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12/07/21
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Grocery Outlet inked a 10-year lease of a 21k sf space at La Quinta Village Shopping Center, located at Washington St and Calle Tampico in the city of La Quinta. The lease value was not disclosed.
La Quinta Village Shopping Center is a 75k sf retail property positioned at the entrance to La Quinta Cove neighborhood at the base of the Santa Rosa Mountains. The new Grocery Outlet replaces a vacant location formerly occupied by Ralph’s.
SRS Real Estate Partners’ Garrett Colburn, Townsand Cropsey, and McCall Huske represented Grocery Outlet in the deal. The landlord, LQ Investments LP, was assisted by Paul Bernard with Realty Advisors. This transaction represents the fifth Grocery Outlet in the Greater Palm Springs area, with another opening soon in Twentynine Palms Palms, according to SRS Newport Beach.
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