Tag Archives: Jon Cowen

JonCowen, SRS-CUT

Jon Cowen Joins SRS Real Estate Partners

SRS Real Estate Partners hired Jon Cowen as senior vice president in the Phoenix office. A well-known name in the Arizona market, Cowen brings a wealth of experience and relationships to SRS. He will focus on representing local and national retailers, shopping center leasing and development and investment sales.
Cowen has more than 24 years of experience in commercial real estate. His career boasts involvement in more than 500 transactions with a value in excess of $1B. He has worked with many high-profile clients such as Kimco Realty, Vestar Development Co., Sears Great Indoors, Skechers, Bank of America, CVS/Pharmacy, McDonald’s, Starbucks, and Staples. Cowen has represented many national retailer’s roll-outs and expansions in the Arizona marketplace such as Café Rio and The Keg Steakhouse and Bar.
Previously, Cowen worked with the Retail Advisory Group at Cushman & Wakefield after his own real estate firm, Cowen Commercial, LLC, was acquired by the company. While at Cushman & Wakefield, he was recognized as the company’s top retail producer for 2011 and 2012.
“Jon is going to be a great addition to the Phoenix office,” said Ed Beeh, executive vice president and market leader for the Phoenix office. “He has made a name for himself in the area and has a wealth of experience. We are very lucky to have him on our team.”
Cowen attended the University of Arizona and is a member of the International Council of Shopping Centers.

shops at esplanade

2 new restaurants opening at Esplanade

Cushman & Wakefield today announced the opening of two new restaurants at The Shops at Esplanade, located on the southeast corner of Camelback Road and 24th Street.  The new tenants are part of Esplanade owner, MetLife, and Cushman & Wakefield’s efforts to revitalize the property’s retail presence.

“We have worked diligently with MetLife to attract an exciting and successful blend of restaurants and retailers at the property that will suit this market,” said Jon Cowen, Senior Director at Cushman & Wakefield.  “The Camelback Corridor provides a fabulous market opportunity for the correct tenants and we’re pleased that ownership’s plan is coming to fruition.”

Pearl Live!, a Scottsdale–based company, will open a sushi restaurant with live entertainment.  Pearl Live! at the Esplanade will be the second sushi/entertainment concept for renowned restaurateur, Jimmy Carlin.  The Esplanade location will feature a large, outdoor patio, an indoor/outdoor bar, and live music.  Situated directly across from the Ritz Carlton, the space was previously occupied by Morton’s Steakhouse. Mr. Carlin plans to cater to the business lunch and happy hour crowds, but also provide an upscale venue at night.  Bob Tam, former corporate chef for PF Chang’s and current Director of Culinary Operations for Maven Hospitality Group (who recently opened The Strand Urban Italian in downtown Phoenix), will be responsible for the creation of Pearl Live!’s menu.  The approximate 7,977 square foot sushi restaurant is slated to open in May.

Solo Trattoria, a new concept from Chicago-based Gemstone Café Group, plans to open their doors at the Esplanade in mid February.  Brittany Harrison of Catalyst Commercial represented the tenant in this transaction, bringing the company’s first location to Arizona.  The Modern Italian restaurant leased approximately 2,555 square feet of space which was previously occupied by Picazzo’s Pizza.  Solo Trattoria, with its cozy and inviting ambiance, will feature fresh tasting Italian food, including Naples style thin crust pizza, authentic pastas, imported cheeses, and wine and beer.

Jon Cowen and Summer Jackson of Cushman & Wakefield serve as exclusive leasing agents for the Shops at Esplanade, while Larry Downey, Jerry Jacobs, and Michael Crystal lease the available office space for property owner MetLife.

Camelback Esplanade

Camelback Esplanade Has A New Addition: The Del Frisco's Grille

Camelback Esplanade, once the unofficial headquarters for Valley power lunches, is now mentioned most often for slowing revenue and high turnover rates. This June, however, the storied mixed-use center will welcome a newcomer to the table.

In its first restaurant venture in Arizona, Del Frisco’s Grille will fill the now-vacant booths of the venerable Houston’s Restaurant, which relocated in December 2010.

Del Frisco’s Grille, a high-end steakhouse and bar, serves contemporary American cuisine.

Del Frisco’s Grille is exactly what the landlord hoped for, says Jon Cowen, senior director at Cushman & Wakefield of Arizona. Cowen was the property’s listing agent, representing the Metropolitan Life Insurance Company of New York in the lease transaction.

“MetLife, the owner of the property, is very pleased to be leasing space to a high caliber brand like Del Frisco’s Grille,” Cowen says. “This mixed-use restaurant and retail project is the perfect home for a destination restaurant of this quality and reputation.”

Camelback Esplanade lost major tenants in Houston’s Restaurant and McCormick & Schmick’s, which closed abruptly in early January. In an effort to revamp the property’s appeal, Camelback Esplanade plans to amend its image, Cowen says.

“This lease is a critical first step in our plans to re-merchandise the retail space at Camelback Esplanade,” Cowen says.

Despite the center’s dwindling headcount, Del Frisco’s Grille is eager to make the move.

“This Camelback location is ideal,” says Bill Martens, director of development at Del Frisco’s Restaurant Group. “It has a good balance of strong office and residential density to support this dining experience, making us a convenient choice for our local guests.”

Del Frisco’s Grille plans to extensively renovate the 7,379 SF restaurant space, including the installation of a roof deck patio for extended dining capacity. Located at 24th Street and Camelback, the restaurant will be the third Del Frisco’s Grille location nationwide.

To find out more about Camelback Esplanade’s restaurants, camelbackesplanade3.com.