Newmark Cornish & Carey today announced a retail team in its Walnut Creek office has been selected to market a coveted retail space in the heart of downtown Walnut Creek. Owned by the City of Walnut Creek, the high-profile space totals approximately 4,310 square feet and is located at 1360 Locust Street. The space was formerly occupied by Bradley Ogden’s Lark Creek restaurant, which it called home for 22 years, prior to unexpectedly closing its doors in July 2017.
“Our team is honored to be selected by the City to lease this prominent space,” said Basso. “We anticipate the majority of interest will come from restauranteurs looking to be a part of other successful dining establishments that make this area a premier “foodie” destination. Additionally, we are committed to identifying the right new tenant that will further cement the area as a ‘destination to dine’ and also satisfy the expectations of local customers, nearby residents and surrounding business community.”
Basso added, “Downtown Walnut Creek has been experiencing an exciting transformation in recent years and is becoming a vibrant, 24/7 urban destination.”
With over 1,900 housing units in planning or under construction, BART less than a 10-minute walk from downtown offering commuting convenience, and home to a diverse base of business and employment opportunities (finance, insurance, real estate, engineering and law), Walnut Creek is an urban-suburban hybrid that allows one to be “close to the action” but feel safe in a clean, welcoming environment.
Located along Walnut Creek’s ‘restaurant row,’ 1360 Locust Street is nearly equidistant, and less than a five-minute walk from both Century Theatres and the Lesher Center for the Arts, making it a prime dining destination within this mini arts district. It is also situated below the City of Walnut Creek’s four-story parking complex offering immediate access to 250 parking stalls for customer convenience.
“The City of Walnut Creek is looking forward to selecting a transformational tenant for 1360 Locust Street, one that will add to the vibrancy of downtown,” said Fran Robustelli, City of Walnut Creek Assistant City Manager. “This is an exciting and unique opportunity for any restauranteur or retailer.”
Interested restaurateurs and retailers should contact Newmark Knight Frank as soon as possible. The marketing process is designed with a short timeline in order to re-tenant the venerable location with a vibrant new eatery or business in time for the holiday season.
About Newmark Cornish & Carey
A dominant regional real estate force since 1935, Newmark Cornish & Carey has an expansive reach as part of Newmark Knight Frank, one of the world’s leading commercial real estate advisory firms. Regionally, Newmark Cornish & Carey has more than 280 agents in 13 strategically located offices throughout Northern California, creating a powerful platform from which to deliver superior services locally, while upholding its core values of integrity and knowledge.
About Newmark Knight Frank
Newmark Knight Frank (“NKF”), operated by Newmark Group, Inc. (“Newmark”), is one of the world’s leading commercial real estate advisory firms. Newmark has over 4,600 employees in over 120 offices. Together with London-based partner Knight Frank and independently-owned offices, NKF’s 15,000 professionals operate from more than 400 offices in established and emerging property markets on six continents. With roots dating back to 1929, NKF’s strong foundation makes it one of the most trusted names in commercial real estate. We offer a complete suite of services and products for both owners and occupiers across the entire commercial real estate industry.
Our investor/owner services and products include investment sales, agency leasing, property management, valuation and advisory, diligence, underwriting and, under trademarks and names like Berkeley Point and NKF Capital Markets, government sponsored enterprise lending, loan servicing, debt and structured finance and loan sales. Our occupier services and products include tenant representation, real estate management technology systems, workplace and occupancy strategy, global corporate services consulting, project management, lease administration and facilities management. We enhance these services and products through innovative real estate technology solutions and data analytics designed to enable our clients to increase their efficiency and profits by optimizing their real estate portfolio. We have relationships with many of the world’s largest commercial property owners, real estate developers and investors, as well as Fortune 500 and Forbes Global 2000 companies. For further information, visit www.ngkf.com.
Newmark, which is listed on the NASDAQ Global Select Market under the symbol “NMRK”, is a publicly traded subsidiary of BGC Partners, Inc. (“BGC”), a leading global brokerage company servicing the financial and real estate markets. BGC’s common stock trades on the NASDAQ Global Select Market under the ticker symbol “BGCP”. BGC also has an outstanding bond issuance of Senior Notes due June 15, 2042, which trade on the New York Stock Exchange under the symbol “BGCA”.
Discussion of Forward-Looking Statements about Newmark
Statements in this document regarding Newmark that are not historical facts are “forward-looking statements” that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. Except as required by law, Newmark undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see Newmark’s and BGC’s Securities and Exchange Commission filings, including, but not limited to, any updates to such risk factors contained in subsequent Forms 10-K, 10-Q, or Forms 8-K.