Kennedy Wilson Closes Lease for The Waffle in Westwood Village

Restaurant known for modern comfort food expands to second LA location
 
 
Photo Courtesy of Kennedy Wilson
Photo Courtesy of Kennedy Wilson
 
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* Commercial Real Estate
* Restaurant
* Lease

Industry:
* Real Estate

Location:
* Los Angeles - California - US

LOS ANGELES - Jan. 25, 2018 - PRLog -- Global real estate investment and services firm Kennedy Wilson has negotiated a $2.7 million retail lease for The Waffle, a modern, casual dining establishment open for breakfast and lunch in Westwood Village, California. Located at 10925 Weyburn Ave., this marks the restaurant's second location and official entry into the West Los Angeles market near the University of California, Los Angeles.

Christine Deschaine, senior vice president of brokerage at Kennedy Wilson, represented the landlord, Tucker Investment Group, with Newmark Grubb Knight Frank who also represented The Waffle.

"Westwood Village is experiencing a notable resurgence, and The Waffle is a perfect match for the demographics, especially with UCLA's more than 37,000 students just a short walk away," said Deschaine. "Restaurant consumers in the area are looking for a modern sit-down environment with a local feel, and The Waffle has a strong appeal to this generation."

The Waffle is the brainchild of owners Gain Polone and John Papsidera. The business partners opened their first location at 6255 Sunset Blvd. in Hollywood out of their love for classic American diners. After building a cult following, the owners decided to expand to the West LA market.

The Waffle is moving into a space formerly occupied by the iconic Jerry's Deli. The restaurant joins a shopping center situated in the heart of Westwood Village, the home of UCLA, between Westwood Boulevard and Broxton Avenue. Nearby tenants in the center, anchored by the Regency Bruin Theater, include Pieology Pizzeria, Diddy Riese and Aveda Institute Los Angeles.

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About Kennedy Wilson Property Services

Kennedy Wilson is a global real estate investment company that offers brokerage and property management as a part of a comprehensive array of real estate services. Specializing in the leasing and sale of commercial and multifamily properties, the brokerage team represents tenants and landlords on every aspect of site selection, negotiation and occupancy. Headquartered in Beverly Hills, brokerage services are also offered at Kennedy Wilson offices in Austin, Chicago, Las Vegas, San Francisco and Sacramento. For further information, please visit http://www.kennedywilson.com/brokerage.

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Alicia Mistry
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Source:Kennedy Wilson
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Tags:Commercial Real Estate, Restaurant, Lease
Industry:Real Estate
Location:Los Angeles - California - United States
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