Newmark Cornish & Carey Retail Managing Director Adria Giacomelli was ready to roll - on Tuesday, May 5th from 10 a.m. to 12:30 p.m. and again from 2 p.m. to 4:30 p.m. she toured two groups of 25 of the region’s top retail brokers through downtown Danville, California on Segways to showcase the town’s downtown retail district’s appeal. Attendees learned about Danville’s newest tenants, exciting redevelopments, successful businesses, town improvements and leasing opportunities while balanced on Segways.
“Retail brokers are fun-loving, smart, hard working and very busy people, especially in this booming economy,” said Ms. Giacomelli. “My unique tour was designed to lure even the busiest brokers to Danville, a town with new and undiscovered opportunities. To know Danville is to love Danville, and I am certain that the brokers ‘Love Danville More’ after this comprehensive tour and the increased awareness will ultimately bring new retailers to the area.”
Local business owners have offered their support of Ms. Giacomelli’s Segway tour. Every retailer approached was eager to spread the Danville love by donating items for a goodie bag, discussing consumer trends and best practices or feeding the group local delicacies.
Brokers traveled from as far as Los Angeles to survey the sixteen blocks of downtown Danville, a market of 1.1 million square feet, and tour available retail spaces ranging from 800 to 25,000 square feet.
Ms. Giacomelli’s availabilities include 200 Hartz Avenue — a prime site for redevelopment that will provide custom space for a retail tenant of up to 25,000 square feet. Anchored by Trader Joe’s, the Danville Square Shopping Center (adjacent to San Ramon Valley High School) has just one space available for rent in this high performing daily needs center. Specialty retail center Danville Livery & Mercantile currently has three small shops available for rent. Notably undergoing a $25 million renovation, the historic Danville Hotel has 10,000 square feet of retail shop space available for lease below second-floor, high-end condominiums. Three restaurant spaces totaling 8,000 square feet and an outdoor plaza complete the highly anticipated property, which will open in the fourth quarter of this year.
“Danville truly is a special place and I am thrilled to have had the support of the town, the owners I represent and the entire business community for my ‘Love Danville More’ tour,” said Ms. Giacomelli.
About Newmark Cornish & Carey
A dominant regional real estate force since 1935, Newmark Cornish & Carey has an expansive reach as part of Newmark Grubb 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. For further information, visit www.newmarkccarey.com.
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 12,000 professionals operate from more than 330 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 www.bgcpartners.com.