For Brentwood Town Center, it’s out with the old and in with the new.
Blatteis & Schnur, the owner of the nearly 12,000-square-foot retail complex on the corner of San Vicente Boulevard and 26th Street, has signed deals with five new tenants for leases worth more than $8 million, the Los Angeles Business Journal reported.
The newcomers, taking over from tenants that are reaching the end of 10-year leases, will give the shopping center some fresh cultural cachet, the landlord said. An old Starbucks, for instance, will be replaced by a Blue Bottle Coffee, which will begin its decade-long lease for the 673-square-foot space in May.
The biggest new tenant is Cos Bar, the so-called “beauty store for the 1 percent,” which took a 10-year lease for 1,474 square feet. Luxury denim store Paige Denim is signing on for 1,208 square feet of space for what will become its flagship location. Activewear brand Human Performance Engineering inked a 540-square-foot, 10-year lease.
Blatteis, the Century City-based firm behind At Mateo, purchased the retail center almost 10 years ago, when it was fully leased, company’s co-chairman Dan Blatteis told the Journal. The shops were able to weather the recession, he said.
“True to form, this property held its value and came back strongly,” he said. [LABJ] — Cathaleen Chen