Although still in final negotiations, Sears recently gave LA-based Zelman Development Co. approval for the project. The Great Indoors, an all inclusive home-decorating and home-improvement store, will occupy 142,000 sf in the complex. The store will anchor the 900,000-sf retail section of the complex, which is nearly 100% leased, according to Brett Foy, vice president of Zelman. Tenants include Best Buy, Marshalls, Staples, Payless Shoes and Target.
The complex, which is under construction on a site near the Burbank Airport, will also include an estimated 600-000 sf of office space and two hotels: Extended Stay America and Marriot's Courtyard. Aerospace giant Lockheed Martin previously occupied the site.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
