Deep-seated troubles with the retail sector were years in the making and COVID just accelerated their consequences
John Cumbelich is the founder and Chief Executive Officer of John Cumbelich & Associates. Headquartered in Walnut Creek, CA, the firm has been responsible for several of the highest-profile retail real estate transactions in Northern California since its inception in 2000.
John has more than 30 years of retail real estate experience and has personally been involved in transactions totaling in excess of $3.5 billion. He has successfully built one of the most respected retail real estate firms in the west and the leading independent retail firm in the San Francisco Bay Area. The firm focuses on the representation of premier retailers and restaurants; select high profile retail centers, High Street leasing, and investment sales in the Bay Area’s premium retail submarkets.
Mr. Cumbelich is perhaps best known for his role in sourcing several of the landmark ground-up developments of the past generation in the Bay Area. Some of the major new developments sourced and sold by John include The Corners in downtown Walnut Creek (Tiffany & Co, Apple, GAP), Plaza San Jose (19 acres, Target), Jones Ranch (27 acres, Lowe’s), East Washington Place (34 acres, Target), Sycamore Crossing (13 acres, Lewis Retail Centers) and Bayside Marketplace (17 acres, Wal Mart).
John has worked on behalf of many of the nation’s premier retailers, including: Bank of America, Cost Plus World Market, Dunkin’ Brands, El Pollo Loco, Jared Jewelry, Kroger, Lowes, Petco, Pier 1 Imports, Smart & Final and Sport Chalet.
When engaged on leasing assignments for owner and investor clients, Mr. Cumbelich has completed transactions with several of the most prized retailers in America, including: Apple, AT&T, Bank of America, BevMo, Dick’s Sporting Goods, GAP, Hobby Lobby, Home Depot, Orchard Supply Hardware, Paper Source, PetSmart, Pottery Barn, Restoration Hardware, Sprouts, Starbucks, Stein Mart, TD Ameritrade, Tommy Bahamas, Vineyard Vines, Walgreens, Walmart, Wells Fargo, Whole Foods and Z Gallerie.