15,246 SF Development Site Sold in West San Jose

San Jose , CA – December 3, 2007 – Mike Costa with Terranomics Retail Services and Marshall Hydorn of NAI BT Commercial Burlingame represented both parties in the sale of a 15,246 SF vacant retail development site at 1656 Foxworthy Ave. in the west region of San Jose, CA . The buyer was BEC, Inc. and the seller was Cathy Gamlen. The property sold for $1,135,000, which amounted to $74.45 per square foot. The site formerly housed a Chevron gas station, which has been completely removed. It is zoned commercial pedestrian (CP) and is located at the hard corner of Foxworthy and Meridian Ave. , adjacent to the newly remodeled Hacienda Shopping Center .

Goodwill Leased 14,732 SF Freestanding Retail Building in Redwood City

Redwood City , CA – December 3, 2007 – Matt Taylor and Todd Oliver with Terranomics Retail Services have represented Goodwill Industries in the lease of a 14,732 square foot freestanding retail building at 2424 El Camino Real in Redwood City. The landlord is Michael Giotinis. Goodwill is expected to open the first quarter of 2008. 

Starbucks Inked 27,775 SF Ground Lease in Sacramento

Sacramento , CA – December 3, 2007 – Staci Eisler Cole with Terranomics Retail Services and of the Starbucks Team represented Starbucks Corporation in the ground lease of a 27,775 square foot pad site at 4354 Madison Ave. in Sacramento . The landlord is the Soskin Trust. Starbucks has been under construction with an approximately 2,000 square foot building and is scheduled for a December 2007 opening.

99 Cent Only Stores Leased 11,500 SF Space at Mandela Gateway in Oakland

Oakland, CA – December 3, 2007 – John Schaefer, Mark Koenig and James Chung with Terranomics Retail Services teamed up to represent 99 Cent Only Stores in the lease of 11,500 square feet of end cap space at 1440 7th street in Oakland, CA. The landlord is Mandela Gateway Commercial, LLC. 99 Cent Only Stores will take tenancy February 1, 2008. The site is part of the Mandela Gateway mixed-use development site that combines new housing and retail located at the West Oakland station on Bart.

SONIC Drive-In to Open at New Napa Junction Center May 2008

Napa, CA – December 3, 2007 – John Schaefer, Mark Koenig and Tina Essegian with Terranomics Retail Services have brokered a ground lease of a retail pad within the newly constructed +/- 214,000 square foot Napa Junction center located at Napa Junction Rd. and Highway 29 in Napa, CA. Schaefer, Koenig and Essegian all represented the landlord Napa Junction Retail, LLC, with Schaefer and Koenig also representing the tenant, NorCal American Canyon, LLC dba SONIC Drive-In. SONIC is scheduled to open at the Center in May 2008. Napa Junction is anchored by a Wal-Mart Supercenter .

Payless Shoe Source to Join The Plant in San Jose

San Jose, CA – December 3, 2007 – Sharon Carmichael and Michael Seigel with Terranomics Retail Services represented Payless Shoe Source in the lease of 2,998 square feet of in-line retail space at The Plant shopping center located at the NWC Curtner and Monterey Hwy. in San Jose.  Payless Shoe Source is scheduled to open March 1, 2008. The owner of The Plant is Westrust. 

Sleep Train Adds Two San Jose Locations at The Plant & Bascom Square

San Jose , CA – December 3, 2007 – Todd Oliver with Terranomics Retail Services has represented Sleep Train Mattress Co. in two retail leases at two new locations in San Jose . In the first transaction, Oliver represented Sleep Train in the lease of 4,337 square feet of end cap retail space at The Plant in San Jose , which is located at the NWC Curtner Ave. and Monterey Hwy. The developer of the largest power center in San Jose is Westrust. Sleep Train will be opening in early 2008.

In the second transaction, Oliver represented The Sleep Train in the lease of 4,450 square feet of retail space at Bascom Square located at the corner of Bascom Ave. and Hamilton Ave. in San Jose., Sleep Train is leasing a portion of the former Blockbuster Video space along with Wachovia Bank. Oliver along with James Chung of Terranomics also represented the owner, SFP Bascom Square , LLC. Sleep Train opened at this location in October.

Chipotle to Open at Westlake Shopping Center in Daly City

Daly City, CA – December 3, 2007 – Sharon Carmichael and Michael Seigel with Terranomics Retail Services represented Chipotle in the long-term lease of 4,016 square feet of end cap retail space at the Westlake Shopping Center located on Westlake Ct. in Daly City, CA. The landlord of the Center is Kimco Realty. Chipotle will open to customers in March 2008.

Mattress Discounters Leased 4,200 SF at San Carlos Mark et Place

San Carlos , CA – December 3, 2007 – Todd Oliver with Terranomics Retail Services represented Mattress Discounters in the lease of 4,200 square feet of space at 1133 Industrial Way in San Carlos . Mattress Discounters will be occupying a portion of the pad building across from Best Buy, PetsMart, TJ Maxx and Home Goods at the San Carlos Market Place.

Massage Envy Selects Alameda Towne Centre for Newest Bay Area Location

Alameda, CA – December 3, 2007 – Sharon Carmichael , Michael Seigel, James Chung and Matt Taylor with Terranomics Retail Services teamed up to broker both parties in the lease of 2,608 square feet of in-line space within the Alameda Towne Centre located at W. Park St. and Otis Dr. in Alameda, CA. Carmichael and Seigel represented the owner, Harsch Investment Realty, LLC, and Chung and Taylor represented the tenant, Massage Envy, which will occupy March 1, 2008. Massage Envy has opened new stores at several Bay Area locations over the past few years.

Alameda Towne Centre has five new anchor tenants that have enjoyed very successful openings during its $80 million renovation and Terranomics re-tenanting of the project.  Terranomics is excited about the upcoming opening of Borders Books along with the new outdoor food area with all new eateries in late spring 2008.

Travis Credit Union Leased 3,920 SF in Merced

Merced , CA – December 3, 2007 – Ariel Fox with Terranomics Retail Services represented Travis Credit Union in the lease of 3,920 square feet of end cap retail space at 1196 W. Oliver Ave. in Merced , CA . The landlord is Vornado Realty Trust. The space was formerly a portion of a Toys R Us store.