Thank you for sharing!

Your article was successfully shared with the contacts you provided.

LAKEOSWEGO, OR-Oswego Village, an 86,600-sf retail center here, continues to sport a 98% occupancy rate thanks to 18,000 sf of new and renewal activity over the final two months of the year.

The Albertson’s-anchored strip center is owned by the Ventura County Employee Retirement Association and marketed by CB Richard Ellis brokers David Demers and Dan Stein. Stein tells GlobeSt.com the center is located on Highway 43, also known as Main Street, just south of A Street, which is a major east-west corridor through the upscale community.

Stein says the center’s triple-net asking rates, which are between $14 per sf and $21 per sf, have actually gone up recently in some case as there have been multiple bidders for the same space. “It’s a desireable center in a very desirable area,” says Stein, explaining that an LOI has been received for the 2,000 sf still available. “It is one of the few grocery-anchored retail centers in Lake Oswego with modern retailer such as Noah’s Bagels, Jamba Juice, Taco Bell and Subway.”

The most recent transaction was a renewal and expansion by Tuesday Morning Inc. The discounter of high-end merchandise expanded from 5,200 sf to 6,137 sf. Kosta, Choate & Pierson, a physical therapy clinic, also renewed and expanded from 3,000 sf to 4,747 sf. As well, Palm Beach Tanning signed on for 2,900 sf, Wiltshire Jewelers signed on for 1,130 sf, Clear Choice Wireless signed on for 1,125 sf. Nanny B’s, a children’s clothing store, and Nova Travel also signed leases in the past several weeks.

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
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

GlobeSt. NET LEASE Spring 2021Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information


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 © 2021 ALM Media Properties, LLC. All Rights Reserved.