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PRESS RELEASE / ANNOUNCEMENTS Tuesday, December 1, 2015

CBRE Arranges 6 Leases in 52,628-Sq.-Ft. Shopping Center Development in Buellton


Buellton, CA – November 17, 2015 – CBRE Group, Inc. announced the signing of six leases in Crossroads at Buellton Village, a 52,628-square-foot shopping center development in Buellton. New tenants include the Habit, Chipotle Mexican Grill, Supercuts, a national coffee chain, telecommunications corporation and home improvement supply store. CBRE retail experts Larry Tanji, Scott Siegel and Lisa Engel represented the developer, Buellton Village Center LLC.

“This shopping center is strategically located for commuters and tourists heading to Solvang, the 60 wineries in the Santa Ynez Valley and the Chumash Casino,” said Mr. Tanji. “It will act as a gateway to these destinations and will be the main retail hub between Santa Maria and Goleta.”

The Habit, Chipotle Mexican Grill, Supercuts, national coffee chain, telecommunications corporation and home improvement supply store each signed a five- or 10-year lease and will occupy, 2,000 square feet, 1,900 square feet, 850 square feet, 1,610 square feet, 1,800 square feet and 39,632 square feet respectively.

Located at Highway 246 and McMurray Road, Crossroads at Buellton Village is adjacent to a center anchored by Albertson’s and CVS Pharmacy and to the Village Specific plan, with approximately 240 new housing units planned and a proposed 130 room Hilton Garden Hotel. It has easy access to the 101 Freeway, with a combined traffic count of 39,000 vehicles per day.

The center is currently under construction and is scheduled to open the first quarter of 2016. Three spaces remain available, ranging from 1,000 to 6,883 square feet.

About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2014 revenue). The Company has more than 70,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 400 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.

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