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• California Investor Buys Arizona Retail Center in $3 Mil Deal
6/29/22
Fletcher Heights Plaza, a 15.4k sf, multi-tenant retail property in Peoria, AZ, sold for $3 mil ($195/sf). The property, located at 8267-8279 W Lake Pkwy, is a part of a larger project that includes two additional strip cente...
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• Tri-Western Syndicated Investments Spent $32.7 Mil on Washington Retail Property
6/29/22
Tri-Western Syndicated Investments paid $32.7 mil for Alderwood Towne Center, a 105.4k sf ($310/sf) retail center in Lynnwood, WA. Tri-Western is a Bellevue-based private holding company controlled by the Radford family.
Lo...
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• Single-Tenant Walgreens in Tehachapi Sells for $438/sf
6/28/22
A 14.6k sf, single-tenant net-leased investment occupied by Walgreens in Tehachapi traded for $6.4 mil, or $438/sf. Built in 2003, the Walgreens building features a drive-thru.
The property is located on 1.66 acres at 1091 ...
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• Bay Area Retail Center Gets New Owner in $20 Mil Sale
6/27/22
Village Shopping Center, a 67.2k sf, two-story retail center in Danville, CA, sold for $20.4 mil, or $303/sf. The buyer was Blake Griggs Properties LLC.
Built in 1977, Village Shopping Center is occupied by 32 tenants, rangi...
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• World Premier Investments Group Buys 220k sf OC Retail Center
6/24/22
A group led by World Premier Investments has acquired Fullerton Town Center, a 219.9k sf, grocery-anchored neighborhood retail center located at the intersection of Harbor Blvd and Orangethorpe Ave in the Central Orange Count...
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• Neighborhood Center in the Western San Fernando Valley Sells for Over $600/sf
6/22/22
Mayhew Plaza Shopping Center, a 39.9k sf, Smart & Final Extra-anchored neighborhood shopping center in the western San Fernando Valley community of Woodland Hills, sold for $24.5 mil, or $614/sf. The property, located at 2263...
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• Colorado Retail Center Goes for $138/sf
6/21/22
Centerpointe Plaza, a 155k sf neighborhood retail center along North Academy Blvd in Colorado Springs, was purchased by a Denver-based private fund for $21.4 mil ($138/sf). Built in 1983, Centerpointe Plaza comprises five mul...
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• Blatteis & Schnur Venture Pays Over $1,800/sf for Tiffany & Co-Anchored Retail Property in Pasadena
6/21/22
A joint venture of Los Angeles-based Blatteis & Schnur and Hayward-based The Felson Companies has acquired the high street Tiffany and Shops, a 28.4k sf Tiffany & Co, Crate & Barrel and House of Hoops (Foot Locker)-anchored s...
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• Iconic 1960s Property in Scottsdale Undergoing a Major Redevelopment
6/21/22
The redevelopment of the iconic mixed-use Papago Plaza, recognizable to many long-time area residents for its Pueblo-style design dating to the 1960s, is taking shape as the area’s demographics are growing and the plaza gener...
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• Napa Auto Parts Portfolio Sells for $21 Mil
6/17/22
A portfolio consisting of 12 single-tenant retail assets occupied by Napa Auto Parts across 10 states traded hands in a transaction valued at $21.1 mil. The assets, located in Alaska, Arkansas, Florida, Georgia, Mississippi N...
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• Brixton Capital Buys 150k sf Utah Shopping Center
6/14/22
Brixton Capital has acquired American Fork Center, a 149.9k sf shopping center in American Fork, UT, for an undisclosed amount. The property was sold by a partnership between Western Avenue Capital and ALTO Funds in an off-ma...
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• Moreno Valley Retail Asset Generates $21 Mil Sale
6/10/22
Moreno Beach Plaza II, an 82.3k sf retail center in Moreno Valley, traded hands in a recent $21 mil ($255/sf) deal. The property, located at 27610 Eucalyptus Ave, consists of three single-tenant parcels, a multi-tenant pad bu...
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• Mammoth Lakes Retail Property Gets New Owner in $8.9 Mil Deal
6/09/22
Mammoth Main Street Promenade, a 42.8k sf shopping center located in the heart of Mammoth Lakes, CA, was purchased for $8.85 mil ($207/sf) by an OC-based 1031 exchange investor.
Built in 1988, Mammoth Main Street Promenade i...
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• Inland Empire Cardenas Market Trades at 4.74% Cap Rate
6/07/22
A 43.4k sf, single-tenant net-leased investment occupied by Cardenas Markets in San Bernardino sold for $8.23 mil ($190/sf). The building, located within the fully leased Sterling Plaza shopping center in San Bernardino, trad...
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• Agora Realty and Management Pays $285/sf for Sacramento Area Retail Center
6/06/22
Agora Realty and Management purchased Antelope Marketplace, a 115.5k sf retail center located at 7901 Walerga Road in Antelope, a suburb of Sacramento, for $33 mil ($285/sf). The property was sold by Philips Edison & Company....
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• NY-Based Investor Pays $117/sf for CO Retail Center
6/03/22
A New York City-based investor spent $12.15 mil for Erindale Square, a 103.6k sf ($117/sf), open-air retail center located at 5881-5975 North Academy Blvd in Colorado Springs. The 29-unit retail center sits on a 6.93-acre par...
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• SoFi Stadium-Adjacent Dev Site Fetches $11 Mil
6/02/22
A 40.6k sf development site adjacent the new SoFi Stadium in Inglewood sold for $10.99 mil, or $270/sf.
The site, surrounded by several new sports and entertainment-themed projects, is a prime candidate for redevelopment as...
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• ZDI Inc Buys 29k sf Retail Property in Bakersfield
6/02/22
A SoCal-based ZDI Inc entity paid $8.1 mil for a 29.4k sf ($275/sf), 100% leased retail asset in Bakersfield. The property has long been anchored by a major office supply retailer since it was built in 2005, and the remaining...
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• Southeast Valley Site in Phoenix Acquired for New Car Wash Development
6/01/22
A 2.5-acre lot at the corner of Hunt Hwy and Ellsworth in Phoenix’ Southeast Valley traded for $2.095 mil. The land was purchased by Cobblestone Phoenix Propco LLC, who will use it for development of a brand-new Cobblestone A...
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• Multi-Tenant Retail Property in Phoenix Sells for Just Under $200/sf
5/27/22
Plaza 59, a 32.1k sf multi-tenant shopping center in Phoenix, was acquired by a private investor for $6.25 mil ($195/sf) in an off-market transaction. The seller was a Scottsdale-based private investor.
At the time of sale, ...
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