CALABASAS, Calif., November 5, 2009 —X Team International, an international alliance of retail real estate advisors with expertise in more than 45 major markets throughout the U.S., Canada and Europe, announced today that Los Angeles-based partner Cypress Retail Group is marketing The Summit at Calabasas, the first privately funded retail center using the City of Calabasas Green Building Ordinance, on behalf of developer Dollinger Properties. X Team International President Nelson Wheeler made the announcement.
“The Summit” and all tenants are using the Calabasas-LEED Silver rating, setting standards for sustainable development. This new green shopping center is under construction at the southeast corner of the 101 Freeway and Lost Hills Road in Calabasas. The project will serve the affluent communities of Malibu, Westlake Village and Hidden Hills. The 70,000-square-foot project is expected to open in the first quarter of 2010.
Specialty health foods market Pacific Coast Greens will occupy a 14,000-square-foot space and offer organic produce, meats, seafood and freshly prepared foods. PC Greens will be the anchor tenant at “The Summit,” and joins Wolf Creek Restaurant and Brewing Co. and upscale Mexican restaurant Señor Fred’s.
Features of the project’s design aim to reduce the carbon footprint by diverting the solar impact to reduce electrical and mechanical cooling through the building and landscape design. Portions of the building materials and 75 percent of waste will be recycled during construction of the center. “The Summit” aims to bring quality retailers and quality environmental standards to the City of Calabasas.
For more information, please contact Cypress Retail Group at www.cypressretailgroup.com.
Click to view and download a rendering of “The Summit.”
About Cypress Retail Group
Cypress Retail Group was formed in June 1995 by Bob Haas, Scott Manclark, Bob Walsh and Dave Binney, all former retail brokers with CB Commercial Real Estate Group. Its principals created Cypress Retail Group to meet the needs of retailers, developers, property owners and restaurant operators throughout Southern California. Their experience, a combined tenure of more than 100 years, and deal-making acumen, has allowed Cypress to become one of the best brokerage companies of its kind.
About X Team
X Team is an international alliance of retail real estate specialists with offices located in major cities throughout the U.S., Canada and Europe. X Team partners average more than 20 years of industry experience, with expertise in major markets worldwide, specializing in tenant, property and developer/landlord representation, workout services, property dispositions and retail investments. X Team services include transaction negotiation, portfolio analysis, lease valuations, acquisitions, and asset assessment and valuation.