Palm Desert: Wilson Commercial Real Estate Leases 12,000sf. Building to Dollar Tree
PALM DESERT, CALIF., MARCH 17, 2011 – Wilson Commercial Real Estate, one of Southern California’s leading retail brokerage firms, has completed a 12,000-square-foot lease with Dollar Tree Stores, Inc. at Monterey Shore Plaza located at 72630 Dinah Shore Road in Palm Desert, Calif.
In the past two years, Wilson Commercial has completed approximately 30 Dollar Tree leases in Southern California. Dollar Tree Inc., with over 4,000 stores, is the nation’s leading operator of discount variety stores selling everything for $1 or less.
Scott Burns of Wilson Commercial Real Estate and Lea Clay Park of Studley Retail Services represented the Dollar Tree in the transaction. The landlord, STB Properties, was represented by Abraham Kahen of Medallion Investment & Development Co.
Built in 1990, Monterey Shore Plaza is ideally located at the I-10 Freeway and Dinah Shore Drive, one of the area’s busiest intersections. The center is anchored by PetSmart, Ethan Allen and Arizona Tile.
About Wilson Commercial Real Estate
Founded in 1990, Wilson Commercial Real Estate has leased and sold over 5 million square feet of retail space with an aggregate consideration of nearly $750 million. The company currently represents 9 million square feet of retail space in 85 shopping centers throughout Southern California. In 2008, Wilson Commercial Real Estate expanded their services to include tenant representation and formed an Investment Sales Group that provides a complete range of investment sales services for our clients’ acquisition and disposition requirements. For more information, please visit www.wcre.net.