Kennedy Wilson targets key areas to expand brand to a total of five locales
LOS ANGELES – August 5, 2014 – (RealEstateRama) — Global real estate investment and services firm Kennedy Wilson has closed three lease transactions for new Caffe Primo locations in Los Angeles. With the addition of these new sites, the leader in the next generation of cafés expands to five locations, which will total two in West Hollywood, two in Santa Monica, and one in downtown, Los Angeles.
“Recognized as ‘Best of LA’ by Los Angeles Magazine, Caffe Primo has made a name for itself by bringing the style and ambience of Italian coffeehouses and espresso bars to Los Angeles,” said Lee Shapiro, executive vice president of Kennedy Wilson’s Brokerage Group, which represented Caffe Primo. “These locations are strategically positioned in areas of high-traffic retail and entertainment areas to effortlessly attract business.”
In addition to Shapiro, Ed Sachse, executive managing director, and Justin Weiss, senior associate, represented the landlord on the 6,530-square-foot space located directly across from the Los Angeles Convention Center at 1340 S. Figueroa St, while Christine Deschaine, senior vice president, represented the landlord for the Santa Monica location at 702 Arizona St.
“We feel very fortunate to have so many Caffe Primo enthusiasts. In fact, we are actively searching for as many as 20 additional prime locations within California where our current and future customers can enjoy the primo lifestyle,” said Charlton Lui, president and CEO of Primo Hospitality Group, Inc. and co-founder of Caffe Primo. “It has been a pleasure working with Kennedy Wilson and we look forward to securing additional locations with their strong tenant representation.”
Construction is underway on the 4,970-square-foot West Hollywood location at 7111 Santa Monica Blvd, which is expected to open in December of this year. Construction on the two additional locations is scheduled to begin later this year.
About Kennedy Wilson
Founded in 1977, Kennedy Wilson is a vertically integrated global real estate investment and services company headquartered in Beverly Hills, CA, with 24 offices in the U.S., U.K., Ireland, Spain and Japan. The company, on its own or with partners, invests opportunistically in a variety of real estate related investments, including commercial, multifamily, loan purchases and originations, residential, and hotels. Kennedy Wilson offers a comprehensive array of real estate services including investment management, property services, auction, conventional sales, brokerage and research. For further information on Kennedy Wilson, please visit www.kennedywilson.com.