The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
March 29, 2024
 Search RENTV
   Go!
 The REview
 News
News Home Page
Southern California
Northern California
Pacific Northwest
Texas/Southwest
Retail
Multifamily
Financing
Prop. Management
Archives
Press Releases
 R. E. Marketplace
Service Providers
JobWorks
Property Spotlight
 RENTV  Conferences
Subscriber Login:
  
Email      
    Go!
Password      
Forgot Password?



ETC... ETC...
Printer-friendly Version   Email an Associate
Pine Tree Spends $64 Mil on Glendale Retail Center

1/13/22

Chicago-based Pine Tree has purchased Glendale Marketplace, a 154k sf, urban retail center in Glrendale, for $64.1 mil ($416/sf). The property, situated on 2.2 acres at 106-146 S. Brand Blvd, was sold by EB Arrow.

Glendale Marketplace is 94.8% leased to an impressive variety of some of the most popular fitness, home furnishings restaurant and discount store retailers in the country, including Ross Dress for Less, LA Fitness, HomeGoods, Five Below, Buffalo Wild Wings and Old Navy. Constructed in 1998, the property offers a large pedestrian alleyway lined with retail suits and has ample parking augmented by an adjacent public parking garage owned by the city.

The retail center is located in the urban infill city of Glendale, which, with a population of more than 595,000, is the third largest city in Los Angeles County. Glendale Marketplace is in a rapidly expanding trade area that has added more than 2,100 multi-housing units within walking distance in the past five years, and more than 238,200 residents live within a three-mile radius with an average annual household income of $96,384.

Gleb Lvovich, Bryan Ley, Geoff Tranchina and Daniel Tyner with JLL Retail Capital Markets team represented the seller in the transaction.

“We are extremely excited and bullish on big-box retail, especially in urban areas,” Lvovich said. “With retailers efficiently utilizing their stores to facilitate in-person shopping, returns and last-mile fulfilment, bricks and mortar have never been more relevant.”





Return to the Archive page


 
 


 
 
 



Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2024 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media