Transwestern Represents Berkshire in Two Retail Transactions

Houston, Texas, UNITED STATES

WALNUT CREEK, CALIFORNIA, July 11, 2017 (GLOBE NEWSWIRE) -- Transwestern today announces it negotiated leases for Bank of the West and Drybar at Lyric, Walnut Creek’s premier mixed-use development at 1500 N. California. Transwestern Senior Vice President John Sechser and Senior Managing Director Edward Del Beccaro handle leasing for the 18,000-square-foot ground-floor retail portion of the project. Over 140 units of premier residential apartments are under construction above the retail.

“The Lyric development offers a trendy, high-end retail opportunity with the additional feature of a public plaza with a park-like setting that patrons can also enjoy,” said Sechser. “The project checks all the boxes: on-site parking, location, visibility, convenience, and destination. We’ve received a high amount of interest from a variety of retailers and have a number of leases in negotiation.” 

The 1,684-square-foot space will be the first East Bay location for Drybar, a hairstyling concept with over 70 locations in the U.S. and Canada. It is expected to open later this year. Bank of the West has relocated to a 2,784 square feet space at Lyric from another downtown location and is now open for business. 

Each retail space is being delivered in shell condition with unique standards. The site is located within a five-minute walk to Broadway Plaza, one of the most popular retail centers in the Bay Area. The development’s architecture accentuates a variety of vibrant, high-quality exterior finishes and public and residential amenities. Construction is expected to be fully completed by the end of summer this year. 

Transwestern is a privately held real estate firm of collaborative entrepreneurs who deliver a higher level of personalized service – the Transwestern Experience. Specializing in Agency Leasing, Tenant Advisory, Capital Markets, Asset Services and Research, our fully integrated global enterprise adds value for investors, owners and occupiers of all commercial property types. We leverage market insights and operational expertise from members of the Transwestern family of companies specializing in development, real estate investment management and research. Based in Houston, Transwestern has 35 U.S. offices and assists clients through more than 180 offices in 37 countries as part of a strategic alliance with BNP Paribas Real Estate. Experience Extraordinary at transwestern.com and @Transwestern. For updates from the West region, follow @TranswesternWST.


A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/bcaa26ff-8f83-41b8-80a4-cbfebd1caa1b


A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/e486217b-5bf3-4674-b32a-3b5fe43d0466

Bank of the West and Drybar have leased space at Lyric, Walnut Creek’s premier mixed-use development at 1500 N. California. Transwestern brokered the leases on behalf of the project owner.

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