Loehmann's Signs Retail Lease in Laguna Niguel

LAGUNA NIGUEL, CA-Loehmann's Real Estate Holdings Inc. has signed a 10-year lease for 26,183 sf of retail space in the Center at Rancho Niguel.

By Erin Cassin | June 01, 2001 at 01:01 AM

The length of the lease is 10 years. Financial terms of the deal were not disclosed. However, based on the average asking rate of $2.75 net per sf at The Center, the lease has an approximate value of $8.6 million.

John Beaney of Katz & Associates represented Loehmann's. Bill Browne and Mark Baziak of Grubb & Ellis' Newport Beach office represented the building owner, Laguna Niguel-based Rancho Niguel Plaza II LLC.

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