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December 12, 2018
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RETAIL NEWS
Archive
1  | 2  | 3  | 4  | 5  | 6  | 7  | 8  | 9  | 10  ...  177
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• Glendora Retail Center Lands $17 Mil in Post-Acquisition Financing
10/26/18
HFF arranged $17.1 mil in post-acquisition financing on Grand and Alosta, a 70.8k sf, newly redeveloped, grocery-anchored retail center in the San Gabriel Valley city of Glendora. The property was redeveloped in 2018, which i...
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• Stockbridge Buys 155k sf OC Power Center
10/26/18
Edinger Plaza, a 155.3k sf, power shopping center in Huntington Beach, was acquired by Stockbridge, who purchased the property on behalf of its Smart Markets Fund, an open-end core vehicle. Although a transaction value was no...
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• Simplified Properties Buys 17k sf AZ Retail Asset
10/26/18
Parkway Village, a 16.6k sf shopping center in Goodyear, AZ, was purchased for $2 mil ($120/sf) by Simplified Properties, a NNN leased investment group. The property is located at 15605, and 15633 West Roosevelt St. This was...
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• Retail Building on Beverly Hills’ Rodeo Drive Fetches $8,250/sf
10/25/18
An 11.6k sf, retail building on Rodeo Drive in Beverly Hills was purchased for $96 mil by a joint venture, led by Michael Shabani of Crown Equity, Hakim Holdings, GWP Real Estate, and Mazal Enterprises. At $8,240 per square f...
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• 24 Hour Fitness Signs Lease at San Carlos Village Shopping Center
10/24/18
Fitness chain 24 Hour Fitness has inked a lease for 38k sf of anchor space at San Carlos Village shopping center in eastern San Diego. Joining a vibrant roster of tenants, 24 Hour Fitness will be backfilling the former LA Fit...
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• Central CA Retail Center Trades in $45 Mil Deal
10/22/18
The majority portion of Clovis Commons, a 326.6k sf shopping center in Clovis, CA, has sold in a transaction valued at $45 mil. The sale, which was for 181k sf, works out to around $249/sf. The property was sold by Brixmor Pr...
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• Local Buyer Spends $26 Mil on Inland Empire Retail Center
10/19/18
Tarski Group LLC has purchased Heritage Plaza, a 119k sf shopping center in Riverside, for $26.25 mil ($220/sf). The property is located at 5130-5290 Arlington Ave, east of I-15 and north of the 91 Fwy. Heritage Plaza is anc...
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• WA Community Center Trades in $38 Mil Transaction
10/17/18
Triangle Center, a 260.6k sf community center in Longview, WA, was acquired by a private investor for $38.3 mil, or $147/sf. The asset was sold by Highlands REIT, a Chicago-based investment trust. Built in 2004, Triangle Cen...
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• L.A. Area Del Taco Sells for $2,290/sf
10/12/18
An L.A.-based investor in a 1031 exchange paid $5.5 mil for a newly developed, 2.4k sf ($2,291/sf) single-tenant property occupied by Del Taco in San Pedro. Del Taco recently opened its doors at this location and signed a 20...
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• Sterling Organization Pays over $15 Mil for 99k sf Shopping Center in Phoenix
10/12/18
Sterling Organization purchased Union Plaza, a 98.7k sf, grocery-anchored shopping center in Phoenix, for $15.2 mil ($154/sf). The acquisition was funded with a $9.1 mil loan. Union Plaza, located at 18402 North 19th Ave, ha...
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• Inland Empire Neighborhood Center Refinanced with $24.3 Mil Loan
10/11/18
Euclid Plaza LLC has obtained a $24.3 mil loan for the refinance of Stater Bros Plaza, a 73.6k sf neighborhood retail center in Chino. Built in 2008, Stater Bros. Plaza is situated on 6.86 acres at 6989 Schaefer Ave. The cent...
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• Seattle Retail Property Trades for $19 Mil as a Development Opportunity
10/11/18
A 53.4k sf building in Seattle’s retail central business district has sold for $19 mil, or $356/sf. The property, located at 1518 Fifth Ave, is currently occupied partially by Banana Republic in addition to a vacant former ho...
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• Silicon Valley Neighborhood Center Goes for $862/sf
10/10/18
Mary Manor Center, a 12k sf retail center in Sunnyvale, was acquired for $10.35 mil ($862/sf) by a local high net worth private investor who was in a 1031 exchange. The fully occupied center includes a Starbucks as well as si...
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• Inland Empire Tutor Time Property Sells for $438/sf
10/09/18
A Los Angeles-based private investor paid $4.6 mil for a 10.5k sf ($438/sf), single-tenant Tutor Time Learning Center in Fontana. The property, located at 14273 Baseline Ave, was sold by a San Diego County-based private inves...
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• Scottsdale Sport & Classic Motorcar LLC Buys Showroom Facility in Scottsdale
10/09/18
San Francisco-based Scottsdale Sport & Classic Motorcar LLC purchased a 14.2k sf, freestanding showroom building in Scottsdale, AZ, for $2.25 mil ($158/sf). The building is located at 7671 East Acoma Dr, within the Scottsdale...
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• MCA Realty Spends $26.5 Mil on Two Inland Empire Assets
10/08/18
MCA Realty recently expanded its portfolio in the Inland Empire with the acquisition of two assets, a retail property in Moreno Valley and an industrial asset in Temecula, California. The two properties traded for a combined ...
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• Regional Retail Center in Oxnard Trades Hands
10/04/18
In retail investment news out of Ventura County, Esplanade Shopping Center, a 488.9k sf regional shopping center located at 195 W. Esplanade Dr in Oxnard, traded hands.The center, just over 92% occupied at the time of sale, o...
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• Rocklin Retail Comp Comes in at $250/sf
10/03/18
A 10.1k sf retail center in the Sacramento-area city of Rocklin sold for $2.52 mil, or around $250/sf. The property is located 2600 Sunset Blvd, at the intersection with Fairway Dr. The property is situated near the Sunset W...
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• 332k sf SoCal Regional Mall Trades in $21 Mil Deal
10/02/18
A majority, 331.8k sf portion of Santa Maria Town Center, a regional mall in the coastal SoCal city of Santa Maria, traded hands in a recent transaction valued at about $21.5 mil, or $65/sf. The property is anchored by Sears ...
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• South Korean-Based Retailer Leases 52k sf at DTLA Mixed-Use Property for HQ and Store Space
9/28/18
PK Retail Holdings, a subsidiary of Emart and Shinsegae Group, has signed a 10-year lease for a new, 51.7k sf, mixed-use headquarters and retail complex at 712 South Olive St in downtown Los Angeles. The South Korea-based ret...
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