Baldwin Park, Calif. — The closing cap rate of the property, built in 1987, was 5.9 percent.
Developers and retailers are embracing new retail concepts to meet the demands of customers.
Kenwood, Ohio – The portfolio includes Kenwood Pavilion and Kenwood City Place, which are located across the street from each other.
Melbourne, Fla. – This is the third phase Faris Lee has completed on the developer’s behalf for the lifestyle center development.
Buckeye, Ariz. – The transaction closed at a 6.8 percent cap rate.
Gastonia, N.C. – The property is fully leased and includes a 12,500-square-foot freestanding building occupied by Petco and two freestanding pad buildings.
Rancho Cordova, Calif. – The single-tenant asset is absolute and triple-leased to Kohl’s.
Stockton, Calif. – The property sold for $507 per square foot.
Viera, Fla. – The firm selected a private, non-1031 exchange and all-cash investor who went non-contingent prior to the tenant opening its doors.
Lake Forest, Calif. – According to CoStar, the 4.8 percent cap rate was a record low for a non-anchored retail strip center sale in south Orange County.