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Macy's Leases 30,000 SF Retail Space At Santee Trolley Square

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LEASED
Brian Quinn
David (Dave) Hagglund
+ 1

California

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Retail30,000 SF
Leased 09/07/2023
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Property Image
LEASED

Macy's Leases 30,000 SF Retail Space At Santee Trolley Square

9918 Mission Gorge Road

See Similar Deals
Retail30,000 SF
Leased 09/07/2023
Brian Quinn
David (Dave) Hagglund
+ 1
Contact now

Summary

CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$0
Total Square Footage:30,000 SF
Transaction Type:Lease

A 30,000-square-foot small-format retail store is set to open in Santee Trolley Square located at 9918 Mission Gorge Road in Santee. The lease agreement was secured by JLL, representing the landlord Kimco Realty Corporation. This move by Macy's reflects their strategy to meet the demands of modern consumers and enhance the tenant mix at Santee Trolley Square.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: Not specified
  • Address: 9918 Mission Gorge Road, Santee
  • Market: Santee
  • Landlord: Kimco Realty Corporation - Zach Blatteis
  • Tenant: Macy's - Jeffrey Gennette
  • Landlord's Representative: Brian Quinn & Bryan Cunningham - JLL
  • Tenant's Representative: Dave Hagglund & Andrew Roth - CBRE

Macy's decision to open a small-format store in Santee Trolley Square demonstrates their commitment to adapting to the preferences of modern consumers. With the lease secured by JLL for Kimco Realty Corporation, the tenant mix at Santee Trolley Square is expected to be enhanced, providing shoppers with a wider range of options.

Players

Bryan Cunningham
2 deals$5.3M volume(858) 410-6326
BROKER

Brian Quinn
JLL
5 deals$25.5M volume(858) 352-2902
BROKER

David (Dave) Hagglund
CBRE
2 deals$15M volume(858) 546-4614
BROKER


Kimco Realty
LANDLORD

Macy's
TENANT

Details

LEASED
IMAGE: Andrew Roth, Zach Blatteis, Jeffrey Gennette, Dave Hagglund, Bryan Cunningham & Brian Quinn DATE: 09/07/2023 ADDRESS: 9918 Mission Gorge Road MARKET: Santee ASSET TYPE: Retail ~ SF: 30,000 LANDLORD: Kimco Realty Corporation (@Kimcorealty) - Zach Blatteis TENANT: Macy’s (@Macysinc) - Jeffrey Gennette LANDLORD'S REP: Brian Quinn & Bryan Cunningham - JLL (@jll) TENANT'S REP: Dave Hagglund (@Davehagg) & Andrew Roth - CBRE (@Cbre) NOTE: Macy's is opening a 30,000-square-foot small-format store at Santee Trolley Square, 9918 Mission Gorge Rd., Santee, in November. The lease, secured by JLL for the landlord Kimco Realty, reflects Macy's strategy to meet modern consumer demands and enhance the tenant mix at Santee Trolley Square. ’s

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Deal Type
Effective Rent (Annual)

$1,719,581.90

Total Lease Value

$17,195,818.97

Net Landlord Cash Flow$1,719,581.90