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NEWS & UPDATES |
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| February 20, 2003 Santa Monica Market Update |
| Third Street Promenade News |
| 1444 Third Street Promenade - For Sale Mario's Restaurant has been listed for sale for $5,499,000. |
| 1409 Third Street Promenade - Leased The Levi Store has leased the space currently occupied by the Rag Factory. It is said that the rate is $10.40 per sf per month. Space size is which makes the monthly rent $ |
| United Colors of Benetton - Leased the former Midnight Special Bookstore on the Third Street Promenade. Midnight has yet to find a new location. Asking rate for the 5,200 sf space was $40,000. |
| 1338 Third Street Promenade - For Lease - former UCLA Extension building. 4 levels 25,000 sf for $100,000 NNN per month. Listed by cooperating Broker. |
| 1254 Third Street Promenade - For Lease - Hennessey & Ingalls Bookstore. 7,500 sf plus 1,500 sf mezzanine. $7.50 NNN per sf per month. Hennessey relocating to 210 Wilshire next to California Pizza Kitchen. Listed by Muselli Commercial. |
| 1231 Third Street Promenade - For Sale - Adidas Store and Easton Gym. 30,000 sf 3 level building. $13,500,000. |
| 1329 Third Street Promenade - For Lease - Hype Store. 2,333 $10.00 NNN per sf per month. Listed by cooperating Broker |
| Ocean Park-Main Street News |
| CP Shades is Subleasing half the current space they occupy at 2939 Main Street. |
| Main Street - For Sale -Pioneer Boulangerie site for sale for $27,000,000. Entitlements in place for 130 Units and retail. |
| Leased News |
| Rubin Postaer & Associates is relocating its 400 employees from the 4 different office buildings it occupies in downtown Santa Monica to the former MGM Plaza. They are taking 110,000 sf of office space. |
| 3020 Santa Monica - Former Simonson Mercedes used car lot has been leased by Jaguar for 15 years. |
| For Sale |
| 1655 Euclid, Santa Monica - 6,700 sf single story creative office building $1,950,000. 7,500 sf lot. |
| Montana Avenue & Vacinity |
| Branch Library at 1704 Montana and at 2101 Ocean Park Boulevard have completed renovations and reopened. |
| Brentwood Country Mart - 26th & San Vicente - Master leased for 40 years to James S. Rosenfield. |
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Corporate Offices 501 Santa Monica Boulevard, Suite 702 Santa Monica, CA 90401 Phone: (310) 458-4100 Fax: (310) 393-4750 Contact us by email at muselli@muselli.net |
| Please note that the information provided above is from information we deem reliable but not guaranteed. Unless stated to the contrary Muselli Commercial Realtors was not involved as a broker in any of the above transactions. |