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NAI Capital Arranges 12,000 SF Lease for Room & Board in Costa Mesa

02/19/2016

NAI Capital Arranges 12,000 SF Lease for Room & Board in Costa Mesa

 

Costa Mesa, CA, Tuesday, February 09, 2016–Vice President Myron Sokolsky of NAI Capital was instrumental in arranging a 8-year 12,000 square foot lease on behalf of Room & Board at the South Coast Collection (SOCO). Terms of the transaction were not disclosed. 

Room & Board is an American modern furniture and home furnishings retailer based in Minneapolis, MN. They had been a tenant at South Coast Plaza for 15 years, occupying 36,000 square feet. Room & Board will be relocating to South Coast Collection (SOCO) located at 3303-3323 Hyland Ave in Costa Mesa. SOCO features over 300,000 square feet of showrooms, restaurants, artisan food purveyors, boutiques, creative studios and is home to Orange County’s largest Farmers Market. It is a destination interior design center for homeowners and their designers. Each showroom features experienced onsite design professionals standing by to assist. This new store for Room & Board will be smaller in square footage but is projected to do more volume per square than its previous location at South Coast Plaza.

Sokolsky said, “The new smaller foot print will adjust for the increase in internet sales and position Room & Board at the South Coast Collection with similar quality type home goods tenants such as; HD Buttercup, Design Within Reach, Pirch, Brown Jordon and Roche Bobois.” NAI Capital continues to represent Room & Board seeking similar type locations in San Diego and Pasadena, California.

 

About NAI Capital

NAI Capital is the largest independently owned full service commercial real estate firm headquartered in Southern California, providing a complete range of transaction, valuation, investment, property management and consulting services. NAI Capital is one of the largest members of NAI Global, a premier real estate service network with 375 offices and 6,700 market leaders spanning the globe. By leveraging our local expertise with our global reach, NAI Capital offers innovative, customized solutions and seamless service to owners, corporate occupants and investors throughout Southern California. Since 1979, NAI Capital clients have built their businesses on the power of our expanding network. We are a dynamic growing commercial real estate company. At NAI Capital we work together putting our clients first.

 

NAI Capital Brokerage CA BRE #00806840

To learn more, visit www.naicapital.com 

 

About NAI Global

 

NAI Global is the single largest, most powerful global network of owner-operated commercial real estate brokerage firms. NAI Global provides a full range of corporate real estate services, including brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain and logistics consulting and related advisory services. NAI Global Member firms, leaders in their local markets, are actively managed to work in unison and provide clients with exceptional solutions to their commercial real estate needs. Founded in 1978, today NAI Global has more than 375 offices strategically located throughout North America, Latin America, Europe and Asia Pacific, with over 6,700 local market professionals, managing over 380 million square feet of property. Supported by the central resources of the NAI Global network, Member firms deliver market-leading services locally and combine their in-market strengths to form a powerful bond of insights and execution for clients with multi-market challenges.

 

NAI Global was acquired in 2012 by C-III Capital Partners, a leading commercial real estate services company engaged in a broad range of activities, including primary and special loan servicing, loan origination, fund management, CDO management, principal investment, online capital markets, title services and multifamily property management. C-III’s principal place of business is located in Irving, TX, with additional offices in New York, NY, Greenville, SC and Nashville, TN.  

 

To learn more, visit www.naiglobal.com.

 

Press Contact:

J.C. Casillas

818.913.2433

jcasillas@naicapital.com

Source

NAI Global

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