Retail

The store's 25,000-square-foot lease is a “slam-dunk” with its new concept in retail, says Craig Deitelzweig, CEO of Marx Realty which owns and manages the property.

Nearly 180,000 square feet in new retail deliveries helped contribute to 115,000 square feet in positive net absorption in the first quarter.

The fund, structured as a REIT under a 506(c) designation, is an evergreen fund focusing on 75% value-add, and 25% cash-flowing commercial real estate investments in primarily Western growth markets, including but not limited to Colorado, Utah, Texas, Arizona, New Mexico and California.

One Ardmore is the culmination of a successful public/private partnership between Dranoff Properties and Lower Merion Township, which served as a principal catalyst for the economic revival of Ardmore and the arrival of high-quality residential living in the downtown district.

Bleznak has represented some of the premier names in the retail industry including Whole Foods, CVS, Wawa, BJ's Restaurant Group, California Pizza Kitchen, Redstone American Grill, Lululemon, Dave & Buster's, A.C. Moore and Citizens Bank.

Sacramento's growing economy, fueled by population growth, affordability and investment in urban development, speak to the market potential of this MSA, not only for retail but healthcare.