ALHAMBRA, CA—Shea Properties has signed its first tenants at Alhambra Place, a 140,000-square-foot retail development. Among the group of tenants is Blaze Fast-Fire'd Pizza, the Habit Burger Grill, Bank of the West and Maido. With leasing activity strong, the owners of the property say that there is more to come.
“Blaze and the Habit are both quick service options, are new to the market and they have wide appeal. They will complement the additional food tenants that we have in the pipeline but have not yet announced,” Kiril McKee, SVP of leasing at Shea Properties, tells GlobeSt.com about why this group of tenants was a good fit for the property. “Maido brings a unique array of merchandise that will add something fun and unexpected to the mix.”
McKee would not comment on how much space has been leased or the occupancy of the building, saying, “We don't like to talk in terms of leasing percentages as it's not a true gauge of the interest.” However, she did say that a specialty grocer has signed a lease at the development, which will be announced soon and that they have many other prospective tenants in the pipeline. “We are closing in on two, great full service restaurants, and are close to announcing our additional anchor,” she says. “Other small services and retailers will be added to complement the mix.”
Shea Properties broke ground on the project in November of last year, after purchasing the 10.5-acre land site. In addition to the 140,000 square feet of retail space, the property includes 260 luxury condo units, which will break ground this spring. The retail portion of the property is set to open this summer, while the multifamily portion will open in late 2016.
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