EVOQ Properties Expands Fashion Presence at Alameda Square
EVOQ Properties Expands Fashion Presence at Alameda Square
Nordstrom-owned HauteLook enhances Downtown Los Angeles' sprawling fashion and technology scene
LOS ANGELES--(BUSINESS WIRE)-- EVOQ Properties, Inc. (OTCBB: EVOQ.PK), one of the largest property owners in Downtown Los Angeles, just added HauteLook, a leading members-only flash sale retailer owned by Nordstrom, to its 1.4 million square-foot Alameda Square complex located at 777 S. Alameda Street. HauteLook will occupy 7,500 square feet of Building 1, which will serve as a photo studio to support its corporate operations.
"We have made a multi-million dollar investment in renovating, upgrading and modernizing the campus to meet the needs of fashion, tech and other creative industries," said Martin Caverly, CEO of EVOQ Properties. "With the addition of HauteLook, the campus is now home to five different fashion or fashion-related businesses. We welcome more tenants in the creative space, like HauteLook, that will bring more jobs and help grow the community."
Located at the junction between the growing Arts and Fashion Districts, Alameda Square is already home to a portfolio of popular fashion brands including American Apparel, Ella Moss®, Groceries Apparel and Splendid®.
EVOQ's Alameda Square has significant history as a key commercial hub in Downtown L.A. Originally constructed by the Southern Pacific Railroad in 1923, the property served as a major intermodal produce market and distribution center that connected Downtown to its surrounding Los Angeles county regions. The property has since been redesigned to include the addition of a 6,000 square-foot roof deck, upgraded electrical service, extensive landscaping and a space for food trucks. EVOQ carefully preserved Alameda Square's historic look by retaining the exposed windows, cement flooring and interior columns.
"Alameda Square is an incredible location for our photo studio," said Amy Fierstein, Vice President of Production for HauteLook. "The large open space gives us the flexibility to produce a wide variety of shoots so we can capture our rich product offering. The tall windows provide an abundant source of natural light that helps us achieve a light and airy feel. Plus, Alameda Square's rich history in L.A. commerce complements HauteLook's origin as a California casual-chic shopping destination."
John Zanetos of CBRE represented EVOQ and Clay Hammerstein of CBRE represented HauteLook in the transaction.
About EVOQ Properties Inc.
EVOQ is one of the largest property owners in downtown Los Angeles, with holdings in industrial, office, retail, residential, and mixed-use real estate. For additional information on EVOQ and its properties, please visit the Company's website at EvoqProperties.com.
Forward Looking Statements
This release contains forward-looking statements that are made in reliance upon the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are generally accompanied by words such as "anticipate," "continues," "expect," "forecast," "outlook," "believe," "estimate," "should" and "will" and words of similar effect that convey future meaning, concerning the Company's operations, economic performance and management's best judgment as to what may occur in the future. Future events involve risks and uncertainties that may cause actual results to differ materially from those we currently anticipate. The actual results for the current and future periods and other corporate developments will depend upon a number of economic, competitive and other influences. Many of these risks and uncertainties are beyond the control of the Company, and any one of which, or a combination of which, could materially and adversely affect the results of the Company's operations and its financial condition. We undertake no obligation to update information contained in this release.
For EVOQ Properties
Christie Ly
Mobile: 917-617-2437
christiely3@gmail.com
KEYWORDS: United States North America California
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