June 2016 Greetings, Friends! Summer is officially here which means more fun in the California sun. Opening Day at the Races is around the corner and our annual party planning festivities are underway. We have been hard at work to bring you the best opportunities in Restaurants, Retail and Investment Sales and continue to keep you informed on our most recent happenings. Happy reading, Peeps! Del Sur Town Center – Restaurants (2 remain) Spaces available are 1,258 SF + patio, 1,200 SF + patio, 2,605 SF + patio Seeking Mexican, Asian, Seafood, or Breakfast tenants Anchored by a 143,000 SF Target & Sprouts Grocery with 67,000 SF of retail Tenants include Burger Lounge, Waypoint Public, Target, Sprouts, Choice Juicery, Sababa Kitchen, Orange Theory Fitness and others Average household income of $135,000 Michael Spilky (858) 792-5521 Email Urban Street Retail 3776 4th Avenue, San Diego, CA 92103 Another notch in our urban retail sale post! We recently sold a single story retail building in Hillcrest for its full asking price of $1,650,000. The 4,000 square foot building sits on a 6,850 square foot lot on 4th Avenue, right in the heart of Hillcrest, one block away from University and 5th Avenues. Limor Spilky represented the Seller in this transaction and Alex DeLuna with Berkshire Hathaway represented the Buyer. Waypoint Public – Del Sur Town Center North Park’s notable beer hangout, Waypoint Public, will be bringing some more cool to Del Sur Town Center. The neighborhood bistro and beer bar will be serving up unbeatable craft beer and food pairings with their 30-tap craft beer system and eclectic cultural dishes. Be on the lookout for them as they are slated to open this year. Mike Spilky represented the Landlord and Michael Burton of Cushman & Wakefield represented the Tenant. waypointpublic.com → Choice Juicery – Del Sur Town Center Choice Juicery just signed their third lease for a juice bar in Del Sur Town Center. They join the likes of Burger Lounge, Waypoint Public, Sababa Kitchen and Sprouts.  The local fresh juice operator specializes in cold pressed juices and a variety of superfood dishes. Location Matters represented the Tenant in this transaction and Flocke & Avoyer represented the Landlord. choicejuicery.com → Sababa Kitchen – Del Sur Town Center The owners of Del Mar Rendezvous recently inked a restaurant deal at Del Sur Town Center. Introducing, Sababa Kitchen, an upscale fast casual restaurant serving primarily authentic and modern Israeli dishes along with a selection of Middle Eastern eats. Location Matters represented the Tenant and Landlord in this transaction. The Corner Drafthouse 495 Laurel Street, San Diego, CA 92101 Bankers Hill will become home to a new gastropub, The Corner Drafthouse, which will no doubt be a success with The Bier Garden of Encinitas’ managing partner at its helm. The 2,700 square foot space, on the corner of Laurel and Fifth, used to occupy French eatery Hexagone, and will now serve a West Coast-influenced menu of shareable plates, salads and entrees along with 70 different local beers, craft cocktails and wine. Be sure to check them out this Summer! Mike Spilky represented the Seller and the Buyer in this transaction. thecornerdrafthouse.com → Read more on San Diego Eater→ 32nd Annual Gold Medallion Awards Mike and David with Hanis Cavin and Sara Stroud The San Diego County Chapter of the California Restaurant Association held their annual Gold Medallion Awards GALA on June 14 at Town & Country Resort Hotel. We were there firsthand to witness exceptional local restaurants, purveyors and other industry leaders receive well deserved honors and recognition for their contributions to their exciting industry. For more information, click here. Transit Oriented Development in the Mid-City: Turning Vision into Reality Andrew Malick, Limor and Brian Staver We attended this month’s Urban Land Institute (ULI) San Diego-Tijuana Chapter’s breakfast at San Diego’s University Club, which entailed an impressive panel of speakers, including Andrew Malick, Director of Malick Infill Development, Susan Baldwin, Senior Planner of SANDAG and John O’Connor of the El Cajon Boulevard Business Improvement Association. Discussions ranged from “fostering authentic developments” to “funding sources available to make projects financially feasible”. For more information, click here. Horton Plaza Park Project Tour We had the honor of touring the region’s newest and most exciting 53,000 square foot outdoor venue, Horton Plaza Park. The historic site underwent a $17 million makeover and now includes a Cabrillo arch-style amphitheatre, three food and beverage pavillions with trellised patios and an interactive jet fountain. The tour was set-up through the ULI’s Young Leader Group.  For more information, click here. Don’t forget to follow us! Retail's Dirty Open Secret: Store Traffic Declines Are Shaking Up The Shopping Experience Years ago, an editor told me about the day computers replaced typewriters at Fairchild Publications’ storied old Greenwich Village newsroom in New York City. The newfound silence was deafening… Read more → Restaurants rework recipe for success From Cucina to Searsucker, using successful brands and tailoring them to new locations. If at first a restaurant concept succeeds, try, try again. That’s the recipe restaurateur Tracy Borkum used when her seafood-centric Fish Public, in Kensington, sunk after just a year and half in business… Read more → About Us  /  Properties  /  Contact This email was sent to you from   Location Matters 2010 Jimmy Durante Blvd., Ste 205, Del Mar, CA 92014 (858) 792-5521