How DTLA Pulls in National Retailers

One sure sign that Downtown Los Angeles is becoming an international urban core: national tenants are showing up to the party. While certain blocks have been able to nab national brands—like Urban Outfitter’s Broadway lease—the market has been dominated by cool mom-and-pops and chef driven restaurants. Whole Foods foray into the market last year was major news, and now more national tenants are arriving. At South Park by Windsor, a new mixed-use multifamily development from Hanover in the Olympic corridor of South Park, national tenants Aveda Lifestyle Salon and Spa, Chipotle and retailer Loit filled up the retail portion of the project, all signing 10-year leases. Justin Weiss, VP of brokerage at Kennedy Wilson and one of the brokers who negotiated the lease deals, says that interest from national retailers is evidence that the market has reached a new peak. To find out more about the market and what to expect in terms of retail activity, we sat with Weiss, who is also handling leasing on two other Hanover projects, for an exclusive interview.

GlobeSt.com: How are you approaching retail leasing in the South Park area of Downtown Los Angeles?