Restaurants, Services Vie For Same Space

LAGUNA NIGUEL, CA—As growing retail sub-sectors expand, it’s not unusual to see multiple bidders for the same space in South Orange County, Colliers International‘s VP Terrison Quinn tells GlobeSt.com. As we reported last week, Quinn and colleague Casey Mahony represented owner Buie Stoddard Group in lease negotiations for Nordstrom Rack to open a seventh Orange County location this spring after signing a 10-year lease agreement at the Center at Rancho Niguel, a retail center comprising more than four contiguous city blocks here. GlobeSt.com spoke with Quinn about trends he’s seeing in retail leasing.

GlobeSt.com: You say you are seeing spaces that once were vacant for long stretches suddenly filling up with new tenants. What types of new tenants are filling this space?