Coreland Companies Negotiates 10-Year Lease for Quiznos Sub at Pacific Center Shopping Center in Downtown Los Angeles

Tustin, CA – Coreland Companies of Tustin, Calif., one of the largest real estate service companies based in California, announced that its leasing / sales division has negotiated a retail lease for Quiznos Sub at Pacific Center, a 12-story, 411,000-square-foot, Class A office building, located in Downtown Los Angeles, Calif.

As the exclusive leasing agent for Pacific Center, Martin Porter and Bryan Bauer of Coreland Companies negotiated the retail lease transaction on behalf of the building’s owner, Holualoa Companies of Santa Monica, Calif. Quiznos signed a 10-year lease for 1,375 square feet for a total consideration of approximately $565,110. The tenant, which was represented by Steve Selcer of The Legaspi Company in Montebello, is expected to open in the fourth quarter of 2005.

“Pacific Center has 40,000 square feet of ground level retail that our client wishes to remerchandise and reposition to take advantage of the tremendous growth in downtown Los Angeles,” says Steven Hogberg, Vice President of Leasing/Sales of Coreland Companies. “This is yet another example of our client’s confidence in Coreland’s ability to successfully handle their leasing requirements in their new markets.” Pacific Center is located at 6th Street and Grand Avenue in Los Angeles.

Coreland Companies is a full-service commercial real estate company with expertise in retail, office and industrial properties. Coreland Companies is one of the largest privately held commercial real estate service companies based in California. Coreland Companies is based in Tustin with offices throughout California. For more information, visit www.coreland.com.