Wilson Commercial Real Estate of Los Angeles Announces 10 Recent Lease Transactions in So. CA Valued at More than $7 Million

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 10 recent Lease Transactions in So. CA valued at more than $70 million:

LOS ANGELES COUNTY

Granada Hills

Catherine Alfonso, DDS signed a 10-year lease for 2,280 square feet for a new dental office a total consideration of approximately $637,000 at Granada Village, located at 18121 Chatsworth in Granada Hills. The tenant, which represented itself, is anticipated to open by the end of April 2005. Wilson Commercial Real Estate of Los Angeles, along with Kirnan Commercial of Woodland Hills, represented the landlord, First Washington of Maryland, in the lease transaction.

Lancaster

Family Fashion signed a 5-year lease for 6,388 square feet for a total consideration of $406,277 at Lancaster Plaza, located at Avenue J and Challenger Way in Lancaster. The tenant, which represented by America Realty & Investments of Los Angeles, is anticipated to open in early June 2005. This will be Family Fashion’s third location. Wilson Commercial Real Estate of Los Angeles is the exclusive landlord representative for Lancaster Plaza and represented the landlord, Pacific Capital Investments of Roseville, Calif., in the lease transaction.

Sherman Oaks

Macaroni Grill signed a 10-year lease for 7,157 square feet for a total consideration of approximately $2,254,455 at the Sherman Oaks Galleria, located at Ventura and Sepulveda boulevards in Sherman Oaks. Macaroni Grill, which was represented by Cypress Retail Group of ENCINO, is anticipated to open in early May 2005. Wilson Commercial Real Estate of Los Angeles, along with Kirnan Commercial of Woodland Hills, are the exclusive landlord representatives for the Sherman Oaks Galleria, and represented the landlord, Douglas Emmett of Los Angeles, in the lease transaction.

Studio City

Fantastic Sam’s signed a 5-year lease for 1,175 square feet for a total consideration of $274,084 at the Center at Coldwater, located at Ventura Boulevard and Coldwater Canyon in Studio City. Fantastic Sam’s, which was represented by UDO Real Estate of Pacific Palisades, Calif., is anticipated to open in mid to late July 2005. Wilson Commercial Real Estate of Los Angeles is the exclusive landlord representative for the Center at Coldwater and represented the landlord, Combined Properties of Washington, D.C., in the lease transaction.

West Hills

Beauty Inside & Out signed a 10-year lease for 2,827 square feet for a total consideration of $1,282,980 at the Fallbrook Center, located at Fallbrook Avenue and Vanowen Street in West Hills. The tenant, which represented itself, is anticipated to open in early August 2005. This will be Beauty Inside & Out’s second location. Wilson Commercial Real Estate of Los Angeles, along with Kirnan Commercial of Woodland Hills, are the exclusive landlord representatives for the Fallbrook Center and represented the landlord, General Growth Properties of Chicago, IL, in the lease transaction.

Woodland Hills

Wells Fargo signed a 3-year lease for 1,040 square feet for a total consideration of $96,436.08 at Mayhew Plaza, located at 22645 Ventura Boulevard in Woodland Hills. Wells Fargo, which was represented by CB Richard Ellis in Sherman Oaks, is anticipated to open in mid to late June 2005. Wilson Commercial Real Estate of Los Angeles is the exclusive landlord representative for Mayhew Plaza and represented the landlord, Dolphin Partners of Irvine, Calif., in the lease transaction.


RIVERSIDE COUNTY

Cathedral City

Furniture Plus For Less signed a 3-year lease for 3,250 square feet for a total consideration of $135,720 at Mission Plaza, located at Date Palm Drive and Gerald Ford Drive in Cathedral City. The tenant, which represented itself, is anticipated to open in early June 2005. This will be Furniture Plus For Less’ third location. Wilson Commercial Real Estate of Los Angeles is the exclusive landlord representative for Mission Plaza and represented the landlord, Ethan Christopher, LLC, in the lease transaction.

Murrieta

It’s a Grind signed a 10-year lease for 1,400 square feet for a total consideration of $546,000 at the Heritage Marketplace, located at Scott Road and I-215 Freeway in Murrieta. The tenant, which was represented by Bartlett Commercial of Westlake Village, is anticipated to open in early October 2005. Wilson Commercial Real Estate of Los Angeles is the exclusive landlord representative for the Heritage Marketplace and represented the landlord, Hughes Investments of Newport Beach, in the lease transaction.


SAN BERNARDINO COUNTY

Chino Hills

Mama & Papa’s New York Pizza signed a 5-year lease for 1,200 square feet for a total consideration of $191,520 at the Country Club Marketplace, located at Soquel Canyon and Butterfield Road in Chino Hills. The tenant, which represented itself, is anticipated to open in March 2006. This will be an additional location for Mama & Papa’s New York Pizza, a regional chain. Wilson Commercial Real Estate of Los Angeles is the exclusive landlord representative for the Country Club Marketplace and represented the landlord, Fishman Properties of Cayucos, Calif., in the lease transaction.


VENTURA COUNTY

Simi Valley

Red Brick Pizza signed a 5-year lease for 1,650 square feet for a total consideration of $210,623 at the Madera Royale Shopping Center, located at Madera Road and Royal Avenue in Simi Valley. The tenant, which was represented by UDO Real Estate, Ltd. of Pacific Palisades, Calif., is anticipated to open in early July 2005. This will be an additional location for Red Brick Pizza. Wilson Commercial Real Estate of Los Angeles, along with Kirnan Commercial of Woodland Hills, are the exclusive landlord representatives for the Madera Royale Shopping Center and represented the landlord, Spathco Real Estate of San Diego, 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 more than 10 million square feet of retail space in 50 shopping centers throughout Southern California. For more information, visit the Company’s website at www.wcre.net or call 310.473.4424.