VITAL STATISTICS
THE PROMENADE AT WESTLAKE
140 Promenade Way, Thousand Oaks
Square Footage: 21,517
CBRE’s Justin Schultz and his team successfully facilitated a complex transaction that met the needs of clients Nike and Williams-Sonoma. Nike was able to buyout of the lease and Williams-Sonoma was able to secure the same space under favorable terms. The landlord, Caruso Affiliated, also had a positive outcome with a valuable new tenant that helps elevate this already prominent shopping destination.
This transaction presented a remarkable level of complexity as it involved addressing the financial considerations of three prominent stakeholders. Through strategic negotiations and a deep understanding of the retail leasing landscape, Schultz successfully harmonized the financial interests of all parties.
VITAL STATISTICS
GATEWAY VILLAGE SHOPPING CENTER
28225 Newhall Ranch Road, Valencia
Square Footage: 11,090
The tenant was searching for a retail space in the Santa Clarita valley, specifically between 9,000-12,000 square feet. They wanted the space to be located away from their other stores. After conducting a thorough search, the team found a perfect location that met their size requirements and was in an area where they still needed a store.
Initially, the tenant only wanted to lease one unit, but the team was able to negotiate and lease them two units.
VITAL STATISTICS
7849 Canoga Avenue, Unit B, Canoga Park
Square Footage: 9,512
The team was able to secure a unique deal for this listing within the first 30 days of obtaining it. The property was previously vacant and listed with another brokerage. However, the team had the perfect tenant in mind for the space.
The building comprises of approximately 22,000 square feet, which the team was able to divide into two units. This particular unit is spread over two floors and is around 9,500 square feet, including 6-7k square feet of office space.