Bascom Group Engages Lee & Associates for Marketing
The Bascom Group, LLC has enlisted the expertise of industry professionals Noel Aguirre and Sean Lieppman from Lee & Associates to market and lease a prominent ground floor space. This 4,100 square foot area, positioned at 200 Pine Avenue, represents a key retail and restaurant opportunity in a bustling urban environment.
Exceptional Location and Features
This space not only benefits from its prime downtown location but it also features an additional 3,865 square foot lower-level. Designed for versatility, the property excels as second generation restaurant space suitable for a full-service dining concept. It comes equipped with dedicated on-site parking tailored for retail and restaurant patrons, making it an attractive proposition for potential tenants.
Modern Infrastructure to Support Businesses
The site stands as a visual landmark within the downtown area, complimented by a six-story office tower that recently underwent renovations in 2022. 200 Pine is supported by a robust 123-stall parking structure, ensuring convenience for both employees and visitors. The building showcases a suite of modern amenities, including Class "A" common areas that have been upgraded to support a vibrant working environment.
Retail Dynamics at 200 Pine
This remarkable location already houses established retail tenants like Agaves Kitchen & Tequila and Agaves Ultra Lounge, contributing to the lively community atmosphere. Moreover, with a historical tenant retention rate exceeding 90% since the early 1990s, this area has proven its worth in the competitive commercial real estate market.
Expertise Offered by Lee & Associates
Paul Diamond, Senior Principal at Bascom, expressed enthusiasm about working with the experienced team from Lee & Associates. He emphasized their appreciation for the outstanding visibility and marketing potential that the restaurant and retail spaces offer at 200 Pine. This opportunity is perfect for businesses looking to thrive in an area known for its dynamic atmosphere.
Insights from Specialists in the Field
Noel Aguirre of Lee & Associates brings over two decades of experience specializing in creative office and lifestyle retail leasing in the Greater Long Beach and Orange County markets. His approach focuses on maximizing property potential through strategic enhancements and operational efficiencies. Sean Lieppman rounds out the team with his expertise in retail, office, and investment properties, providing thorough advisory services to both tenants and landlords alike.
Vibrancy of Downtown Long Beach
Situated in the lively Pine Avenue entertainment district, 200 Pine is surrounded by a myriad of restaurants, shops, and cultural attractions. Among notable nearby locations are City Hall, the Billie Jean King Public Library, and the Long Beach Convention & Entertainment Center. The area is well-connected through various public transportation options, enhancing accessibility for tenants and visitors.
Urban Revitalization and Future Outlook
Downtown Long Beach is experiencing a renaissance, fueled by the Long Beach Development Services initiative aimed at revitalizing the urban landscape. Since the establishment of the Downtown Plan in 2012, the area has seen an influx of new businesses and residential projects, contributing to an enriched urban core. As the area continues to evolve, prospects for further growth look promising, with hundreds of housing units under construction and many more proposed.
A Glimpse into the City's Improvements
The revitalization efforts prominently feature the Long Beach Civic Center, which represents a significant $520 million investment in the city's infrastructure, alongside exciting developments in hospitality, exemplified by the renovated Fairmont Breakers Long Beach. Additionally, the anticipated Hard Rock Hotel, slated to open in mid-2027, promises to inject a fresh wave of entertainment into the downtown scene.
Major Events on the Horizon
Long Beach is also gearing up for significant visibility during the Los Angeles 2028 Olympics, set to host several high-profile events. These opportunities not only elevate the city’s profile but also amplify its offerings to visitors, ensuring a rich experience of activities and attractions.
Frequently Asked Questions
What type of space is Bascom Group marketing?
Bascom Group is marketing a ground floor retail and restaurant space at 200 Pine Avenue, which includes a lower-level area.
Who are the key team members involved in the leasing process?
Noel Aguirre and Sean Lieppman from Lee & Associates are leading the marketing and leasing efforts for this property.
What amenities does the location offer?
The property features dedicated on-site parking, modern renovations, and existing successful retail tenants that enhance its appeal.
What are the future plans for Downtown Long Beach?
Plans include more residential developments, hospitality projects, and the expansion of local businesses, contributing to the area's vibrancy.
How is transportation managed in the area?
Downtown Long Beach benefits from multiple public transportation options, including a nearby transit route and the Metro A Line.
