Property Highlights

• Task: Secure restaurant or retail operator for existing warehouse building prior to close of escrow.
• Challenge: Building was in escrow three times previously, as such tenants were reluctant to consider opportunity. Dated warehouse building needed significant upgrades to convert to retail use and bring to current codes.
• Result: Leased building within 30 days of close of escrow to Consortium Holdings for higher than pro-forma and they opened in April 2014.