The Location Matters office has been fortunate to be a part of some game changing projects recently and as always, continue to help our clients with their leasing, business sales, and investment sales. August 2021 Greetings Friends! And just like that the summer months are already coming to an end. Luckily, there has been no shortage of activity in the restaurant real estate world as restaurateurs still forge ahead in search of opportunities. Even though COVID is still lurking in the background we have been working tirelessly getting deals done, all the while being vigilant of the uncertainty that lies ahead. The Location Matters office has been fortunate to be a part of some game changing projects recently and as always, continue to help our clients with their leasing, business sales, and investment sales. Read on to see what the team has been up to – happy reading! Carmel Mountain Plaza | Claim Jumper Redevelopment 12384 Carmel Mountain Rd, San Diego, CA 92128 Kimco Realty hired Location Matters to merchandise & lease the redevelopment of the outparcel occupied by Claim Jumper in Carmel Mountain Ranch. The vision was to add seven new restaurant tenants to the shopping center pad. After Locations Matters pre-leased over 75% of the development, Costco ended up coming in and agreed to lease the pad subsequently taking down the Claim Jumper building for additional parking. The 20-year ground lease total consideration was valued at $13.4 million. Mike Spilky represented the Landlord. 408 Pier View Way — Downtown Oceanside Location Matters is excited to announce that Grind & Prosper will be leasing the ground floor and rooftop of The Brick hotel in Downtown Oceanside. Grind & Prosper has seen great success with their other concepts like Miss B's Coconut Club, Park 101, and Louisiana Purchase, so we know the new concept they will be launching in Oceanside will be yet another hit. On the ground floor the group plans to feature New Orleans fare and the rooftop will offer Caribbean-style cocktails in addition to a menu of small bites. Both concepts will not only serve the community of Oceanside, but will also provide food service to Stone Brewing, Frankie's, and the guests who will stay at the boutique hotel. We were happy to help both the Landlord and Tenant in this deal and are excited for their partnership in this one-of-a-kind project. Mike Spilky represented the Tenant and Marc Karren represented the Landlord. Craft House — Carmel Valley Huge congrats to Craft House for opening their new location at The Sky Deck! We were so proud to be alongside Chef Caesar on his journey to get here. From starting out with a food truck, to a shared restaurant space in North Park, to opening the largest space in The Sky Deck, he is truly a walking success story of hard work and passion. Alexis Dachs represented the Tenant and Mike Spilky represented the Landlord. Marufuku Ramen — Carmel Valley Marufuku Ramen has officially opened their first San Diego location at The Sky Deck in Del Mar Highlands Town Center. We are ecstatic to have brought the Bay Area based, renowned ramen concept to the project. Marufuku specializes in rich and milky Hakata-style Tonkotsu ramen in addition to other Japanese dishes and some of the most flavorful vegetarian ramen around. Mike Spilky represented the Tenant and the Landlord. Read more on Eater → Micheline's Pita House — Carmel Valley Some of the best fast casual Mediterranean food in San Diego has graced us with a third location in Del Mar Highlands Town Center. We were stoked to help the group lock in a space in such a high-volume center. We are not surprised Micheline's Pita House is already cranking out of their 1,250 square foot space. Micheline's offers healthy Mediterranean dishes in a variety of ways whether it be a bowl, salad, or pita with some of the most flavorful sauces, hummuses, and chicken shawarma around. When we need a quick snack, we love grabbing a side of their homemade fluffy pita and their cilantro jalapeno hummus (a personal favorite). Mike Spilky represented the Tenant. Don't forget to follow us! How Retail Landlords Can Create Value for Tenants in the Post-COVID World Every business-oriented publication for the last year-and-a-half has almost certainly churned out dozens, if not hundreds, of articles detailing how they believe COVID-19 will or has or might affect their market or industry. Read more → What the delta variant already means for retail Rapid development and distribution of vaccines promised to halt the pandemic, but new surges brought on by viral mutations threaten progress. Read more → About Us / Properties / Contact This email was sent to you from Location Matters 8910 University Center Lane, Suite 400, San Diego, CA 92122 (858) 792-5521