{"id":1858,"date":"2020-12-02T08:47:46","date_gmt":"2020-12-02T16:47:46","guid":{"rendered":"https:\/\/www.lee-associates.com\/pasadena\/?p=1858"},"modified":"2021-02-04T12:04:34","modified_gmt":"2021-02-04T20:04:34","slug":"lee-associates-pasadena-closes-17000-sf-lease-with-grocery-outlet-bargain-market-in-arcadia-ca-at-the-shoppes-highlander-center","status":"publish","type":"post","link":"https:\/\/www.lee-associates.com\/pasadena\/2020\/12\/02\/lee-associates-pasadena-closes-17000-sf-lease-with-grocery-outlet-bargain-market-in-arcadia-ca-at-the-shoppes-highlander-center\/","title":{"rendered":"LEE & ASSOCIATES-PASADENA CLOSES 17,000 SF LEASE WITH GROCERY OUTLET BARGAIN MARKET IN ARCADIA, CA AT THE SHOPPES @ HIGHLANDER CENTER"},"content":{"rendered":"

November 23, 2020 (ARCADIA, CA)<\/strong> \u2013 Grocery Outlet<\/a>, a publicly traded company which is recognized as one of our nation\u2019s largest value-oriented grocery chains has signed a 17,000 sq. ft. lease at The Shoppes @ Highlander Center located at 165 E Foothill Blvd. in Arcadia, California, formerly occupied by Rite Aid. Dan Bacani<\/a> and Jodi Shoemake<\/a> of Lee & Associates-Pasadena<\/a> as well as David Maltzman of Globe Street Properties represented the landlord. Nathan Cromeenes of Newmark Knight Frank and Carol Springstead of Springstead & Associates represented the tenant. The project is scheduled for completion in January 2021.<\/p>\n

\"GroceryThe new lease will position Grocery Outlet as the anchor tenant and complete the repositioning and renovation of the center, which began in 2015 when Fresh & Easy closed their doors.
\n\u201cWe were chasing Grocery Outlet back in 2016 but ultimately they signed a lease in Duarte\u201d, Shoemake pointed out. \u201cIn reality, the Fresh & Easy space was too small for GO in addition to the belief from GO that the two sites were too close to each other. We knew the Rite Aid\u2019s option was coming up, and always felt the Arcadia Foothill community would welcome the Grocery Outlet brand with open arms, so we kept asking.\u201d
\nThe City of Arcadia will have the good fortune of a second Grocery Outlet location at 140 E Live Oak, a former Walgreens. The opening date is projected for mid-2021. Although Bacani and Shoemake were not involved in the transaction, Grocery Outlet turned to the retail team to assist with an appeal against the CUP for alcohol sales.<\/p>\n

\u201cI feel that our team\u2019s extensive local knowledge as commercial real estate brokers and past experience as municipal consultants for Arcadia definitely helped in defeating the surprising legal challenge,\u201d Bacani remarked.<\/p>\n

Grocery Outlet Bargain Market (NASDAQ: GO) is a publicly traded discount supermarket that supplies primarily name brand discounted and overstocked products with locations in California, Oregon, Washington, Idaho, Nevada, and Pennsylvania. Grocery Outlet has over $2 billion in annual sales.<\/p>\n

Press Release: Costar News<\/a><\/p>\n

 <\/p>\n\n\n\n\n
\"\"<\/td>\n<\/td>\n\"\"<\/td>\n<\/tr>\n
Jodi Shoemake, Founding Principal<\/strong><\/span>
\n626.240.2780<\/span>
\njshoemake@lee-associates.com<\/a><\/span>
\nLicense# 01833063<\/span><\/td>\n		<\/td>\nDan Bacani, Founding Principal<\/strong><\/span>
\n626.240.2781<\/span>
\ndbacani@lee-associates.com<\/a><\/span>
\nLicense# 01385413<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

##<\/p>\n

About Lee & Associates<\/u><\/strong><\/p>\n

Lee & Associates \u2013 Pasadena is a full service commercial real estate company headquartered in Pasadena, CA. Our client-focused brokers specialize in office, retail, tenant advisory, multifamily, and investment sales. As the fastest growing broker-owned firm in the nation, with more than 60 office locations in North America, we are uniquely qualified to support our clients\u2019 real estate needs in the local, national and international markets. For more information, visit\u00a0lee-pasadena.com<\/a>.<\/em><\/p>\n\n\n\n
Share<\/strong><\/td>\n\"\"<\/a><\/td>\n\"\"<\/a><\/td>\n\"\"<\/td>\n\"\"<\/a><\/td>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

November 23, 2020 (ARCADIA, CA) \u2013 Grocery Outlet, a publicly traded company which is recognized as one of our nation\u2019s largest value-oriented grocery chains has signed a 17,000 sq. ft. lease at The Shoppes @ Highlander Center located at 165 E Foothill Blvd. in Arcadia, California, formerly occupied by Rite Aid. Dan Bacani and Jodi Shoemake of Lee & Associates-Pasadena as well as David Maltzman of Globe Street Properties represented the landlord. Nathan Cromeenes of…<\/p>\n","protected":false},"author":72,"featured_media":1362,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-1858","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-press-releases"],"yoast_head":"\nLEE & ASSOCIATES-PASADENA CLOSES 17,000 SF LEASE WITH GROCERY OUTLET BARGAIN MARKET IN ARCADIA, CA AT THE SHOPPES @ HIGHLANDER CENTER - Lee & Associates Pasadena<\/title>\n<meta name=\"description\" content=\"Grocery Outlet leases former Rite Aid Space in Arcadia, CA. 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