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Newmark Grubb Knight Frank (NGKF) has completed a new lease with Dolce Pane e Vino, a casual upscale dining restaurant with farm-to-table wood-fired cuisine, a wine bar and hand-crafted cocktails. The restaurant’s new location will also offer a cheese and wine retail venue as well as curb-side service. The 10-year lease is valued at $3.2 million and totals 5,126 square feet at The Village at Pacific Highlands Ranch in the North County Carmel Valley area of San Diego, California. Dolce Pane e Vino is anticipated to open its doors at 5980 Village Way in November 2015.
Randee Stratton, managing director with NGKF in the firm’s La Jolla office, completed the lease on behalf of Dolce Pane e Vino. CBRE represented the seller, PHR Village, LLC.
Dolce Pane e Vino has one other San Diego location that opened in 2010 in Rancho Santa Fe and has established itself as a local favorite.
“The restaurant’s newest location is ideal, as it will be situated in a premier, mixed-use center with a complementary tenant mix that is surrounded by an affluent customer base adjacent to the 56 Corridor,” said Stratton. “Additionally, this market is becoming similar to Silicon Valley, as companies continue to expand along the 56 corridor from the nearby 5 and 15 interstates.”
“Dolce is growing. We are excited to celebrate the newest member of the Dolce Family, Dolce Pane e Vino at the Pacific Highlands Ranch. As in life, families get bigger and so are we,” said Steve Flowers, managing partner of Dolce Pane e Vino. “Dolce at the Highlands will reflect the love, spirit, warmth, service and quality in everything we do, but at a greater scale. Our core values, concept and quality staff that made Dolce the ‘go-to’ place in Rancho Santa Fe will be reflected in Dolce at the Highlands.”
The Village at Pacific Highlands Ranch is a mixed-use development that includes 160,000 square feet of unique full-service and casual dining, a specialty grocery, a pharmacy, boutiques and 330 residential units. Its first phase opened earlier this year and includes Trader Joe’s, Panera Bread, Starbucks Coffee, RiteAid, Pure Barre and Urban Girl, as well as a growing roster as the newly developed center fills its occupancy.
About Newmark Grubb Knight Frank
Newmark Grubb Knight Frank is one of the world’s leading commercial real estate advisory firms. Together with London-based partner Knight Frank and independently-owned offices, NGKF’s 12,800 professionals operate from more than 370 offices in established and emerging property markets on six continents.
With roots dating back to 1929, NGKF’s strong foundation makes it one of the most trusted names in commercial real estate. NGKF’s full-service platform comprises BGC’s real estate services segment, offering commercial real estate tenants, landlords, investors and developers a wide range of services including leasing; capital markets services, including investment sales, debt placement, appraisal, and valuation services; commercial mortgage brokerage services; as well as corporate advisory services, consulting, project and development management, and property and corporate facilities management services. For further information, visit www.ngkf.com.
NGKF is a part of BGC Partners, Inc., 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 (NASDAQ: 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 (NYSE: BGCA). BGC Partners is led by Chairman and Chief Executive Officer Howard W. Lutnick. For more information, please visit http://www.bgcpartners.com/.