high-profile transaction.
For more information on CBM’s commercial real estate services please contact: Rick Rivera 310.575.1517 x201 | firstname.lastname@example.org.