Downtown Long Beach's 200 Pine Continues Strong Leasing Momentum with 5,700 SF Lease to Street Surfing Worldwide

LONG BEACH, Calif., Feb. 22, 2012 /PRNewswire/ -- Irvine-based Street Surfing Worldwide will be relocating its headquarters to 200 Pine Avenue, a mixed use office and retail building situated in the heart of Downtown Long Beach. The new tenants will occupy 5,774 square feet at the property. This lease comes on the heels of the recently signed Ignify deal for 10,597 square feet.

Photo: http://www.ereleases.com/pic/2012-200-Pine-Building-Night.jpg

Street Surfing Worldwide develops, manufactures, and distributes specialty wheeled consumer goods, including waveboards, skateboards, and scooters. Recently acquired by Arenal Capital earlier this year, Street Surfing is now positioned to expand its product line and ramp up its marketing efforts worldwide.

"Street Surfing has a strong core product offering and a history of developing creative, quality wheeled products with a high market appeal," said Mark Siegel, CEO of Street Surfing Worldwide. "The move to downtown Long Beach is a great next step in re-energizing our brand, our team and our product line."

Realm Group's Darrin Olson, who purchased the Long Beach location in 2011, was also very pleased with the new partnership. "Street Surfing's relocation to this particular building will prove advantageous to all parties, allowing the company to submerge itself within the city's local lifestyle and culture. We believe the tenant will be ecstatic with the building's convenient location, abundance in amenity options, on-site parking, and high foot traffic. Added J.R. Pearce of Realm, "We have seen a significant pick up in leasing activity as many tenants now feel more comfortable regarding the economy and their expansion plans."

Brokers in the transaction were Gary Horwitz and Kamil Agha with Jones Lang LaSalle representing the tenant, and George Thomson and Noel Aguirre at Lee & Associates representing the landlord.

About Street Surfing:

Street Surfing is headquartered in Irvine, California. Street Surfing designs, develops, manufactures and distributes waveboards, scooters and skateboards, which are sold by major retailers around the world. For more information visit http://www.streetsurfing.com

About Arenal Capital:

Arenal Capital is a private equity firm specializing in special situation acquisition opportunities in the lower middle market. Arenal Capital was founded in 2011 and operates out of offices in New York and Toronto.

About the Realm Group:

Realm Group is a joint venture between Realm Real Estate and The Bascom Group to acquire value-added office properties and develop office and multi-family buildings throughout Southern California in both urban and suburban submarkets.  http://www.realmre.com

Contact:

Darrin Olson
REALM GROUP, LLC
4590 MacArthur Blvd., Suite 500
Newport Beach, CA  92660
ofc: 949.975.1122
[email protected] 
http://www.realmre.com

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SOURCE Realm Group, LLC