CERRITOS, CA—Coreland Companies' Matt Hammond brokered a 15-year lease with Orchard Supply Hardware for 40,000 square feet at Cerritos Plaza. Hammond represented the landlord, KAM LLC, in the transaction valued at $10 million. OSH was represented by Jason Gordon of Epsteen & Associates.
The 200,000-square-foot shopping center located off South Street and Carmenita Road, is also undergoing a complete renovation.
“Cerritos Plaza is a well-positioned grocery-anchored shopping center that has always had great success, but needed to be refreshed,” said Hammond, Coreland's director of retail brokerage. “When this anchor space came available we had a lot of competition from traditional retailers and gyms who saw the strength of the local market.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
