CBM1’s Geoff Grossman + Jason Ehrenpreis recently completed a lease with WingStop on a +/-1,000 SF retail space in a busy retail shopping center. Situated at the major signalized intersection of National Boulevard and Sepulveda Boulevard, immediately off the 405 freeway exit ramp, adjacent to the 405 and 10 freeway interchange, with clear visibility from both expressways. The property shares the heavily trafficked intersection with a giant standalone Ross Dress For Less store (SWC) and a Vons + CVS anchored community shopping center (SEC).

WingStop was launched in Garland, Texas, in 1994 as a fast-food establishment specializing in “hot wings.” The enterprise has since grown to incorporate over 1,500 locations worldwide, most of which are franchisee owned and managed. B&S Ventures, the franchisee opening the National + Sepulveda location are experienced operator with over a decade of experience managing casual dining and fast-food establishments. WingStop is now in nine countries, including the United States, Canada, France, Indonesia, Mexico, Singapore, Spain, United Arab Emirates, and the United Kingdom.

Mike Tohikian, President of Hot Spot Properties and host of the popular Hot Spotting commercial real estate podcast, represented the tenant. And Mike’s exemplary efforts were instrumental in executing the transaction.

“National + Sepulveda is a PRIME location in the true sense of the word,” says CBM1’s Geoff Grossman, adding: “You’ve got visibility from two freeways [the 405 + 10], on a major intersection with top-tier credit tenants, at the convergence of West LA, Santa Monica, Mar Vista, and Culver City. It doesn’t get any more prime!” And according to Grossman, the impeccable location was a significant factor in B&S’s decision to open their new WingStop in the center: “Considering the huge volume of traffic that passes this site, which includes area commuters and customers patronized neighboring businesses, they [the franchisees] seriously wanted to be here.”

For more information on this transaction or CBM1 brokerage services, contact Geoff Grossman at 310.299.4224 | geoff@cbm1.com Or Jason Ehrenpreis: 310.231.5213 | jason@cbm1.com

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CBM1’s Geoff Grossman recently completed a lease with an independent hair salon on a retail space in a bustling strip center at the signalized intersection of Melrose Avenue and Cahuenga Boulevard. The well-located property is positioned at the convergence of Hancock Park, Larchmont Village, and Hollywood, three celebrated Los Angeles area neighborhoods. 

With the incoming hair salon, owned and managed by an experienced operator, the busy, well-patronized retail center is now at 100% occupancy. “The space was vacant for less than two months,” says CBM1’s Geoff Grossman, whose expedient efforts yielded an ideal tenant, filling the vacancy in short order. Mr. Grossman noted that despite perceived market fluctuations, “the right space will always lease to the right tenant.” And finding that match is an art the CBM1 leasing team has perfected. 

Exceptionally well-located, the property is immediately adjacent to the prestigious Los Angeles Tennis Club and the Wilshire Country Club and its renowned golf course. The site is also just a block from a massive Pavilions grocery store at the major signalized intersection of Melrose Avenue and Vine Street, a landmark Hollywood corner. 

For more information, contact Geoff Grossman: Geoff@cbm1.com | 310.299.4224 

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CBM1’s Aaron Guido + Daniel Barriga recently completed a lease with Cano Health on a +/- 8,100 SF space in Atlantic Crossing shopping center in prime Lakewood. Situated on Atlantic Avenue, just east of a major signalized intersection at Imperial Hwy, the +/-21,000+ Atlantic Crossing’s A+ co-tenants include Panda Express, Starbucks, and PNC Bank. The well-located property is positioned between a standalone Walgreens drugstore to the west, at the hard corner of Atlantic + Imperial Hwy, and an El Super grocery store and AutoZone anchored center to the east.

A full-service, private healthcare provider, Cano Health operates 141 locations in six US states, including California, Nevada, New Mexico, Texas, Illinois, and Florida. In addition to urgent care facilities, Cano Health is a leading national primary care provider for seniors and families with managed care health insurance. Cano Health also provides pharmacy services at many of its locations, filling prescriptions and delivering medication to member patients.

In addition to walk-in urgent care, Cano Health’s new Lynwood site will provide a wide range of primary care services, laboratory testing, and a full-service pharmacy.

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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CBM1’s Michael Nitti completed a lease with Patty’s Wagon (restaurant + catering) on a +/-800 SF retail space at the bustling Vons grocery-anchored Lakewood Town Center. The property is located at the major signalized intersection of South Street and Woodruff Avenue in prime Lakewood. In addition to the Vons grocery anchor, the center’s A+ co-tenants include Rite Aid, Daiso Discount Store, Starbucks, Chase Bank, and an Arby’s fast-food drive-thru.

Patty’s Wagon currently operates as a service providing a mobile drink and dessert bard built into a literal wagon that can be semi-customized to accommodate event themes. Specializing in southern food, seafood, and desserts, Patty’s Wagon was originally launched as a physical restaurant in Long Beach’s Bixby Knolls neighborhood. Later evolving into a “Wagon-only” catering service, Patty’s is returning to physical space with their soon-to-open Lakewood location. The new site will serve as both a sit-down restaurant and a base for Patty’s catering operations.

Situated a short distance east of the 605 freeway and the massive Los Cerritos Center Shopping Mall, Lakewood Town Center is surrounded by Lakewood city’s densely populated bedroom community. The property also shares the signalized intersection of South Street and Woodruff Avenue with three sizable retail shopping centers. Ross Dress for Less, Grocery Outlet, O’Reilly Auto Parts, 7-Eleven, Carl’s Jr, Churches Chicken, and El Pollo Loco are among the adjacent development’s notable co-tenants.

For more information, contact Michael Nitti: MNitti@cbm1.com | 949.245.1767

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CBM1’s Jason Ehrenpries recently completed a lease with Clearpath Federal Credit Union on a +/-1,500 SF retail space in a 20,000+ SF Ralphs grocery store anchored shopping center situated at the major signalized intersection of Vineland Avenue + Magnolia Boulevard in North Hollywood. In addition to the Ralphs anchor, the sprawling neighborhood center’s A+ national and regional tenants include AutoZone, Subway, Flame Broiler, and a Carl’s Jr drive-thru on the intersection’s hard corner.

Clearpath Federal Credit Union was founded by a former Ralphs Grocery controller to serve Ralphs’ sizable employee base. Federally chartered in 1954 as Ralphs Employees Federal Credit Union, the name was later renamed Clearpath Federal Credit Union to reflect its increasingly diverse membership. Along with their corporate offices in Burbank and the soon-to-open North Hollywood location, Clearpath operates branches in Glendale and Moreno Valley.

The well-located center, positioned just east of the Vineland Avenue 101 freeway access, is surrounded by numerous retail shopping centers. This highly active retail trade area serves the densely populated community residing in the adjacent neighborhoods teeming with multi-family developments and single-family homes.

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

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CBM1’s Michael Nitti completed a lease with the Kawaii Boba Teahouse on a +/-1,500 SF retail space at the busy Stater Brothers grocery anchored Fairway Plaza shopping center. The well-located property’s A+ co-tenants include Stater Brothers, Wells Fargo, H&R Block, and Far East Bank. Located directly across Colima Road is Canyon Point Marketplace, a sprawling shopping center anchored by Market 168 and Diaso Discount store. The center’s additional co-tenants include Starbucks, Yogurtland, UPS Store, and Kopan Sushi & Ramen.

Kawaii’s soon-to-open Rowland Heights store marks the teahouse’s second location, expanding from its first site in nearby Fullerton. Very well reviewed on Yelp and Google, Kawaii’s menu includes a wide variety of milk and fruit teas, smoothies, and slushies, along with hot teas and coffee, and light snacks ranging from waffles to specialty fries to fried calamari and eggrolls.

Just south of the 60 freeway, the property is surrounded by a dense warren of residential neighborhoods. Colima Road is a major area thoroughfare, connecting central Rowland Heights with the outer subdivisions surrounding Royal Vista Golf Club.

For more information, contact Michael Nitti: MNitti@cbm1.com | 949.245.1767

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CBM1’s Dave O’Connell recently completed a lease with the Rafeh Group residential realty on a +/-2,400 SF office, bringing the +/-54,000 SF Shangri-La Plaza to 100% occupancy. A newer, well-maintained retail shopping center,  Shangri-La Plaza stretches nearly a full block along Soledad Canyon Boulevard in prime Santa Clarita. The sprawling, multi-pad center hosts a variety of A+ national and regional tenants, including Crunch Fitness, T-Mobile, IHOP, Domino’s Pizza, Kumon Learning Centers, and more.

The Rafeh Group is a leading Santa Clarita area independent residential real estate brokerage serving the greater northwest Los Angeles County market. Led by broker Rima Rafeh and her partner, Sarah Rafeh, the Rafeh Group operates under the umbrella of exp Realty, an online brokerage providing support services to independent realty firms.

Soledad Canyon serves as the community’s primary retail corridor. The divided, 6-lane thoroughfare runs from the nearby 14 freeway westward, traversing a network of densely populated residential neighborhoods. Adjacent premier retailers situated along Soledad Canyon include Ralphs Grocery, Edward’s Cinemas, Ross Dress For Less, Vallarta Supermarket, and CVS among many more.

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

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CBM1’s Aaron Guido + Daniel Barriga recently completed a lease with Pour La Familia, a high-end specialty coffee cafe on a +/- 1,300 SF former Starbucks end-cap space in the Gateway Village shopping center. Situated at the major signalized intersection of Edinger Avenue and Red Hill Avenue, the newer, well-maintained, multi-pad retail property is located at the convergence of Tustin’s commercial-industrial district and the expansive Centennial Park residential neighborhood. A bustling locale drawing consistent consumer traffic from daytime employees and area residents.

Tapping into the multibillion-dollar recession-proof coffee industry, focusing primarily on high-quality, locally roasted small-batch beans, Pour La Familia aims to launch 10 locations throughout Southern California over the next five years. The startup’s ultimate goal is domestic and international franchising, with plans to open sites in Austin, TX; Brooklyn, NY; Liege, Belgium; Tokyo, Japan; and Quebec, Canada. Founder James Kim, a successful entrepreneur with extensive experience in restaurant development and specialty beverages, is confident Pour La Familia can achieve these targets based on current market research: “64% of Americans consume coffee, and that the convenience of coffee availability increases the purchase choice by 90%.”

With nearly half a million residents earning an average household income of $200,000 annually in the community surrounding Tustin’s Gateway Village, it’s an ideal location for Pour La Familia’s flagship store.

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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CBM1’s Michael Nitti recently completed a lease on a Cash For Gold location in a +/- 460 SF retail space in a multi-pad Walgreens Drugstore anchored shopping center. Situated at the major signalized intersection of Beach Boulevard + Westminster Boulevard, the unit is in Inglott Plaza, a bustling retail center on the pad of Walgreens Drive-Thru Pharmacy, also shared with Makena Plaza, which hosts Subway, Poke Haus, and Check into Cash.

An independent, single-location operator, the newly integrated tenant buys gold jewelry, coins, and other gold items for cash, in turn reselling the melted-down gold as scrap precious metal.

The well-located property is positioned on Beach Boulevard, which serves as a major area thoroughfare, crossing both the Garden Grove (22) and 405 freeways, running from La Habra in the north through Buena Park, Stanton, and Westminster, terminating at Huntington Beach in the south.

For more information, contact Michael Nitti: 949.245.1767| MNitti@cbm1.com

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CBM1’s Dave O’Connell recently completed a lease with Kombat Karate on a +/- 2,100 SF retail space formerly occupied by Zumba Fitness in a multi-building Grocery Outlet anchored shopping center. The well-located site is situated at the intersection of 7^th Street and Nebraska near downtown Long Beach.

Kombat Karate is a local, independent martial arts studio offering a range of classes geared toward physical fitness, self-defense, and formal practice to advance belt status. Led by co-owners Ryan & Wayne Mooney, both 2nd-degree black belts with a combined 4-decades of experience, the studio provides instruction for children, teens, and adults.

The bustling, densely populated area surrounding the subject property – boasting 100,000 + residents earning nearly a 6-figure annual income within a 3-mile radius – provides a strong consumer for Kombat Karate’s community-specific services.

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

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