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Sunday, Jan 29, 2023
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Hapik Opens First U.S. Store in El Paseo South Gate

The El Paseo shopping center in South Gate is the latest retail outfit to offer experiential services to its patronage by signing a 10-year lease with Hapik, an indoor climbing park.

This is the first U.S. location for Paris, France-based Hapik which was founded in 2016. The lease at 8712 Garfield Ave. is for 5,130-square-feet.

“Landlords are becoming more and more receptive to repositioning retail real estate towards entertainment-related activities instead of soft goods,” Stephan Ktorza, a senior vice president with Kidder Mathews, which brokered the deal, said in a statement.

Retailers are incorporating entertainment, experience, innovative brand awareness in their stores to bring in more customers, Frank Kaufman, national retail analyst for Seattle-based Moss Adams told the Business Journal earlier this month.

“Shopping habits have changed, e-commerce disrupted that and in order to get foot traffic to brick-and-mortar stores, you need to be creative,” he said.

Manufacturing, retail and trade reporter Shwanika Narayan can be reached at snarayan@labusinessjournal.com or 323-556-8351. Follow her on Twitter @shwanika.

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