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Greetings Friends!
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| Happy February! What a successful and busy first month of the new year it has been. Location Matters has been working around the clock to kick off 2020 right and exceed all our New Year’s resolutions. With new faces joining our team we have never been more ready to bring you the best that San Diego has to offer in restaurants, retail & investment sales. Here’s a glimpse on what we’ve been working on here at headquarters – happy reading! |
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For Lease │ Fixturized Restaurant in Bird Rock, La Jolla
5721 La Jolla Blvd., La Jolla, CA 92037
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3,292 SF + Approx. 1,200 SF Patio |
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Fully fixturized restaurant space in the heart of Bird Rock |
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Large patio right on La Jolla Blvd – Bird Rock’s main throughway |
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Ideal coastal location, just steps away from the shore |
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Great monument signage opportunity facing La Jolla Blvd |
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3930-3940 & 3946-3964 Fifth Ave – Hillcrest
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Location Matters is honored to announce the recent sale of 3930-3940 & 3946-3964 Fifth Ave. in Hillcrest for $13,330,000. Situated between University Ave. and Washington St., this prominent property is 28,528 square feet and sits on 4 four parcels amounting to a 32,839 square foot lot. At the time of sale, the property was occupied by 3 restaurant tenants, Snooze American Eatery, Lemonade, and India Palace and has seven fully leased residential units on the second level. Dating back to 1976, this property has been owned by three local families, including the asset manager, Carleton Management, Inc. The property was purchased by Paragon Real Estate Investments. Mike Spilky represented the Sellers and the Buyer represented themselves in this generational transaction.
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San Diego Gymnastics – La Costa
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The beloved, local gymnastics facility, San Diego Gymnastics, has officially found their 4th home located in La Costa Plaza. This family owned business has three stellar locations in Point Loma’s Liberty Station, Otay Ranch Town Center and La Mesa’s Grossmont Center Mall. Unlike most gymnastics facilities, they do not operate in industrial warehouses, but instead are centered in retail areas with restaurants and shopping where parents will feel comfortable dropping off their kids. We are excited to be a part of the San Diego Gymnastics team and ready to find more incredible locations to come. Alexis Dachs represented the Tenant in this lease.
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Oi Asian Fusion – Carmel Mountain Ranch
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Congrats to Oi Asian Fusion on their opening their doors this past month in Carmel Mountain Ranch Town Center! With tons of demand from the North County community to open a location in their neck of the woods, Oi answered their prayers and now have their 2nd San Diego location and 6th store overall. Oi’s modern and unique brand paired with their authentic menu is a much needed addition to the Carmel Mountain Ranch community. Can’t wait to see all their success! Alexis Dachs represented the Tenant.
Read more on Eater →
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Pelican Communities’ SALT Parking Garage Ribbon Cutting
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| This week we had the pleasure of attending the ribbon cutting for Pelican Communities’ brand new 450 car public parking garage attached to SALT, which will service the residents & tourists of Downtown Oceanside. With SALT fully leased & the parking structure complete, we feel grateful to be a part of all this positive change for Downtown Oceanside! |
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ICSC Southern California Idea Exchange
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| Had an awesome time at the ICSC Southern California Idea Exchange this past month. Big thanks to everyone involved in putting on this great event. Always a nice time catching up with lots of new and familiar faces in the retail industry! |
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| Don’t forget to follow us! |
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| 2020 Retail and Restaurant Real Estate Outlook |
Retail and restaurant performance by market is always evolving, as demonstrated by the market rankings recently released in Buxton's 2020 Retail and Restaurant Outlook report...
Read more →
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| 4 trends that will dominate retail real estate in 2020 |
The face of retail continues to evolve and retailers have a tremendous opportunity to enhance customer connections and stand out in an increasingly competitive landscape....
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Location Matters
8910 University Center Lane, Suite 400, San Diego, CA 92122
(858) 792-5521
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