Cassidy Turley BRE Commercial Announces Recent Lease Transactions - October 12, 2011

Published on October 12, 2011

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SAN DIEGO – Cassidy Turley BRE Commercial, San Diego’s market leader in commercial real estate services, today announced the following lease transactions:

Lotus Cafe leased 3,625 square feet of retail space for 10 years, six months at 3955 Fifth Avenue, suite 100, from Village Hillcrest Partners, LP for $1.4 million. Joe Yetter, Mike Clark and Brent Williams of Cassidy Turley BRE Commercial represented the lessor in the transaction. Phil Lyons and Bruce Schiff of Cassidy Turley BRE Commercial represented the lessee.

Mortony’s Pasta House leased 6,000 square feet of retail space for seven years at 307 Vista Village Drive, in Vista, from Regency Centers for $1.2 million. Phil Lyons and Bruce Schiff of Cassidy Turley BRE Commercial represented the lessee in the transaction. The lessor’s representation was not disclosed.
 
Episcopal Diocese of San Diego leased 5,208 square feet of industrial space for 10 years at 2510 Gateway Road, in Carlsbad, from Ocean Collection LLC for $812,179. Andy Melzer of Cassidy Turley BRE Commercial represented the lessee in the transaction. Roger Carlson of CB Richard Ellis represented the lessor.

Timothy J. Hinde dba Krafty Krepes leased 880 square feet of retail space for five years, two months at 1241 Prospect Street, suite A, in La Jolla, from 1241 Prospect Associates, LLC for $348,222. Mike Slattery of Cassidy Turley BRE Commercial represented the lessee in the transaction. Tandis Arjmand of Gallery Properties represented the lessor.

Paint Within the Vines leased 1,518 square feet of retail space for three years at 300 Carlsbad Village Drive, suite 104, in Carlsbad, from SIMA Management Corp. for $89,258. Phil Lyons, Bruce Schiff and Chad Iafrate of Cassidy Turley BRE Commercial represented the lessor in the transaction. The lessee’s representation was not disclosed.

About Cassidy Turley
Cassidy Turley is a leading commercial real estate services provider with more than 3,400 professionals in more than 60 offices nationwide. The company represents a wide range of clients—from small businesses to Fortune 500 companies, from local non-profits to major institutions. The firm completed transactions valued at $18 billion in 2010, manages 455 million square feet on behalf of private, institutional and corporate clients and supports more than 25,000 domestic corporate services locations. Cassidy Turley serves owners, investors and occupiers with a full spectrum of integrated commercial real estate services—including capital markets, tenant representation, corporate services, project leasing, property management, project and development services, and research and consulting. In 2010, the firm enhanced its global service delivery outside of North America through its partnership with GVA. Please visit www.cassidyturley.com for more information about Cassidy Turley.

Cassidy Turley provides regional real estate services with local San Diego market leader Cassidy Turley BRE Commercial. The company’s dominant market presence includes more than 160 professionals and staff in five local offices and recorded nearly $1.2 billion in transactions in 2010. For more information about Cassidy Turley BRE Commercial, please visit www.brecommercial.com.

Lesley-Joann Kolb

858.625.5244

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