Rumors have surged that Amazon will be opening a new concept grocery store in Warner Center right next door to the under construction mixed-used The Q Topanga. While the company has not confirmed this, neighboring tenants of the 33,574 square-foot building, where Toys-R-Us operated for decades, claim this is true. The city has already filed a change of use from retail to supermarket, and it has been confirmed by the City that a “generic market” will occupy the space. Renderings featuring a modern gray and glass facade have been released and the super-store is rumored to open before the end of the year.
With offices in Woodland Hills for nearly thirty years, Paley Commercial Real Estate are experts on all things Warner Center. It is no secret that the West end of the San Fernando Valley is undergoing tremendous changes; a 300+ unit apartment building right off the 101 Freeway and Topanga, the development of the AMC Theatre and Mall, and the development of the former Rocketdyne Plant. Whether you are an owner of commercial property or a business looking to get into the area, Paley Commercial Real Estate can be of service. In our 35 years of business, we have never seen a market as strong as now. Many owners are capitalizing on the sky high listing prices and low interest rates by putting their properties on the market “For Sale” at top dollar. In turn, many businesses are eager to get into the ever expanding Warner Center through leasing or buying commercial property. Whether you are a Landlord looking for a property Evaluation or a business looking to Lease or Buy, Paley Commercial Real Estate has the experience to help you actualize your goals. Contact us today for assistance with all your commercial real estate needs.