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Pottery Barn Looks To Sublease
The Pottery Barn at the corner of Market and Castro streets. (photo: Bill Sywak)
By Andy Sywak
The Pottery Barn at 2390 Market St. has announced through its parent company, Williams-Sonoma Inc., it is looking to sublease the large space. Occupying the northeast corner of Castro and Market streets, the store originally opened in 2001.
“I don’t think the store was unsuccessful, it just didn’t meet relatively high expectations,” said Dan Riordan, real estate manager for Williams-Sonoma Inc. “[It’s] not a disaster but it’s not a rip-roaring success.”
Riordan said there is no timetable to vacate the store and that it is possible Pottery Barn will continue to operate there. “Since it’s not a failure store, we could keep it open. We’re totally fine there,” he said. “Customer service is good. The associates who work there are happy.”
He stressed that the store and a firm looking for a tenant to sublease, Retail West Inc., are seeking an appropriate tenant accepted by the neighborhood before any deal goes through.
“We’re very sensitive to the community,” said Matt Holmes of Retail West. “It all starts and stops with the community in the Castro.”
Holmes added they were currently waiting for proposals from three firms who had expressed interest in the space in addition to others they had already had received although “nothing has been determined yet.”
The location has been expensive to maintain for the San Francisco based company. The building had originally been a bank and Pottery Barn had to remove the vault and rebuild the whole building.
Pottery Barn will have seven remaining Bay Area locations, including one other in the city on Chestnut Street.
The San Francisco-based Williams-Sonoma Inc. announced that it expects to report over $3 billion in revenue in 2009.
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