Cushman & Wakefield Represents Landlord South Coast Plaza
IRVINE CA, September 10, 2019 – Cushman & Wakefield announced today that BE Fit Modern Pilates, an innovative Pilates concept with multiple locations throughout Southern California, has signed a lease for a new studio in Costa Mesa, CA.
BE Fit Modern Pilates will occupy 1,200 square feet (sf) on the ground floor at “3420,” a seven-story, 66,835-sf mixed-use building located at the corner of Bristol Street and Sunflower Avenue across the street from South Coast Plaza. The studio joins retail tenants Philz Coffee and the upcoming farm-to-table eatery Outpost Kitchen.
Brokerage professionals Jennifer Pelino, Brian Booth, Rick Kaplan, and Robert Lambert from Cushman & Wakefield’s Irvine office serve as the property’s exclusive leasing agents and represented the landlord South Coast Plaza in the transaction. The tenant was represented by Jamie Rogers from CBRE.
Located in the heart of Costa Mesa’s South Coast Plaza district at one of the highest profile intersections in Orange County, 3420 is within walking distance to the Segerstrom Center for the Arts.
Over the past year, the building has been transformed by the landlord into a modern, mixed-use workplace and lifestyle destination enhanced by retail offerings and outdoor amenities that both tenants and guests can enjoy. South Coast Plaza partnered with award-winning architecture firm Shubin Donaldson to reposition the asset with extensive interior and exterior renovations including a new outer shell, ample outdoor patio space, revitalized landscaping, and a fully refurbished lobby.
TechSpace, the nation’s premier shared office space and coworking provider, is a key tenant and occupies two full floors.
Jennifer Pelino, Director at Cushman & Wakefield, said: “We are very excited to welcome BE Fit Modern Pilates to 3420 in Costa Mesa. BE Fit joins Philz Coffee and soon to be opened Outpost Kitchen as the retail tenants occupying the newly renovated building. With a diverse office workforce in the area, the co-tenancy aligns as a fantastic business and lifestyle offering. 3420 office workers and locals in the community can grab a coffee, go to their Pilates class, and grab a heathy lunch or dinner afterwards at Outpost. It’s a win-win combination.”
Lynn Ahearn, Founder of BE Fit Modern Pilates, said: “We are proud to call 3420 our new home, determining a good aesthetic and retail fit. We encourage the local community to take advantage of our premier fitness studio located at their doorstep and look forward to sharing this admirable building space with office and retail innovators such as TechSpace, Philz Coffee and Outpost Kitchen.”
Construction on BE Fit’s space is currently underway with an estimated opening in Fall 2019.
About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 51,000 employees in 400 offices and 70 countries. In 2018, the firm had revenue of $8.2 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.