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8/14/15
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Dolce Pane e Vino, a casual upscale dining restaurant with farm-to-table wood-fired cuisine, a wine bar and hand-crafted cocktails, inked a lease for a 5.1k sf space at The Village at Pacific Highlands Ranch in the North County Carmel Valley area of San Diego. The 10-year deal has a total value of $3.2 mil, which works out to an average rent of $5.23/sf/mo.
The restaurant’s new location, at 5980 Village Way, will also offer a cheese and wine retail venue as well as curb-side service. Dolce Pane e Vino is anticipated to open its doors in November 2015. Dolce Pane e Vino has one other San Diego location that opened in 2010 in Rancho Santa Fe and has established itself as a local favorite.
Randee Stratton, managing director with NGKF in the firm’s La Jolla office, completed the lease on behalf of Dolce Pane e Vino. CBRE represented the seller, PHR Village, LLC.
“The restaurant’s newest location is ideal, as it will be situated in a premier, mixed-use center with a complementary tenant mix that is surrounded by an affluent customer base adjacent to the 56 Corridor,” said Stratton. “Additionally, this market is becoming similar to Silicon Valley, as companies continue to expand along the 56 corridor from the nearby 5 and 15 interstates.”
The Village at Pacific Highlands Ranch is a mixed-use development that includes 160k sf of unique full-service and casual dining, a specialty grocery, a pharmacy, boutiques and 330 residential units. Its first phase opened earlier this year and includes Trader Joe’s, Panera Bread, Starbucks Coffee, RiteAid, Pure Barre and Urban Girl, as well as a growing roster as the newly developed center fills its occupancy.
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