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JUST LEASED! VCA Animal Hospital at Beach Boulevard + Terry Drive in Huntington Beach
Categoriesretail leasing just leased Press Release

JUST LEASED! VCA Animal Hospital at Beach Boulevard + Terry Drive in Huntington Beach

By Ryan Anys,

CBM1’s Aaron Guido + Daniel Barriga recently completed a lease with VCA Animal Hospital ±2,900 SF retail space. The end-cap unit is situated in Beach Place, a two-story shopping center hosting retail and office tenants on Beach Boulevard, a major area thoroughfare and a local hotbed of retail activity.

Founded in Los Angeles by three former healthcare executives in 1986, VCA Animal Hospitals now operates 1,000+ clinics, with locations in 46 US states and five Canadian provinces. Acquired in 2017 by candy-maker and food conglomerate, Mars Inc, VCA was taken public and trades on NASDAQ under the ticker “WOOF.” The steadily expanding enterprise has consistently reported $5+ billion in annual revenue over the past five years.

Superbly located, Beach Place is surrounded by a bevy of popular local retail destinations. Huntington Beach Honda, a very heavily patronized neighboring Olive Garden restaurant, a Marshalls, Grocery Outlet + BevMo anchored center, and a standalone Lowes Home Improvement Center attract a consistently high volume of consumer traffic.

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

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JUST LEASED! Club Pilates at La Brea Ave + Obama Blvd in Baldwin Hills
Categoriesretail leasing just leased Press Release

JUST LEASED! Club Pilates at La Brea Ave + Obama Blvd in Baldwin Hills

By Ryan Anys,

CBM1’s Jason Ehrenpreis recently completed a lease with Club Pilates on a 2,276 SF end-cap space in a massive, multi-pad shopping center situated at the signalized intersection of La Brea Avenue + Obama Boulevard in the Baldwin Hills area of South Los Angeles. Stretching an entire city block along La Brea Avenue, between Obama Boulevard and Coliseum Street, the center’s notable co-tenants include Walgreens Pharmacy, KFC, Bank of America, Subway Sandwich, Ace Cash Express, and more.

Club Pilates is an international enterprise with 1,650+ studios spanning 10 countries and 4 continents. Exclusively franchise-driven, the company has been ranked in Entrepreneur Magazine’s Franchise 500 List for eight consecutive years and included in Inc. Magazine’s annual Inc. 5000 list several times. The operation generates gross annual revenue in excess of $1 billion.

Located amid an active retail corridor, nearby A+ tenants include Superior Grocers, Ralphs Groceries, CVS, Dollar Tree, McDonalds, and Del Taco. The property is surrounded by several single-family home neighborhoods and a number of major multi-family developments, including La Brea Garden Apartments, Village Green, Bali Apartments, Ursula Apartments, and Business Apartments. These sprawling properties host tens of thousands of residents.

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

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JUST LEASED! Facial Salon at Beach Blvd + Hazard Ave in Prime Westminster
Categoriesretail leasing just leased Press Release

JUST LEASED! Facial Salon at Beach Blvd + Hazard Ave in Prime Westminster

By Ryan Anys,

CBM1’s Aaron Guido + Daniel Barriga recently completed a lease with a local facial salon on ±1,200 SF retail space. The unit is situated in a well-maintained shopping center with excellent curb appeal on the hard corner of Beach Boulevard and Hazard Avenue, a major signalized intersection.

A small but active center immediately contiguous to a Popeye’s Chicken drive-thru and Dollar Tree discount store, the site benefits significantly from their neighboring retailer’s strong and consistent consumer traffic flow.

Well-located on an extremely high-traffic intersection, registering ±84,000 cars per day, the property offers convenient access to the nearby 405 + 22 freeways. Notable neighboring sites include Westminster Memorial Park Cemetery, Westminster Arts Academy, and Warner Middle School. The densely packed neighborhoods bordering the property to the northwest and southeast boast 185,000+ residents occupying a mix of single and multi-family homes within a 5-mile radius.

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

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JUST LEASED! Mexican Restaurant and Catering in Lomita Plaza at Lomita + Normandie in Prime Los Angeles
Categoriesjust leased Press Release

JUST LEASED! Mexican Restaurant and Catering in Lomita Plaza at Lomita + Normandie in Prime Los Angeles

By Ryan Anys,

CBM1’s Aaron Guido + Daniel Barriga recently completed a lease with a local Mexican restaurant and catering operator on ±1,664 SF retail space. The unit is situated in Lomita Plaza, a neighborhood shopping center just off the major signalized intersection of Lomita Boulevard and Normandie Avenue in the Harbor City region of Los Angeles.

The bustling center features a range of food and service-oriented tenants, including Latin and Asian-themed restaurants, locksmith, massage, and healthcare providers. A diverse mix that supports the surrounding community’s needs.

Well-located near the 110 freeway and Pacific Coast Hwy, the bustling, high-visibility property benefits from the significant traffic traveling along Lomita Boulevard, the nearby A+ retailers, and the adjacent Harbor City Reaction Center and Harbor City Skate Park. The property is surrounded by a densely populated network of residential neighborhoods, featuring a mix of multi-family development and single-family dwellings, with over 150,000 households in a 5-mile radius.

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

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JUST CLOSED! Dutch Bros Coffee on Melrose Drive Near Faraday Avenue in Vista
CategoriesPress Release Just Closed

JUST CLOSED! Dutch Bros Coffee on Melrose Drive Near Faraday Avenue in Vista

By Ryan Anys,

CBM1’s Jason Ehrenpreis represented the buyer in the purchase of a recently built Dutch Bros Coffee single-tenant drive-thru property. Situated on Melrose Drive in the midst of an office and industrial park, the new building is positioned next to a recently completed Wendy’s drive-thru, both projects occupying previously undeveloped land along a burgeoning retail corridor.

The new construction project is an absolute NNN, leased fee ownership investment secured with a long-term, corporate guaranteed lease agreement bolstered by multiple lease renewal options. The seller was represented by Patrick Luther with SRS.

The occupying tenant, Dutch Bros Coffee, was founded in Oregon, in 1992 by brothers Dane and Travis Boersma, and now operates 750+ locations across 14 states. Adhering to a firm design format, the chain’s stores primarily occupy single-tenant, small footprint buildings outfitted with drive-thrus in predominately suburban areas. In addition to typical coffee café fair, Dutch Bros serves specialty coffee, smoothies, freezes, teas, nitrogen-infused cold brew coffee, and exclusive Dutch Bros Rebel™ energy drinks.

Located in North San Diego County, a steadily growing region with surging population density and affluent average household income earnings. The superbly located site is adjacent to Bressi Ranch Village Center, an upscale grocery-anchored shopping center, which ranks among the North County’s most popular and frequently visited open-air shopping destinations.

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

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Just Leased_Osaka House Ramen & Sushi Restaurant_2nd + G_San Bernardino
Categoriesjust leased Press Release

JUST LEASED! Osaka House Ramen & Sushi Restaurant at Marshall Plaza in Prime San Bernardino

By Ryan Anys,

CBM1’s Aaron Guido + Daniel Barriga recently completed a lease with Osaka House Ramen & Sushi restaurant on +/-2,698 SF end-cap retail space. The unit is situated in Marshall Plaza, a multi-building community shopping center at the major signalized intersection of 2nd Street and G Street in San Bernardino.

Osaka House Ramen + Sushi is an expanding Inland Empire-based restaurant chain with additional locations in Temecula and Hemet. Managed by an experienced ownership group, the operator’s other holdings include China Moon restaurant in Lake Elsinore and Thai Ice Cream in the Inland Empire.

Anchored by Marshalls, Dollar Tree, and dd’s discount, the sprawling Marshall Plaza is conveniently positioned immediately off the 215 freeway at the epicenter of the community’s thriving retail district. Additional A+ co-tenants include Skechers Shoe Outlet, Subway, Taco Bell, and other thriving local businesses.

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

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Prospect + PCH | Redondo Beach | Woof Gang Bakery + Dog Grooming | For Lease
CategoriesPress Release just leased

JUST LEASED! Woof Gang Dog Bakery and Groomer in Redondo Beach CVS Anchored Center

By Ryan Anys,

CBM1’s Dave O’Connell recently completed a lease with Woof Gang, a specialty bakery and dog groomers, on a +/- 2,025 SF retail space in a CVS anchored shopping center. Situated at the signalized intersection of Pacific Coast Hwy and Prospect Avenue in prime Redondo Beach, the heavily trafficked center’s A+ co-tenants include Corner Bakery, Roundtable Pizza, Subway, and Supercuts.

Woof Gang Bakery & Grooming is a national pet grooming service and specialty pet food retailer operating 350 locations in 21 states. Largely franchise-driven, the growing enterprise is currently pursuing aggressive expansion throughout California, with nearly a dozen locations already open or in development. Sam Aaron with CBRE represents Woof Gang Bakery & Grooming in the Los Angeles area.

Less than a mile from the scenic Pacific Coast, the well-located center resides amidst a network of densely populated residential neighborhoods. The surrounding affluent households offer the ideal consumer base for the shopping center’s lifestyle-oriented retailers. This is reflected by the property’s steady traffic flow and consistent patronage.

For more information, contact Dave O’Connell: Dave@cbm1.com | 818.380.9967

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JUST LEASED! Tierra Mia Coffee at Lake Avenue + Boylston Street in Pasadena
CategoriesNews just leased Press Release

JUST LEASED! Tierra Mia Coffee at Lake Avenue + Boylston Street in Pasadena

By Ryan Anys,

CBM1’s Jason Ehrenpreis recently represented Tierra Mia Coffee in the lease of a freestanding, single-tenant drive-thru property at the intersection of Lake Avenue and Boylston Street in Pasadena. The quaint and charming A-frame building was previously occupied by the local, independent fast-food operator.

Tierra Mia Coffee is A primarily Southern California-based artisan coffee roaster and café. The coffee merchant’s steadily growing enterprise includes 22 two stores spread across Los Angeles, Orange, and Ventura Counties, along with one location in Oakland. Most of Tierra Mia’s stores are repurposed locations formerly occupied by restaurant or food-use tenants in freestanding, single-tenant, and street retail properties. In their ongoing expansion, Tierra Mia continues to seek former food-use sites, especially prizing those with drive-thru capabilities.

Lake Avenue is a highly active retail corridor, with KFC, McDonald’s, Chick-fil-A, Starbucks, Del Taco, El Polo Loco, Popeye’s Chicken, CVS, and Walgreens all situated within a block or two of the subject property. The surrounding community is a network of densely populated residential neighborhoods boasting strong average annual household incomes.

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

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Geoff Grossman, CBM1’s co-managing principal, is back in school!
CategoriesNews retail leasing Press Release

CBM1’s Geoff Grossman Goes Back to School!

By Ryan Anys,

Geoff Grossman, CBM1’s co-managing principal, is back in school!

Well, sort of…

Geoff’s former UCLA Extension professor asked him to present on retail property development to the instructor’s Real Estate Development class.

Having consulted on more than a few retail development projects over his 25 years in the retail real estate game, Geoff was flattered by the invitation and jumped at the chance. –

Geoff outlined his experience in the development process, ushering landlords, developers, and tenants through the transformation of vacant land into bustling shopping centers.

The nearly 90-minute talk held students and instructor wrapped, with almost half of the session dedicated to Q&A.

One student was so impressed that he left Geoff a voicemail praising the presentation and contemplating a career in commercial real estate:

“I just wanted to call and thank you for coming in and because a week later, I’m still thinking about your presentation. I wasn’t really thinking about commercial brokerage or commercial centers or convenience centers today before, but that was sort of fascinating and a more interesting space than I’d realized before.”

Thanks again to Professor Mark Ruff for the invite and to the amazing students for their insightful questions. None of this would have been possible without you!

On a related note, we invite any hungry young college graduates out there looking to launch a lucrative career to contact Geoff Grossman. He’s looking to train the next generation of commercial real estate professionals.

JUST LEASED! UME Tea at Ralphs Anchored Shopping at Magnolia + Vineland in North Hollywood
Categoriesretail leasing just leased Press Release

FULLY LEASED! Ume Tea at Magnolia + Vineland in North Hollywood

By Ryan Anys,

CBM1’s Jason Ehrenpreis recently completed a lease with Ume Tea on a +/-1,200 SF retail space formerly occupied by Chuck & Blaze hot chicken restaurant. The multi-pad shopping center, situated at the signalized intersection of Vineland Avenue and Magnolia Boulevard, is anchored by a Ralphs grocery store, and hosts several notable co-tenants, including a Carl’s Jr drive-thru, AutoZone, Subway, and Yogurtland.

Launched in Silicon Valley in 2019, Ume Tea, a boba tea café, now boasts 18 locations in three states. This includes 14 sites in California, one in Mesa, AZ, and three in Chicago, IL. The North Hollywood opening marks Ume’s second Southern California store. Currently soliciting franchising partners, Ume is looking to expand nationwide.

The center is superbly located at the epicenter of NoHo Arts District, a one square mile region with an estimated 33,000+ residents. A cultural mecca, the community is home to more than twenty professional theaters, diverse art galleries, dance studios, and the largest concentration of music recording studios west of the Mississippi. The locale is also known for a plethora of trendy eateries and cafes, including Kalaveras, EAT, the Front Yard, Urban Skillet, and more.

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

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