JLL secures lease with Grupo Innovasport in Third Street Promenade area of Santa Monica, CA

  

 

Kate Wilson

LOS ANGELES, CA, Sept. 18, 2024 – Confirming increased demand for commercial space in Santa Monica’s Third Street Promenade area, JLL has signed Groupo Innovasport to a new lease for 7,500 square-feet of space at 1437 3rd Street Promenade in Santa Monica, California’s Third Street Promenade area.  Grupo Innovasport will open its U.S. flagship store for Culto which features specialty footwear.

Devin Klein 

Culto is the latest addition at Third Street Promenade joining Google Store which recently inked a new deal. Latest openings in the popular destination include Pickle Pop, Barnes & Noble, Wilson Sporting Goods, and JD Sports Fashion.

 

JLL’s Devin Klein represented the landlord Equitrust in the lease. Groupo Innovasport was represented by Kate Wilson of Open Realty.

Third Street Promenade, Santa Monica, CA

“Third Street Promenade continues to see a renewed interest from retailers, restaurants and experiential concepts,” said Devin Klein, JLL Vice President.  “Groupo Innovasport felt Santa Monica was the epicenter of sports, soccer and sneaker culture and the best fit for its Culto flagship store.”

 

According to JLL’s City Retail 2024 Report, consumer spending growth and the return of international and domestic tourism have driven prime urban retail demand, with foot traffic recovering to pre-pandemic levels in half of the prime corridors surveyed.

 

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David Ebeling

Ebeling Communications

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