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5/22/17
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We’ve learned of three recent signings Champion Real Estate’s LA-area retail project, a 70.5k sf neighborhood center in Glendora. These latest signings, with Creamistry, Oke Poke and Orangetheory Fitness, bring the new project to 85% leased prior to completion.
The center, located at 655 S. Grand Ave in Glendora, is slated to open on May 24, 2017. Champion acquired the existing center in 2016 and is investing $32 mil in the reconfiguration and repositioning of the original 85.6k sf property into a smaller 70.5k sf grocery-anchored neighborhood shopping center. Additionally there are two new retail pads in the existing parking field, plus additional supporting retail to expand the tenant base and meet community needs.
The redeveloped center will include several national, credit tenants and will be anchored by Sprouts Farmers Market and Marshalls. Coffee Bean and Tea Leaf will also be at the center.
These latest signings include:
• Creamistry, an ice cream shop specializing in using liquid nitrogen to prepare customized, handcrafted ice cream, signed a lease for 1.3k sf. The ice cream shop is scheduled to open in October 2017. Creamistry was represented by Scott Simcik and Shaun Kennedy of FGP Commercial Leasing (broker).
• Oke Poke, a fast-casual poke restaurant, signed a lease for 1.3k sf. The restaurant is scheduled to open in October 2017. Oki Poki was represented by Minerva Baral.
• Orangetheory Fitness, a fitness center franchise, signed a lease for 3.5k sf. They are scheduled to open in October, 2017. Orangetheory Fitness was represented by Jesse Rehmeier of Retail Select Services (broker).
JLL's Shauna Mattis and Blake Kaplan are handling leasing at the center and represented the landlord Champion Real Estate Company in each lease. Mattis and Kaplan are currently in negotiations for another 8.2k sf, which would take occupancy to 97% leased.
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