X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

OCEANSIDE, CA-The owners of the El Camino North Shopping Center have announced the signing of four national chains to leases totaling 60,447 sf.

Barnes & Noble Booksellers, Michaels Arts & Crafts, Chili’s Grill & Bar and Macaroni Grill have signed leases with Center Trust Inc. of Manhattan Beach, whose officials said last month at a city Planning Commission meeting they would bring top-tier tenants to the site. But they said then that they wouldn’t sign leases until the commission decided whether to approve their plan to demolish the old center and rebuild it 1 1/2 times the size of the original. Commissioners unanimously approved the plan July 22.

The center, on the southwest corner of Vista Way and El Camino Real, is one of the city’s oldest, built in 1980. One of the buildings demolished was a multiplex Mann Theatre.

The complex is anchored by Stein-Mart, Mervyn’s, Petco and Toys R Us and contains banks, restaurants and fast-food establishments. All four new businesses plan to open next summer, according to the REIT, which says facades and traffic flow would be improved and landscaping would be added.

The leases were signed in connection with the company’s planned $16 million redevelopment of the property, which is located at the northwest corner of Highway 78 and El Camino Real.

Plans for the project include the addition of approximately 100,000 sf of new retail space to the center, which will comprise approximately 490,000 sf upon completion. The project will include an upgrade to the facade of the existing storefronts, significantly improved traffic flow within the parking lot and extensive landscaping.

“These national tenants complement the existing tenants very well,” says Stuart Gulland, president and chief operating officer.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.