MEI is pleased to announced the closing of a 10-year restaurant lease transaction in Santa Monica, CA. The former restaurant space was leased to Papi Tacos, an expanding Mexican concept and destination restaurateur with a heavy following in Southern California. Chelsea and Dennis of MEI Real Estate Services represented both the landlord and the tenant in this double-ended transaction and secured terms that worked for both parties while implementing language to address indoor dining/ related relief during the pandemic the met both parties needs. The new tenant will be an excellent compliment to the bustling downtown Santa Monica area at North Third Street Promenade and plans to open in fall of 2021.