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• Tucson Lifestyle Center is Acquired in $165 Mil Transaction
9/27/21
La Encantada, a 246.3k sf, open-air lifestyle center in Tucson, is under new ownership after being acquired by a group of local investors in a transaction valued at $165.25 mil ($671/sf). The deal was financed with a new loan...
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• Fully Occupied Arizona Retail Center Trades for $5 Mil
9/24/21
Grand Village Center, a 25.7k sf retail center in Surprise, AZ, sold for $5 mil ($195/sf). The property was sold by Boros Investments.
Grand Village Center is a 100%-occupied, eight-tenant retail center located on 4.44 acres...
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• Developer Picks Up 32-Acre Parcel in the Austin, TX Area
9/23/21
Juliet Five LLC purchased a 32-acre land parcel located at 1635 E Hwy 290 in Dripping Springs, TX, 20 minutes west of downtown Austin. The firm is planning to develop a mixed-use project incorporating retail, commercial and m...
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• Private Investor from L.A. Buys Merced County Shopping Center
9/22/21
A Los Angeles-based private investor acquired Atwater Marketplace, a 100%-occupied, 96.2k sf shopping center anchored by Save Mart Supermarkets and CVS Pharmacy in Merced County, CA. The purchase price was not disclosed.
Bui...
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• Colton Commercial Property Trades for $187/sf
9/21/21
A SoCal-based 1031 exchange private investor paid $8.8 mil for Los Compadres Plaza, a 47k sf ($187/sf) commercial center in Colton. The property, located at 1035 S. Vernon Ave, is less than a ¼ mile from the I-215 Fwy and dir...
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• Bay Area Investor Buys Multi-Tenant Retail Property in Arizona
9/20/21
A 24.1k sf, Class A, multi-tenant retail shop building in Gilbert, AZ sold for $6.1 mil ($253/sf). The building, known as Western Skies, is located at 1534 E Ray Rd and is 100% leased to nine tenants across a variety of uses ...
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• Three Assets at AZ Retail Center Traded in Separate Deals Totaling $14 Mil
9/15/21
Three retail assets at Gilbert Crossroads in Phoenix sold to three separate investors in deals with a combined total of $13.9 mil. Located at the busy intersection of Gilbert Road and Warner Road, Gilbert Crossroads is ideall...
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• Benderson Development Buys Two Tracts of Ground-Leased Land in New Mexico
9/15/21
Benderson Development has purchased two tracts of land ground-leased to Plaza Santa Fe, a 450k sf grocery-anchored power center in Santa Fe, NM. The seller was Truzaf L.P., the original landowner and developer of the project...
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• Shopping Center in South Orange County Sells for $5.7 Mil
9/09/21
Lake Forest Center, a 17.2k sf shopping center in Lake Forest, sold for $5.7 mil, or $330/sf. The buyer was a private investor based out of the state of Maryland.
Lake Forest Center is located 20761 Lake Forest Dr, surrounde...
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• Barstow Raising Cane’s Trades at a 4.3% Cap Rate
9/07/21
A Los Angeles-based 1031 exchange investor paid $5.49 mil for the ground lease purchase of a 3.3k sf retail property occupied by Raising Cane’s in Barstow. The asset, located at 2620 Fisher Blvd, traded at a cap rate of 4.3%,...
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• 32-Acre Texas Site Purchased for Development of a Mixed-Use Project
9/07/21
Juliet Five LLC purchased a 32-acre land parcel located at 1635 E Hwy 290 in Dripping Springs, TX, 20 minutes west of downtown Austin. The buyer intends to use the property to develop a mixed-use project incorporating retail,...
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• Single-Tenant OC Valvoline Oil Change Property Trades for Over $3,400/sf
8/31/21
A 902 sf, single-tenant, freestanding retail property occupied by a Valvoline oil change store in Costa Mesa has sold for $3.109 mil. The transaction works out of $3,454/sf in a deal we’re told marks the highest recorded pric...
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• Tourmaline Capital Pays Almost $500/sf for Long Beach Retail Strip Center
8/26/21
Tourmaline Capital paid $16.2 mil for Marina Center, a 32.8k sf ($494/sf) retail strip center along the Pacific Coast Highway in Long Beach. The asset was sold by a private investor who owned the property for over 23 years.
...
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• DWS Makes $67 Mil Bay Area Retail Buy
8/25/21
DWS has closed on the purchase of Hamilton Marketplace, a 90.7k sf shopping center in the Bay Area city of Novato. The property was sold by Grosvenor Americas in a deal sources say was valued at about $67 mil ($739/sf).
Hami...
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• Pasadena Storefront Property Sells for $580/sf
8/23/21
A 5.6k sf, storefront retail property in Pasadena sold for $3.25 mil, or $580/sf. The buyer was Saber Vertex 980 Corporate Center Drive LLC.
The property is located at 34 E Holly St, in a highly sought after prime commercial...
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• Canada-Based Investor Buys 58k sf AZ Retail Center
8/20/21
Longbow Marketplace, a 58.3k sf, Sprouts-anchored retail center in Mesa, AZ, was purchased a Canada-based private family investor group. The deal was financed with a $17 mil acquisition loan.
Located at 5918 E. Longbow Pkwy,...
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• Salt Lake City Neighborhood Center Sold for $51 Mil
8/19/21
Foothill Village, a 270k sf, neighborhood retail center in Salt Lake City, was purchased by Charlotte, NC-based Asana Partners in a $51 mil ($189/sf) deal. The seller was JTJG Foothill LLC, a group of local investors.
Locate...
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• Brilliant Earth Brightens Up New Union Square Development with Retail Lease
8/18/21
Brilliant Earth, a leading global retailer of ethically sourced bridal and fine jewelry, has taken the entire third floor at 300 Grant, a new office/retail development in San Francisco’s Union Square. Brilliant Earth will use...
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• Irvine Mixed-Use Campus Signs a Life Time Tenant
8/17/21
Life Time has inked a 90k sf, full building lease at Lakeshore, a modern 900k sf Class A mixed-use office and retail campus in Irvine. The deal, at 18007 Von Karman Ave, also includes 24k sf of exclusive outdoor space.
Lif...
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• InvenTrust Properties Corp to Start Renovation Work at 434k sf Cypress, TX Shopping Center
8/17/21
InvenTrust Properties Corp (IVT) is about to begin a major renovation of Cyfair Town Center, a 433.7k sf shopping center in Cypress, TX. The center, anchored by Kroger, JC Penney and Cinemark, is located at the intersection o...
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