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June 2014
Greetings Friends
Greetings friends! We are about to kick off summer on the right foot with fresh new restaurant deals that we can add to our repertoire of dining hotspots. We would like to share these with you along with industry expertise, which keep Southern California a desirable scene for successful restaurateurs and trailblazers. Please do not hesitate to inquire about any of our listings or recent happenings. Enjoy!
The Hub Marketplace – Hillcrest
The Hub Marketplace – Hillcrest
 
We are proud to join forces with Regency Centers in the listing of two signature Restaurant spaces in The HUB (Hillcrest Uptown Block) Hillcrest Market, formerly known as The Uptown District Shopping Center. Regency Centers has hired Location Matters as their exclusive agent for the Restaurant leasing of the 150,000 sq. ft. retail project.  The $3 million transformation of The Uptown District Shopping Center is currently underway and plans to deliver by the end of this year. The upgrade entails adding new custom murals by Southern California-based artists, sculptural art installations by Chris Puzio and MakeFab, and a new facade and color waves on the buildings. Other features include drought-resistant and indigenous landscaping, new hardscaping, and WiFi. The Uptown District Shopping Center first opened in 1989 and remains to be the largest commercial space in Uptown.
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Michael Spilky
Michael Spilky
(858) 792-5521
Email
Paul Ahern
Paul Ahern
(858) 764-1828
Email
NEW LISTINGS
Old Town Restaurant   VIEW FLYER
Price
$125,000  
Size
2,245 SF + Outdoor Patio
ABC License
Beer & Wine
Contact
Jose Bravo
OPENING SOON
ShakeAway – La Jolla
 
Location Matters is proud to announce the opening of the first ShakeAway in the U.S! Opening mid-June at 723 Pearl St., La Jolla, CA. Jose Bravo represented the tenant and facilitated the lease. ShakeAway is the original re-inventor of milkshakes and started a cult following in 1999 with the first shop opening in the sunny seaside town of Bournemouth, England. From a eureka moment, the founders of ShakeAway thought there should be more to the humble milkshake, blending a packet of Rolos with milk and ice cream - the first ShakeAway-style milkshake was born. Now with over 180 flavors and millions of possible combinations, every milkshake is made to order for fascinated ShakeAway fans to watch. Ferrero Rocher & Daim Bar...real fruit such as Banana and Passion Fruit... Posh Shakes such as Lindt truffles and English cream tea, The Millionaire made with real 23 carat edible gold, and their fizzy Pop Shakes made with real Coca Cola, Red Bull and more…  ShakeAway has aggressive expansion plans in Southern California. Look for one coming near you soon! www.shakeaway.com
 
View flyer.
DONE DEALS
The Green Flash Restaurant - Pacific Beach
Location Matters is pleased to announce the sale of The Green Flash Restaurant in Pacific Beach - located at 701 Thomas Avenue, San Diego 92109.
 
After an amazing 25 year legacy of serving locals and tourists on the boardwalk in Pacific Beach, The Green Flash restaurant has been sold to The Sunset Restaurant Management Group, who has since reopened the renowned location as Baja Beach Café after remodeling. The new owners, who also operate 13 other restaurants throughout Southern California, look forward to building a stellar reputation that The Green Flash created over the last few decades of offering quality oceanfront dining. Pacific Beach locals and visitors can now enjoy the revamped location offering daily breakfast specials, Baja style menu favorites, specialty margaritas, unbeatable happy hours, and most importantly… the California sun with a breathtaking 180 degree ocean view! For more information please visit – www.bajabeachcafe.com – or even better, stop on by the Pacific Beach boardwalk and check them out yourself!
Paul Ahern
Paul Ahern
(858) 764-1828
Email
Carnitas’ Snack Shack – Del Mar Highlands
 
Carnitas’ Snack Shack recently leased space in Del Mar Highlands Town Center at 12873 El Camino Real, #M4, San Diego, CA 92130. Construction is currently underway. This will be their second location.
 
Carnitas’ Snack Shack opened their doors in 2011 in the North Park neighborhood, serving up slow food-inspired, pork-centric American cuisine, snacks and locally sourced craft beers. Award winning chef/owner, Hanis Cavin, is known locally for his culinary talents. The menu changes daily because they use local and family farmers, ranchers, bakers, vineyards and breweries. Carnitas’ sources their ingredients as locally as possible to provide customers with the tastiest farm-fresh food! www.carnitassnacks.com.
Crust Pizzeria - Torrey Hills Center in Carmel Valley
Crust Pizzeria leased space in Torrey Hills Center in the heart of the Carmel Valley Community at 4653 Carmel Mountain Road, San Diego, CA 92130. Mike Spilky of Location Matters represented the Tenant and Ed Engle of Asset Management Specialists represented the Landlord.
 
Crust Pizzeria is an upscale, neighborhood pizzeria that serves up handcrafted, artisan and New York style Pizza with a modern touch. Master Pizza Chef Charlie Meola’s passion for pizza making brings a unique experience to pizza eating. The pizza flavors are brought full circle by Crust’s carefully selected wine list and local craft beers. www.crustpizzeria.com.
Michael Spilky
Michael Spilky
(858) 792-5521
Email
NEWS IN THE MARKET
 
By Jose Bravo
Business Valuation: Case Study
The first question I’m asked by my clients is always, “what do you think my restaurant is worth?” I will typically refrain from answering that question until a little further due diligence is presented.
 
We offer an opinion of value for many different reasons; selling, financing, partnership disputes, bankruptcy, estate planning or other reasons. Determining market value of a restaurant is a challenging task and can be very subjective and not an exact science… READ MORE
NEW TEAM MEMBER
Welcome, Jacqueline Sutton
We are pleased to welcome Jacqueline Sutton to the Location Matters team. As our new Client Services Director, Jacqueline will manage different aspects of client services, marketing, accounting and contract and escrow management. Jacqueline began her career in commercial real estate at CBRE in Sydney Australia, facilitating nationwide property management for one of the largest clients in their portfolio. She recently joins us from Shea Properties’ esteemed Retail Leasing Team. A graduate of UCSD, with a BA in Communications, she enjoys Bikram Yoga, hiking, travelling, cooking, and spending time with friends.
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Location Matters
2010 Jimmy Durante Blvd., Ste 205, Del Mar, CA 92014
(858) 792-5521