Broadway Plaza in Walnut Creek Gives Tenants the Boot

The redevelopment plans have been in the works for a years but the landlord, Macerich, has given some tenants the final warning and move-out date of January 31, 2014.

Business owners located between Macy’s and Nordstrom in what is called the “back forty” are the main targets of the massive move-out. Many more tenants within the center will be affected by the redevelopment than just the “back forty”. Tenants such as Victoria’s Secret will be downsized during the renovation but will be moved into a larger store than they currently occupy upon completion.

Broadway Plaza

Another moving tenant is Davidson & Licht, you might have noticed they are setting up a new storefront on N. Main Street and Mt. Diablo, very near the Neiman Marcus and Tiffany & Company. No doubt, many, if not all of the businesses within the plaza have known about the upcoming renovation and their need for relocation for some time.

The SF Business Times has an extensive article about the project that you can read HERE

 

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About thestorefront

Commercial Real Estate Broker in the San Francisco Bay Area specializing in retail sales and leasing.

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