Research & News

The adult beverage superstore Total Wine & More is adding a new location in San Dimas, located at 826 W. Arrow Hwy.

The new 30,000 square-foot store that has everything related to beer, wine, and spirits, will be replacing Stein Mart at some point in 2022. The store will join several other tenants already in the shopping mall, such as Ross, Petco, Target, and Trader Joe’s. The new Total Wine & More will offer much more alcohol selection for customers in the area, along with more resources and events for alcohol enthusiasts and wine connoisseurs.

The family-owned company was founded by brothers David and Robert Trone in 1991. By 2008, Total Wine & More was named Retailer of the Year by Market Watch, Wine Enthusiasts Magazine, and Beverage Dynamics. The alcohol retailer chain has over 210 stores across the country. This will become the seventh location in Los Angeles County, the next closest being in Pasadena and Rancho Cucamonga. Total Wine & More has several exciting ways of getting new customers’ attention, such as their cocktail and whiskey of the month, their rewards program, and in-store tasting. Before the pandemic, the company would have local classes and events hosted by store team experts, winemakers, brew-masters, master distillers, and industry professionals. Now, some of these activities have transformed into virtual events.

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LAS VEGAS—The brick-and-mortar retail industry continues to evolve. So says Richard Rizika, partner and co-founder of Beta. In preparation for the upcoming ICSC Las Vegas conference, GlobeSt.com spoke with Rizika among other retail experts about that evolution as well as other key trends in the retail space and what they look forward to at the upcoming live conference in May.“The evolution is driven by accelerating change in consumer demand,” Rizika tells GlobeSt.com. “The physical store is growing in importance for e- and re-tailers omni-channel success formula.  The consumer is king and wants what it want, when they want t and at the best price.”

CREXi CEO and founder Mike DeGiorgio also is looking forward to watching the continued marriage between e-commerce and brick-and-mortar evolve. “Many retailers and centers are thriving while direct to consumer has hit some bumps in the road along the way,” he explains. “It’s become evident that the strategy probably isn’t ‘either / or’ but ‘both’ and I’m curious to see what that relationship looks like over the next decade.”DeGiorgio is looking forward to the upcoming event to simply “spend time with the people of our industry.” He adds that “While we closely track data, that data sometimes lacks expression or part of the story and I think it’s important we connect in discussion—over a coffee or drink—to share market intelligence, emerging themes, and new ideas.”

Rizika is also looking forward to connecting with friends at the upcoming event, bringing new projects to market, and above all, getting the chance to continue to learn.There are also companies like the Sembler Co., for example, who plan to use their booth to highlight the firm’s latest developments and leasing opportunities.“We’re very pleased to finally be back to in-person ICSC events, and are excited to tell our story,” says Sembler CEO Greg Sembler. “Since the last Las Vegas convention, we’ve started the construction of four new shopping centers, acquired four additional daily needs centers, commenced two new redevelopment projects, and built a healthy pipeline of developments and acquisitions.  Our niche of retail is thriving.”

Sembler is seeing strong demand for its shop space and its new grocery-anchored centers. The company is also seeing excellent activity in its outparcels from quick-service restaurants, automotive, medical and service uses. According to Sembler VP of leasing Eve Sembler, “There’s also been renewed interest from big box retailers… demand is strong!”

CoStar Group, Inc., the leading provider of commercial real estate information, analytics and online marketplaces, announced the CoStar Power Broker Quarterly Deals winners for the first quarter of 2022. Jennifer Meade and Adam Friedlander of Beta came out on top in the list. The CoStar Power Brokers Quarterly Deals winners are determined by the top deals executed every quarter, based on price and square footage. Please help us congratulate Jennifer and Adam on their CoStar Power Broker Quarterly Deals win for the first quarter of 2022.

Jennifer Meade:

• Top Retail Leasing Deal
• SF Leased: 28,000
• Tenant Name: Pacific Sales
• Submarket: Cerritos, CA

Adam Friedlander:

• Top Sales Deal
• Property Type: General Retail
• Sale Price: $11,300,000
• Submarket: Fresno, CA

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For more information, please contact Jennifer Meade, CRRP,CRX,CLS and Adam Friedlander.