SPL Realty Partners Arranges Significant Retail Lease Transactions

SPL represents national retail tenants throughout Southern California.

Santa Monica, CA (PRWEB) January 07, 2012


Scott Lifschultz, president of SPL Realty Partners, a leading retail tenant representation firm based in Santa Monica, CA, announces several consummated retail lease transactions throughout Southern California on behalf of its clients. The Container Store leased 22,006 SF in El Segundo, CA, Destination XL leased 10,000 SF in Brea, CA and Johnny Was leased 1,329 SF in Newport Beach, CA.

The Container Store (http://www.containerstore.com) will be opening this coming spring in Plaza El Segundo, El Segundo, CA in the former Borders Books space. The 22,006 SF space sits on the end-cap at the entrance to the center, facing S. Sepulveda Blvd. Co-tenants include; Whole Foods, Best Buy, Dick’s Sporting Goods, Home Goods, Chase Bank, Anthropologie, H&M, Lululemon and Starbucks. SPL Realty Partners and CBRE represented The Container Store, while Dan Crosser represented the ownership in-house. Federal Realty Investment Trust recently announced its purchase of Plaza El Segundo.

Casual Male Retail Group, Inc.’s new concept “Destination XL” or “DXL” (http://www.destinationxl.com) will be opening this spring in a 10,000 SF space which is a portion of the former Borders Books in Brea Plaza, Brea, CA. There are currently 16 DXL stores open throughout the United States, and Brea Plaza will be the first DXL store to open in California. The 140,000 SF center sits at the corner of Imperial Highway and I-57, just ¼ mile from Simon’s Brea Mall. Tenants in Brea Plaza include; Total Wine & More, Panera Bread, Buca di Beppo and Mothers Market. SPL Realty Partners was the sole broker in this transaction.

Johnny Was (http://www.johnnywas.com) has opened its third retail store this past November at Fashion Island in Newport Beach, CA. The upscale women’s apparel retailer leased a 1,329 SF space just outside of Nordstrom formerly occupied by Fluxus. This adds to the company’s other two southern California boutiques which are located in Santa Monica Place and The Grove in West Hollywood. SPL Realty Partners was the sole broker in this transaction. The Irvine Company was represented in-house by Valerie Hutcheson.

Lifschultz commented, “It’s exciting and rewarding working with leading national retail chains to secure prime locations in the best markets throughout California and the United States. We believe it is of the utmost importance to first understand each client’s business and who their customers are, prior to identifying any sites. We take a proactive, aggressive and strategic approach to site selection and negotiation”.

SPL Realty Partners is a Los Angeles, CA based retail real estate brokerage and consulting company primarily focused on representing retail chains expand their presence throughout Southern California and the United States. Our clients include; JOHNNY WAS, Disney Stores, Casual Male Retail Group, DXL, Swatch, Maison Bertet, AEROSOLES, and Monsieur Marcel. SPL also provides the highest level of retail real estate services to owners, developers and investors. For more information please visit our website at: https://splrealty.com.