Pick up the June edition of Modern Luxury and Advance to the back page to see our one and only Nate “Advance Man” Benedetto in the Look Who’s Talking column . Although Nate cannot take their title seriously he is honored to be featured and deemed the “restaurant industry’s ultimate location scout.”
The Patio Group announces making a first foray into North County by acquiring the Open House restaurant location in Downtown Encinitas. Being longtime fans of The Patio Group and their family of restaurants we am incredibly excited to see Gina Champion Cain and her team implement their flagship brand here in downtown Encinitas. Huge congrats to the American National Investments team and absolutely stoked to have you up here in North County. Next Wave Commercial represented both the buyer and seller in this transaction.
NOW OPEN /// Check out Frost Me Cafe & Bakery, the first eatery to launch at HG Fenton’s Piazza Della Famiglia project located in the heart of Little Italy. Cam Lacey represented the tenant in this transaction.
Say hello to Consortium Holdings latest creation at Westfield UTC. Raised by Wolves brings elements of an 1800’s French Nouveau-esque bottle shop offering vintage spirits, bar accessories, and an epic reservation only cocktail bar hidden behind a secret 360-degree revolving fireplace mantle. The Basile Studio team did an incredible job of bringing this space and concept to life. Huge thank you to Adam Corti for all of the help in putting this deal together, and of course Arsalun and the entire Consortium Holdings team for this morning’s hangover. Doors officially open to the public next week on April 16th, make your reservations now and have a seat by the fire.
We’re pleased to announce the sale of the The Red Door restaurant in Mission Hills. The new owner is a Milan, Italy-born chef, Luciano Cibelli who has lived in San Diego since 2002 and intends on continuing to practice the Red Door’s philosophy of sustainable farming and sourcing. Next Wave Commercial represented both the buyer and seller in this transaction. Check out the full article on Eater San Diego – HERE
Next Wave Commercial has been enlisted by the University California San Diego to elevate the campus retail offerings by attracting innovative restaurant and retail operators to some of the new developments happening both on and off the main campus. Check out the full article here in the San Diego Union Tribune – UC San Diego ups its dining offerings by going local
Check out this past week’s article in the SDBJ featuring Nate Benedetto and how he has helped his restaurant clients secure some of the highest profile spaces in neighborhoods like Little Italy. Full article here – Local Broker Brings Knowledge and Creativity to the Table
Located just a few skateboard pumps off the sand, this prime Pacific Beach multi-tenant retail building has been sold for the first time in over 40 years. Next Wave Commercial represented the buyer in this transaction, the Seller was represented by Berkshire Hathaway.
We are pleased to announce the closing of 315 10th Avenue, two built-out commercial condo units in East Village that formerly housed the Dragon’s Den restaurants. Next Wave Commercial represented the seller in this transaction, the buyer was represented by Michael Burton of Flocke & Avoyer.
Mission Hills local watering hole changes hands after nearly three decades of the same owner. Big congrats to the owners of Concept Two Seven Eight on adding this nice gem to their growing portfolio of food & beverage establishments. Check out the full article available online via EATER San Diego. Next Wave Commercial represented both the tenant and landlord in this transaction.
Bird’s the word, check out the Crack Shack’s newest Costa Mesa coop that officially opens to the public today. Full article available HERE via the OC Register.
RAISED BY WOLVES | Consortium Holdings announces its newest project at Westfield UTC’s $700M phase II expansion. Check out the full article on EATER San Diego for full coverage of this dynamic retail bottle shop and reservation only cocktail bar. Paul Ahern represented Consortium Holdings on this lease transaction.
455 10th Avenue – Fresh Italian pasta coming in hot to East Village. Next Wave Commercial represented Monzu Pasta on this new lease that also involved an asset purchase.
We are pleased to announce the closing of 3707 5th Avenue, formerly occupied by Busalacchi’s Modo Mio restaurant. Swami’s Cafe acquired this 3,414 SF corner restaurant property in Hillcrest. Scheduled to debut in early 2018, this will be the company’s 11th restaurant location in San Diego County. Next Wave Commercial represented the buyer in this transaction.
We are incredibly proud of our forward thinking friends over at MIHO Catering for leasing 11,000 SF of food production facilities to support their growing family of brands. If you’re thinking about throwing a private party or event, make sure to contact MIHO to learn more about their new school approach to hand made cuisine and farm-to-table catering. Next Wave Commercial represented the tenant in this transaction.
Opening this Thursday with over 2,000 reservations already on deck, Consortium Holdings debuts its newest steakhouse in the former Nelson Photo Shop building after over 2 years of high anticipation. Check out the full article HERE on EATER San Diego. Nate Benedetto represented Consortium Holdings on this off-market transaction.
We are pleased to announce that San Diego’s favorite casual chicken and egg concept will be finding it’s next home at Westfield’s Century City. Check out the full article via Eater LA by clicking HERE. Next Wave Commercial proudly represented the Crack Shack in this transaction.
Much respect to our friends over at LWP Group who today sold their taco outpost Tacos Perla in order to focus more of their time, energy, and efforts on their core business of real estate development. Make way for the North Parker’s newest addition, the Taco Stand, who will soon be opening their 4th location here in San Diego with a 5th opening in Miami later this summer. Next Wave Commercial represented both the buyer and seller in this transaction.
Huge congrats to longtime Hillcrest food & beverage veteran Michael Saltsman and partner Scott Borden on closing escrow today and taking over Uptown Tavern. Next Wave Commercial represented both the buyer and seller in this off-market transaction.
Choice Juicery is growing! Congrats to Nastasha McKeon and her team on signing the lease for a new kitchen production facility to help support the existing stores and position the brand for opening more in the next year. Your contagious passion for educating and encouraging others to make positive healthy life choices is beyond inspiring and we are so incredibly stoked to be working alongside you and your amazing company.
The word is out! We’re pleased to announce that Napizza will soon be opening their 5th location and joining the exciting roster at Westfield’s highly anticipated $600M expansion of their UTC mall. Big congrats to the founders Chris and Giulia, it’s been an absolute pleasure working alongside with you and wishing you all the best as you continue to grow your pizza empire throughout Southern California.
We are pleased to announce the sale of Gustatory restaurant in Coronado. Five years after taking over one of Coronado’s oldest institutions, Chez Loma, Chef Alejandro Martinez is expanding his culinary presence and will be introducing a new traditional Mexican themed concept called Fonda Don Diego. Nothing makes us happier than helping longtime clients turn their vision into value. Next Wave Commercial represented the tenant in this transaction.
SOLD /// We are pleased to announce the sale of Rare Form and Fairweather in East Village. Big congrats to the new owners and Consortium Holdings who will be channeling resources into their newest stunner Born & Raised that is slated to open later this Summer. Next Wave Commercial represented both the buyer and seller in this off-market transaction.
While most dive bars are known for cheap drinks and food that might kill you, an occasional few hold decades of history within their walls, and in this particular instance also an epic neon sign and liquor license that dates back to the 1940’s. We are proud to announce that today we closed escrow on the sale of this classic La Mesa dive and passed along the torch to the new owners who look forward to carrying on the legacy. Next Wave Commercial represented both the buyer and seller in this transaction.
Consortium Holdings has targeted a May launch date for Born & Raised, which many consider one of the most anticipated openings of 2017. Born & Raised will be taking shape as a classic American Steakhouse with a sizable $6.5 Million budget. The landmark Little Italy site incorporates 225 seats within a 10,000 SF footprint, that also includes a newly accessible rooftop deck. Nate Benedetto represented both the landlord and tenant in this off-market transaction, read more here on Eater for the full story – Luxe Two-Level Steakhouse Sets Spring Due Date in Little Italy
We are incredibly psyched to announce the newest addition to our team. Cameron Lacey joins Next Wave Commercial as Senior Associate specializing in landlord sales/leasing advisory in the La Jolla Coastal community as well as tenant rep/site selection throughout San Diego County.
The highly anticipated opening of the Crack Shack’s second edition in Encinitas will be officially be debuting to the public next week. “Eaters can soon flock to the newest hatchling from the team behind Juniper & Ivy, including owner Mike Rosen, chef/partner Richard Blais and executive chef Jon Sloan. Nestled into a busy Encinitas corner, the 6,000-square-foot restaurant isn’t quite as open-air as its Little Italy predecessor, but the indoor/outdoor space is appealingly breezy and the retractable roof ensures comfortable year-round dining.” – Candice Woo, Eater San Diego
Check out Eater San Diego’s full coverage here – Crack Shack Encinitas
SOLD /// 3201 Adams Avenue – Today we are thrilled to announce the closing of this 3,500 SF single tenant restaurant property in the bustling Normal Heights neighborhood. Next Wave Commercial represented the buyer in this transaction and negotiated a new lease on behalf of the new owner while in escrow. The Seller was represented by Avaron Realty.
Life is too short to wonder where you hid your waffle maker. Get ready downtown San Diego for the incoming of StreetCar Merchants who is bringing their signature fried chicken, doughnuts, and coffee concept to the Gaslamp! Since opening their original North Park outpost in 2014 and recent opening in La Jolla, the Gaslamp will mark the 3rd restaurant location for the group in San Diego County. Next Wave Commercial Represented the tenant in this transaction and the landlord represented them-self.
As we wind down through these last moments of 2016 and reflect upon the close of our first year in business, we wanted to take the time to sincerely thank all of our clients, colleagues, friends and family for your support as we kicked off and launched our brand. We are completely overwhelmed and humbled by how incredible things have started off, and look forward to growing our team with big things to come next year. We wish you all a safe, happy New Year and look forward to seeing you in 2017. All the best, Nate & Paul
Be on the lookout for Nozaru bringing edgy authentic Japanese noodle slurping to Adams Avenue in early 2017… And no, not the kind of ramen you lived off of in college. Nozaru is a new concept being developed by local restaurateur Hiro Tokairin who currently operates two Japanese Sushi restaurants. Next Wave Commercial represented both the buyer and seller in this off-market transaction.
Flags are up! All day chicken & eggs will be coming soon to Encinitas. We could not be more excited to see how The Crack Shack’s 2nd location is now starting to take shape and expected to debut in February 2017. “At 6,000-square-feet with plenty of area parking, it’s larger than the original but will function similarly, with counter-style ordering, a see-through kitchen, and to-go window that features its soft-serve ice cream machine and an espresso bar fueled by Lofty Coffee Co.” – Candice Woo, Eater San Diego. View the full story and renderings HERE in Eater San Diego’s full write-up of the coverage.
JUST SIGNED – We are thrilled to announce the expansion of San Diego based Napizza who has leased 1,200 SF of retail space on Coast Highway in downtown Encinitas. From inception Napizza’s authentic Roman style pizza and organic salads have become widely popular amongst San Diegans after opening the 1st location in Little Italy in 2012. Encinitas marks the 4th location amongst the company and is expected to debut in early 2017. Paul Ahern represented Napizza in this transaction, and a big thank you to Andrew Peterson of Cushman & Wakfield who represents the property owner and helped facilitate this deal. For more information on Napizza please visit their website – www.na-pizza.com
Next Wave Commercial is pleased to announce the sale of 3020 University Avenue in North Park. The buyer in this off-market sale was represented by Nate Benedetto, while the Seller of the property was represented by Rich Lee of CFI San Diego. Nate Benedetto has been retained by the new owner to handle the leasing of the subject property and will be seeking high caliber restaurants, breweries, and retailers to occupy the remaining available space. For more information on the listing please contact Nate or to view the marketing brochure – CLICK HERE
We are thrilled to announce the expansion of San Diego based Rockin’ Baja Lobster who has leased 8,500 SF of retail space at Mira Mesa Shopping Center West. While expected to debut in early 2017, Mira Mesa marks the opening of their 5th restaurant in the company between San Diego and Orange County. Originally founded in 1985, Rockin’ Baja Lobster is known for bringing traditional Puerto Nuevo style lobster dinners to this side of the border. Paul Ahern represented the tenant in this transaction, and John Jennings of Newmark Grubb Knight Frank represented the landlord.
Big congrats to the Choice Juicery team on inking a lease today to open their 3rd location at Del Sur Town Center! Words cannot describe how grateful we are to be working with such talented and intelligent individuals with a contagious passion for encouraging others to make positive healthy choices in life. Paul Ahern represented Choice Juicery in this transaction. www.choicejuicery.com
Nate Benedetto helped the Crack Shack expand to Encinitas and Costa Mesa.
To read the full article on The San Diego Union Tribune, click here.
Two guys, one passion and a new business venture. After working together on a few transactions over the past few years we realized that we both had similar drive, extensive market knowledge and an authentic approach to the industry.
We are excited to team up, merge our networks and build an innovative company together. Our mission is to work with excellent clients and to serve them better than they ever even thought possible. We want to be the brokers you turn to when your project needs a fresh, more current tenant mix…or if you are a tenant or buyer who wants to uncover the diamond in the rough opportunity.
We couldn’t’ be more excited to finally get to say “Next Wave Commercial is open for business.”