European Wax Center Leases Encinitas Retail Space

SAN DIEGO – November 16, 2009 – CB Richard Ellis announced that European Wax Center leased 1,773 square feet of retail space at 272-B North El Camino Real, Encinitas 92024. The five-year lease is valued at $303,661.

Carrie Bobb of CB Richard Ellis represented European Wax Center. John Still and David Silverman of Flocke & Avoyer represented the lessor, Terramar Retail Centers LLC.

European Wax Center has 58 franchises in development in California, Arizona, Nevada, Texas, Georgia, Florida, New York and New Jersey. Phase two of the company’s national expansion includes developing franchises in Connecticut, Illinois, Indiana, Maryland, Missouri, Minnesota, Pennsylvania, Rhode Island, Virginia and Washington. The Encinitas lease is European Wax Center’s first San Diego County location.

About CB Richard Ellis

CB Richard Ellis Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services firm (in terms of 2008 revenue).  The Company has approximately 30,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 300 offices (excluding affiliates) worldwide. CB Richard Ellis offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. CB Richard Ellis has been named a BusinessWeek 50 “best in class” company three years in a row and a Fortune 100 fastest growing company two years in a row. Please visit our Web site at www.cbre.com/sandiego.