July 19, 2018 Comments Off on The Bloc’s Retail Component Reaches 90% Leased Threshold Views: 3724 California News, Los Angeles

The Bloc’s Retail Component Reaches 90% Leased Threshold

July 19, 2018

After a four-year $250-million enhancement and makeover, The Bloc mixed-use complex’s retail component is progressively emerging. Recent leasing activity at the 420,000-square-foot, open air-retail center in DTLA pushed occupancy to the 90% level.

National Real Estate Advisors, LLC, on behalf of its INDURE Build-to-Core Fund, signed leases totaling roughly 50,000 square feet combined with the following retailers:

– Nordstrom Local, a neighborhood hub where customers can access Nordstrom services in a convenient, central location
– UCLA Health, the regional healthcare provider
– Marugame Udon, an upscale cafeteria-style restaurant serving made-to-order Japanese Sanuki Udon noodles and fresh Tempura
– Joey Restaurants, a modern American dining experience with locally and globally inspired, handcrafted menu creations in a warm, modern setting

National’s Jeffrey Kanne says, “The Bloc is delivering on our commitment to create further momentum in strengthening downtown as a primary 24-hour commercial and residential center.”