1202 Third Street

1202 3rd St, Santa Monica, CA 90403, USA

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Anchoring the north end of Santa Monica's Third Street Promenade, this two-story building was reconstructed in 1998 by CIM and became Banana Republic's flagship store in Santa Monica. The building was originally constructed in the 1940s as a J.C. Penney store in a "streamline moderne" Art Deco style.

CIM sold 1202 Third Street in 2001.



Investment Highlights
  • Gateway to the Third Street Promenade
  • 45,000 square feet of retail space
CIM views urban investing as a discipline rather than a market niche or a trend.