Value-Add Retail Benefits Everyone

Lehigh: “Suburban markets are trying to better compete with the bigger metro areas by attracting successful employers. Exciting retail is an important component to ensure this kind of reimagining is successful.”

FULLERTON, CA—When a struggling vacuum-cleaner repair shop is converted into a new, hip restaurant concept, all the surrounding tenants benefit from the influx of customers, CBRE broker James Lehigh tells GlobeSt.com. As we recently reported, Lehigh and Nathan Holthouser recently represented the buyer, local investor McFadden Place LLC, in an approximately $11.8-million 1031 exchange involving Condon Plaza, a mixed-use property in Downtown Fullerton, CA, that currently houses 14 tenants, including ground-floor store-front retailers and second-story office users.