Retailers Looking for New California Locations

Image courtesy of the American Planning Association

Image courtesy of the American Planning Association

The International Council of Shopping Center’s (ICSC) Western Conference just wrapped up at the San Diego Convention Center this afternoon, but if you were not among the 4,000 attendees, here is a quick summary of some of the retailers looking for locations in California.

  • SweetGreen – has 51 stores nationwide – price points from $7 to $13 – higher end locations with good lunch and dinner crowd
  • Chick-Fil-A – popular chain is still aggressive on new locations, looking for 1-acre property at major intersections
  • Puesto – known for gourmet tacos made fresh, has a few SoCal locations but looking for more
  • Five Below –soft goods retailer new to California that sells nothing costing more than $5 and caters to teens and pre-teens, looking for prominent 8,000 square foot (sf) spaces
  • Farmer Boys – Riverside-based “fast casual” chain looking to grow towards Sacramento, typically 3,100 sf freestanding
  • Guitar Center – destination retailer will take spaces that can be less appealing, seeking locations between 8,000 and 15,000 sf
  • New Seasons Market – Portland-based, triple-bottom line grocer known to pay 2.5 times more than competition, looking for 23,000-30,000 sf space.  Currently expanding into greater Bay Area
  • The Lot – entertainment/food/bar concept in upscale markets looking for 30,000-35,000 sf
  • Gen Korean BBQ – Yelp-popular brand looking for 6,000-8,000 sf spaces near Millennial-popular neighborhoods
  • Burlington Stores – still growing in all states, looking for 40,000-50,000 sf in areas with at least 200,000 residents.

Of course, not all will buy land or anchor your next center – so be sure to check with us if you need more information and ideas.

Written by Jim Simon, a Principal at RS