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The Board is requested to approve and authorize the Manager to execute two lease renewals for the Shoppes of Hope Valley with the County as Landlord. The first lease renewal agreement is with Lee and Cho, LLC, DBA Beautysmart, for a 9-year term and total value of $1,041,009. The second agreement is an Assignment and Assumption of Lease with a 3-year extension for MAGC Wireless with a total value of $74,182.
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Date of BOCC Meeting: November 10, 2025
Request for Board Action:
Agenda Text
The Board is requested to approve and authorize the Manager to execute two lease renewals for the Shoppes of Hope Valley with the County as Landlord. The first lease renewal agreement is with Lee and Cho, LLC, DBA Beautysmart, for a 9-year term and total value of $1,041,009. The second agreement is an Assignment and Assumption of Lease with a 3-year extension for MAGC Wireless with a total value of $74,182. Additional terms as noted in the attached agreements.
Beautysmart is a long-term tenant of the shopping center, anchoring the end of the building opposite the Board of Elections. Their current lease expires November 30, 2025.
MAGC Wireless is a new franchise for a current tenant who has purchased a former partner's share of their business and is franchising with a new wireless company. The previous lease expired in 2024, and the tenant has been in an allowable holdover period as a month-to-month tenant awaiting their business transfer. This new lease will be retroactive to June 1, 2025.
The MAGC Assignment and Assumption of Lease has been approved by the County Attorney's Office and Risk Management. The Beautysmart lease has been approved by Risk Management, and this approval request is pending final approval by the County Attorney's Office.
Alignment with Strategic Plan: The attached Lease Renewals support Sustainable Infrastructure & Environment Plan for long-term use of County land, facilities, and equipment.
Resource Persons: Christy Raulli, Se...
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