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.