Ex-Macy's site draws crowds. (Real Estate Special Report -- L.A. Turns Inward).WHILE the brokers for high-profile projects like Hollywood & High land took center stage last year, Joel Mayer and Bob Baker of Madison Marquette Retail Services had their work cut out for them in leasing the old Macy's department store (formerly Bullocks) in Westwood Village. First off, the project involved converting a single-user space into four separate retail spaces, which all require their own access points and loading docks. Add to that Westwood's active homeowners groups that in the past have stopped developments in their tracks. But in the end, the senior Madison Marquette executives completed leasing the 225,000-square-foot building before the overhaul even began. What's emerged over the last few months is a retail center that's bringing in lots of shoppers and could provide a catalyst for an area that's been on the verge On the Verge (or The Geography of Yearning) is a play written by Eric Overmyer. It makes extensive use of esoteric language and pop culture references from the late nineteenth century to 1955. of rebirth for more years than the locals would care to think about. "While we were sensitive to the community needs, we had entitlement rights we didn't want to jeopardize by over-involving the community, either," Baker said. As befitting be·fit·ting adj. Appropriate; suitable; proper. be·fit  ting·ly adv.Adj. 1. the neighborhood, some of the new tenants provide a high-end flavor, including Home Depot's Expo Design Center, a Ralphs Grocery Store Co.'s Fresh Fare. Also at the site is a Best Buy and Longs Drugs Longs Drugs (NYSE: LDG) is a pharmacy chain store located in the West Coast of the United States. It was founded in 1938 by brothers Thomas and Joseph Long (son-in-law of Marion Barton Skaggs, co-founder of Safeway Inc.), with their first store in Oakland, California. , which took the former Bullocks Tea Room space on the third floor. Mayer and Baker continue to lease the 180,000 square feet of additional office and retail space surrounding the former Macy's building. Only about 6,000 square feet remain unleased. Two unnamed restaurants and two unnamed retailers plan to take 16,000 square feet within a few weeks, Mayer said. Victoria's Secret For the Sonata Arctica single, see Victoria's Secret (song) Victoria's Secret is an American retailer of high quality lingerie and beauty products.[2] was scheduled to open late last week, and AT&T Wireless recently leased 3,000 square feet next to The Gap. Baker, senior vice president and director of leasing at Madison Marquette, worked on Hollywood Marketplace at Sunset Boulevard Sunset Boulevard is a street in the western part of Los Angeles County, California, that stretches from Figueroa Street in downtown Los Angeles to the Pacific Coast Highway at the Pacific Ocean in the Pacific Palisades. and Vine Street
Mayer directs leasing of Madison Marquette's Southern California Southern California, also colloquially known as SoCal, is the southern portion of the U.S. state of California. Centered on the cities of Los Angeles and San Diego, Southern California is home to nearly 24 million people and is the nation's second most populated region, portfolio. He joined the firm after it acquired Farallon Retail Services, where he was an executive. RELATED ARTICLE: Unsung Deals Project: Bullocks Westwood/Macy's site Players: Joel Mayer, Bob Baker senior vice presidents of leasing, Madison Marquette Retail Services. The Deal: After two years of renovation work, the former site of Macy's department store at LeConte Avenue and Westwood Boulevard Westwood Boulevard is a street in Los Angeles that runs through the heart of Westwood Village and further south in West Los Angeles. Westwood Blvd begins south of Sunset Boulevard in the campus of UCLA as Westwood Plaza. re-opened last fall preleased by four big-box retailers. Leasing for surrounding retail and office space has moved quickly, overcoming Westwood Village's history as a challenging area for redevelopment. |
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