| Texas Strip Center Property Picked Up by Exchange Investor
An eight-tenant medical and retail strip center in Magnolia, TX traded hands. The 16.7k sf property, located at 827 Magnolia Blvd, is fully leased to a diverse mix of strong medical and service-oriented tenants, including Hil...
| Private Investor Buys 1.25-Acre Retail Property in Long Beach
In Long Beach, a private investor acquired a 1.25-acre retail property NNN fully leased to Dollar Tree and Family Dollar Inc. The property, located at 5117 Atlantic Ave, was sold by Ramser Development Company, who purchased t...
| 354k sf Former Regional Mall in Alaska Offered for Sale
Here’s news of an interesting retail redevelopment opportunity in Alaska, as Northway Mall, a former regional mall in Anchorage, has been put on the market. The property, now referred to as North Pointe, is located at 3101 P...
| Target Leases 135k sf at Provo Town Centre in Utah
Target has agreed to lease 135k sf of the former Dillard’s building at Provo Towne Centre in Provo, UT. The deal comes as the property owner, Brixton Capital, is renovating the shopping center.
The renovations include a remo...
| Norco Automotive Retail Property Trades for $11.9 Mil
A retail property consisting of a Chevron station, convenience store and car wash in the Inland Empire city of Norco traded hands in a recent, $11.9 mil all-cash transaction. The property sold at full asking price and the pur...
| Long Beach Retail Property Sells for $21 Mil
El Dorado Shopping Center, a 74.5k sf shopping center anchored by Grocery Outlet and Dollar Tree in Long Beach, traded hands in a $21.25 mil ($285/sf) transaction. The property was sold by DPI Retail of El Segundo.
| Ventura Shopping Center Traded in $66 Mil Transaction’
Poinsettia Plaza, a 157.3k sf shopping center in Ventura, traded for $66 mil, or $420/sf. The property is located at 4220-4360 E. Main St and 4687-4731 Telephone Rd, just south of the confluence of the 101 Fwy and Hwy 126.
| Simi Valley Retail Center Sells for $22 Mil
Griffin Plaza, an 85k sf, grocery- and drug-anchored retail center located in Simi Valley, was acquired for $22.1 mil, or $260/sf, by a private 1031 exchange investor. The property was sold by Griffin Living.
Built in 1981...
| Arizona Retail Center Trades for $289/sf
A private investor paid $31.1 mil for River Center, a 107.5k sf ($289/sf), Whole Foods-anchored, neighborhood retail center located in Tucson. The property was sold by First Washington Realty
The Class A property is 100%-le...
| AZ Retail Center Traded for $237/sf
Red Mountain Plaza, a 69.3k sf Home Depot shadow-anchored retail shopping center in Mesa, AZ, traded hands in a $16.4 mil ($237/sf) deal.’ The property sits on approximately eight acres at the northwest corner of Power Rd and...
| Five Signings Bring Retail Portion of New San Diego Mixed-User to Fully Leased
There have been five leases totaling 10k sf at 5826 – 5854 Montezuma, a mixed-use development slated to open in the late summer of 2023 near the San Diego State University (SDSU) campus in San Diego. The deals put the buildin...
| Newly Constructed Menifee Retail Center Sells for almost $600/sf
Center Pointe, a 41.5k sf, newly developed grocery-anchored retail center in Menifee, traded hands for $24.6 mil ($593/sf). The recently constructed center is 96%-leased to Sprouts, Wendy’s and Olive Garden, as well as local ...
| 91k sf Retail Center in the East Bay Gets New Owner
In an East Bay retail trade, Balboa Retail Partners purchased Pinole Square, a 91k sf retail community center in Pinole, roughly 17 miles north of Oakland. The property is located at 1201-1577 Tara Hills Dr, on the northwest ...
| Seattle Area Retail Property Sells for $737/sf
A 3.8k sf, two-tenant retail property in the Seattle metro area sold for $2.8 mil, or $737/sf. The property, occupied by Pacific Dental Services and Coldwell Banker, sits on a 0.4-acre parcel at 1031 SE Everett Mall Way in Ev...
| Tova Capital Closes $6.2 Mil Retail Buy in Long Beach
Tova Capital has acquired a fully occupied, 34.5k sf retail complex near Downtown Long Beach in a $6.2 mil ($180/sf) off-market transaction. The retail property is located on a nearly one-acre site at 205-233 E. Anaheim St, b...
| SRS Real Estate Partners’ National Net Lease Group Sold 22 Chick-fil-A Occupied Properties in 2022
SRS Real Estate Partners’ National Net Lease Group in 2022 sold a total of 22 properties occupied by Chick-fil-A valued at $87 mil with an average cap rate of 3.77%. This makes up for a 32% market share for all Chick-fil-A-oc...
| Ventura County Shopping Center Lands New Owner in $19.5 Mil Deal
Simi Valley Promenade, an 82.4k sf shopping center anchored by Smart & Final in Simi Valley, sold for $19.55 mil, or $237/sf. The property was built in 1981 and renovated in 1991 and 2002.
Tenants at Simi Valley Promenade i...
| Sacramento Area Retail Center Lands $16.75 mil Refi
Market Place at Town Center, a 134.6k sf retail center in El Dorado Hills, CA, landed a new refi loan for $16.75 mil. El Dorado Hills is a suburb of the Sacramento MSA.
The property is located at the intersection of Hwy 50 ...
| Downtown Denver Retail Asset Goes for $370/sf
The Shops at Riverfront Park, a 31.9k sf, multi-tenant asset included the entirety of commercial/retail space located within the Riverfront Park neighborhood in Downtown Denver, traded hands in an $11.8 mil ($370/sf) transact...
| Transnational Management Spends $23.7 Mil on WA Retail Asset
Transnational Management closed out 2023 with the acquisition of Greentree Plaza, an 83k sf shopping center in Everett, WA, for $23.7 mil.
Located at 305-505 SE Everett Mall Way, along Everett’s busiest commercial arterial b...