| San Diego Retail Center Sells in Two Deals Totaling $41.6 Mil
Shops at Palm Promenade, a 72.4k sf retail center in San Diego, traded hands for $41.6 mil in two separate transactions. The property is located at 756, 760, 762, 764, 780 and 804 Dennery Rd, east of I-805 and south of Palm A...
| Canadian Buyer Spends $40 Mil on AZ Retail Center
Laveen Park Place, a Class A, 109.2k sf retail shopping center in the Phoenix metro area, was acquired for $40.3 mil ($369/sf) by Tradewinds Capital LP, a private investor out of Alberta, Canada. The seller was LB 59th LLC, a...
| Sale of Ground Lease for Single-Tenant Retail Property in Alhambra Closes at 3.75% Cap Rate
The ground lease for a 4k sf, single-tenant property occupied by Raising Cane’s Chicken Fingers in Alhambra has traded hands in a deal worth $8.2 mil. At a 3.75% cap rate, the sale broke a record for the lowest cap rate for a...
| MCA Realty Spends $12.4 Mil on AZ Retail Center
MCA Realty has purchased Hillside Sedona Shopping Center, a 35k sf retail center in Sedona, AZ, for $12.45 mil ($355/sf) in an off-market deal. The buy represents MCA Realty’s first acquisition in the Sedona submarket.
| Investor Spends $19 Mil on Portion of Arizona Retail Center
A SoCal investor paid $18.9 mil for a 67.7k sf portion of Greenfield Gateway, a 349.1k sf ($279/sf) retail shopping center located at the southwest corner of Greenfield Rd and US Hwy 60 in Mesa, AZ. Greenfield Gateway is co-a...
| San Diego Retail Center Trades in $10.5 Mil Deal
Mesa College Square, a 25.4k sf multi-tenant retail center in San Diego, traded in a $10.5 mil ($413/sf) transaction. The property is located at 7604-7608 and 7612 Linda Vista Rd.
The center sits on the highly trafficked cor...
| Fitness 19 Leases 20k sf Inland Empire Retail Space
Fitness 19 has leased a 20.1k sf space in the Stater Bros-anchored Loma Linda Plaza in the Inland Empire city of Loma Linda. The property is located at 25586 Barton Rd, south of I-10 and east of I-215, next to the Veterans Ad...
| Three Retail Properties in the Inland Empire Sold for $17.3 Mil
Three retail properties that are outparcels to French Valley Marketplace in French Valley, CA traded hands in a recent $17.3 mil deal. The three properties total 32.7k sf of space and include a Grocery Outlet, a Rite Aid, and...
| Avison Young Awarded Assignment for Office Space in San Francisco Portfolio
Grosvenor has awarded Avison Young the leasing assignment for office space within a portfolio of four boutique, mixed-use properties located in San Francisco’s Union Square. Totaling just over 133k sf, the high-quality, offic...
| Kalaveras Buys 8.9k sf Inland Empire Restaurant Property
Kalaveras, a SoCal-based Mexican restaurant chain, has purchased a fully equipped restaurant in Moreno Valley for $2.785 mil. The 8.9k sf ($313/sf) building, located at 23060 Alessandro Blvd, was previously home to a Woody’s ...
| Lancaster Shopping Center Gets New Owner in $45 Mil Transaction
Valley Central, a 375.5k sf community shopping center in Lancaster traded for $45.25 mil, or $120/sf. The property, located at 44400 Valley Central Way, spans over 35 acres with 17 different entry drives.
The property is pa...
| New Mexico Retail Property Gets New Owner in $7.5 Mil Deal
Valencia Y Shopping Center, a 51.9k sf shopping center in Los Lunas, NM, traded for $7.5 mil, or $145/sf, in an all-cash 1031 exchange deal.
Located at 2150-2520 Main Street NE in Las Lunas, Valencia Y Shopping Center is sit...
| Private Investor Pays $463/sf for Riverside Retail Property
A 10.4k sf, neighborhood retail shopping center in Riverside traded hands for $4.825 mil, or $463/sf. The property, Centerpointe Plaza, is located at 3225 Market St, at the intersection of Riverside's primary thoroughfares: M...
| Texas Single-Tenant Retail Ground Lease Trades Between Dallas Investors
A Dallas-based private investor purchased the ground-lease of a single-tenant retail property occupied by Salad and Go, a gourmet salad drive-thru restaurant chain, in Mesquite, TX. Located at 1950 N. Town East Blvd, the 800 ...
| SBH Real Estate Group Sells Trio of SoCal Properties in Deals Totaling $15 Mil
SBH Real Estate Group, led by Eric Silverman, recently sold three SoCal retail sites in separate deals totaling roughly $15 mil. The properties are in Covina and Gardena.
In Covina, SBH sold a 22k sf site located at 1477 N. ...
| NY Investor Pays $869/sf for New LA Area Retail Property Pre-Leased to Target
A New York-based private investor paid $48.7 mil for a 56k sf ($869/sf), freestanding retail property in Huntington Park. The property, located at 5731 Bickett St, is expected to be completed by developer Shane Companies in J...
| Neighborhood Center in Whittier Goes for $277/sf
Desert Capital Ventures purchased La Pico Plaza, a 20.9k sf, Circle K-anchored neighborhood center in Whittier, for $5.8 mil ($277.50/sf) in an all-cash exchange transaction. The property, located at 9150 Painter Ave, was 100...
| NewMark Merrill Companies Ready to Break Ground on 96k sf Inland Empire Shopping Center
There are currently 18 businesses slated to take space at Rialto Village, a 96k sf shopping center development breaking ground this month at the southwest corner of San Bernardino Ave and Riverside Ave in the Inland Empire ci...
| San Diego Planet Fitness Property Sells for $479/sf
A SoCal-based family partnership paid $8.15 mil for a 17k sf ($479/sf), single-tenant property occupied by Planet Fitness in San Diego, in an all-cash deal. At a 4.90% cap rate, the sale broke a national record for the lowest...
| Private Investor Exchanges into $45 Mil Seattle Area Retail Buy
Lynnwood Crossroads, a 103.1k sf, dominant grocery-anchored shopping center in the Seattle suburb of Lynnwood, WA, traded in a $45 mil ($436/sf) deal. The buyer was Sakioka Farms, a privately held, high-net-worth family offi...