View Mobile Site
  •  
  • Home
  • OBITS
  •  
  • Marketplace
  •  
  • Community
  •  
  • Gas Prices
  •  

 

Ask the Expert

Signal Photos

 

New building remodeled for drive-through

Starbucks looking to expand during economic upturn

Posted: August 23, 2013 2:00 a.m.
Updated: August 23, 2013 2:00 a.m.

A recently constructed building is being partially torn down and reconfigured by the company that built it - Intertex Companies - to make room for a drive-through Starbucks.

 

Passersby wondered why a newer building in a relatively new Santa Clarita shopping center is being torn down.
It’s to make way for a new Starbucks coffee shop, said one source.

While a deal hasn’t been finalized yet, workers from Intertex Companies — who constructed the original buildings — are tearing down part of the 1,837 square foot building at Centre Pointe Marketplace on Golden Valley Road to create room for a Starbucks with a drive-through capability.

There used to be a Starbucks in the same shopping center, said John Cserkuti, senior vice president with NAI Capital.
“This was one of three stores Starbucks closed when the recession hit, but their demand and profit margins have increased and they are looking to expand again,” he said. “They’re interested in drive-through locations.”

While the coffee company has its own broker, Cserkuti said he believes their intention is for a Starbucks to open up in the location in fiscal year 2013, which ends Sept. 30.

Cserkuti also just leased a 1,671 square foot retail property to Starbucks at 28050 Hasley Canyon Road in Castaic.
Representing the landlord, Intertex Properties, the deal is valued at $482,000 and is a 10-year lease.

The rent begins in November, but they’ll actually be open in September, Cserkuti said.

“The market is turning around,” he said. “We’re working on about a dozen transactions that spanned almost a one-year period but, we’re starting to see deals come to fruition,” he said.

People realize the market isn’t getting any worse and vacancy rates are starting to dip back down because there’s been no new construction, he said.

 

 

Comments

Commenting not available.
Commenting is not available.

 
 

Powered By
Morris Technology
Please wait ...