Press Releases

DAUM Commercial Real Estate Services, a leading provider of commercial real estate services including brokerage, tenant representation, consulting, leasing, sales, and property management, has directed the acquisition of an approximately 5,000 square-foot restaurant space in the Los Angeles County city of Arcadia, California to Dream1212 LLC, the owner of Mama Lu’s Dumpling House, a traditional Chinese restaurant with several locations throughout Southern California.

The Arcadia property now serves as Mama Lu’s sixth location, according to Rudy Lara, SIOR, an Executive Vice President based out of DAUM’s South Bay office.

“With its flagship shop in Monterey Park, Mama Lu’s already has a strong following in the San Gabriel Valley, and our Client was looking to expand its presence in the area with an Arcadia location,” explains Lara. “The restaurant’s prominent visibility fronting Baldwin Avenue and spacious dining area provides more opportunity for local customers to enjoy their popular dumplings and other specialties.”

Lara adds that this acquisition is part of a rapid expansion of Mama Lu’s Dumpling House, with the openings of Beverly Hills and Las Vegas locations planned for early 2025.

Nick Peukpiboon, Vice President at DAUM’s City of Industry office, identified the opportunity after working with the buyer on a previous transaction.

“Through our work in the local market, our team was aware of the chain’s plans for expansion and desire to open a location in Arcadia, a city known for its thriving restaurant industry and centrally located amidst a large existing customer base,” explains Peukpiboon.

“We were able to bring this acquisition to the buyer off market and close in under 30 days due to our existing relationships and because it was so perfectly aligned with our client’s business goals,” explains Peukpiboon. “The property is not only in an ideal location, but had the bones to facilitate a quick renovation and conversion to a Mama Lu’s restaurant.”

Prior to opening for business in late December, the buyer painted the entire interior of the restaurant and brought in new furniture and equipment, Peukpiboon adds.

In addition to Lara and Peukpiboon, DAUM’s Nathan Lara and Andrew Lara were part of the team that facilitated the transaction. The property is located at 1212 South Baldwin Avenue in Arcadia, California. The total consideration for the purchase was $4 million.

About DAUM Commercial
DAUM Commercial Real Estate Services is a leading provider of commercial real estate services including brokerage, tenant representation, consulting, leasing, sales and property management. Founded in 1904, DAUM focuses on longstanding client relationships and draws upon its century-long track record to deliver steadfast insights and proven results to clients across the U.S. DAUM has 11 offices throughout Southern California and Arizona. More information is available at www.daumcommercial.com.

DAUM Commercial Real Estate Services, a leading provider of commercial real estate services including brokerage, tenant representation, consulting, leasing, sales, and property management, has completed the acquisition of a 39,813 square-foot manufacturing and distribution industrial building in Tempe, Arizona on behalf of a private investor. The total consideration for the purchase was $7.3 million.

“Arizona is one of the country’s fastest-growing states, and the Phoenix Metro in particular, including Tempe, is experiencing tremendous population growth,” says Parker Houston, Associate Vice President in DAUM Commercial’s Phoenix office. “This bodes well for investors in the region’s industrial sector, particularly manufacturing and distribution facilities that serve the area.”

According to DAUM research, several Phoenix industrial market fundamentals improved during Q3 2024, with sales volume increasing 30.2%, leasing activity rising 41.4%, and rental rates growing 1% during the quarter. Industrial properties under construction in the metro have experienced a steady decrease over the last five quarters, an indication that supply is in check and elevating the value of existing properties in the market, notes Houston.
The asset acquired is centrally located in Tempe, with close proximity to major freeways and Sky Harbor Airport. The building, which features seven dock doors and heavy power to accommodate both manufacturing and distribution uses, was the investor’s first purchase in the Tempe market.

“The DAUM team of myself, Chris Rogers, and Trevor McKendry drew upon our extensive network to identify an opportunity to assist our client in purchasing a highly desired industrial asset in a strong submarket with a robust transportation infrastructure,” says Houston. “We were able to help the buyer acquire the property at a solid basis, allowing them to implement additional improvements that will attract quality tenants.”

The property is located at 1326 West Fairmont Drive, Tempe, AZ 85282

About DAUM Commercial
DAUM Commercial Real Estate Services is a leading provider of commercial real estate services including brokerage, tenant representation, consulting, leasing, sales and property management. Founded in 1904, DAUM focuses on longstanding client relationships and draws upon its century-long track record to deliver steadfast insights and proven results to clients across the U.S. DAUM has 11 offices throughout Southern California and Arizona. More information is available at www.daumcommercial.com.

DAUM Commercial Real Estate Services, a leading provider of commercial real estate services including brokerage, tenant representation, consulting, leasing, sales, and property management, has completed a new seven-year retail lease at 1065 Brea Mall in Brea, California, a city in Orange County. The lease, which was secured on behalf of Chow Tai Fook and Gem Hooray, a Chinese 24-karat gold jewelry company, represents the retailer’s first location in the United States.

“The DAUM team’s trusted relationship with an industrial-sector client was instrumental in securing the first of several U.S. locations for this new retail venture,” says Dennis Sandoval, Executive Vice President/Principal for DAUM Commercial. “Because of the client’s positive experience with our team, the principal’s wife and her overseas partners specifically chose Bryan Sandoval and Nadia Sandoval, Associates in DAUM’s Los Angeles office, to assist them in identifying and securing the perfect space for their initial American jewelry store. We also have an excellent relationship with Brea Mall’s owner, Simon Property Group, that can help bring other retail businesses into the center as well. This is a prime example of how our firm is truly in the relationship-building business.”

The Brea Mall retail space is situated in Brea, California, a small, affluent suburb of Orange County – a market with a vacancy rate of 4.2% as of Q3 2024. The transaction represents DAUM’s ability to arrange prime commercial real estate leases on behalf of tenants even in markets where availability is tight, says Sandoval.

“Mall retail pads in Brea are extremely competitive and challenging to secure,” notes Sandoval. “Our team drew upon its deep knowledge and connections in the industry to identify and complete this transaction to the satisfaction of our client. This is the beginning of a series of successful retail leases we anticipate securing on behalf of Chow Tai Fook and Gem Hooray.”

The retail space is located at 1065 Brea Mall, Brea, California, 92821.

About DAUM Commercial
DAUM Commercial Real Estate Services is a leading provider of commercial real estate services including brokerage, tenant representation, consulting, leasing, sales and property management. Founded in 1904, DAUM focuses on longstanding client relationships and draws upon its century-long track record to deliver steadfast insights and proven results to clients across the U.S. DAUM has 11 offices throughout Southern California and Arizona. More information is available at www.daumcommercial.com.