Burton Snowboard Signs Lease for Downtown Santa Monica Store

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PMI Properties is proud to announce that Burton Snowboards has signed a lease for the ground floor of our property at 1460 4th Street. Tenzer Commercial Brokerage  represented the landlord.  Jones Lang LeSalle IP represented the tenant Burton in consummating the lease. The suite consists of 5,695 square feet of retail space.

Burton Snowboards is the largest manufacturer and retailer of Snowboards in the world.  Burton designs, manufactures, and markets a full line of snowboarding equipment, clothing, and related accessories. Although snowboarding did not become a well-recognized sport until the early 1990s, Burton began manufacturing snowboards and bindings in 1977, when the company’s founder started making his own boards in a borrowed woodworking shop in Stratton, Vermont. From these modest origins, Burton developed into a flourishing enterprise with offices in Europe and Japan that serve customers in 27 countries. Recognized as an industry pioneer, Burton controlled roughly 40 percent of the U.S. snowboarding market during the late 1990s, more than any other company in the world.

Burton has approximately 30 company owned retail stores, five of which are considered flagships stores.  In addition, Burton Snowboards are sold in over 4000 non-company owned stores world wide.
The 4th and Broadway store will be one of the five company flagship stores.  In addition to snowboards and snowboard accessories, Burton will sell surfboards.  Burton is relocating from a 10,000 square foot store on Melrose in West Hollywood.

The property, located on 4th and Broadway, is located in a prime area one block from  the famous retail hub, Santa Monica’s Third Street Promenade and across the street from the bustling Santa Monica Place mall as well as adjacent to yoga clothing retailer Lululemon. Its proximity to other retailers and abundance of foot traffic makes it a prime location for an apparel and board shop like Burton.

PMI Welcomes Several New Tenants

 

1460

1460 4th Street Santa Monica, CA

 

Bay Mutual Financial

Bay Mutual Financial, a world-class and full-serviced investment firm, has leased 914 square feet of space with PMI located in the heart of downtown Santa Monica at 1460 4th Street.

Co-founded by Martin W. “Bud” Pernoll in 2004 after a long and distinguished career at Morgan Stanley and Wachovia Securities, Bay Mutual Financial provides comprehensive consulting solutions for corporations, individuals, institutions, foundations and non-profit organizations.

Tenzer Commercial Brokerage Group, Inc., represented both the landlord and tenant consummating the five year and one month lease.

1460 4th street is a creative office building located on 4th and Broadway in Santa Monica, CA. It’s conveniently located right next to Santa Monica’s world famous 3RD Street Promenade.

4223

4223 Glencoe Ave., Marina Del Rey, CA

Wee Care Inc.

Wee Care Inc., an innovative childcare service management company has leased 1,623 square feet of creative office space with PMI located in prime Marina Del Rey, CA at 4223 Glencoe Avenue.

, Wee Care  empowers caregivers and educators to create sustainable home daycare businesses.Lee & Associates WLA (James Wilson) represented the landlord and Lee & Associates WLA (Dylan Mahood) represented the tenant consummating the two year lease.

tempCFO, Inc.

tempCFO, Inc., a savvy outsourcing company for accounting, financial and tax solutions that specializes in meeting the needs of small and medium-sized businesses, has leased 1,182 rentable square feet of space with PMI located in sought-after Marina Del Rey, CA at 4223 Glencoe Avenue.

Lee & Associates WLA (James Wilson) represented the landlord and Jeff Gerlach of CBRE represented the tenant in consummating the three year lease.

 

4223 Glencoe is a creative office building called Marina Studios near Glencoe and Maxmella in Marina Del Rey.  It is a perfect alternative for smaller creative tenants who desire proximity to both Playa Vista and Venice as well as adjacency to lofts and numerous restaurants and coffee houses.