| Brixton Capital to Redevelop 500k sf Sherwood Mall in Stockton
Brixton Capital will redevelop Sherwood Mall, a 511.2k sf shopping, dining and entertainment center in Stockton, CA, which originally opened in 1979. The redevelopment will be the future home of specialty grocer Sprouts Farme...
| Retail Strip Center in El Cajon Purchased at $950/sf Price
Fletcher Marketplace, a fully leased, 12k sf retail strip center in the San Diego-area community of El Cajon, sold for $11.4 mil ($950/sf). SoCal-based Brixton Capital LP sold the property to a private investor.
| New Santa Rosa 7-Eleven Trades for $8 Mil in record deal
A private investor based in El Dorado Hills has purchased a brand-new construction, single-tenant net-leased investment occupied by 7-Eleven with a gas station in Santa Rosa, in an $8 mil ($2,667/sf) pre-sale transaction. The...
| Hong Kong Buyer Pays $427/sf for San Gabriel Retail Property
A 25.5k sf, three-tenant, grocery-anchored retail center in San Gabriel traded in a $10.9 mil ($427/sf) transaction. The fully occupied asset is located at 7260 Rosemead Blvd.
The center is anchored by Grocery Outlet, which ...
| Grocery-Anchored Retail Center in Las Vegas Trades for $63.75 Mil
Rainbow Plaza, a 260k sf, dual grocery-anchored shopping center located in Las Vegas, sold for $63.75 mil ($245/sf).
The property is located on the corner of Rainbow Ave and Charleston Blvd, seven miles northwest of the Las...
| Fully Occupied Retail Property in Woodland Park, CO Sells for Over $10 Mil
Gold Hill Shopping Center, a 48k sf, multi-tenant retail center on 3.73 acres in Woodland Park, CO, sold for $10.25 mil, or $214/sf. The property was 100% occupied at the time of the sale and included City Market, Wendy’s and...
| Phoenix Retail Asset Trades for $41.6 Mil
Arcadia Fiesta, a 154.4k sf retail shopping center located at the southwest corner of 32nd St and Indian School Rd in Phoenix, sold for $41.65 mil ($270/sf). The asset was acquired by an entity formed by Edmonton, Alberta-bas...
| Tooley Interests Picks Up 59k sf Grocery-Anchored Center in Carlsbad
Tooley Interests LLC paid $23.5 mil for Carlsbad Village Plaza, a 58.7k sf ($400/sf) retail center anchored by Smart & Final Extra! in Carlsbad. The asset was sold by Balboa Retail Partners.
As one of only two grocery-ancho...
| Grocery Outlet Takes 21k sf Space at La Quinta Retail Center
Grocery Outlet inked a 10-year lease of a 21k sf space at La Quinta Village Shopping Center, located at Washington St and Calle Tampico in the city of La Quinta. The lease value was not disclosed.
La Quinta Village Shopping ...
| Colorado Retail Center Sells for $12 Mil
Alameda Crossing Shopping Center, an 82.6k sf retail asset in Lakewood, CO, sold for $12 mil ($145/sf). The center, located at 105,145 and 245 S. Sheridan Blvd, is roughly 90% leased to a strong tenancy of more than 20 local ...
| Single-Tenant Walgreens in Lake Elsinore Sells for $10.5 Mil
In a recent single-tenant investment buy in Lake Elsinore, a 13.7k sf, net-leased building occupied by Walgreens sold for $10.5 mil, or $766/sf. Built in 2011, the building is situated on 1.36 acres at 160 Diamond Dr, at the ...
| Corona Lifestyle Center Gets New Owner in $47 Mil Transaction
The Shops at Dos Lagos, a 351.2k sf lifestyle shopping center in Corona, was acquired by Barret Woods & OERP LLC in a recent $47.375 mil ($135/sf) transaction. Built in 2006, the property is located at 2780 Cabot Dr, within t...
| Sacramento Retail Center Picked Up by Phillips Edison & Company
Phillips Edison & Company Inc acquired Town & Country Village, a 216.3k sf, dual grocery-anchored community center in Sacramento. A price was not given out.
Anchored by Trader Joe’s and Sprouts Farmers Market, the 91%-leased...
| Investors Pick-Up Adjacent Properties in Cupertino
Two adjacent properties in Cupertino, one office and the other retail, traded hands. Together the properties comprise just over 2.5 acres along De Anza Blvd, next to the Infinite Loop campus of a global tech company.
| Gart Opportunity Fund Spends $10.8 Mil on Denver Area Retail Asset
Denver-based Gart Opportunity Fund LLC paid $10.8 mil for a 35.6k sf, multi-tenant retail center situated within Arvada Ridge Market Place in Arvada, CO. The West Denver property consists of three single-story retail building...
| Gilbert, AZ Retail Property Sells for $435/sf
Centre at Higley-Williams Field, a 12.2k sf retail center in Gilbert, AZ, sold for $5.315 mil ($435/sf). Built in 2004, the Centre at Higley - Williams Field is located at 2473 S Higley Rd.
The Centre at Higley - Williams Fi...
| Walmart-Anchored Retail Center in Vegas Trades for $42.5 Mil
Rainbow Springs Shopping Center, a 364.2k sf, Walmart-anchored retail center in Las Vegas, sold for $42.5 mil ($117/sf). The property traded between private investors.
Besides Walmart, Rainbow Springs Shopping Center is also...
| Pad Building in Pico Rivera Goes for $6.3 Mil
A recently renovated, two-tenant retail pad totaling 7.3k sf at Pico Rivera Plaza sold for $6.32 mil ($866/sf). The asset, net-leased to credit-worthy tenants, was sold by Paragon Commercial Group.
The property is an outparc...
| Phoenix Power Center Trades in $65 Mil Deal
Arcadia Crossing, a 453.5k sf, grocery-anchored power center in Phoenix, was acquired by a Denver-based investment entity in a recent, $65.8 mil ($145/sf) transaction. The property, located at 44th Street & Thomas Rd, was sol...
| Brick and Mortar Sales Expected to Surge this Holiday Season
This report was provided by CBRE
More consumers will return to brick-and-mortar stores for annual gift purchases this holiday season, with in-store sales expected to jump significantly compared to 2020. Faced with the prospe...