The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
December 14, 2019
 Search RENTV
   Go!
 Video Programs
 News
News Home Page
Southern California
Northern California
Pacific Northwest
Texas/Southwest
Retail
Multifamily
Financing
Prop. Management
Archives
Press Releases
 R. E. Marketplace
Service Providers
JobWorks
Property Spotlight
 RENTV  Conferences
Subscriber Login:
  
Email      
    Go!
Password      
Forgot Password?



SOUTHERN CALIFORNIA NEWS
Printer-friendly Version   Email an Associate
Private Investor Pays Over $600/sf for Glendale Retail Center

11/08/19

Glendale Center East, a 5.2k sf, retail center in Glendale, was purchased by an unidentified private investor for $3.3 mil, or roughly $636 per square foot. The property, located at 1100 S Glendale Ave, is a classic L-shaped strip center on a high density, main-on-main signalized intersection.

The property is anchored by a Subway sandwich shop and was 55% occupied at time of sale, including local retailers such as a jewelry shop and shoe repair store. The vacancy at the property will allow the new owner to reposition the site and create more upside.

Ken McLeod, Alex Vasquez and Patrick Ylagan of CBRE represented seller, JVE Property Partners LLC. The buyer was repped by an outside broker.

“We marketed this property as a value-add to attract a buyer who would recognize the opportunity and utilize the vacant space to reposition and upgrade the site,” noted Vasquez.

The most active retail tenant categories in the region as well as across the U.S. continue to be those in fitness, furniture, food, fashion, and fun, according to CBRE research. They are expected to remain the dominant drivers in Southern California due to their ability to cater to a consumer base seeking experience and convenience.






Return to the Archive page


 


 


 


 
 



Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2019 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media