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September 22, 2018
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RETAIL NEWS
Archive
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• Sherman Oaks Retail Building Sells for Over $600/sf
7/24/18
In a recent San Fernando Valley retail comp, a 4k sf, multi-tenant building in the southern Valley community of Sherman Oaks sold for $2.55 mil, or $641/sf. The property, located at 4325-4329 Woodman Ave, was sold by Hadle2, ...
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• Retail Center in Downtown Prescott, AZ Changes Hands
7/24/18
Hannay Realty Advisors purchased Bashford Courts Atrium Mall, a 33k sf retail center in Prescott, AZ, for $4.95 mil ($150/sf). The property is located at 130 W. Gurley St in the city’s Downtown Historic Courthouse Square. B...
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•  AZ Black Rock Coffee Bar Building Sells for $1,200/sf
7/23/18
A 1.4k sf, stand-alone retail/restaurant building in Mesa, AZ that is fully occupied by Black Rock Coffee Bar sold for $1.7 mil, or $1,214/sf. The transaction represents the first sale of a Black Rock-occupied building since ...
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• Nike Leases 4.6k sf Store in West Hollywood
7/20/18
Nike inked a lease for a 4.6k sf store in the heart of the Melrose shopping district, for their first Nike Live concept store in Los Angeles. The new store is at 8552 Melrose Ave, on the corner with Westmount Dr in West Holly...
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• Out of State Investor Pays $600/sf for CO Multi-Tenant Retail Asset
7/19/18
A private investor from Florida paid $3.25 mil for a new construction, freestanding, multi-tenant retail building in Westminster, CO. The 5.4k sf ($602/sf), three-tenant building, located at 13591 Huron St, includes a Dunkin’...
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• Grocery Chain ALDI Signs Lease for New Store in Mira Mesa
7/19/18
Grocery chain ALDI has inked a deal for a 20.2k sf supermarket in Mira Mesa’s Plaza Sorrento, opening in the fall of 2018. Terms of the lease were not disclosed. ALDI will be the grocery anchor at the project, which is locat...
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• Buyer Pays $344/sf for Highland Smart & Final Extra!
7/18/18
A 27.3k sf Smart & Final Extra! in Highland sold for $9.475 mil, or $344/sf. The deal closed at a cap rate of 5.4%. The property, located at 27550 Base Line St, is a freestanding single-tenant general retail supermarket cons...
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• Big-O Tires Store in OC Trades at 4.46% Cap Rate
7/18/18
A San Francisco-based private investor paid $2.8 mil for a 3.4k sf, auto-related, NNN investment in the city of Orange. The deal for the Big-O Tires store came in at a cap rate of 4.46%. Originally built in 1969 on .29 acres...
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• Investor spends $8.7 Mil on Four Retail Pad Buildings in Visalia
7/17/18
The Shops at Visalia Pavilion, a four-building, 33k sf retail asset in Visalia, sold for $8.75 mil ($265/sf). The property, located at 3833, 3837, 3927, 4015 West Caldwell Ave, consists of four, multi-tenant pad buildings wi...
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• AZ Retail Center Fetches $16.6 Mil
7/12/18
Plaza at Power Marketplace, a 71k sf shopping center in Queen Creek, AZ sold for $16.6 mil ($234/sf). The property is located at 7225 S. Power Rd and 18490-18550 E. Rittenhouse Rd, near the Arizona State University Polytechni...
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• Fairborne Properties Buys 358k sf NoCal Retail Center
7/12/18
The Streets of Brentwood, a 358.6k sf, grocery-and theatre-anchored lifestyle center located in the San Francisco Bay Area, was acquired by Fairborne Properties. The center includes a 14-screen AMC Theatre, DSW, ULTA and a ne...
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• Merlone Geier Partners Buys 281k sf Retail Center in Simi Valley
7/11/18
Mountaingate Plaza, a 281.2k sf, value-add shopping center in Simi Valley was acquired by Merlone Geier Partners. The asset, anchored by Valley Marketplace, Rite Aid, 99 Cents Only and dd’s Discounts (Ross Stores), was sold b...
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• Investor Pays $1,364/sf for NNN, Single-Tenant Retail Asset in Perris
7/11/18
A newly constructed, 2.1k sf single-tenant retail property in the Inland Empire city of Perris was purchased for $2.81 mil by a private investor out of Los Angeles. The deal came in at a price of $1,364/sf and a cap rate of 4...
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• SoCal Investors Pick Up Retail Assets in Separate San Bernardino Buys
7/10/18
Two retail buildings at University Town Center in San Bernardino sold for a combined price of $3.7 mil. The well-established center is located in a highly desirable college neighborhood less than a mile from Cal State Univers...
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• Recently Redeveloped Glendora Retail Center Trades Hands
7/06/18
Grand & Alosta, a newly redeveloped 70.8k sf grocery-anchored retail center in Glendora was acquired by 655 South Grand Avenue Owner LLC. The property was sold by Champion Real Estate Company, who redeveloped the 85.6k sf str...
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• Albanese Cormier Holdings Buys 105k sf Retail Property in Texas
7/05/18
Albanese Cormier Holdings recently purchased Renaissance Square, a Class A, 105.6k sf regional shopping center in Fort Worth, TX. Built in 2014 on 20.67 acres, the center is located at 2700 Renaissance Dr and is shadow-anchor...
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• Investors Trade Phoenix Area Retail Property in Deal Worth about $10 Mil
7/03/18
A CA-based investor paid $9.8 mil for a 55.3k sf ($177/sf), retail property in the Phoenix area that is NNN-leased by Safeway. Built in 2008, the property is situated on 6.27 acres of land at 5035 W. Baseline Rd in Laveen Vil...
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• Champion Real Estate Company Sells Retail Property in Glendora
6/27/18
Grand & Alosta, a newly redeveloped, 70.8k sf grocery anchored retail center in the northeastern San Gabriel Valley city of Glendora, was purchased by 655 South Grand Avenue Owner LLC. The property was sold by Champion Real E...
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• Investor Pays $92/sf for Chandler, AZ Retail Building
6/27/18
SoCal-based Slater Avenue II LP paid $11.2 mil for Ocotillo Plaza, a redeveloped retail building situated in Chandler, AZ. The 121.8k sf ($92/sf) property is located at 2880 S. Alma School Rd, on the northwest corner of Queen...
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• Dierks Bentley’s Whiskey Row Sells for $587/sf
6/27/18
Dierks Bentley’s Whiskey Row, a 13.8k sf restaurant/bar property in Gilbert, AZ, sold for $8.1 mil ($587/sf). Dierks Bentley’s Whiskey Row will continue to operate with a long term lease in place. Completed in 2017, the Die...
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