Bascom Group Unveils Vacant Ground Floor Retail Space in Downtown Long Beach

A 4,100 square feet ground floor with patios second generation restaurant space is now available for lease in downtown Long Beach. The space is perfect for a full-service restaurant concept, offering ample opportunities for growth in the local market. Situated at 200 Pine Avenue in the bustling downtown area, there is a connected lower-level space spanning 3,865 square feet. A new location has recently opened, featuring dedicated on-site parking for retail and restaurant visitors. Situated at the base of a six-story office building, spanning over 65,909 square feet, this space has been renovated in 2022.

Located in Downtown Long Beach, 200 Pine is a six-story office tower that comes with an attached 123-stall parking structure. The building has undergone recent renovations to offer top-notch common areas and tenant improvements. Located at 200 Pine, the building boasts a variety of retail tenants on its ground floor. Notable establishments include Agaves Kitchen & Tequila and Agaves Ultra Lounge.

At 200 Pine, there is a parking structure with 123 stalls. An office building in Long Beach has been constructed using steel and concrete, and has maintained a historical tenant retention rate of over 90% since the early 1990s. The building features recently upgraded Class “A” common areas and tenant improvements. Notable retail tenants include Agaves Kitchen & Tequila and Agaves Ultra Lounge.

According to Senior Principal Paul Diamond, 200 Pine is considered a visual landmark of Downtown Long Beach. A smaller floorplate allows for an abundant window line, while the building also offers top-of-the-line monument signage. In the bustling Pine Avenue entertainment district, this building is surrounded by a variety of restaurants, the Altar Society Brewing Company, and shopping options. It enjoys a prime location within a two-block radius of City Hall, Billie Jean King Public Library, George Deukmejian County Court House, and the State Building.

Additionally, it is conveniently situated just two blocks away from the recently expanded Convention Center. Situated along the bustling Local Downtown Transit Route, this building benefits from the convenience of a runabout shuttle that arrives every 10 minutes. Additionally, the Metro A Line is conveniently located just one block away, providing easy access to public transportation.

Bascom Group Unveils Vacant Ground Floor Retail Space in Downtown Long Beach

According to David Kim, Managing Partner, 200 Pine is located in the bustling Pine Avenue entertainment district, surrounded by a variety of retailers and restaurants, including Altar Society Brewing Company. The building is located in close proximity to City Hall, Billie Jean King Public Library, George Deukmejian County Court House, the State Building, and the recently expanded Long Beach Convention & Entertainment Center. Tenants have access to a range of public transportation options, including a downtown transit route and the Metro A Line, conveniently located just one block from the building. Experience the convenience of the modern turnkey offices at 200 Pine and gain access to everything that Long Beach has to offer.

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Downtown Long Beach is experiencing a significant revitalization. The Downtown Plan, which was adopted in 2012, was created by Long Beach Development Services with the goal of establishing a vibrant urban core. In the area, a significant number of businesses have emerged since January 2014. Additionally, there is a notable construction boom with over 1,000 apartment units currently being built.

The recently completed Long Beach Civic Center, which cost $520 million, is at the center of the city’s revitalization plan. The area features an impressive 11-story City Hall, offices dedicated to the Port of Long Beach, and a prominent main public library. Developers are currently working on plans for Queen Mary Island, a massive $250 million entertainment and hotel complex situated on 65 acres of waterfront land adjacent to the iconic Queen Mary ocean liner.

A variety of exciting additions await visitors to this project, including brand new stores, restaurants, sports venues, and attractions. Among the highlights are rooftop surfing pavilions, a thrilling roller coaster, a thrilling zip line, and an exhilarating indoor ice climbing experience.

The area’s office tenants exhibit a wide range of diversity, with a notable clustering of trade, logistics, and medical firms in the downtown core. Long Beach is home to the largest tenant in the area. The neighborhood is known for its affordable office rents, which are the lowest in the metro area. Despite this, residents still have access to top-notch amenities in the greater Los Angeles area. Long Beach has seen a rise in the number of retail and restaurant options available to its residents.

(Source: yahoo)

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