Northeast Heights retail center revitalized
Part of former Liquid Assets space on Montgomery NE includes liquor license, on-site kitchen
Another new bar or taproom might soon be setting up shop in the Northeast Heights. Coe & Peterson Commercial Properties is zeroing in on several adult-beverage purveyors to lease space at a shopping center it owns at 6910 Montgomery NE.
Broker Teneé Swingle said the spot in question is the remaining 6,000 square feet of space at the center formerly occupied by Liquid Assets. She said the lease also comes with a liquor license at the site and kitchen space.
Indeed, the center is shaping up as something of a restaurant row.
Current tenants are The Curry Leaf and the Olive Branch restaurants, the latter of which started as a food truck. They are both “killing it” business-wise, Swingle said.
Another space of 2,500 square feet is also available. It is ideal for a retailer or a dessert purveyor, Swingle said. The company has been redeveloping the center over the course of five years.
Lovelace clinic moves ahead
Lovelace Health System will host a groundbreaking ceremony on Wednesday for its new clinic in the South Valley.
The new freestanding facility is being built by Maestas Development Group and Four Daughters Development. Lovelace will lease 9,000 square feet, making room for an OB-GYN, certified nurse midwife, primary care physician and a primary care advanced practice provider, as well as dozens of staff members.
The new clinic, located at 3900 Las Estancias Ct. SW, will serve 150,000 residents in an area that has been underserved by medical providers for years.
Lovelace plans to spend an additional $1.5 million in tenant improvements, with design provided by Hartman + Majewski Design Group. Dan Newman and Debbie Dupes from CBRE Commercial Real Estate represented Lovelace in the deal. Wilger Construction will build the clinic.
Accounting firm moves Uptown
CliftonLarsonAllen has signed a lease for new office space in One Park Square.
The accounting firm is moving from its Downtown digs in the Bank of the West building, reports Scott Whitefield, managing director of Colliers International, who represented the landlord in the deal.
The 55-employee accounting firm is leaving its offices of the 500 Marquette NW.
Whitefield said the firm is “rightsizing” to the new location in an area that has become the financial district of Albuquerque. He said a “two-floor” tenant is looking to backfill some of the accounting firm’s space Downtown.
CRE women hit their stride
For the first time in New Mexico, women will lead the top commercial real estate industry organizations. They include NAIOP (headed by Cynthia Schultz, CEO of Bradbury Stamm); CREW New Mexico (led by Jeanie Springer, principal of Springer 5 Investments); CCIM (led by Debbie Dupes, senior associate with CBRE); CARNM (headed by Marguerite Haverly, associate with CBRE); and ULI (led by Amy Coburn, director of planning, design & construction at the University of New Mexico). This trend follows a report that recently was released by the Commercial Real Estate Women Network on the subject of women succeeding in record numbers in commercial real estate.
“What the study says is playing out in New Mexico as women take the helms of our professional organizations,” Springer said. “We are encouraged by the positive results of this research, and look forward to continuing to shake it up and grow future generations of successful commercial real estate women.”
To share the results of the study and what it means for New Mexico, MaryBeth Shapiro of CREW Network will be the featured speaker at the organization’s next meeting at 7:30 a.m. Aug. 10 at the Albuquerque Marriott hotel in Uptown. For more information, visit crewnewmexico.org.
Steve Sinovic is the real estate reporter for the Albuquerque Journal. News items can be sent to ssinovic@abqjournal.com, or call 505-823-3919.