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February 28, 2024
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RETAIL NEWS
Archive
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• CentrePoint Properties Spends $11 Mil on Colorado Shopping Center
11/15/22
Willow Run, a 91.6k sf shopping center in Westminster, CO, was acquired by CentrePoint Properties for $10.9 mil ($119/sf). The seller was Willow Run Investors, LLC, an entity operated by Gart Properties, who had purchased the...
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• Target Leases Former Kmart Space in Ontario
11/10/22
Retailing giant Target has inked a lease for 70k sf of space at 1670 E. Fourth St in Ontario. The location is within the 151k sf, freeway adjacent Vineyard Freeway Center. Target’s space is part of a 94k sf, former Kmart st...
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• Retail/Medical Center in Vegas Trades for $298/sf
11/09/22
Nellis Plaza, an 83.9k sf, retail shopping and medical center in Las Vegas, was acquired by Glen Una Management for $25 mil, or $298/sf. The purchase is the buyer’s first major retail acquisition in the Las Vegas market. Anc...
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• Agora Realty and Management Starts Work on 29-Acre Mixed-Use Project in North Las Vegas
11/07/22
Agora Realty and Management has broken ground on a 29-acre mixed-use master-planned commercial district in the heart of downtown North Las Vegas. The redevelopment project, being called North Las Vegas Village, is strategical...
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• Vacaville Commons Lands $23 Mil Refi
11/03/22
Vacaville Commons, a 400k sf power retail center in Vacaville, was refinanced with a new permanent loan for $23 mil. Vacaville is a NoCal city located along I-80 roughly midway between San Francisco and Sacramento. The cente...
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• Investor Pays $392/sf for Mission Viejo Retail Center
11/01/22
Marguerite Plaza, a 25k sf, multi-tenant retail property in Mission Viejo, was acquired by a SoCal-based private investor in a recent $9.8 mil ($392/sf) transaction. The property sits on 2.07 acres at 28892 Marguerite Pkwy, s...
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• Here’s a 3rd Quarter 2022 Look at San Diego’s Retail Market
10/28/22
This report was provided by real estate services firm Cushman & Wakefield Economic Overview The total nonfarm employment in San Diego grew by 59,600 or +4.1% year-over-year (YOY) between August 2021 through August 2022, wi...
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• Retail Center in L.A.’s South Bay Goes for over $500/sf
10/26/22
Redondo Plaza, a 28k sf, grocery-anchored retail center located within Los Angeles’ South Bay in Gardena, sold for $15.12 mil ($540/sf). The center was sold by Storm Properties. Built in 2002 and renovated in 2018, the 100%-...
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• Two Outparcels to Chino Retail Center Trade in Deals Worth Over $6 Mil
10/21/22
Two single-tenant retail properties that are outparcels to Country Fair Shopping Center in Chino were purchased by private investors in separate deals totaling $6.17 mil. The sales included quick-service-restaurant assets occ...
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• C.E. John Company Inc Obtains $61 Mil in Financing on OR Retail Center
10/20/22
C.E. John Company Inc has obtained $61 mil of permanent, long-term financing for Cedar Hills Crossing, a 477k sf retail center in Beaverton, OR. The center is anchored by several grocery and credit tenant operators, including...
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• San Diego Retail Center Sells in Two Deals Totaling $41.6 Mil
10/19/22
Shops at Palm Promenade, a 72.4k sf retail center in San Diego, traded hands for $41.6 mil in two separate transactions. The property is located at 756, 760, 762, 764, 780 and 804 Dennery Rd, east of I-805 and south of Palm A...
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• Canadian Buyer Spends $40 Mil on AZ Retail Center
10/17/22
Laveen Park Place, a Class A, 109.2k sf retail shopping center in the Phoenix metro area, was acquired for $40.3 mil ($369/sf) by Tradewinds Capital LP, a private investor out of Alberta, Canada. The seller was LB 59th LLC, a...
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• Sale of Ground Lease for Single-Tenant Retail Property in Alhambra Closes at 3.75% Cap Rate
10/14/22
The ground lease for a 4k sf, single-tenant property occupied by Raising Cane’s Chicken Fingers in Alhambra has traded hands in a deal worth $8.2 mil. At a 3.75% cap rate, the sale broke a record for the lowest cap rate for a...
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• MCA Realty Spends $12.4 Mil on AZ Retail Center
10/13/22
MCA Realty has purchased Hillside Sedona Shopping Center, a 35k sf retail center in Sedona, AZ, for $12.45 mil ($355/sf) in an off-market deal. The buy represents MCA Realty’s first acquisition in the Sedona submarket. Buil...
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• Investor Spends $19 Mil on Portion of Arizona Retail Center
10/11/22
A SoCal investor paid $18.9 mil for a 67.7k sf portion of Greenfield Gateway, a 349.1k sf ($279/sf) retail shopping center located at the southwest corner of Greenfield Rd and US Hwy 60 in Mesa, AZ. Greenfield Gateway is co-a...
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• San Diego Retail Center Trades in $10.5 Mil Deal
10/07/22
Mesa College Square, a 25.4k sf multi-tenant retail center in San Diego, traded in a $10.5 mil ($413/sf) transaction. The property is located at 7604-7608 and 7612 Linda Vista Rd. The center sits on the highly trafficked cor...
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• Fitness 19 Leases 20k sf Inland Empire Retail Space
10/06/22
Fitness 19 has leased a 20.1k sf space in the Stater Bros-anchored Loma Linda Plaza in the Inland Empire city of Loma Linda. The property is located at 25586 Barton Rd, south of I-10 and east of I-215, next to the Veterans Ad...
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• Three Retail Properties in the Inland Empire Sold for $17.3 Mil
9/30/22
Three retail properties that are outparcels to French Valley Marketplace in French Valley, CA traded hands in a recent $17.3 mil deal. The three properties total 32.7k sf of space and include a Grocery Outlet, a Rite Aid, and...
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• Avison Young Awarded Assignment for Office Space in San Francisco Portfolio
9/28/22
Grosvenor has awarded Avison Young the leasing assignment for office space within a portfolio of four boutique, mixed-use properties located in San Francisco’s Union Square. Totaling just over 133k sf, the high-quality, offic...
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• Kalaveras Buys 8.9k sf Inland Empire Restaurant Property
9/26/22
Kalaveras, a SoCal-based Mexican restaurant chain, has purchased a fully equipped restaurant in Moreno Valley for $2.785 mil. The 8.9k sf ($313/sf) building, located at 23060 Alessandro Blvd, was previously home to a Woody’s ...
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