| Planet Fitness Buys 18k sf Facility It had Been Leasing in Palmdale
An 18k sf fitness and sports facility leased to Planet Fitness in Palmdale was purchased for $5.5 mil ($305/sf) by the tenant. It was sold by a private investor based in New York City.
Built in 2017, the property is situated...
| Schnitzer Properties Buys 163k sf AZ Retail Center
Schnitzer Properties paid $29 mil for Chandler Pavilions, a fully leased, 163.3k sf ($178/sf), high-traffic regional retail center in the Phoenix-area community of Chandler. The property was sold by Evergreen Devco Inc, which...
| Bakersfield Strip Center Fetches $245/sf
Colonial Square, a 41.2k sf, multi-tenant retail strip center in Bakersfield was acquired by an L.A.-based 1031 exchange investor for $10.1 mil ($245/sf). The property was sold by LS Capital Inc, a real estate asset managemen...
| Institutional Investor Spends $25 Mil on Pair of AZ Retail Assets
An unnamed institutional buyer paid $25.7 million for a retail portfolio comprising two shopping centers totaling 38.3k sf in Phoenix and Scottsdale, AZ. The assets were sold by MDC Realty Advisors, a subsidiary of Epic Inves...
| Single-Tenant ALDI Property in Downey Goes for $7.3 Mil
A private trust paid $7.3 mil for an 18.6k sf ($392/sf), single-tenant retail building fully occupied by ALDI in the Los Angeles-area city of Downey. The property was sold by Westland Real Estate Group.
Positioned on 1.65 a...
| L.A. County Retail Trade Rings Up at $3.2 Mil
Luxurious Properties LLC purchased an 11.5k sf shopping center and land parcel in Los Angeles in a $3.2 mil transaction. The seller was Garrison Property Management LLC.
The shopping center is located at 1628-1642 Firestone ...
| New Single-Tenant Starbucks Property in Mojave Goes for Over $1,500/sf
A 3k sf, new construction, single-tenant Starbucks Drive-Thru with a café in Mojave sold for $4.56 mil ($1,520/sf). The property is located on 0.86 acres at 15652 Sierra Hwy along Highway 14, just past the Highway 58 intercha...
| Vegas Retail Sale Consists of Two Properties Totaling 18k sf
A retail portfolio comprising two retail assets totaling 17.9k sf of space in Las Vegas traded in a recent deal worth $7.9 mil ($441/sf).
The portfolio includes Flamingo Jones Plaza, a 10.7k sf six-tenant retail pad located...
| Single-Tenant NoCal Grocery Outlet Trades Hands for About $400/sf
A brand-new, 16k sf single-tenant net-leased investment occupied by Grocery Outlet in Fresno County, CA sold for $6.37 mil, or $398/sf. The deal closed at a cap rate of 4.90%.
The Grocery Outlet building is located on 2.08 ...
| Manulife Investment Management Secures $40 Mil Recapitalization on Two CRE Assets in Downtown Portland
Manulife Investment Management has obtained $40 mil in financing for the recapitalization of LL Hawkins Apartments and Slabtown Marketplace in the Slabtown neighborhood near downtown Portland.
Located at 1515 NW 21st Ave, LL...
| California Investor Buys Arizona Retail Center in $3 Mil Deal
Fletcher Heights Plaza, a 15.4k sf, multi-tenant retail property in Peoria, AZ, sold for $3 mil ($195/sf). The property, located at 8267-8279 W Lake Pkwy, is a part of a larger project that includes two additional strip cente...
| Tri-Western Syndicated Investments Spent $32.7 Mil on Washington Retail Property
Tri-Western Syndicated Investments paid $32.7 mil for Alderwood Towne Center, a 105.4k sf ($310/sf) retail center in Lynnwood, WA. Tri-Western is a Bellevue-based private holding company controlled by the Radford family.
| Single-Tenant Walgreens in Tehachapi Sells for $438/sf
A 14.6k sf, single-tenant net-leased investment occupied by Walgreens in Tehachapi traded for $6.4 mil, or $438/sf. Built in 2003, the Walgreens building features a drive-thru.
The property is located on 1.66 acres at 1091 ...
| Bay Area Retail Center Gets New Owner in $20 Mil Sale
Village Shopping Center, a 67.2k sf, two-story retail center in Danville, CA, sold for $20.4 mil, or $303/sf. The buyer was Blake Griggs Properties LLC.
Built in 1977, Village Shopping Center is occupied by 32 tenants, rangi...
| World Premier Investments Group Buys 220k sf OC Retail Center
A group led by World Premier Investments has acquired Fullerton Town Center, a 219.9k sf, grocery-anchored neighborhood retail center located at the intersection of Harbor Blvd and Orangethorpe Ave in the Central Orange Count...
| Neighborhood Center in the Western San Fernando Valley Sells for Over $600/sf
Mayhew Plaza Shopping Center, a 39.9k sf, Smart & Final Extra-anchored neighborhood shopping center in the western San Fernando Valley community of Woodland Hills, sold for $24.5 mil, or $614/sf. The property, located at 2263...
| Colorado Retail Center Goes for $138/sf
Centerpointe Plaza, a 155k sf neighborhood retail center along North Academy Blvd in Colorado Springs, was purchased by a Denver-based private fund for $21.4 mil ($138/sf). Built in 1983, Centerpointe Plaza comprises five mul...
| Blatteis & Schnur Venture Pays Over $1,800/sf for Tiffany & Co-Anchored Retail Property in Pasadena
A joint venture of Los Angeles-based Blatteis & Schnur and Hayward-based The Felson Companies has acquired the high street Tiffany and Shops, a 28.4k sf Tiffany & Co, Crate & Barrel and House of Hoops (Foot Locker)-anchored s...
| Iconic 1960s Property in Scottsdale Undergoing a Major Redevelopment
The redevelopment of the iconic mixed-use Papago Plaza, recognizable to many long-time area residents for its Pueblo-style design dating to the 1960s, is taking shape as the area’s demographics are growing and the plaza gener...
| Napa Auto Parts Portfolio Sells for $21 Mil
A portfolio consisting of 12 single-tenant retail assets occupied by Napa Auto Parts across 10 states traded hands in a transaction valued at $21.1 mil. The assets, located in Alaska, Arkansas, Florida, Georgia, Mississippi N...