El Cajon, Calif. — La Maestra Family Clinic has purchased a multi-tenant retail center located at 1242-1248 E. Main St. in El Cajon, roughly 17 miles outside San Diego. Main Street Trust sold the asset for $6.4 million. The buyer plans to convert the vacant, 22,694-square-foot retail center into a community health center. Mike Conger and Brian Jenkins of Commercial Asset Advisors represented the seller, while Keith Edwards of Keller Williams Realty Metro represented the buyer in the deal.
Hemet, Calif. — SRS Real Estate Partners has arranged the sale of Shops at KPC Towne Centre, located at 2375-2465 W. Florida Ave. in Hemet. A southern California-based private family trust sold the center to a Los Angeles-based private investor for $9.5 million. Situated on two acres, the three-building property features 20,167 square feet of retail space. At the time of sale, eight tenants fully occupied the center. Matthew Mousavi, Patrick Luther and Max Sabino of SRS’ National Net Lease Group represented the seller, while Jason Paukovits of Dream Realty …
Anaheim Hills, Calif. — Sunbelt Investment Holdings has purchased a 205,000-square-foot The Home Depot Superstore in Anaheim Hills for an undisclosed price. The flagship store is situated on 18 acres along the north side of Interstate 91 roughly 38 miles outside Los Angeles. The property is the largest Home Depot on the West Coast and the second largest in the nation, according to the buyer. The name of the seller was not released.
Santa Barbara, Calif. — A joint venture between Shopoff Realty Investments, Praelium Commercial Real Estate and an affiliate of Dune Real Estate Partners has acquired a 175,000-square-foot building formerly occupied by Nordstrom at Paseo Nuevo, a mixed-use center in downtown Santa Barbara. Terms of the transaction were not released. The three-story building is connected to the north end of the center, which offers more than 450,000 square feet of open-air space. Originally constructed in 1924, the property underwent a wholesale redevelopment between 1989 and 1994 into its current form and …
San Bernardino, Calif. — SRS Real Estate Partners has arranged the sale of a restaurant building located at 1857 S. Tippecanoe Ave. in San Bernardino. An affiliate of Red Mountain Group sold the property to a San Diego-based high-net-worth investor for $8.2 million. Raising Cane’s Chicken Fingers occupies the 4,086-square-foot property, which was built in 2017 on 1.2 acres and has more than 11 years remaining on its absolute triple-net lease. Matthew Mousavi and Patrick Luther of SRS’s National Net Lease Group represented the seller, while Jim Casale of Lee …
Trabuco Canyon, Calif. — Faris Lee Investments has arranged the sale of a freestanding retail building located in Trabuco Canyon. ValueRock Realty acquired the property from an undisclosed seller for $4.2 million. CVS/pharmacy occupies the property on a triple-net lease basis. Rich Chichester and Don MacLellan of Faris Lee, in partnership with John Cumbelich of Cumbelich & Associates, represented the seller and buyer in transaction.
Manhattan Beach, Calif. — Jewelry retailer gorjana is joining the tenant lineup at Manhattan Village, a 44-acre mixed-use property located at 3200 Sepulveda Blvd. in Manhattan Beach. Following its $250 million redevelopment, which is slated for completion this year, Manhattan Village will feature 648,000 square feet of shopping and dining space. The gorjana jewelry brand offers both casual and fine jewelry that is meant for layering. Other recently announced tenants joining the center’s lineup include Faherty, Anthropologie and Urban Outfitters.
San Juan Capistrano, Calif. — The Voyager Group, a brand strategy and creative marketing agency, is celebrating its 25th year of business. Voyager works with clients on a range of services including brand strategy; corporate identity; customer immersion; insight and programming; digital design and development; environmental design; production services; property launches; traditional advertising; and video production. The San Juan Capistrano, California-based agency also crafts brand narratives, signage, sales centers, leasing materials, media campaigns, immersive installations, social media presence and property launches on behalf of developers. The company has worked with …
Duarte, Calif. — Hanley Investment Group Real Estate Advisors has arranged the $11.9 million sale of a 19,497-square-foot retail center located at 2315-2329 Huntington Drive in the Los Angeles County community of Duarte. Jeff Lefko and Bill Asher of Hanley Investment Group represented the buyer, a private investor in Monrovia, California, in the acquisition of the property from Lake Development. CVS/pharmacy anchors the center, which is fully occupied by tenants including Bank of America and Children 1st Pediatric Group.
Pomona, Calif. — Progressive Real Estate Partners has brokered the $2.7 million sale of a Jack in the Box-occupied property located at 101 W. Foothill Blvd. in the Los Angeles County community of Pomona. A San Gabriel, California-based private investor acquired the asset from an undisclosed seller. Mike Lin of Progressive Real Estate Partners represented the buyer in the transaction. Jack in the Box has occupied the property, which features a drive-thru lane, for more than 30 years.
