COMMERCIAL REAL ESTATE NEWS
Untitled Page
Coreland Cos. closes $3 million in leases
Agent says it shows there are 'active retailers and categories' in market.
Tamirra StewartPublished: March 08, 2010 09:15 AM
Tustin-based Coreland Cos. recently negotiated two commercial property leases totaling $3 million. Both spaces will be occupied between now and June.
Planet Fitness signed a 10-year lease on a 20,362-square-foot property in the Euclid Shopping Center on Katella Avenue in Anaheim. The deal was valued at $2 million. When Planet Fitness moves into the space in June, it will join anchor stores Food 4 Less, Big Lots and CVS Pharmacy, and the shopping center will be at capacity.
“There are still some very active retailers and categories doing deals in Southern California, and fitness is one of them. This is one of a handful of fitness deals we are currently working on,” said Matt Hammond of Coreland Cos. Hammond represented the landlord, Euclid Shopping Center LLC, a private family trust located in San Diego.
Phoenix Group Information Systems, a California corporation, signed a 6-year lease for a 7,000-square-foot office space in the Main Street Town Center in Santa Ana. That deal was valued at just more than $1 million. The company will move into the property next month.
“The Phoenix Group is a 20-plus-year-old company with over 200 municipal, institutional, law enforcement and private clients served throughout the United States,” says Coreland’s Steven Hogberg, who represented the owner, The Muller Co. of Laguna Hills. “This lease brings us to over 87 percent occupied, with less than 25,000 square feet of space remaining.”
Related headlines
7 homes at 3000 The Plaza sell last month
Real estate forecast: Time is of the essence for sellers
Fullerton retail center sells for just under $5 million
|
||||
|
Planet Fitness signed a 10-year lease on a 20,362-square-foot property in the Euclid Shopping Center on Katella Avenue in Anaheim. The deal was valued at $2 million. When Planet Fitness moves into the space in June, it will join anchor stores Food 4 Less, Big Lots and CVS Pharmacy, and the shopping center will be at capacity. “There are still some very active retailers and categories doing deals in Southern California, and fitness is one of them. This is one of a handful of fitness deals we are currently working on,” said Matt Hammond of Coreland Cos. Hammond represented the landlord, Euclid Shopping Center LLC, a private family trust located in San Diego. Phoenix Group Information Systems, a California corporation, signed a 6-year lease for a 7,000-square-foot office space in the Main Street Town Center in Santa Ana. That deal was valued at just more than $1 million. The company will move into the property next month. “The Phoenix Group is a 20-plus-year-old company with over 200 municipal, institutional, law enforcement and private clients served throughout the United States,” says Coreland’s Steven Hogberg, who represented the owner, The Muller Co. of Laguna Hills. “This lease brings us to over 87 percent occupied, with less than 25,000 square feet of space remaining.” Related headlines 7 homes at 3000 The Plaza sell last month Real estate forecast: Time is of the essence for sellers Fullerton retail center sells for just under $5 million |
||||
