Thousand Oaks, Calif. — Newmark Pacific has negotiated the $45.5 million sale of Conejo Valley Plaza, a 127,032-square-foot shopping center located in Thousand Oaks, approximately 38 miles west of Los Angeles. A Ralphs grocery store and Bank of America anchor the center, which was 68 percent leased at the time of sale. Additional tenants include Marshalls, HomeGoods and CVS Pharmacy. Pete Bethea, Rob Ippolito and Glenn Rudy represented the sellers, two entities doing business as Conejo Valley Plaza 1 LLC and Conejo Valley Plaza 2 LLC, in the transaction.
Santa Clarita, Calif. — Hanley Investment Group Real Estate Advisors has negotiated the $8.8 million sale of a single-tenant retail property located in Santa Clarita, approximately 30 miles north of Los Angeles. Situated within Centre Pointe Marketplace, Sky Zone Trampoline Park occupies the 30,624-square-foot retail property on a new long-term lease. Sean Cox and Kevin Fryman of Hanley represented the seller and developer, locally based Spirit Properties Ltd., and the buyer, in the transaction.
Santa Clarita, Calif. — Hanley Investment Group Real Estate Advisors has brokered the $25 million sale of a two-tenant retail property located in Santa Clarita, roughly 30 miles north of Los Angeles. Situated within Centre Pointe Marketplace, the 83,953-square-foot property is occupied by DICK’S Sporting Goods and Burlington. DICK’S has extended its lease and remodeled its store. Meanwhile, Burlington has acquired the lease previously held by JOANN after its bankruptcy. Sean Cox and Kevin Fryman of Hanley represented the seller and developer, locally based Spirit Properties Ltd., and the buyer, …
Jurupa Valley, Calif. — Sprouts Farmers Market has signed a 23,300-square-foot anchor lease at Jurupa Valley Spectrum Shopping Center, a 124,817-square-foot shopping center located in Jurupa Valley. The new Sprouts store, which is scheduled to open in 2026, will occupy a portion of a former movie theater that closed last year. Additional tenants at the property include Crunch Fitness, Big 5, Starbucks Coffee, AT&T, Walgreens, DaVita, Wingstop, T-Mobile and Verizon Wireless. Roxanne Klein of Progressive Real Estate Partners marketed the property and represented the center’s owner, Kite Family LP, in the transaction. Ryan Sullivan and Jeff …
Oxnard, Calif. — Hanley Investment Group Real Estate Advisors has brokered the $7.2 million sale of a single-tenant restaurant property in Oxnard. Shake Shack occupies the 3,286-square-foot building, which was built in 2025, under a new 15-year corporate-guaranteed absolute triple-net ground lease. The restaurant features Shake Shack’s latest prototype with a double-lane drive-thru. Sean Cox, Jeff Lefko and Bill Asher of Hanley Investment Group represented the seller, a Texas-based developer, in the transaction. Judson Kauffman of New York-based Surmount represented the buyer, a Northern California-based private 1031 exchange investor. Shake …
Newport Beach, Calif. — SRS Real Estate Partners has negotiated the $5.2 million sale of a single-tenant retail property located on the Balboa Peninsula in Newport Beach. A 7-Eleven convenience store has occupied the 3,651-square-foot site for more than 48 years. Kevin Held of SRS Capital Markets represented the seller, a California-based family trust. The buyer was a California-based private investor.
Los Angeles — Kidder Mathews has arranged the $32.7 million sale of Holmby Hall, a landmark retail property in the Westwood Village neighborhood of Los Angeles. Holmby Hall offers 50,790 square feet of retail space. The building, which is designated as a Historic-Cultural Monument by the Los Angeles City Council, was built in 1929 in the Spanish Colonial Revival style and features a 110-foot clock tower. Tanel Harunzade and Darrell Levonian of Kidder Mathews, along with former Kidder Mathews agent David Saghian, brokered the transaction. Additional details of the transaction …
Fresno, Calif. — Columbia, Maryland-based pickleball concept Dill Dinkers has signed a franchise agreement to open 10 new venues in the Central Valley region of California. Entrepreneurs Bill Revilla and Georgia Revilla will own and operate the locations, which will offer several indoor pickleball courts separated by fences, as well as event space, a ball machine and a reservation system for guests. Founded in 2022, Dill Dinkers currently has nine operating locations in the United States and more than 380 locations under development across Texas, Washington, D.C., North Carolina, Connecticut, South …
San Diego — PSRS has arranged $6.7 million in refinancing for a 65,000-square-foot shopping center located in San Diego. The two-building multi-tenant property is occupied by Smart & Final, AutoZone and Big 5 Sporting Goods. Additionally, Burger King occupies a drive-thru restaurant pad site on a ground lease. Trevan Swierczewski and Alexander Santulis of PSRS secured the nonrecourse loan that was structured with a 15-year term and 15-year amortization.
Santa Barbara, Calif. — Hanley Investment Group Real Estate Advisors has arranged the $3.7 million sale of a single-tenant retail property located at 402 N. Milpas St. in Santa Barbara. Starbucks Coffee occupies the 2,149-square-foot building, which opened in April, and features the company’s new café-only prototype design. Sean Cox and Bill Asher of Hanley Investment Group represented the seller, a Los Angeles-based developer, while the buyer, a San Francisco-based 1031 exchange investor, represented itself.