Trader Joe’s inks 16K sf lease at huge NoHo mall conversion

Grocery will serve project's large residential component

TRD LOS ANGELES /
Jan.January 08, 2019 04:00 PM
NoHo West (Credit: Wikipedia and Trader Joes)

Trader Joe’s has signed a new lease at NoHo West, the 25-acre project to redevelop a defunct shopping center in North Hollywood.

The grocery store will take up 15,900 square feet of space inside the project, a mixed-use complex of multiple buildings that Merlone Geier and GPI Companies are carving out of the former Laurel Plaza Shopping Center. The shopping center was once anchored by a 475,000 square-foot Macy’s.

The lease checks off an important box on the developers’ punch list. The city approved the project in 2016 with the expectation that NoHo West would replace Laurel Plaza’s “underutilized” retail space with a “higher concentration and variety of commercial uses,” including a grocery store, according to a city document.

The store will also serve the 642 residential units that are planned for the complex.

This will be the first Trader Joe’s in North Hollywood. The grocery chain operates locations throughout the San Fernando Valley in nearby Burbank, Sherman Oaks, Studio City, and Toluca Lake.

Analysts say construction of new grocery stores has not kept up with L.A.’s residential boom. A survey put out by the Downtown Business Improvement District found that 60 percent of DTLA residents wanted a market near them.

Representatives of Merlone Geier did not respond immediately to requests for comment.


Related Articles

arrow_forward_ios
From left: Michael Shabani, James Randall, and 8840 Beverly Boulevard (Credit: Getty Images)

Investor James Randall pays $36M for WeHo furniture showroom

Hudson Pacific Properties CEO Victor Coleman and the Westside Pavilion (Credit: Google Maps)

Hudson Pacific wants full control of Google-leased One Westside; not sweating WeWork

From left: A San Fernando Valley retail center and a Forever 21 near downtown LA (Credit: iStock)

Greater LA retail market struggles to recover from big box closures, bankruptcies

The North Hollywood and Topanga stores (Credit: Vallarta Supermarkets)

Vallarta Supermarkets plans huge grocery store in Van Nuys

Space Investment Partners co-founders Mark Moshayedi and Ryan Gallagher with Westport Plaza (Credit: Connect California)

Playing small mall: New firm picks up shopping center in Costa Mesa

DH Holdings founder David Horenstein and Conejo Gateway

Local firm plans to expand Thousand Oaks retail plaza after $18M purchase

Hollywood & Highland, Gaw Capital Chairman Goodwin Gaw and DJM founder John Miller

CIM Group sells Hollywood & Highland mega-complex for $325M: sources

Rick Edwards, partner at Seagrove Property Group and the property

Foreign investor drops $13.7M on fully leased shopping center in San Gabriel Valley

arrow_forward_ios
Loading...