Daiso, a Japanese low-price retailer that opened a pop-up store at South Shore Center last December, has signed a five-year lease for approximately 4,100 square feet at the Alameda shopping center, according to an announcement from Jamestown L.P., the center's owner.
The new store is expected to open for business in October or November, said Julie Taylor of Cornish & Carey Commercial Newmark Knight Frank, a leasing agent for South Shore Center.
“This location was so successful that the company decided to move into a larger space, with the potential for additional expansion,” she added. She said that the new store is expected to open for business in October or early November.
This is one of three new Daiso stores in the Bay Area. Worldwide, the company operates about 3.200 stores, Daiso California’s senior vice president, Yoshihide Murata said in an interview late last year. The stores carry a variety of merchandise priced at $1.50 or less.
“Our pop-up storefront program, which provides temporary space for short-term tenants, has proven to be popular with retailers like Daiso who want to ‘test the waters’ before committing to a long-term lease, as well as enterprises offering seasonal merchandise,” said Michael Phillips, Jamestown COO.