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Follow on Google News | Coreland Companies Brokers Deals with Chipotle, Jersey Mike's and Starbucks in Buena ParkCoreland's brokerage division recently executed restaurant deals with Chipotle, Jersey Mike’s and Starbucks at a newly re-developed property in Buena Park, Calif. Lease transactions totaling over $3 million in consideration.
Among the three transactions, Chipotle signed a 10-year lease for 2,246 square feet; Jersey Mike’s a 10-year lease for 1,300 square feet; and Starbucks signed a 10-year lease for 1,800 square feet. John Romm of Commercial West represented Chipotle and Jersey Mike’s. Starbucks was represented by Jason Gordon of Epsteen & Associates. Originally a hog ranch dating to the early 1930s, the property was the childhood residence of the property owner, Charlie Lyons, who eventually converted the former ranch to retail in the 1950s. “With approximately 1 million square feet of office and industrial space in the immediate area, we identified the opportunity to capitalize with a variety of quick-serve restaurants, rather than one large tenant,” said Hammond. “The redevelopment and consequential signings further compliment the overall revitalization that has taken place at the Valley View and Orangethorpe intersection.” Chipotle and Jersey Mike’s are currently under construction and are expected to open this Spring. # # # About Coreland Companies Coreland Companies (www.coreland.com) End
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