Thank you for sharing!

Your article was successfully shared with the contacts you provided.

HOLLYWOOD-The CIM Group has signed fashion retailer Zara for a 17,000-sf store at CIM’s redevelopment of the 55,000-sf 6904 Hollywood Blvd. building, across the stret from CIM’s Hollywood & Highland project. Zara, a 990-store chain that is one of a group of companies owned by Spain’s Inditex, will become the latest in a series of national and regional boutiques that have opened their doors in Hollywood as part of the revitalization of the area’s commercial districts in recent years.

According to Shaul Kuba, principal and co-founder the CIM Group, Zara will occupy half of the first two floors of the three-story 6904 Hollywood Blvd. building, which is the latest in a series of Hollywood-based CIM Group’s acquisitions there. Kuba adds that Zara is among a handful of top apparel retailers being courted by retail developers across the country.

Kuba says that the CIM Group plans a full renovation of the 6904 Hollywood Blvd. building, which was built in the 1920s and is adjacent to the restored El Capitan and the historic Masonic temple. The CIM Group will strip the 6904 building to its original façade and will complete what Kuba calls “significant structural upgrades” to convert it into two floors of modern retail space topped by 22,000 sf of dlass A office space.

Zara is expected to open in summer 2008 near retailer H&M, which CIM signed for a 10,000-sf store at 6914 Hollywood Blvd. that is set to open this fall. Both retailers are directly across the street from CIM Group’s Hollywood & Highland Center, which features 387,000 sf of national and local fashion and luxury retailers, along with clubs, restaurants and the 3,400-seat Kodak Theatre.

Also at Hollywood & Highland, the CIM Group recently signed two other popular fashion retailers, Guess and the new XXI concept from Forever 21. Jeff Kreshek, a principal at CIM Group, says that the new retailers underscore Hollywood’s emergence as one of the fastest growing commercial districts in Los Angeles, with major retailers investing in the area, abundant clubs and restaurants, new housing and steady demand for office space.

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?


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.