| Whole Foods Inks Anchor Lease at New Development on L.A.’s Westside
Whole Foods Market has agreed to a lease for a 50k sf, flagship grocery store to anchor Cumulus District, an urban, mixed-use development on Los Angeles' Westside. The project, located at at 3321 La Cienega Blvd, at the corne...
| Institutional-Quality Retail Asset in Apple Valley Trades for $89 Mil
Note: This story was updated August 14, 2019 to include the name of the buyer
JH Real Estate Partners Inc, out of Newport Beach, acquired a 393.5k sf, majority portion of Jess Ranch Marketplace, an institutional-quality reta...
| Carson Retail Property Sells for $446/sf
Carson Bonita Plaza, a 28.2k sf feet retail center in Carson, was purchased for $12.6 mil. We’re told that the cost of $446.50/sf is the highest price per square foot for a retail property sold in the City of Carson this past...
| Foreign Investor Buys Leasehold Interest in San Gabriel Valley Retail Center
A private foreign investor paid $13.65 mil for the leasehold interest sale of Glendora Commons, a 41.7k sf, newly constructed, fully leased grocery-anchored retail center located in Glendora. The asset was sold by Seagrove Pr...
| Two Sacramento Area Shopping Centers Trade Hands in Deals Totaling $24.6 Mil
Two shopping centers in the Sacramento area sold for a total consideration of $24.6 mil. The assets -- Currier Square Shopping Center in Oroville and Crossroads Shopping Center in Auburn -- were sold by Community Centers of A...
| CO 24 Hour Fitness Property Trades for $22.75 Mil
A 45.5k sf 24 Hour Fitness located in Highlands Ranch, CO sold for $22.75 mil, which equates to $500 per square foot. The property is located at 6830 E County Line Rd, west of I-25 and just north of Hwy 470.
Built in 2010 on...
| Exchange Investor Spends $35.6 Mil on Two Inland Empire Retail Centers
Two retail shopping centers in the Inland Empire were acquired by a private local investor in deals totaling $35.6 mil. The assets, located in Menifee and Wildomar, offer a combined 157.8k sf of space.
One of the properties,...
| California Investor Acquires 270k sf Des Moines, IA Retail Center
Water Tower Place, a 270k sf retail center in Des Moines, Iowa, was acquired by a California-based family investment entity. The sale did not include a Home Depot within the center that is over 100k sf in size and is separate...
| Sterling Organization Pays $35 Mil for Melrose Crossing
Melrose Crossing, a two-building, 24.5k sf assemblage of high-street retail and creative office space just outside West Hollywood, sold for $35 mil. The buildings are located at 8378-8380 and 8379 Melrose Ave, positioned acro...
| 6.2-Acre Retail Land Site in Oceanside Sells for $5 Mil
A 6.2-acre retail land parcel in Oceanside sold for $5 mil ($115/sf). Located at 4170-4196 Oceanside Blvd, the parcel is currently developed as the Plaza Rancho del Oro retail center.
Tenants at the 168k sf retail center inc...
| Multi-Tenant Retail Building in Huntington Beach Goes for Near $500/sf
An 8.6k sf, multi-tenant retail building shadow-anchored by Sprouts Farmers Market in Huntington Beach sold for $4.1 mil, or $477/sf. The deal came in at a cap rate of 4.94%.
Located at 6946-6968 Warner Ave, at the signalize...
| Cottage Grove, OR Retail Asset Trades at $385/sf
A 14.8k sf retail property located in central Oregon’s Cottage Grove community traded hands for $5.7 mil, or $385/sf. The property is located at 1704 E Main St, just west of I-5.
Walgreens currently occupies the property wit...
| Bolour Associates Acquires Site in LA’s Koreatown for $7.4 Mil
Bolour Associates Inc has purchased a .69-acre land site in the heart of Los Angeles’s Koreatown for $7.4 mil and completed a simultaneous long-term ground lease at the property with an unnamed quick serve restaurant (QSR) te...
| New Riverside Single-Tenant Retail Property Trades at 4.52% Cap Rate
An L.A.-based private investor paid $2.3 mil for a two-tenant retail property occupied by a brand-new single-tenant Jack in the Box with a drive-thru and a Verizon cell tower in Riverside. The property, located at 1115 W. La ...
| Southwestern Property Corp Buys Former JC Penney in Phoenix
The property is located at 9617 N. Metro Pkwy just west of I-17 at Peoria Ave. Southwestern Property Corp plans to redevelop the site into a high-end self-storage and boat/RV storage facility, or entertainment uses.
| Foreign Investor Picks Up Pasadena Retail Property in $5 Mil Transaction
An 8.1k sf retail property in Pasadena was purchased by a private foreign investor for $5.18 mil ($639/sf), in an all-cash deal. The property is located at 777 S. Arroyo Pkwy, only a few blocks away from Old Town Pasadena, a ...
| Exchange Investor Spends Over $900/sf for AZ Retail Asset
An 8.4k sf, multi-tenant retail property in Glendale, AZ sold for $7.6 mil, or $905/sf. Situated on 1.37 acres at 7870 W. Bell Rd, the asset is 100% leased by four tenants – The Habit Burger Grill, Tempur-Pedic, Pearle Vision...
| Fry’s Food & Drug-Anchored Retail Center in Arizona Trades Hands
Laveen Village Marketplace, a 39.8k sf retail center in Laveen, AZ, was acquired by an unnamed investor. The Fry’s Food & Drug-anchored center was sold by Houston-based Weingarten Realty Investors.
Laveen Village Marketplac...
| TX Retail Center Picked Up for $20 Mil Local Exchange Investor
Nooner Holdings Ltd, a private 1031 exchange investor based in Texas, purchased The Shops at Abilene Village, a 145k sf retail center in Abilene, TX, for $20.1 mil ($138/sf).
The Shops at Abilene Village is fully occupied a...
| Vestar Buys 165k sf AZ Retail Center
Vestar purchased University Plaza, a 165.6k sf shopping center located in the heart of Flagstaff, AZ. The property traded for $27.5 mil, or $166/sf.
University Plaza is ideally located across the street from Northern Arizona...