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• Three Assets at AZ Retail Center Traded in Separate Deals Totaling $14 Mil
9/15/21
Three retail assets at Gilbert Crossroads in Phoenix sold to three separate investors in deals with a combined total of $13.9 mil. Located at the busy intersection of Gilbert Road and Warner Road, Gilbert Crossroads is ideall...
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• Benderson Development Buys Two Tracts of Ground-Leased Land in New Mexico
9/15/21
Benderson Development has purchased two tracts of land ground-leased to Plaza Santa Fe, a 450k sf grocery-anchored power center in Santa Fe, NM. The seller was Truzaf L.P., the original landowner and developer of the project...
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• Shopping Center in South Orange County Sells for $5.7 Mil
9/09/21
Lake Forest Center, a 17.2k sf shopping center in Lake Forest, sold for $5.7 mil, or $330/sf. The buyer was a private investor based out of the state of Maryland.
Lake Forest Center is located 20761 Lake Forest Dr, surrounde...
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• Barstow Raising Cane’s Trades at a 4.3% Cap Rate
9/07/21
A Los Angeles-based 1031 exchange investor paid $5.49 mil for the ground lease purchase of a 3.3k sf retail property occupied by Raising Cane’s in Barstow. The asset, located at 2620 Fisher Blvd, traded at a cap rate of 4.3%,...
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• 32-Acre Texas Site Purchased for Development of a Mixed-Use Project
9/07/21
Juliet Five LLC purchased a 32-acre land parcel located at 1635 E Hwy 290 in Dripping Springs, TX, 20 minutes west of downtown Austin. The buyer intends to use the property to develop a mixed-use project incorporating retail,...
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• Single-Tenant OC Valvoline Oil Change Property Trades for Over $3,400/sf
8/31/21
A 902 sf, single-tenant, freestanding retail property occupied by a Valvoline oil change store in Costa Mesa has sold for $3.109 mil. The transaction works out of $3,454/sf in a deal we’re told marks the highest recorded pric...
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• Tourmaline Capital Pays Almost $500/sf for Long Beach Retail Strip Center
8/26/21
Tourmaline Capital paid $16.2 mil for Marina Center, a 32.8k sf ($494/sf) retail strip center along the Pacific Coast Highway in Long Beach. The asset was sold by a private investor who owned the property for over 23 years.
...
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• DWS Makes $67 Mil Bay Area Retail Buy
8/25/21
DWS has closed on the purchase of Hamilton Marketplace, a 90.7k sf shopping center in the Bay Area city of Novato. The property was sold by Grosvenor Americas in a deal sources say was valued at about $67 mil ($739/sf).
Hami...
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• Pasadena Storefront Property Sells for $580/sf
8/23/21
A 5.6k sf, storefront retail property in Pasadena sold for $3.25 mil, or $580/sf. The buyer was Saber Vertex 980 Corporate Center Drive LLC.
The property is located at 34 E Holly St, in a highly sought after prime commercial...
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• Canada-Based Investor Buys 58k sf AZ Retail Center
8/20/21
Longbow Marketplace, a 58.3k sf, Sprouts-anchored retail center in Mesa, AZ, was purchased a Canada-based private family investor group. The deal was financed with a $17 mil acquisition loan.
Located at 5918 E. Longbow Pkwy,...
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• Salt Lake City Neighborhood Center Sold for $51 Mil
8/19/21
Foothill Village, a 270k sf, neighborhood retail center in Salt Lake City, was purchased by Charlotte, NC-based Asana Partners in a $51 mil ($189/sf) deal. The seller was JTJG Foothill LLC, a group of local investors.
Locate...
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• Brilliant Earth Brightens Up New Union Square Development with Retail Lease
8/18/21
Brilliant Earth, a leading global retailer of ethically sourced bridal and fine jewelry, has taken the entire third floor at 300 Grant, a new office/retail development in San Francisco’s Union Square. Brilliant Earth will use...
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• Irvine Mixed-Use Campus Signs a Life Time Tenant
8/17/21
Life Time has inked a 90k sf, full building lease at Lakeshore, a modern 900k sf Class A mixed-use office and retail campus in Irvine. The deal, at 18007 Von Karman Ave, also includes 24k sf of exclusive outdoor space.
Lif...
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• InvenTrust Properties Corp to Start Renovation Work at 434k sf Cypress, TX Shopping Center
8/17/21
InvenTrust Properties Corp (IVT) is about to begin a major renovation of Cyfair Town Center, a 433.7k sf shopping center in Cypress, TX. The center, anchored by Kroger, JC Penney and Cinemark, is located at the intersection o...
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• Stos Partners Buys San Clemente Restaurant Property and Leases It During Escrow to The Alchemists
8/13/21
In a recent OC retail buy, Stos Partners purchased a 4.1k sf retail/restaurant asset in San Clemente in a $1.9 mil ($463/sf) off-market transaction. The property is located at 425 N. El Camino Real, on the west side of I-5 at...
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• Single-Tenant Michaels Store in South OC Sells for $194/sf
8/12/21
A 25k sf, single-tenant net-leased property occupied by Michaels in South Orange County sold for $4.85 mil ($194/sf). The building, shadow-anchored by Target, is located within the Foothill Ranch Towne Centre in Foothill Ranc...
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• Moreno Valley Retail Asset Goes for $8.3 Mil
8/05/21
Lakeshore Village Marketplace, an 80k sf shopping center in Moreno Valley sold for $8.3 mil. The acquisition included an additional 2.3-acre site.
Lakeshore Village Marketplace is located at 23575 Sunnymead Pkwy within the S...
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• Wood Investments Companies Buys 19.6 Acres in New Ontario Ranch Master-Planned Community
8/02/21
Wood Investments Companies paid $18.49 mil for 19.6 acres in the new Ontario Ranch master-planned community in the city of Ontario. The firm plans to use the land to develop a 206.1k sf retail center anchored by a national gr...
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• Inland Empire Acapulco’s Restaurant Trades for $644/sf
7/28/21
A single-tenant former Acapulco restaurant property in Moreno Valley sold for $4.83 mil ($644/sf) in an all-cash transaction. The property, located at 12569 Centerpoint Dr, was vacant at the time of the sale.
The building is...
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• Transnational Management Spends $28 Mil on WA Power Center
7/28/21
Hazel Dell Towne Center, a 264k sf, Kohl’s-anchored power center located in Vancouver, WA, was purchased by Transnational Management for $28.84 mil ($109/sf). The property was sold by a partnership managed by Pine Tree.
Haze...
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