Transaction marks first Panera Bread location in Culver City
LOS ANGELES – November 7, 2014 – (RealEstateRama) — Global real estate investment and services firm Kennedy Wilson has negotiated a 10-year retail lease for Panera Bread, a bakery-café chain with locations nationwide. Located at 10990 Jefferson Blvd. within the Studio Village Center, the 5,100-square-foot property will house the first Panera Bread in Culver City.
Matt Adamczyk, vice president of Kennedy Wilson’s Brokerage Group, represented the tenant, Panera Bread, in the transaction.
“Culver City is a target market for Panera Bread’s expansion in the Los Angeles area,” said Adamczyk. “Situated on a high traffic intersection with a sizeable daytime population, the center’s location is considered a prime shopping destination by the surrounding community.”
Anchored by Pavilions, the center is 100 percent occupied. Panera Bread joins a number of other national retail tenants including, T.J. Maxx, Rite Aid, Toys ‘R’ Us, Pier 1 Imports, PetSmart and Anna’s Linens
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 25 offices in the U.S., U.K., Ireland, Spain, Jersey 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.