Commercial Real Estate Blog

Starbucks has released a list of the stores it will be closing. Of the 600 estimated stores to be closed, the ones in the Bay Area scheduled to be closed include:

• 2250 Monument Blvd, Concord, CA
• 29653 Mission Blvd, Hayward, CA
• 101 Fourth Street (Metreon), San Francisco, CA
• 901 Market Street, San Francisco, CA
• 1167 Lincoln Ave, San Jose, CA
• 2001 North Main St, Walnut Creek, CA

The full list of closures is available for download here.

The Broadway Plaza Shopping Center in Walnut Creek is working with city officials and existing tenants to bring a 100,000 square feet Nieman Marcus to the center. The stores is slated to be located at South Main Street and Mount Diablo Boulevard, and is scheduled to open around early 2011.

The shopping center is owned by Macerich and Northwestern Mutual Life, and has benefitted from the rapidly improving demographics in the east bay city over the past decade. Average rents in the center now exceed $750 psf.