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587 East Colorado Boulevard

Robbins Brothers Fine Jewelers Leases 8000 SF Retail Space In Pasadena For 16 Years
LEASEDRetail

Robbins Brothers Fine Jewelers Leases 8000 SF Retail Space In Pasadena For 16 Years

587 East Colorado Boulevard

Building Size

8,000 SF

Asset Type

Retail

Closing

Jun 16, 2025

AI

Robbins Brothers Fine Jewelers has signed a lease for a retail space totaling 8,000 square feet located at 595 East Colorado Boulevard in Pasadena. The market for this transaction is Pasadena, and the lease term extends for 16 years.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not disclosed
  • Address: 595 East Colorado Boulevard
  • Market: Pasadena
  • Landlord: Connor Kidd - The Swig Company
  • Tenant: Marc Friedant - Robbins Brothers Fine Jewelers
  • Landlord's Representative: Katie Cowan, Shaun Stiles & Hayden Clegg - Newmark
  • Tenant's Representative: Guardian Commercial Realty
  • Lease Term: 16 years

This lease agreement involves key individuals in the transaction, including Connor Kidd representing the landlord, and Marc Friedant representing the tenant. The landlord was assisted by Newmark with a team including Katie Cowan, Shaun Stiles, and Hayden Clegg, while Guardian Commercial Realty served as the representative for Robbins Brothers Fine Jewelers.

Players

Katie Cowan

Newmark

Broker

$80M

vol

2 deals

Broker
Newmark
NewmarkBrokerage

Pasadena Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93