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Leasing Notes

Restaurant leases on Convoy

Leasing Notes are updated twice weekly and are now available in a fully searchable database format at www.sddt.com/databases/leasingnotes/.
Retail: D & D Time Inc. has leased a 2,214-square-foot retail site in the center of the Kearny Mesa market at 4344 Convoy St., San Diego 92111, from Harbough Convoy, LLC. The property, leased for 10 years at $882,889, will be used for a dessert restaurant.

The lessee was represented by Bo Gibbons of Pacific Coast Commercial. The lessor was represented by Joe Balla of Strategic Asset Group Inc.

The space is in the 43,294-square-foot Convoy Village shopping center, built in 1974.

Among the other tenants are Melody Karaoke & Café in late 2011 with 4,818 square feet for 66 months at $311,558; Massage Oasis in mid-2009 with 2,900 square feet for 60 months at $305,564;

Coway San Diego in summer 2010 with 2,604 square feet for three years at $137,598; and Hobby Shack in late 2009 with 5,277 square feet for 36 months at $189,720.

Retail: Ortho Mattress Inc. has leased 3,494 square feet of retail space in La Jolla Galleria at 905 Pearl St., La Jolla 92037, from Sam J. Russo Trust. The property, leased for five years at $624,728, will be used for a mattress store.

The lessee was represented by Trevor Fabeck of High Street Realty Services. The lessor was represented by Bill Thaxton and Stewart Keith of Flocke & Avoyer Commercial Real Estate.

In early 2012, Radio Shack (NYSE: RSH) leased 2,252 square feet of retail space at La Jolla Galleria, 915 Pearl St. for three years at $164,577. In summer 2008, Radio Shack leased the space for three years at $160,097.

Editor's Note: Leasing Notes for publication must contain the names of the lessee and the lessor; address (including street name and number, city and zip code); square footage; length of lease; lease terms such as NNN; financial consideration; proposed use of space (if not evident from name of lessee); and the names of brokers and their firms representing both the lessee and the lessor.

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