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Bracken Darrell Of Dickies Leases Office Space At 77 Fair Drive In Costa Mesa

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LEASED

California

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Office
Leased 11/22/2024
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Property Image
LEASED

Bracken Darrell Of Dickies Leases Office Space At 77 Fair Drive In Costa Mesa

77 Fair Drive

See Similar Deals
Office
Leased 11/22/2024
the dealdetailscomps

Summary

CALIFORNIA
Asset Type:Office
Transaction Type:Lease

The asset involved in this transaction is an office property located at 77 Fair Drive in Costa Mesa. The property is significant as it is being occupied by Dickies as they relocate their headquarters from Fort Worth, Texas. This transition aligns with Dickies' strategy to enhance its fashion appeal within the workwear sector, coinciding with VF Corporation's broader initiatives aimed at cost reductions.

Summary of transation details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Date: 11/22/2024
  • Tenant: Bracken Darrell - Dickies
  • Market: Costa Mesa
  • Asset Address: 77 Fair Drive

Bracken Darrell is representing Dickies in this lease transaction, marking a strategic move involving a potential shared space with sibling brand Vans within VF Corporation's extensive 182,000-square-foot office. This relocation represents a key shift for Dickies aimed at revitalizing its brand while managing operational costs effectively.

Details

LEASED
IMAGE: Bracken Darrell DATE: 11/22/2024 ADDRESS: 77 Fair Drive MARKET: Costa Mesa ASSET TYPE: Office TENANT: Bracken Darrell - Dickies (@Dickies) NOTE: Dickies is relocating its headquarters from Fort Worth, Texas, to Costa Mesa, California, potentially sharing space with sibling brand Vans at VF Corporation's 182,000-square-foot office. The move reflects a shift toward revitalizing the workwear brand's fashion appeal while aligning with VF’s ongoing cost-cutting measures.

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Deal Type
Effective Rent (Annual)

$573,193.97

Total Lease Value

$5,731,939.66

Net Landlord Cash Flow$573,193.97