WALNUT CREEK
Freebirds World Burrito – a 2,846 sq. ft. restaurant has opened at Geary Marketplace neighborhood center, located at 1512 Geary Boulevard. Laura Tinetti and Ross White, with SRS Real Estate Partners, represented the lessee. Anna Winters, with Colliers International, represented the lessor, Hall Equities Group, in the transaction.
SALINAS
Pinnacle Bank – a 6,710 sq. ft. lease for a building located at 1276 South Main Street (at Blanco Road). Pinnacle Bank will be relocating to the building, which is twice the size of their existing facility at 1368 South Main Street. Mark Thomas, with SRS Real Estate Partners, represented the lessor, Kirkorian Enterprises, in the transaction. Jeff Barnes, with Collliers International, represented the lessee, Pinnacle Bank, a trusted local business entity.
LODI
BevMo! – an 8,000 sq. ft. store has openedat 2418 West Kettleman Lane. Matt Alexander, with SRS Real Estate Partners, represented the lessee. Vic DeMelo, with Browman Development Company, Inc., represented the lessor, First Lodi Plaza Associates, LP, in the transaction.
TRACY
BevMo! – a 9,000 sq. ft. store has opened at Grant Line Road. Matt Alexander, with SRS Real Estate Partners, represented the lessee. Jeff Brotman, with Brotman Commercial Real Estate Services, represented the lessor, Plaza Seven LLC, in the transaction.
BELMONT
Belmont Village Shopping Center – this 8,054 sq. ft. property, located at 1200 El Camino Real, has been sold to a private investor for $5,675,000, at a 6.3% cap rate. Located in the trade area of El Camino Real and Ralston Avenue, the center offers a competitive barrier to entry for its tenants’ competitors. Steve Gazzera and Mark Thomas, with SRS Real Estate Partners, represented the buyer. Dan Ruebenstein, with Ruebenstein Capital, represented the property owner, Swire-Friedkin Group, in the transaction.
PALO ALTO
Freebirds World Burrito – a 2,600 sq. ft. restaurant has opened at 2305 El Camino Real, conveniently located four blocks from the Stanford University campus. Laura Tinetti and Ross White, with SRS Real Estate Partners, represented the lessee. Borelli Investments represented the lessor, Pepper Lane Properties, in the transaction.
LOS GATOS
Fidelity Investments’ Los Gatos Investor Center – a 4,360 sq. ft. facility has opened at the Los Gatos Shopping Center, located at 434 North Santa Cruz Avenue. This location will compliment Fidelity’s investor center in Campbell, to better serve the company’s clients in Los Gatos, Monte Sereno, and Saratoga, California. Tom Power, with SRS Real Estate Partners, represented the lessee, Fidelity Investments. Dixie Divine, with Prime Commercial, Inc., represented the lessor, Los Gatos Shopping Center, LLC, in the transaction.
CUPERTINO
Cupertino Crossroads – a 146,395 sq. ft. center, located at 20750 Stevens Creek Boulevard. Among the latest leasing activity: a5,127 sq. ft., 10 year lease for Islands FineBurgers, which was represented by Sam Finne, with Terranomics Retail Services in Burlingame, a 1,420 sq. ft., 10 year lease for Phil’z Coffee, which was represented by Laura Tinetti of SRS Real Estate Partners in San Francisco, and a 4,000 sq. ft., 10 year lease for Boudin – SF café and bakery, which was represented by Scott Turner, with Retail West, Inc. in San Francisco. David Taxin, with Meacham/Oppenhaimer in San Jose, represented the lessor, Byer Properties of San Francisco, in the transaction.
CONTRACTS & AWARDS
SRS Real Estate Partners announced that Tom Power, Executive Vice President for the company’s San Francisco Bay Area region, has been recognized by CoStar Group as a Top
Retail Leasing Broker in the San Francisco market for 2012. In addition to the Top Retail Leasing Broker recognition, SRS Real Estate Partners was also honored as a Top Leasing Firm in the South Bay/San Jose, California market for 2012. “We are thrilled to be recognized by CoStar as a Top Leasing Firm for our efforts in the South Bay Area,” said Matt Alexander, Executive Vice President and Managing Principal for the SRS Northwest region. “I am also happy that Tom has been acknowledged for his strong track record of success in the San Francisco market. He’s a terrific market leader for our team.” The CoStar Power Broker Awards are an annual recognition of the top brokerage firms and dealmakers for office, industrial and retail sale and lease transactions per market.