Irvine, Calif. — Irvine, California-based Hanley Investment Group has arranged the purchase of four shopping centers for Phillips Edison & Co. totaling 372,000 square feet for $24 million.
San Francisco — Gap Inc. is streamlining its retail business by slimming its store count to 800 Gap stores in North America, the company outlined in a statement ahead of an investor meeting scheduled today.
Rancho Cucamonga, Calif. — Progressive Real Estate Partners has arranged the sale of Rancho Plaza, an 11,691-square-foot retail center located in Rancho Cucamonga, for $6.8 million.
Ventura, Calif. — A 43,138-square-foot building in Thousand Oaks that is triple-net leased to Orchard Supply Hardware has sold to Oppidan Investment Company for $16.7 million.
Ridgecrest, Calif. — NAI Capital has arranged the $5.8 million purchase of a single-story, 59,909-square-foot property located at Ridgecrest Town Center in Ridgecrest, California.
Alhambra, Calif. — Shea Properties has signed four new tenants to open at the 140,000-square-foot Alhambra Place located in downtown Alhambra.
Fresno, Calif. — Rouse Properties has acquired Fig Garden Village, a 301,459-square-foot lifestyle center in Fresno, for $106.1 million.
Hesperia, Calif. — Progressive Real Estate Partners has signed seven new leases, totaling 19,600 square feet, at the Walmart-anchored retail center The Marketplace on Main in Hesperia.
Santa Ana, Calif. — Westfield MainPlace has added two new anchors as part of the center’s revitalization, Round 1 Bowling & Amusement and 24 Hour Fitness Santa Ana Super Sport.
Long Beach, Calif. – Naree Thai has signed a 10-year lease for 2,343 square feet of retail space in Long Beach.