Wilson Commercial Real Estate of Los Angeles Announces Recent Lease Transactions in So. CA

Wilson Commercial Real Estate of Los Angeles, the largest Landlord representative brokerage firm representing institutional and professional retail property owners on an exclusive basis in the Southern California marketplace, announces the following recent Lease Transactions in So. CA:

LOS ANGELES COUNTY

Ladera Heights

Wherehouse Music signed a lease renewal for 5 years and 5,000 square feet for a total consideration of approximately $867,000 at the Ladera Center, located at 5309 Centinela Avenue in Ladera Heights. The tenant represented themselves. Wilson Commercial Real Estate of Los Angeles is the exclusive landlord representative for the Ladera Center and represented the landlord, MacFarlane Partners in San Francisco, in the lease renewal.


North Hollywood

AIM Mail Center signed a 5-year lease for 1,200 square feet for a total consideration of approximately $194,832 at the Magnolia Shopping Center, located at Magnolia and Vineland in North Hollywood. AIM Mail Center, which was represented by Tess Alvey of Alvey Commercial in Fountain Valley, is anticipated to open in early May 2005. Wilson Commercial Real Estate of Los Angeles is the exclusive landlord representative for the Magnolia Shopping Center and represented the landlord, Westwood Financial in Los Angeles, in the lease transaction.


West Hills

Ciara Dance & Kasters Kleaners signed leases at the Fallbrook Center in West Hills. Ciara Dance, a dance studio, signed a 10-year lease for 2,867 square feet for a total consideration of approximately $662,598. Ciara Dance, which was represented by Jon Paley of Paley Commercial in Woodland Hills, CA, is anticipated to open in mid May 2005. Kasters Kleaners signed a 10-year lease for 1,086 square feet for a total consideration of approximately $448,192. Kasters Kleaners, which was represented by Patti Kutchko of GVA Daum in Woodland Hills, is anticipated to open in mid September 2005. Fallbrook Center is located at Fallbrook Avenue and Vanowen. Wilson Commercial Real Estate of Los Angeles is the exclusive landlord representative for the Fallbrook Center and represented the landlord, General Growth Properties of Chicago, IL, in these lease transactions.


ORANGE COUNTY

Fullerton

Sally Beauty signed a 5-year lease for 1,600 square feet for a total consideration of approximately $224,000 at the Fullerton Crossroads in Fullerton, located at Yorba Linda and Bradford. The tenant represented themselves and is anticipated to open in July 2005. Wilson Commercial Real Estate of Los Angeles is the exclusive landlord representative for the Fullerton Crossroads and represented the landlord, Uhlmann Offices in Sherman Oaks, CA, in the lease transaction.


Garden Grove

Wells Fargo Bank signed a 10-year lease for 3,060 square feet for a total consideration of approximately $740,000 at The Promenade at Garden Grove, located at Chapman Avenue and Brookhurst in Garden Grove. Wells Fargo Bank, which was represented by Carol Schillne of Pacific Retail Partners of Long Beach, is anticipated to open in mid June 2005. Wilson Commercial Real Estate of Los Angeles is the exclusive landlord representative for The Promenade at Garden Grove and represented the landlord, Hughes Investments in Newport Beach, CA, in the lease transaction.


VENTURA COUNTY

Simi Valley

Troop Real Estate signed a 5-year lease for 3,275 square feet for a total consideration of approximately $480,000 at Centre Court Shopping Center, located at Royal and Madera in Simi Valley. The tenant, which represented itself, is anticipated to open in early April 2005. Wilson Commercial Real Estate of Los Angeles is the exclusive landlord representative for Centre Court Shopping Center and represented the landlord, Century Quality Management in Los Angeles, in the lease transaction.


About Wilson Commercial Real Estate (WCRE)

With headquarters in Los Angeles, Calif., Wilson Commercial Real Estate (WCRE) is the largest Landlord representative brokerage firm representing institutional and professional retail property owners on an exclusive basis in the Southern California marketplace. Founded in 1990, WCRE specializes in leasing neighborhood and community anchored shopping centers and additionally provides sales and consulting services within the client’s portfolio. WCRE has earned a reputation for its results-oriented process, expertise, integrity and professionalism. Currently, WCRE represents 10 million square feet of retail space in 40 shopping centers throughout Southern California. For more information, visit the Company’s website at www.wcre.net or call 310.473.4424.