The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
August 5, 2020
 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?



VENTURA COUNTY NEWS
Printer-friendly Version   Email an Associate
Ventura Retail Center Trades for Over $23 Mil

10/07/14

Ventura Village Shopping Center, a 76.1k sf neighborhood shopping center in Ventura, was acquired by a private investment entity for $23.25 mil ($305/sf). The property was sold by Regency Centers, a publicly-traded real estate investment trust, headquartered in Jacksonville, FL.

Ventura Village is anchored by a Vons Grocery store, which was included as part of the sale. Vons has been operating out of this location since the center opened in 1986 and occupies 42.5k sf of space on a long-term lease with fixed rental escalations throughout the primary and option terms. Additional tenants include Fantastic Sams, Papa Johnís Pizza and Subway.

The property is situated on a 6.05-acre parcel, at the southwest corner of Victoria Ave and Telephone Rd. Ventura Village, which enjoys 700 feet of frontage along Telephone Rd, is currently 93% leased.

Mark Lucescu, president of Lucescu Realty, represented Regency in the transaction. Regency, a national owner, operator and developer of high-quality, grocery-anchored neighborhood and community shopping centers, has a portfolio of 328 retail properties totaling over 43.8 msf in top markets throughout the United States. In addition to representing Regency Centers in the sale, Lucescu also procured the buyer in the deal.





Return to the Archive page


 


 


 
The Foto Finisher

 
 



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 © 2020 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media