Venice, CA — Axiom Retail Advisors, an Irvine, CA-based retail brokerage and consulting firm specializing in Southern California landlord and tenant representation, as well as X Team Retail Advisor platform member, has announced the 15,000-square-foot retail lease for DSW, Inc. in the 75,00-square-foot Lincoln & Rose Shopping Center located at 201 Lincoln Blvd in Venice, CA.
Stephanie Skrbin and Lea Clay Park of Axiom, along with Managing Director Bryan Norcott at Newmark, represented the landlord, Combined Properties. Nadia Gilmore, Senior Vice President of Leasing at Combined Properties, negotiated the lease transaction on behalf of the landlord. Details of the lease agreement were not disclosed.
The tenant will be occupying what was a 99 Cents Only space in the Whole Foods-anchored shopping center. Tom Gyulay of Sage Retail Group represented DSW.
Park said, “DSW was looking for a long-term home in the Venice area where they can re-invest and continue to support their loyal customer base. The new location, adjacent to an incredibly successful Whole Foods, was a great fit.
The Axiom team was able to leverage their manpower and intimate knowledge of the surrounding area to create a competitive process through which all viable prospects were vetted and brought to the table as quickly as possible.
Skrbin added, “Strategizing closely with Combined, we were able to maximize rent, minimize downtime and attract a top quality, internet resistant co-tenant to the center resulting in the long-term stabilization of the asset. We are thrilled to see DSW continue its commitment to the Venice area and look forward to watching them thrive.”
Designer Brands is one of North America’s largest designers, producers and retailers of footwear and accessories. Their business segments include world-class design and sourcing operations, a robust wholesaling business, and more than 1,000 points of distribution.
This transaction is one in a string of wins for the Skrbin/Park team on the west side of Los Angeles where they are expanding their presence.
About Axiom Retail Advisors
Axiom Retail Advisors is a Commercial Real Estate firm specializing in Retail Landlord Representation, Retail Tenant Representation and Consulting services for Retailers, Landlords, Developers and Municipalities in the Southern California sub-markets of Orange County, Los Angeles County, San Diego County, Ventura County and the Inland Empire. In addition, we provide Tenant Representation services in Northern California, Central California and other West Coast Markets. We have more than 100 years of combined Shopping Center and Commercial Real Estate experience in Shopping Center Leasing, Tenant Representation, Site Selection, Acquisitions/Dispositions, Asset Management and implementing strategic plans for national, regional and local Landlords, Retailers, Restaurants and Medical Tenants.
About X Team Retail Advisors
X Team Retail Advisors comprises more than 350 retail real estate affiliate specialists located in 44 markets across the U.S. and Canada that are tied together into one dynamic and cohesive organization. X Team affiliates have completed hundreds of retail assignments for many of the world’s largest premier retail brands. Its National Retailer Services, introduced in 2022, expands the network’s capabilities, providing clients with market intelligence, construction and development services, capital markets advisory, and more. The leading national retail real estate brokerage brings together local experts to handle assignments for the country’s premier retailers. GlobeSt.com recognized the organization as a retail influencer for 2022.
About Combined Properties
Combined Properties, Incorporated is a preeminent private real estate company specializing in retail, multifamily and mixed-use with a $2 billion portfolio of existing and under-construction assets comprised of 40 properties in Washington DC and Southern California metropolitan areas, totaling 6 million square feet and an additional $1 billion development pipeline. Since its founding by Chairman Ronald S. Haft, Combined Properties has always strived to develop the true potential of a commercial property and passionately embraces developing real estate to meet the needs of a rapidly changing landscape by combining creativity, lifestyle, community, and technology. Combined applies its creative and entrepreneurial expertise in development, finance, leasing and asset management to create innovative retail, residential, hospitality, and mixed-use communities that instill pride and joy in the people that live, shop, and stay there.
