California Centers

MAY 2018

California Centers Magazine serves retailers, developers, shopping center owners, investment sales brokers and tenant representation firms throughout the state of California.

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Page 22 of 58

18 California Centers Magazine | May 2018 C C space, Altitude Trampoline Park is ac- tively securing anchor space in power centers and backfilling grocery boxes in neighborhood centers and, along with the fitness category, actively re- defining what an anchor looks like." The high-energy retailer has opened 50 outposts so far, filling former department store aisles with performance trampolines, climbing walls, foam pits, trapeze areas and dodgeball courts. Altitude Trampo- line Park opened its 48th location, a 24,000-square-foot facility at Pavilion Shopping Center in the San Diego sub- market of Vista, in late February. Matt Hammond, principal and se- nior vice president of Coreland Com- panies in Tustin, be- lieves this focus on fun and fitness will continue, particu- larly when they're combined in a fam- ily friendly atmo- sphere. "Based on our deals, service, enter- tainment and fitness tenants have been a major driving force in filling va- cant space," he says. "Online retailing and the influence of social media have fueled the popular- ity of experiential options. SkyZone, John's Incredible Pizza and Circus Trix, to name a few, have become popu- lar additions." Food halls are also taking center stage, absorbing spaces once occupied by a solo tenant and divvying them up among local pur- veyors of craft cock- tails and cuisine. "Your shopping center anchor is definitely no lon- ger a prototypical box," Hammond continues. "Leasing creativity over the past few years has Matt Hammond Principal Coreland Companies Shauna Mattis SVP JLL Simon Perkowitz Principal KTGY Joseph Williams SVP Woodmont Company The 95,000-square-foot Artisan Alley at the Diamond in Lake Elsinore is pre-leasing to craft breweries, restaurants and tasting rooms, as well as non-traditional food offerings, sports oriented vendors and specialty shops. TODAY'S IDEAS. TOMORROW'S REALITY. Civil Engineering | Surveying | Construction Management | Entitlement Services | 949.610.8997 | Newport Beach, CA

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