Present Value Properties, Inc. has negotiated a 10-year, 24,160-square-foot lease for HomeGoods at the Sher Lane Shops in Huntington Beach, Calif. HomeGoods, which is expected to open in spring 2013, will occupy the former Office Depot space at 7742 Edinger Avenue.
Britt Nelson of Present Value Properties, Inc. negotiated a 5-year lease on behalf of self-service yogurt chain Menchie's Frozen Yogurt franchisee for 1,234 square feet at the Belmont Village Shopping Center located at 1200 El Camino Real in Belmont, Calif. Menchie's is expected to open in fall 2012, and will join tenants Safeway, Peet's Coffee, AT&T, Game Stop, Toto's Pizza and Supercuts.
Charlie Cangelosi, a 20-year retail real estate veteran, has joined Tustin-based Present Value Properties, Inc. as Vice President and will head up the company's new San Fernando Valley office. Cangelosi was a former partner at Retail Net Lease Properties.
Present Value Properties has named Annette Kolb as Director of Real Estate. Kolb will be responsible for the real estate needs of national chain retailers including Pizza Hut, Long John Silver and Jack in the Box franchisees.
Present Value Properties has named Shannon Labowitz-Coleman as Associate Broker. Labowitz-Coleman will be responsible for managing and sourcing new retailer and landlord representation assignments. She is the daughter of retail real estate industry veterans Bernie and Marcia Labowitz and has more than 20 years of industry experience.
Ryan Gast of Present Value Properties represented Menchie's in the signing of a 1,427 sq. ft. lease at Culver Plaza in Irvine, Calif. Menchie's self-serve frozen yogurt is slated to open in the summer at 15333 Culver Drive, Suite 360 in Irvine. Present Value Properties is Menchie's exclusive real estate representative in Southern California.
Present Value Properties has represented Menchie's in six lease transactions in California. Sharon Courtway, SCLS, Vice President, Bernie Labowitz, Senior Vice President, and Greg Fisher, President of Present Value Properties, represented the self-serve frozen yogurt franchisee.
Sharon Courtway of Present Value Properties negotiated five leases at 5 Points Plaza in Huntington Beach, which brings the center to 97% leased. Charming Charlie, Kahoots Pet Store, CloudMover Day Spa, Bliss Nails and Spa, and Original Bold Fold will open at 5 Points Plaza.
Ryan Gast has joined Present Value Properties as Associate Broker. Gast will be responsible for managing and sourcing new retailer and landlord representation assignments. The firm currently has 650,000 SF of retail space listed throughout So. CA and exclusively represents a variety of chain retailers throughout So. CA including Gold Max, Menchie's Frozen Yogurt, and Southern Pizza Hut.
With nearly 25 years of experience in commercial real estate and corporate sales and marketing, Britt Nelson has joined Present Value Properties as Vice President and will be involved in building Present Value Properties into a multi-state real estate brokerage and consultancy.
Gold Max of California plans to open 100 Gold Max stores in Southern California within the next year. With more than 150 stores, Gold Max operates the United States' largest chain of stores specializing in buying gold and precious metals from consumers. Present Value Properties is Gold Max's exclusive real estate broker for California. Gold Max offers a 110% best price guarantee.
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