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• Big Lots Center in Las Vegas Trades for almost $13 Mil
1/04/19
Craig Promenade, an 81.1k sf, Big Lots anchored neighborhood shopping center in North Las Vegas, was purchased for $12.9 mil ($159/sf) by Tulsa, OK-based Liberty Crossing Apartments LLC, an entity formed by Precision Equity. ...
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• Chino CVS Pharmacy Acquired for $7.6 Mil
1/03/19
A 13k sf retail property leased by CVS Pharmacy in Chino sold for $7.6 mil, or $584/sf. The property was acquired by a local 1031-exchange investor.
The building is located at 12101 Central Ave, at a signalized corner off C...
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• Mexican Restaurant Chain Buys Three Acres in Norwalk
1/03/19
Tacos Gavilan, a popular up-and-coming Southern California-based Mexican restaurant chain, paid $3.1 mil for 1.3 acres of land located at the southwest corner of Rosecrans Ave and Studebaker Rd in the city of Norwalk. The sit...
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• Quality Dialysis Center Leases Former Fresh & Easy Space at Arcadia Retail Center
1/02/19
Quality Dialysis Center has agreed to a 10-year, $3.03 mil lease for 15.3k sf ($1.65/sf/mo) of space at The Shoppes Highlander Center in Arcadia. Quality Dialysis plans to take occupancy of its new space, formerly the home of...
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• Sterling Organization Buys 50k sf Seattle Shopping Center
1/02/19
Sterling Organization purchased Elliot Plaza, a 50.7k sf shopping center near downtown Seattle, for $11.65 mil, or $230/sf. The asset was purchased in an off-market transaction on behalf of Sterling Organization’s latest valu...
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• Retail Center in Chino Trades in $6.85 Mil Transaction
12/26/18
Chino Promenade 3, a 41.4k sf retail community shopping center in Chino, sold for $6.85 mil ($165/sf). The property is located at 5536-5546 Philadelphia St, in a prominent retail corridor within the West Inland Empire.
The...
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• AZ Neighborhood Shopping Center Fetches Over $40 Mil
12/20/18
Oracle Crossings, a 251.2k sf Sprouts Farmers Market-anchored neighborhood shopping center Oro Valley, AZ, was purchased by Tucson-based Town West Realty for $40.8 mil ($162/sf). The property was sold by Weingarten Realty of ...
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• Investor Exchanges into $9.4 Mil Inland Empire Retail Asset
12/18/18
The Shops at Town Center Marketplace, a 12.6k sf, retail strip center in Menifee, was purchased by a local investor for $9.4 mil ($746/sf).
Located at 30029-30067 Haun Rd, The Shops at Town Center Marketplace was completed ...
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• Neighborhood Retail Center in Arizona Sells for $5 Mil
12/17/18
The Shops at Arizona, a 35.7k sf Ace Hardware-anchored neighborhood shopping center in Anthem, AZ, sold for $5.075 mil, or $142/sf. The center, located at 3434 Anthem Way, is 88% occupied with a mix of daily needs, food servi...
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• Investors Pay $5.5 Mil for Mixed-Use Property in Oceanside
12/14/18
A retail/residential mixed-use property in Oceanside sold for $5.475 mil. The asset is located at 502-508 Sportfisher Drive and 510 N Coast Hwy, about midway between I-5 and the ocean.
The property consists of 16 residential...
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• New LA Fitness in Temecula Sells for $13 Mil
12/13/18
A new, 37k sf single-tenant building occupied by LA Fitness in Temecula has sold for $13 mil ($351/sf). The net-leased property, completed earlier in 2018, is located on 3.69 acres at 29920 Temecula Pkwy, on the east side of ...
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• Net Lease Alliance Lands $16 Mil to Complete Construction of Disrupted Retail Development in Washington
12/13/18
Net Lease Alliance has obtained $16 mil in financing to resume and complete the construction of a 125.1k sf retail center in the suburban Seattle community of Puyallup. The project involves the redevelopment of a former Lowe’...
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• Seligman Group and Irvine-based Pendulum Property Partners Acquire Majority Retail Portion of Liberty Station
12/11/18
A 321k sf portion of Liberty Station, a mixed-use development in San Diego, was acquired by a partnership between Seligman Group and Irvine-based Pendulum Property Partners. The complex, offering coastal, urban, infill retail...
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• Walmart Neighborhood Market in Palm Desert Sells for $13.5 Mil
12/11/18
A single-tenant, 45.6k sf retail property fully occupied by Walmart Neighborhood Market in Palm Desert has sold for $13.5 mil ($296/sf). The property, situated on 5.37 acres at 72314 Highway 111, was purchased by a private in...
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• Two High-End San Francisco Retail Properties Land $125 Mil in Refi Money
12/06/18
Newmark Knight Frank has arranged a $125 mil, fixed-rate loan on behalf of a high net worth family investment entity to refi two high-end retail properties in San Francisco. The assets, located at 111 Maiden Lane and 201 Post...
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• Community Shopping Center in Stockton Sells for $20 Mil
12/05/18
College Square, a 97% occupied, 126.1k sf community shopping center in Stockton, was acquired by a SoCal-based 1031 exchange investor for $20 mil ($158/sf). The center is anchored by Hobby Lobby and Planet Fitness with other...
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• Shopping Center in L.A.’s Pico-Robertson Area Trades for $50 Mil
12/04/18
The Balcony at Beverwil, a fully leased, 71.2k sf shopping center in the Pico-Robertson area of West Los Angeles, sold for $50.25 mil, or about $705/sf. The property, located at the southeast corner of Pico Blvd and Beverwil ...
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• Brixton Capital Purchases 127k sf Vegas Retail Asset
12/04/18
In a recent Las Vegas retail acquisition, Brixton Capital purchased a grocery-anchored, 126.7k sf shopping center called Decatur 215. The property, located at the southeast corner of North Decatur Blvd and West Tropicana Pkwy...
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• Coastal NoCal Power Center Sells for $45 Mil
12/03/18
The Dunes in Marina, a 233.9k sf, power center in the Monterey Bay area along the NoCal coast, was acquired by a private investor for $45 mil ($192/sf). It was sold by Shea Properties, an Orange County-based fully diversifie...
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• Navarra Properties’ Multi-Phase SuperBlock@I.D.E.A. District in San Diego’s East Village is Well Underway
11/30/18
Here’s the latest info on Navarra Properties’ SuperBlock@I.D.E.A. District, a multi-phase, mixed-use development in San Diego. The project is situated on an approximately 2.75-acre site bounded by E, F, 14th and 15th St in Do...
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