Claremont, CA – June 16, 2022 – Senior Vice President Cheryl Pestor with NAI Capital Commercial’s Pasadena office negotiated a 7,289 square foot 5-year lease at Claremont Village Square, 1 N. Indian Hills, Claremont, California. Cheryl represented the landlord, Claremont Village Expansion Borrower, LLC, and the tenant, The Puente Project, represented themselves. Total consideration was valued at $1M.
Claremont Village Square is an upscale mixed use outdoor lifestyle project covering three city blocks with office space, unique shops, boutiques, restaurants, cafes, Laemmle Theaters, and Hotel Casa 425 + Lounge. National & regional tenants include Chico’s, Coffee Bean & Tea Leaf, Le Pain Quotidien, Jamba Juice, Vom Fass, Yogurtland, O My Sole, and Blaze Pizza. Local tenants add vibrancy to the project such as The Back Abbey, MPower Yoga, The Quarter Restaurant, Honeybird Restaurant, Café X20, West Village Optometry, I Like Pie, Poke Dot, Grove Vintage, Grove Home, Clips on 66, Kazama Sushi, Casa Maguey Mexican Restaurant, Chocolate Bash, A Shop called Quest, and Wings & Bowls.
Claremont Village Square is in a prime location, next to 7 independent colleges serving approximately 7,700 students and 3,600 faculty & staff: Pomona College, Claremont Graduate University, Scripps College, Claremont McKenna College, Harvey Mudd College, Pitzer College and Keck Graduate Institute for Applied Life Sciences.
The Puente Project is a national-award winning program that for over 40 years has improved the college-going rate of tens of thousands of California’s educationally underserved students. As a partnership between the University of California and the California Community College Chancellor’s Office, its mission is to increase the number of educationally underserved students who enroll in four-year colleges and universities, earn college degrees and return to the community as mentors and leaders to future generations. Started in 1981 at one California community college, the program has since expanded to 36 high schools, 6 middle schools and 75 community colleges statewide. Puente trains school and college instructors to implement a program comprised of rigorous instruction, focused academic counseling, and mentoring by members of the community. Puente’s staff training programs benefit approximately 13,800 students directly and approximately 63,000 indirectly. Puente is open to all students.
Cheryl said, “This is a beautiful full floor suite expansion for The Puente Project who provide services to educationally underserved students throughout California. Cheryl added, “This location offers The Puente Project the space to provide professional development training to secondary and college faculty in a high image, amenity rich, office/retail/hotel project with the hope to expand services in the Los Angeles and Inland Empire communities.”
The Puente Project’s Statewide CC Mentor Training Coordinator, Cathy Blanco Martinez said, “The Puente Project is very excited as we move forward with this new venture to expand our services in this beautiful new space. Cathy added, “We are so appreciative to NAI Capital Commercial and the Tolkin Group for helping us make this happen!”
About NAI Capital Commercial
NAI Capital Commercial is the largest agent and employee-owned full service commercial real estate firm headquartered in Southern California. As one of the largest members of NAI Global, a leading global commercial real estate services firm with more than 300 brokerage offices and over 5,100 professionals spanning the globe, NAI Capital Commercial provides a complete range of transaction, valuation, investment, and consulting services. By leveraging our local expertise with our global reach, NAI Capital Commercial offers innovative, customized solutions and seamless service to owners, tenants, investors, and developers throughout Southern California. Our clients have built their businesses on the power of our expanding network. We are a dynamic growing commercial real estate company. At NAI Capital Commercial we work together putting our clients first.