LOS ANGELES—Driven by an increased demand from the rise inmultifamily development,retailers are settling into new locations in theHollywood market. Marshalls andPetCo have completed a lease transaction withCIM Group for a 39,000-square-foot building atHollywood and Western whileYogaWorks has signed a lease with the CIM Groupfor 3,000 square feet in the Gershwin Apartmentcomplex.

Located in the Hollywood and Western mixed-usebuilding, Marshalls' and PetCo's 39,000-square-footone-story building sits on 2 acres. Marshalls will occupy 24,000square feet of the space and PetCo will house the remaining 15,000square feet. The building offers onsite parking, including 125rooftop spaces and another 47 on an adjacent lot. The two storesare expected to open in the fall of this year.

YogaWorks will be located inside the Gershwin Apartments, whichwas the first phase of the Hollywood and Western mixed-use project.The apartment complex is a renovation of the formerGershwin Hotel into a 105-unit apartment complexcompleted in March 2013. The complex is 100% leased. The third andfinal phase of the project is the completion of 4,000 square feetof commercial space.