Bascom Group Hires Lee & Associates to Market Prime Downtown Long Beach Ground Floor Retail & Restaurant Space

IRVINE, Calif., March 21, 2025 /PRNewswire/ -- The Bascom Group, LLC has retained industry veterans Noel Aguirre and Sean Lieppman of Lee & Associates to market and lease a 4,100 square feet ground floor space at 200 Pine Avenue in Long Beach, California. Ideally located in the prime downtown area, the space features an adjoining 3,865 square feet lower-level space. This retail and restaurant space with patio capability is second generation restaurant space, perfect for a full-service restaurant concept in the downtown Long Beach market. The location has dedicated on-site retail and restaurant parking and is at the base of a six story, 65,909 square feet, office building renovated in 2022.

A visual landmark in Downtown Long Beach, 200 Pine is a six-story office tower with an attached 123-stall parking structure. This building has been recently renovated to provide Class "A" common area and tenant improvements. 200 Pine features retail tenants on the bottom floor, including Agaves Kitchen & Tequila and Agaves Ultra Lounge. 200 Pine also has an attached 123-stall parking structure. This Long Beach office building offers steel and concrete construction and over 90% historical tenant retention since the early 1990s. This building has Class "A" common area and tenant improvements which have been recently upgraded, and its retail tenants include Agaves Kitchen & Tequila and Agaves Ultra Lounge.

Paul Diamond, Senior Principal, stated, "We are excited to bring on the experienced team of Noel Aguirre and Sean Lieppman of Lee & Associates to market the restaurant and retail space at 200 Pine." 200 Pine is a visual landmark of Downtown Long Beach. The abundant window line is provided by a smaller floorplate, and there is top of the building monument signage available.

Noel Aguirre of Lee & Associates specializes in the sale and leasing of creative office, lifestyle retail and adaptive reuse projects in the Greater Long Beach and West Orange County markets. Mr. Aguirre has over 20 years of commercial real estate experience and his value-add approach and strong work ethic have established his exceptional reputation in the industry. Sean Lieppman, also with Lee & Associates, specializes in the sale and leasing of retail, office, and investment properties in the Los Angeles and Orange County markets. He provides clients with advisory services such as tenant/landlord representation, acquisition, disposition, and reposition of underperforming & underutilized assets.

David Kim, Managing Partner, added, "200 Pine is in the heart of the Pine Avenue entertainment district, with numerous retailers and restaurants, such as Altar Society Brewing Company. This building is within two blocks of City Hall, Billie Jean King Public Library, George Deukmejian County Court House, the State Building, and the newly expanded Long Beach Convention & Entertainment Center." Various public transportation options are available to tenants, such as a downtown transit route and the Metro A Line, one block from the building. Discover the modern turnkey offices at 200 Pine and have access to all Long Beach has to offer.

Downtown Long Beach is in the midst of an urban renaissance. Originally adopted in 2012, Long Beach Development Services established the Downtown Plan to create a vibrant urban core. Since January 2014, hundreds of businesses have opened in the area and there are currently over 1,700 apartment units under construction and another 1,200 units proposed or pending approval.

At the heart of the city's revitalization plan is the recently completed $520 million Long Beach Civic Center. It includes an 11-story City Hall, offices for the Port of Long Beach and a main public library. Plans for Queen Mary Island, a $250 million entertainment and hotel complex on 65 waterfront acres next to the Queen Mary ocean liner, are also in the works. This project features new stores, restaurants, sports venues, and attractions like rooftop surfing pavilions, a roller coaster, a zip line, and indoor ice climbing.

The recent opening of the luxurious Fairmont Breakers Hotel on Ocean Boulevard provides upscale hospitality and dining, further enhancing the area's appeal. The historic Breakers Hotel has been transformed into the luxurious Fairmont Breakers Long Beach, reopening on November 19, 2024, after a $150 million renovation. This 185-room hotel now features world-class dining, including the revived Sky Room restaurant, and a rooftop lounge offering panoramic ocean views.

The groundbreaking of the highly anticipated Hard Rock Hotel just two blocks from 200 Pine Avenue will bring a vibrant new entertainment and hospitality venue to Downtown. Construction is underway for a 31-story Hard Rock Hotel, set to open in mid-2027, just three blocks from 200 Pine Avenue. This development will include 429 rooms, a music venue, and will revitalize the historic Jergins Tunnel as a speakeasy, further enhancing the area's appeal as a vibrant entertainment district.

Long Beach is poised to host several high-profile events during the Los Angeles 2028 Olympics, including handball, BMX racing, sailing, water polo, triathlon, open-water swimming, and marathon swimming, positioning the city for significant international exposure and visitor traffic.

Office tenants in the area are diverse, with a high concentration of trade, logistics, and medical firms concentrated in the downtown area. The City of Long Beach is the largest tenant in the area. The neighborhood benefits from having the lowest office rents in the metro while still having access to the best amenities in the greater Los Angeles area. Long Beach is also home to an increasing number of retail and restaurant options.

Visit our website at http://www.rtlcollab.com/200pine and LoopNet at https://www.loopnet.com/Listing/200-Pine-Ave-Long-Beach-CA/6380655/ or download the brochure here https://www.lee-associates.com/elee/southbay/flyers/200Pine/200%20Pine%20Ave,%20LB%20-%20Brochure%20-%2012-10-2020.pdf

About Bascom: Bascom is a minority-owned private equity firm specializing in value-added multifamily, commercial, and non-performing loans and real estate related investments and operating companies. Bascom sources value-added and distressed properties including many through foreclosure, bankruptcy, or short sales and repositions them by adding capital improvements, improving revenue, and reducing expenses by realizing operational efficiencies through implementation of institutional-quality property management. Bascom, founded by principals Derek Chen, Jerry Fink, and David Kim, is one of the most active and seasoned buyers and operators of apartment communities in the U.S. Since 1996, Bascom has completed over $22.0 billion in multifamily value-added transactions encompassing 363 multifamily properties and over 105,000 units. Bascom's commercial transaction volume is $5.8 billion in total and amounts to over 23.4 million square feet. Bascom has ranked among the top fifty multifamily owners in the U.S. Bascom's subsidiaries and joint ventures include the Bascom Value Added Apartment Investors, Shubin Nadal Associates, Spirit Bascom Ventures, REDA Bascom Ventures, Bascom Northwest Ventures, Bascom Arizona Ventures, Harbor Associates, Village Partners Ventures, CRES, and Realm Group. Bascom's subsidiaries also include Premier Workspaces, one of the largest privately held executive suite, coworking and shared workspace companies in the U.S. For additional information, please visit www.bascomgroup.com.

Contact: Jerry Fink
Tel: 949-955-2991
Email: [email protected]

SOURCE The Bascom Group