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August 7, 2020
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RETAIL HEADLINES
SoCal Investor Pays over $500/sf for Multi-Tenant Pad Building at Lake Elsinore Marketplace
8/05/20
7.2k sf property sold by Pacific Castle

Hermosa Beach Restaurant Property Trades for Over $800/sf
8/04/20
6k sf building was formerly occupied by Round Table Pizza



Dollar Tree Opens Store in Former Pier 1 Imports Space in San Clemente
7/30/20
Deal is for 10.5k sf at Pico Pavillion

Evolution of Online Retail Drives Retail-to-Industrial Conversion Projects Across the U.S.
7/29/20
CBRE report counts 15.5 msf of new industrial space converted from retail since 2017

Local Investor Spends Over $5 Mil on Two Buildings at Grocery Anchored Center in Corona
7/28/20
Multi-tenant assets are part of 56k sf Village Grove Plaza

Early Childhood Education Facility in Colorado Picked up for $2.39 Mil in Exchange Buy
7/17/20
10.4k sf property in Littleton is leased to Knowledge Beginnings

VCA Animal Hospital in Orange County Sells for $9.2 Mil
7/15/20
Deal for Fountain Valley property closes at a cap rate of 4.75%

Evergreen Devco Inc Buys 164k sf AZ Retail Center
7/14/20
Chandler Pavilions was 72% leased at time of sale

Jewell Capital LLC Finds a Jewel in $22.5 Mil Bay Area Retail Purchase
7/09/20
Miami firm buys 64k sf Del Norte Marketplace in El Cerrito from RBL Real Estate

OC Investor Buys Corona Car Wash Property in $5.7 Mil Deal
7/08/20
Freestanding asset is on a outparcel to 270k sf Corona Hills Marketplace

Trio of SoCal Retail Acquisitions Financed with $19.9 Mil in Loans
7/07/20
CBRE arranges money for purchase of Oceanside, Santa Clarita and Montebello properties totaling 76k sf

Three Single-Tenant Dutch Bros Coffee Stores in AZ and CO Sold in Separate Deals Totaling $5.65 Mil
7/01/20
Each property traded for over $2,000/sf

Dollar Tree Stores Signs Deal for Third Store in Merced
7/01/20
National retailer takes 9.5k sf at Merced Marketplace

The Appliance Outlet Opens Second SoCal Outlet
6/29/20
Home appliance retailer takes 13k sf at Mission Promenade in Oceanside

Investor Exchanges into Scottsdale Retail Center
6/24/20
18k sf Northsight Village sells for $3 mil

Investor Spends over $9 Mil AZ Retail Asset
6/26/20
Acquisition is part of 34k sf Wigwam Creek Shopping Center in Litchfield Park

Two Assets at Inland Empire Sprouts-Anchored Shopping Center Sell for $7.6 Mil
6/23/20
Deals are for a multi-tenant retail building and a Quick Quack Car Wash at Highland Village Shopping Center in Fontana

Multi-Tenant Retail Center with Cannabis User Financed with Loan for $13.5 Mil
6/22/20
George Smith Partners arranges cash-out loan on asset in L.A.’s Echo Park area

SoCal Single-Tenant Retail Properties Trade in Deals Worth over $30 Mil
6/17/20
Four properties are located in Indio, Lomita, Victorville and Hawthorne

Nadel Architecture + Planning Introduces Direct-to-Retailer Design studio
6/15/20
Move spurred by expected changes and greater innovation likely in the current environment

AZ Coffee Bean & Tea Leaf Sells for $1,259/sf
6/16/20
Monarch Real Estate Holdings pays over $2 mil for 1.7k sf Scottsdale property

New Starbucks-Anchored Retail Asset in Seattle Acquired for $7.7 Mil
6/09/20
11k sf asset trades for $693/sf

Sacramento Investment Entity Spends $6.5 Mil on Utah Single-Tenant, Net Lease Asset
6/09/20
14.5k sf building occupied by corporate-operated Walgreens

CA Buyer Pays $480/sf for AZ Single-Tenant Property
6/08/20
5.6k sf building is leased to Wilhelm Automotive and is part of a larger retail development

NoCal Investor Pays Nearly $1,200/sf for Bay Area Retail Center
6/08/20
Shops at El Camino Real in Belmont sells for $9.55 mil

Newly Constructed AZ Starbucks Goes for $1,100/sf
6/05/20
Single-tenant asset in Glendale purchased for $2.4 mil

AZ Retail Asset Sells for $11.7 Mil
6/04/20
Deal is for The Collective Sedona

Inglewood Retail Building Sells for $350/sf
6/03/20
Private investors trade 9k sf asset anchored by Domino’s

NewMark Merrill Companies and Its Restaurant Partners Provide Meals to Healthcare Workers in CA, CO and IL
6/01/20
Meals for 2,620 workers was firm’s second “Wave of Kindness” following $14,000 in food give-aways to families

Walgreen’s Ground Lease Property in Apple Valley Sells
5/26/20
Local investor spends over $ 7 mil on High Desert Asset

Brad Umansky Named President of Retail Brokers Network
5/22/20
Owner of Progressive Real Estate Partners will help grow the national organization

McDonald’s Ground Leased Property in Washington Goes for Over $4 Mil
5/21/20
Deal is for a 35k sf site in Federal Way

Dollar General Store in Central CA Sells for $242/sf
5/20/20
Exchange investor spends $2.2 mil on NNN-leased property



 


 


 


 
 





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