A Fresh Take on CRE

LA Weekly Comp Digest: San Bernardino Community College, Charming Charlie, and Farient Advisors Sign New Leases!

Every week, we compile a digest of some recent deals from the CompStak database. We hope you will find the information helpful.

   
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San Bernardino Community College Signs New Lease

One of 112 schools in the California community college system, SBCC recently took over 12,000 SF of class B research and development space in the Redlands Corporate Center at 1289 Bryn Mawr Avenue in Redlands.  The organization agreed to pay rent starting just a hair under $1.00 PSF for the 5-year lease, and accepted 4 months of free rent.



   
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Charming Charlie Signs New Lease in Corona

Charming Charlie, the company whose mission is to "help every woman, everywhere, find her fabulous" through the sale of jewelry and accessories, recently signed a new lease for 5,000 SF of retail space in The Crossings at Corona at 2470 Tuscany Street.  The company agreed to pay rent starting in the high-$1.00s with 2% bumps for the 10-year lease term.



   
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Major Consulting Firm Relocates to Airport Area

Independent executive compensation consultants, Farient Advisors, signed a new lease for just North of 2,600 SF of class A, full service office space at 4675 MacArthur Court. The landlord, The Irvine Company, agreed to rent starting around $2.20 PSF with escalations of 3% in exchange for a 5-year lease with an added 3 months of free rent.