CBM1’s Aaron Guido + Daniel Barriga recently completed a lease with NM Innovations Inc marketing agency in Magnolia Plaza, a sizable shopping center at the major signalized intersection of Magnolia Avenue + Westminster Boulevard. The +/-1,700 SF unit is on the ground floor of a 2-story shopping center that stretches a half block along Magnolia Avenue. Magnolia Plaza is a sprawling development boasting a diverse retail and office-oriented tenant mix, including DeVita Dialysis, All State Insurance, medical and dental offices, beauty supply, nail salon, and various restaurants.

NM Innovations Inc is woman founded and led market agency handling direct marketing planning and campaign management. Headed by CEO Anicia del Junco, the firm provides small and medium businesses and large corporations with marketing support, employing direct marketing tactics to build brand awareness and drive customer acquisition. Primarily serving Orange County, the company is affiliated with Frontier Communications Inc, HSO Executives, PRIAM Inc, and a network of other allied marketing agencies.

The well-located site is situated along Westminster Boulevard, a major area thoroughfare lined with successful retailers. Close to the 22 (Garden Grove) freeway, the site is just a few blocks south of the Magnolia Avenue exit. A significant population center, the surrounding area hosts a densely packed residential community.

For more information, contact Aaron Guido: 714.769.6117 | Aaron@cbm1.com Or Daniel Barriga: 949.608.4886 | Daniel@cbm1.com

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CBM1’s Jason Ehrenpreis recently completed a lease with Zero Latency Virtual Reality Gaming on a +/-5,075 SF ground-level retail space situated in the iconic Bay Builder’s Exchange Building at the gateway to the 3^rd Street Promenade. Built in 1927, the Spanish Colonial-style building now serves as mixed-use commercial property, with upper-level office suites positioned above ground-floor retail space. The subject space boasts excellent frontage with exceptional visibility on Broadway, a bustling thoroughfare with massive daily foot and auto traffic fueled by both local residents and visiting tourists.

Zero Latency VR is a multi-national company with locations in 27 counties, including 18 sites in the United States and one space operating in the Southern California community of Rancho Cucamonga. The burgeoning, largely franchise-based enterprise is driven by the increasingly popular trend of “virtual reality arcades.” Patrons outfitted with “VR rigs” (virtual reality headsets and hand controllers) play solo and group interactive virtual reality games onsite. “This deal is indicative of the ongoing shift in retail, with premier sites formerly occupied by apparel and other businesses selling physical goods being replaced by a growing number of experiential-oriented tenants,” says CBM1’s Jason Ehrenpreis. And it’s “proof positive,” according to Ehrenpreis, of the fact that while “traditional” tenants continue to wane, “retail is by no means dead.”

The high-profile location resides at the epicenter of Santa Monica’s vibrant, thriving, and diverse community. Nearby points of interest include Santa Monica Place, 3rd St Promenade, and the famed Santa Monica Pier, along with A+ retailers, Target and Trader Joe’s, and thousands of multi-family residences and corporate offices.

For more information, contact Jason Ehrenpreis: Jason@cbm1.com | 310.231.5213

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CBM1’s Dave O’Connell + Matthew Brutzkus recently completed a lease with Pink Wax, licensed estheticians providing eyebrow threading and Brazilian waxing services, in a bustling community shopping center situated on 6^th Street, between Redondo Avenue + Newport Avenue. The center’s 20,000+ SF Smart & Final grocery store anchor tenant is a major consumer draw, generating consistent traffic to the always-busy center. Subway, Alibaba Mediterranean restaurant (a popular, well-review area eatery), and Petco Unleashed (positioned on the property’s hard corner) also contribute to the center’s high volume customer patronage.

Pink Wax is an exceptionally well-reviewed local service provider. Effusive with glowing praise in their online comments, clients have bestowed the popular local business with 5-Star reviews across-the-board on Yelp + Google Business. In need of more space to serve its growing clientele steadily, Pink Wax is relocating to 6^th Street + Redondo Avenue, a larger space than its prior location near the waterfront in downtown Long Beach.

Well-located in Southeast Long Beach, the property is surrounded by the city’s most densely populated region, where nearly 60,000 residents live within a 1-mile radius. A site ideally positioned to capitalize on the locale’s massive consumer base.

For more information, contact Dave O’Connell: Dave@cbm1.com | 818.380.9967 or Matt Brutzkus MBrutzkus@cbm1.com | 818.665.6033

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CBM1’s Geoff Grossman recently completed a lease with Maxine Waters, California’s 43^rd District Congresswoman, on +/-3,523 SF space in a corner retail strip center that will serve as a district operations office. Positioned at the signalized intersection of Hawthorne Boulevard and 136^th Street, the well-located property is situated amid the steadily gentrifying city of Hawthorne. The center presents a unique arrangement in that it combines traditional retail and community service-focused tenants, with both the O’Reilly Auto Parts anchor and Options For Youth, a charter school, occupying the center.

Maxine Waters is a congresswoman representing California’s 43^rd District in the United States House of Representatives. Her political career dates back to 1976, when Waters was first elected to the California State Assembly, where she ultimately served seven terms. In 1991, Waters was elected to the House of Representatives and is currently serving her 17^th congressional term. The 43^rd District covers most of South Los Angeles and portions of Inglewood, Gardena, and Torrance. And the newly leased office will function as Congresswoman Waters’ local management hub for her area operations.

“This is definitely my first lease on an office for a member of Congress,” CBM1’s Geoff Grossman quips about his latest high-profile tenant. That admission aside, Grossman notes that Congresswomen Waters’ leasing the property underscores the fact that “retail is still in demand.” And while Grossman acknowledges that retail uses continue to evolve, he also stresses, “Though the current tenant pool may differ from what we’ve seen in the past, there are still a significant number of prospects looking for space to lease.”

For more information on this transaction or CBM1 brokerage services, contact Geoff Grossman at 310.299.4224 | geoff@cbm1.com

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CBM1’s Daniel Barriga recently completed a lease with A-Max Insurance on +/-1,422 retail space in Norton Plaza shopping center. Situated at the signalized intersection of Long Beach Boulevard and Norton Avenue, along a flourishing retail corridor just south of the nearby 105 freeway access. The center’s notable co-tenants include Little Caesar’s Pizza, Baskin Robbins, Game Stop, UPS Store, and Cricket Wireless. Adjacent tenants include a Chase Bank branch immediately to the north, a Smart + Final and 99 Cents Only anchored center directly across Long Beach Boulevard, and a freestanding AutoZone, and Food4Less + Rite Aid anchored center south of the property.

Founded in Dallas, Texas, in 2002, A-Max Insurance brokerage has steadily expanded its territory over the past two decades, aiming to establish the firm as a nationally recognized brand. Since purchasing Sameday Insurance, a midsized Southern California-based insurance company, in 2022, A-Max has focused heavily on growth in the California marketplace. In addition to further acquisitions of existing brokerages, the firm is looking to continue opening new locations.

Drawing on a residential population of over 400,000 within a 3-mile radius, the property sees a consistently high volume of consumer traffic. Activity bolstered by the center’s diverse tenant composition and traffic siphoned from adjacent well-patronized retail tenants.

For more information on this transaction or CBM1 brokerage services, contact Daniel Barriga at 949.608.4886 | Daniel@cbm1.com

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CBM1’s Dave O’Connell + Matthew Brutzkus recently completed a lease with Teriyaki Madness, a fast-casual Japanese restaurant chain, on a +/- 1,775 SF retail space in a newer Arco Gas Station anchored property. Situated at the signalized intersection of 10^th Street + West Avenue N, the site is immediately off the 14 freeway amid a small commercial district just east of Palmdale’s core residential area. In addition to Arco, the development includes a 2-bay oil lube / vehicle-related space currently available for lease.

Founded in 2003 and based in Denver, Colorado, Teriyaki Madness licenses to over 150 franchisees operating locations in 20 states. Acquired by new ownership significantly ramping up their funding in 2016, the chain went from 12 locations to its current tally despite the pandemic. And according to Restaurant Business Magazine, this upward trend is ongoing: “[Teriyaki Madness] fast-casual bowl chain has been one of the country’s fastest-growing restaurant concepts in recent years. It has plans for another 40 to 50 restaurants in 2023, with growth coming from both new and existing franchisees.”

The well-located property is ideally positioned to attract business from commuters and area residents. Highway travelers stopping off the 14 freeway (which serves as an alternative route to Las Vegas) are sure to provide a consistent customer basis. And local Palmdale residents, whose numbers are steadily rising, will further augment the property’s commuter business.

For more information, contact Dave O’Connell: Dave@cbm1.com | 818.380.9967 or Matt Brutzkus MBrutzkus@cbm1.com | 818.665.6033

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CBM1’s Dave O’Connell + Matthew Brutzkus recently completed a lease with Ariat clothing company on a +/- 5,132 SF retail space in a newer, well-maintained neighborhood shopping center. Situated at the signalized intersection of Corbin Avenue + Nordhoff Street, the center boasts excellent curb appeal and A+ co-tenants, hosting a Panera Bread café and Burger King drive-thru. Located amid an active retail district, the well-located site is adjacent to a massive Lowe’s Home Improvement Center, Northridge Fashion Center shopping mall, and Nordhoff Plaza, anchored by Aldi Grocery, Best Buys, and PetSmart. The property is also positioned just southeast of a significant manufacturing hub with several sizable industrial campuses.

Ariat was Launched by Beth Cross as a Western apparel company in 1993. The clothier was then acquired by the Fisher Family, founders of the Gap, Banana Republic, Old Navy, and Aletha, the world’s largest specialty clothing retail conglomerate, in 2012. Ariat recently expanded its offerings to include a Workwear clothing line. And the soon-to-open Corbin + Nordhoff site will serve as their Los Angeles area flagship brick-and-mortar retail location.

“Ariat is combining two spaces [formerly occupied by T-Mobile + a nail salon] to create a ‘showcase’ retail outlet for their new workwear clothing line,” CBM1 Managing Partner Dave O’Connell says of the end-cap unit fronting onto busy Corbin Avenue. “And given the center’s proximity to the heavy concentration of nearby manufacturing operations, it’s truly an ideal use,” O’Connell adds. And according to co-leasing agent Matthew Brutzkus, the deal is further proof that in the right location: “Clothing outlets are still viable retail tenants.”

For more information, contact Dave O’Connell: Dave@cbm1.com | 818.380.9967 or Matt Brutzkus MBrutzkus@cbm1.com | 818.665.6033

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CBM1’s Geoff Grossman + Daniel Barriga recently completed a lease with Firefly Burger on +/-1,600 SF end-cap space in a corner retail strip center at the signalized intersection of Chapman Avenue and Euclid Street. The newer, well-maintained center is anchored by a high-traffic Starbucks drive-thru. Additionally, the site boasts excellent curb appeal, ample parking in a convenient onsite lot, and high street visibility on both Chapman and Euclid, two major Garden Grove area thoroughfares.

Firefly Burger is a multinational quick-serve restaurant chain focusing on unique, gourmet burgers and a range of popular fast food side orders. The chain was founded in 2011 in Jordan by three students inspired by the various American burger restaurants the trio visited while studying in the United States. In the dozen years since its initial launch, Firefly Burger has opened 60 locations in 17 countries spanning five continents. The Garden Grove site marks Firefly Burger’s second California location, following the recent opening of a Fresno restaurant.

The well-located property shares the intersection of Chapman and Euclid with a sizable Ralphs Grocery, Walgreens Drugs, and Jack in the Box drive-thru anchored shopping. Additionally, the site is less than a block north of the Kaiser Permanente medical office complex and urgent care center and surrounded by several massive housing subdivisions.

For more information on this transaction or CBM1 brokerage services, contact Geoff Grossman at 310.299.4224 | geoff@cbm1.com or Daniel Barriga at 949.608.4886 | daniel@cbm1.com

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CBM1’s Geoff Grossman recently completed a lease with A-Max Insurance on retail space in a corner shopping center. Situated at the signalized intersection of Florence Avenue and Figueroa Avenue, one block from the 110 freeway access at Flower Street in the heart of South Los Angeles. The center shares the heavily trafficked intersection with McDonald’s and Burger King drive-thru locations along with two additional bustling retail properties, and the center’s co-tenants include Little Caesar’s Pizza and Money Gram.

Dallas, TX-based A-Max Insurance brokerage was founded in 2002, and with sights set on achieving a nationwide presence, the organization has steadily expanded since its initial launch. A-Max acquired Sameday Insurance, a Southern California-based insurance company with a dozen locations throughout the region, in 2022. In an aggressive expansion mode, the brokerage has recently leased or is negotiating agreements with CBM1 on several additional A-Max locations.

Located amid one of greater Los Angeles’ most densely populated areas, over half a million residents live within a half-mile radius of the property. The site is also surrounded by a variety of major retailers and several sizable schools.

For more information on this transaction or CBM1 brokerage services, contact Geoff Grossman at 310.299.4224 | geoff@cbm1.com

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