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• Ventura County Retail Center Lands $24 Mil Refi
5/25/22
Village at Moorpark, a 129k sf suburban retail center in the Ventura County city of Moorpark, was just refinanced by its private investor owner with a new loan for $24 mil. The refi was arranged by Gantry.
The property, loc...
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• Red Mountain Group Closes $42 Mil Retail Buy in the Inland Empire
5/17/22
In a SoCal retail buy, Red Mountain Group purchased Country Fair Shopping Center, a 168.3k sf, multi-tenant neighborhood shopping center in Chino, for $42.25 mil, or $251/sf. The property was sold by a publicly traded real es...
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• Arizona Retail Center Goes for $14 Mil
5/17/22
Coldwater Plaza, an 80.6k sf retail center shadow-anchored by Home Depot and Sam’s Club and located in Avondale, AZ, traded for $14 mil, or $174/sf. The property was sold by the original developer, WM Grace Companies, who bui...
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• CenterSquare Investment Management Picks Up 44k sf Sacramento Area Retail Center
5/16/22
CenterSquare Investment Management paid $17.25 mil for Waterman Grove Plaza, a 44.1k sf ($391/sf), value-add retail strip center in the growing Sacramento-area community of Elk Grove. The property was sold by Pacific Castle M...
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• Vestar and DMB Development to Build Retail Development as Part of Buckeye, AZ Master-Planned Community
5/12/22
Vestar has teamed up with DMB Development, the master developer of Verrado, an 8,800-acre master-planned community, to create a dynamic retail center at the front door of the Verrado community in Buckeye, AZ.
The retail deve...
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• South OC Retail Center Trades for Over $400/sf
5/09/22
La Paz Village, a 54.6k sf neighborhood shopping center in Laguna Hills, traded for $23.5 mil, or $430/sf. The center opened in 1974 and was refurbished in 2012. The tenant roster reflects the everyday living needs of the com...
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• Inland Empire Strip Center Gets New Owner in Private Investor Exchange Deal
5/05/22
In a retail sales comp from the Inland Empire, Golden Sands Plaza, a 10.1k sf property in San Bernardino, sold for $1.1 mil, or $109/sf. The property, located at 1090 W Highland Ave, is considered a value-add opportunity.
Bu...
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• Ground Lease for Two-Restaurant Property in San Luis Obispo Sells for Over $3.7 Mil
5/02/22
The ground lease (land ownership) of a 3.6k sf, two-tenant, two-building property in San Luis Obispo traded in a recent $3.725 mil transaction. We’re told this sale sets a record-low cap rate of 4.84% and highest price per sq...
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• Washington Power Center Goes for Over $18 Mil
4/28/22
Transnational Management paid $18.4 mil for Skagit Valley Square, a 166.8k sf ($110/sf) retail power center in Mount Vernon, WA. The property, located at 102-310 East College Way, adjacent to Interstate 5 and approximately 25...
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• Epic Real Estate Partners Buys Arizona Retail Center
4/26/22
Mesa Shores, a 110.9k sf retail center anchored by Trader Joe’s, Sprouts Farmers Market and EOS Fitness in the Phoenix-area community of Mesa, was acquired by Epic Real Estate Partners. The price was not disclosed.
Originall...
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• Tower Investments Pays $124.5 Mil for Nut Tree Retail Center in Vacaville
4/25/22
Nut Tree, a 370.1k sf Best Buy, T.J. Maxx, Nordstrom Rack-anchored regional center located in Vacaville, was acquired by NoCal-based Tower Investments for $124.5 mil, or $336/sf.
Located at 1621 E. Monte Vista Ave, Nut Tre...
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• Local Investor Closes $25 Mil Exchange into Texas Shopping Center
4/22/22
A Texas-based 1031 exchange investor paid $25 mil for Northcrest Village, a 136.1k sf ($184/sf) shopping center in Carrollton, TX. The property, located at 3044 Old Denton Rd, was sold by an Oklahoma-based developer.
Northc...
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• BH Properties Buys 245k sf Texas Retail Center
4/20/22
LA-based BH Properties has acquired Round Rock Crossing, a 245.6k sf strip retail center in the Round Rock suburb of Austin, TX. Built from 2004 to 2006, the eight-building property is located within a major retail corridor i...
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• Inland Empire Retail Property Goes to L.A. Buyer after $10 Mil Trade
4/19/22
World Plaza, a 55.8k sf, multi-tenant retail property in San Bernardino, was acquired by an L.A.-based private investor for $10 mil, or $179/sf. The seller was Presidio Property Trust Inc, an internally managed, diversified r...
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• Private Investor Pays Over $600/sf for Torrance Retail Property
4/14/22
Pacific Plaza, a 28k sf, neighborhood retail center in Torrance, was purchased by a private investor in a $16.9 mil ($604/sf) transaction. The multi-tenant property, located at 2382, 2390 and 2396 Crenshaw Blvd, includes a me...
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• Nordstrom Rack Inks Anchor Lease at Riverside Retail Center
4/11/22
Nordstrom Rack inked a lease for a 30k sf anchor space at the 183k sf Canyon Springs Marketplace in Riverside. The center, located at 2660 Canyon Springs Pkwy, already includes such retailers as Marshalls, Old Navy, Petco, Bi...
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• Vegas Mixed-User Purchased by 3D Investments LLC in $216 Mil Transaction
4/06/22
Beverly Hills-based 3D Investments LLC acquired Tivoli Village, a 669.4k sf, Class A open-air mixed-use project in Las Vegas, for $216 mil. The purchase includes an additional 8.29-acre development site. The property was sold...
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• Grocery-Anchored Retail Property in Hemet Sells in $14 Mil Deal
4/01/22
A CA-based private investor paid $13.95 mil for Ramona Plaza, a 102.5k sf ($136/sf) retail center in Hemet. Built in 1974, the property sits on 6.41 acres at 1300-1480 E. Florida Ave. Ramona Plaza is located at the highly tra...
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• Presidio Bay Closes $72 Mil Bay Area Retail Buy
3/31/22
San Francisco-based Presidio Bay closed on the purchase of Charleston Plaza, a five-building retail center totaling 132.6k sf of space in both Palo Alto and Mountain View, CA. The property, situated on an 11-acre site at 2400...
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• Latest Signing Brings Office and Retail Components of 1.9 msf AZ Mixed-Use Development to Fully Leased
3/30/22
Three Thirty Three has signed a lease for the last remaining retail vacancy at Watermark Tempe, a mixed-use development totaling 1.9 msf in Tempe, AZ. Built in 2020, the project’s 44k sf retail component and 265k sf, Class A...
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