The new restaurant is currently under construction and will open soon, according to a company spokesperson. Wendy's will join current tenants Chic's Sporting Goods and Grocery Outlet Center at College Plaza, which is located at 3400 College Blvd.
The lessor, Plaza 78 Ltd., was represented by Pete Bethea of Burnham Real Estate Services ONCOR International. Stewart Keith of Flocke & Avoyer acted on behalf of the lessee.
The Wendy's lease is just the latest sign of the strength currently found in the San Diego retail market. Net absorption here remained in positive territory at the end of 2002, with Marcus & Millichap releasing a preliminary vacancy rate of 4.9%. According to Marcus & Millichap, "solid consumer spending will fuel demand for space and keep the (San Diego) retail market tight in 2003."
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