The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
June 14, 2024
 Search RENTV
   Go!
 The REview
 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
Tabani Group Spends $16.7 Mil on OC Retail Asset

12/14/23

Tabani Group paid $16.7 mil for Bristol Marketplace, a 107.7k sf retail property in Santa Ana. Bristol Marketplace is comprised of a 99.8k sf, two-story Kohl’s (dark) and adjacent shop space. The offering presented investors with a rare opportunity to reposition a vacant box within a core shopping center with in-place cash flow.

The center is prominently located within a larger 386k sf regional retail center and benefits from an elite roster of adjacent tenancy that includes Target, CVS, Starbucks and Smart & Final. The larger destination center attracts over 3.9 million total visits annually, providing strong cross shopping and synergies to the value-add component.

Situated at 1351 W 17th St., Bristol Marketplace is located in one of the densest, infill trade areas in Orange County and is adjacent to I-5, which connects Los Angeles and Orange Counties, and benefits from over 372,000 vehicles per day. In addition, the property receives over 90,000 direct daily vehicular impressions at the North Bristol St and 17th St intersection.

The center is adjacent to Santa Ana Community College, with over 24,000 students and 800 faculty members that help increase daily traffic to Bristol Marketplace. Additionally, within a three-mile radius there are over 348,918 residents with average household incomes exceeding $97,982.

Gleb Lvovich, Daniel Tyner, Geoff Tranchina and Conor Quinn with JLL Capital Markets represented the seller in the deal.

“The sale of Bristol Marketplace perfectly demonstrates the continued enthusiasm from investors for big box retail. Landlords are now benefitting from record low vacancies and record high rents, which have significantly mitigated risk within the sector,” said Lvovich.





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 © 2024 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media