TOMMY BAHAMA RENEWS AT HERSCHEL AT WALL STREET

by Dan Peoples | Nov 19, 2012

October 29, 2012

NEWS FROM:  Parallel Capital Partners, Inc.

FOR INFORMATION: Matt Root, Parallel Capital Partners, 858-882-9506
   Jim Ingebritsen, Parallel Capital Partners, 858-882-9504
   Dan Peoples, Peoples & Company, 858-552-1456

Parallel Capital Partners Renews Tommy Bahama at 1100 Wall Street

San Diego, Cali.  Parallel Capital Partners, Inc. reports that Tommy Bahama has renewed for 3,600 square feet of retail space on the ground floor of building located at 1100 Wall Street. The lease term is for 36 months.

The 31,259-square-foot building is located on ½-acre in the center of the La Jolla retail and business district. Built in 1962 and renovated in 1999, the building is 93% occupied with major tenants including Citibank and Blue Book Publishers.

Both parties represented themselves in the transaction.

Tommy Bahama is part of Tommy Bahama Group, Inc., a wholly owned subsidiary of Oxford Industries, Inc. (NYSE:OXM). Established in August 1992, with corporate headquarters in Seattle, Tommy Bahama is an island-inspired lifestyle brand that defines relaxed, sophisticated style in men’s and women’s sportswear, swimwear, accessories, footwear and a complete home furnishings collection. The company owns and operates over 100 Tommy Bahama stores worldwide.

Parallel Capital Partners, Inc. (parallelcapitalpartners.com) is a real estate investment and operating firm that focuses on office, industrial and retail property acquisition in markets in the western U.S. and Hawaii. The company identifies opportunities where assets are undervalued and uses restructuring, capital improvements and superior leasing and management to turn value-added opportunities into core properties.