WESTWOOD, CA-Urban Outfitters has signed a long-term lease with Topa Management Group for a 16,556-square-foot retail space in Westwood Village shopping center. The new location more than doubles Urban Outfitters' currently leased space in the shopping center, making it the apparel company's third largest California store.

“The upsizing of Urban Outfitters, coupled with Topa's continued efforts to breathe fresh life into their well-positioned buildings via strategic remerchandising and improvements is key to the continuing reinvigoration of one of Southern California's great gems,” says Kira Meers of the McDevitt Co., who represented both the landlord and tenant in the transaction.

The lease breaks a record for Westwood Village shopping center as the largest apparel signing in 30 years. Located at 1028 Westwood Blvd., the building's exposed brick walls, ironwork and high ceilings made it an ideal choice for the Urban Outfitters brand. The company plans to open the new location in fall 2014.

“We are seeing increasing interest in Westwood from better retail and restaurant concepts,” says Chris Kuklinksi, of the McDevitt Co. “Retailers are taking note of the consistent traffic flowing through the Village that includes high-income local residents, white-collar office workers in the 4.5 million square feet of class-A office space and the average daily population of approximately 75,000 students, staff and visitors at UCLA's campus and Medical Center.”

In a recently reported story on GlobeSt.com, Westwood Terraces, a five-story office complex near Westwood Village, traded hands for $54 million. The listing generated a lot of interest and multiple offers were made on the property.

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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