“We welcome Lululemon to our property on the 3rd Street Promenade, one of the world’s most famous shopping streets,” said Mehdi Soroudi, a principal partner with privately held Maxxam Enterprises. “Santa Monica is a symbol of Southern California healthy living and we believe Lululemon is an ideal fit for our property.”
Mr. Soroudi added that a renovation of the façade of the property is currently underway. Lululemon expects to open its 6,400 square foot store in 2014. Promenade Gateway, originally known as Janss Court, was built in 1989 and acquired by Maxxam in 2003.
Maxxam Enterprises
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