ALAMEDA, CA-GlobeSt.com has learned exclusively that Japanese low-price retail company Daiso has signed a five-year lease at Alameda South Shore Center for approximately 4,100 square feet, bringing its total number of stores in Northern California to 11. The retailer opened a 1,400-square-foot pop-up storefront at the 594,000-square-foot, open-air shopping center in this East Bay community last December as a test run that was so well received the company decided to expand.
According to Julie Taylor, SVP of Cornish & Carey Commercial Newmark Knight Frank, “This location was so successful that the company decided to move into a larger space, with the potential for additional expansion.” Taylor’s firm is the exclusive leasing agent for South Shore Center, together with Stephen Rusher. “Daiso stores are known for creating a buzz, with an interesting variety of surprisingly good-quality merchandise, priced at $1.50 or less,” Taylor added in a prepared statement.
The pop-up program is part of Jamestown L.P.’s philosophy of creating opportunities for tenants with distinctive and time-sensitive requirements by providing flexible lease opportunities. Jamestown L.P. is an Atlanta-based national real estate acquisition and management firm. “This innovative marketing approach not only accommodates retailers with varying and seasonal needs, it benefits all tenants by attracting additional customers to the center,” Taylor added.
Other retailers that have benefited from Jamestown’s program at the center are Spirit Halloween, a temporary costume shop, and Pedal Beach Rentals LLC, which opened a pop-up beach supply and rental store in June and brought new customers to the center during the summer months.
As GlobeSt.com previously tweeted about on @GlobeStcom on Twitter and @GlobeStLIVE and reported, in August Cornish & Carey Commercial Newmark Knight Frank’s David Brandenburger, Tom Heacox and John Austin represented JMA Ventures LLC in its purchase of Downtown Plaza in Sacramento from the Westfield Group. JMA plans to add value to the six city blocks. Anchored by Sacramento’s only flagship Macy’s, Downtown Plaza is the cornerstone of the pedestrian-only K Street Promenade that connects to the State Capitol and the Convention Center.
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Carrie Rossenfeld
Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on GlobeSt.com and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.
