Over the last decade, Erewhon, grocery anchor at Cypress Retail Group’s Summit at Calabasas listing, has expanded into 10 locations and transformed into the world’s trendiest and most extravagant market. Now deemed a “quintessential L.A. experience”, the upscale organic grocer known for supplying only the purest health foods and products has become one of Hollywood’s hottest gathering spots with an impressive fan base. A recent article published in The Hollywood Reporter, accessible here, provides a detailed insight into the family behind this true retail phenomenon, its mega success in the health food market sector, and future growth plans. For current leasing opportunities to join the Erewhon-Anchored Summit at Calabasas shopping center, click here.
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Chipotle Mexican Grill recently reported it third quarter financial results, showing an 11.3% increase in total revenue over last year’s Q3 numbers, largely driven by new restaurant openings. The chain opened 62 new locations in Q3 alone, with 54 of those including a Chipotlane. For more detailed numbers and Chipotle’s future outlook, click here for the full article from RNR Restaurant News.
The Kebab Shop, Dog Haus and Pinkberry have recently executed leases to join Santa Clarita’s Plaza at Golden Valley, securing three of four highly desirable positions in the former Sizzler restaurant pad redevelopment. Leasing activity for what is considered the dominant power center in eastern Santa Clarita Valley has remained strong throughout the year, with a national grocery store executing a lease last month for 16,000 SF formerly occupied by Party City, and Daiso now under construction in approximately 7,700 SF adjacent to Kohl’s. Given the project’s exceptional co-tenancy and strategic positioning along the heavily travelled 14 Freeway, the final remaining availabilities are expected to lease up quickly. Matt Haas and Bob Haas of Cypress Retail Group represented the landlord in the acquisition of the property last year and have since been responsible for all leasing efforts within the center on behalf of the new ownership.