| Arcadia Mixed-Use Property Sells for $39 Mil
A private investor from Taiwan paid $39.2 mil in cash for a mixed-use residential and retail property in Arcadia. The property, located at 57 Wheeler Ave, is one of the few mixed-use projects in the City of Arcadia that has t...
| Investors Trade Hemet Retail Asset for $9.5 Mil
Shops at KPC Towne Centre, a three-building, 20.2k sf retail property in Hemet, was acquired by a Los Angeles-based private investor for $9.55 mil ($473/sf). The fully occupied center sits on two acres at 2375 – 2465 W. Flori...
| Inland Empire Raising Cane’s Trades for $2,000/sf
A San Diego-based high net worth investor based investor purchased a 4.1k sf, Raising Cane’s Chicken Fingers-occupied property in San Bernardino for $8.2 mil in an all-cash deal. We’re told that the sale, which works out to $...
| Commercial Financing Briefs
CBRE - Bill Chiles, Scott Peterson and Morgon Fraser of CBRE’s debt and structured finance arranged a $47.6 mil loan for the construction of Geo Queen Anne, a 168-unit multifamily community in Seattle, on behalf of the owner ...
| Ontario Starbucks Trades for almost $2,000/sf
A 2.4k sf, single-tenant retail property occupied by Starbucks in Ontario was acquired by Truman Johnson Inc in a $4.7 mil ($1,958/sf) deal. The property, located at 511 N Euclid Ave, was sold by a CA-based private investor.
| ARCO and AM/PM Property in Apple Valley Sells for $5.6 Mil
A free-standing ARCO Gas Station and AM/PM Convenience Store in Apple Valley traded hands for $5.65 mil. Built in 1998, the property is located at 15333 Rancherias Rd, at the signalized intersection of Rancherias Rd and US Hw...
| Citivest Commercial Investments LLC and Sage Investco Join Forces in Montana Retail Buy
Citivest Commercial Investments LLC and Sage Investco have acquired a 117k sf, former department store building in Helena, MT. The asset also includes two pad development opportunities, with one ground lease finalized and ano...
| Warner Center Retail Property with Redevelopment Potential Trades for $9 Mil
A private investor paid $9.05 mil for a 1.5-acre shopping center with future potential for mixed-use multifamily redevelopment in the Warner Center district of Canoga Park. Located at 21161 Victory Blvd, the property currentl...
| Two SoCal Single-Tenant Pharmacy Properties Trade in Deals Totaling Near $20 Mil
Here’s the scoop on two recent SoCal single-tenant retail sales totaling just under $20 mil. The buildings traded are NNN-leased to Rite Aid and Walgreens, demonstrating investor appetite for durable, well-located assets with...
| Fully Leased Retail Building in Goodyear, AZ Purchased in $5 Mil Transaction
A 12.6k sf, 100% leased multi-tenant retail property in Goodyear, AZ sold for $5.12 mil ($406/sf). The freestanding building, located at 790 N Estrella Pkwy, is anchored by a national paint store along with other regional and...
| Huntington Beach Walgreens Sells for $950/sf
An 11.8k sf, single-tenant retail building triple net leased to Walgreens on a long-term basis in the coastal Orange County market of Huntington Beach traded for $11.29 mil ($957/sf). The property was sold by Stanford Hotels ...
| BH Properties Acquires Vacant Big Box Retal Building in Texas
BH Properties has acquired a vacant, 103k sf big box anchor building located within the 665k sf Valle Vista Mall in the Rio Grande Valley city of Harlingen, TX.
Built in 1983, the building was formerly occupied as a Clear...
| Vestar to Develop Trio of New Phoenix Area Retail Centers
Vestar has plans to develop three new Phoenix retail centers — Queen Creek Crossing, Vineyard Towne Center and The Shops at Lake Pleasant. The projects total over 650k sf of retail space at a combined development cost of near...
| SimonCRE Picks Up AZ Retail Center for $17.6 Mil
SimonCRE, an Arizona-based real estate development and investment company, acquired Mesa Ranch Plaza, a 204.5k sf retail property in Mesa, AZ, for $17.6 mil in an all-cash deal.
Mesa Ranch Plaza, located at 1008-1142 E. Sout...
| LA Fitness Inks Deal for New Location in Long Beach
LA Fitness has inked a lease for a 34k sf space at Marina Pacifica Shopping Center, a 297k sf retail center owned by NewMark Merrill Companies in Long Beach. LA Fitness is set to open in the former Best Buy space.
| JH Real Estate Partners Buys 225k sf Ontario Gateway Shopping Center
Ontario Gateway, a 225.7k sf, fully-occupied, grocery-anchored shopping center in Ontario, sold for $40.5 mil ($179/sf). The property was purchased by JH Real Estate Partners.
Ontario Gateway is a 100%-occupied, multi-tenant...
| Bay Area Grocery Outlet Property Trades in $6.7 Mil Deal
A 1031 exchange investor out of Los Angeles paid $6.715 mil for a 33.6k sf ($200/sf) retail property in Fairfield, CA. The property, located at 200 Travis Blvd, is fully occupied by Grocery Outlet.
Built in 1977, the propert...
| Brixton Capital Buys 188k sf Inland Empire Shopping Center
SoCal-based Brixton Capital bought Marketplace Beaumont, a 187.9k sf shopping center in the Inland Empire city of Beaumont, for $37.5 mil ($200/sf). The seller was a private family trust who originally developed the center.
| Trio of LA-Area Single-Tenant Sales Total Up Over $100 Mil
Three high-profile, single-tenant retail properties in the Greater Los Angeles area traded hands in separate deals totaling over $100 mil. The transactions included a Hone Depot, an Amazon Fresh facility and a Chick-Fil-A.
| New Sprouts Farmers Market Completed in Maricopa, AZ
Work has been finished on construction of a new, 23k sf Sprouts Farmers Market store located in Maricopa, AZ. While the newly constructed store is the brand’s 356th in the country, it is the first Sprouts in Maricopa and the ...