Seritage Secures Lease with Amazon at The Collection in La Jolla
As reported yesterday, Amazon is expanding its California footprint, and has signed a lease for 123,000 square feet of space at The Collection at UTC in La Jolla. Seritage Growth Properties teamed up with Invesco Real Estate to arrange the agreement.
The Collection at UTC is a mixed-use project comprising approximately 13 acres and 212,000 square feet of Class A office, retail and restaurant space. Amazon will occupy the entire top two floors, joining a diverse group of tenants including Williams Sonoma, Pacific Catch and Madison Reed.
Andrea Olshan, the President and CEO of Seritage said in a news release, “Amazon’s commitment to The Collection is a testament to the quality of the asset and its exceptional location. We will continue to partner with the city of San Diego as we expand The Collection to create more spaces for the community, its residents and businesses to interact.”
Mark comes to ConnectCRE with an extensive background as a business and news reporter in San Francisco radio, as well as 35 years as a traffic reporter on several stations including KGO, KNBR, KCBS and KFRC. As a business reporter, Mark covered the tech world in Silicon Valley where he became familiar with real estate transactions in the hot Bay Area marketplace. He attended San Jose State University with a BA in Radio and TV Broadcasting and currently resides in the Lake Tahoe area where he gets to frequently enjoy all of his favorite activities: Golfing, Fishing, Hiking and Skiing.