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Willow Creek Center
CaliforniaGrocery-anchoredInvestment salesNews

Monarch Commercial Advisors Brokers $27.8 Million Sale of Willow Creek Center in Northern California

by Abby Cox

Auburn, Calif. — Monarch Commercial Advisors has brokered the $27.8 million sale of Willow Creek Center, a 67,825-square-foot shopping center located in Auburn, roughly 33 miles outside Sacramento. A Smart & Final grocery store anchors the center, which was constructed between 2015 and 2017. Other tenants at the fully leased property include Starbucks Coffee, Chick-fil-A, Panda Express, PetSmart, Jersey Mike’s, AT&T and GameStop. Dave Lucas and Brandon Norton of Monarch Commercial represented the seller, Best Development Group, in the transaction. The buyer was a private investor. Dan Friedeberg of Slatt Capital …

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Circle K
CaliforniaInvestment salesNews

Hanley Investment Group Arranges $3.5 Million Sale of Retail Property in Coachella Valley

by Abby Cox

Coachella, Calif. — Hanley Investment Group Real Estate Advisors has arranged the sale of a newly constructed, 4,625-square-foot single-tenant retail property located in Coachella. A Circle K convenience store and gas station occupies the site on a 15-year, absolute triple-net-lease with 10 percent rental increase every five years. Bill Asher and Jeff Lefko of Hanley represented the seller and developer, Newport Beach, California-based Fountainhead Development, in the transaction. Aaron Bove of Marcus & Millichap’s San Diego office represented the 1031 exchange buyer, a San Diego-based private investor.

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Westport Plaza and Square
CaliforniaInvestment salesNews

CBRE Arranges $25.7 Million Sale of Shopping Center in Costa Mesa, California

by Abby Cox

Costa Mesa, Calif. — CBRE has arranged the $25.7 million sale of Westport Plaza & Square, a 39,334-square-foot shopping center located in Costa Mesa. Built in 1975 and renovated in 2002 and 2018, the center is situated on 13.7 acres. Tenants at the property — which was 97 percent leased at the time of sale — include Plums Café & Catering, Fleur De Lys, Crumbl Cookies, Common Thread, House of Yogurt, Massimo’s Pizza and LaserAway. Westport Plaza & Square has roughly 54 years remaining on its long-term ground lease. Jimmy …

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La Alameda Shopping Center
CaliforniaFinanceNews

PSRS Arranges $40 Million Refinancing of 245,000-Square-Foot Shopping Center in Los Angeles

by Abby Cox

Los Angeles — PSRS has arranged a $40 million loan for the refinance of La Alameda Shopping Center, a 245,000-square-foot shopping center located in the Los Angeles neighborhood of Walnut Park. The 18.3-acre center comprises six building clusters and features Spanish architecture, pedestrian-friendly courtyards, plaza spaces, outdoor seating and a fountain. Tenants at the property include Ross Dress For Less, CVS Pharmacy, Marshalls, Don Chente Bar & Grill, Wingstop, Dollar Tree, Chuck E. Cheese, Panda Express, GameStop, Cold Stone Creamery, Petco and Bath & Body Works. Kostas Kavayiotidis, Mike Davis and …

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The Learning Experience in Elk Grove, California
CaliforniaInvestment salesLeasingNews

Hanley Investment Group Arranges $6.1 Million Sale of 9,990-Square-Foot Retail Property in Metro Sacramento

by Abby Cox

Elk Grove, Calif. — Hanley Investment Group Real Estate Advisors has arranged the $6.1 million sale of a newly constructed, 9,990-square-foot single-tenant retail property located in the Sacramento suburb of Elk Grove. The Learning Experience, an early childhood education and childcare center, occupies the building on a 17-year corporate lease with 6 percent rent increases every five years. Completed in 2022, the Elk Grove facility is operated by the chain’s largest franchisee. Jeff Lefko and Bill Asher of Hanley Investment Group represented the seller, Armstrong Development Properties, in the transaction. …

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Shops at Hollywood Park
CaliforniaLeasingNewsRestaurants

Five New Restaurant Tenants to Join Shops at Hollywood Park in Metro Los Angeles

by Abby Cox

Inglewood, Calif. — Five new tenants have signed leases to join the Shops at Hollywood Park, the 390,000-square-foot retail district located within the larger Hollywood Park mixed-use development in Inglewood. The new round of leases — which total 13,000 square feet — includes food-and-beverage concepts Raising Cane’s, The Melt, Panini Kabob Grill, Lan Noodle and Rhythm Bar and Lounge. Hollywood Park is owned, developed and operated by Los Angeles Rams owner Stanley Kroenke. Hollywood Park spans 300 acres across 890,000 square feet. In addition to retail, the development features hospitality, …

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Grand Covina Plaza
CaliforniaGrocery-anchoredInvestment salesNews

JLL Facilitates $25 Million Sale of 111,975-Square-Foot Retail Center in Metro Los Angeles

by Abby Cox

Covina, Calif. — JLL Capital Markets has facilitated the $25 million sale of Grand Covina Plaza, a 111,975-square-foot shopping center located in the Los Angeles suburb of Covina. Stater Bros. Markets anchors the property, which was 89 percent leased to tenants including Dollar Tree, KFC, 7-Eleven and O’Reilly Auto Parts at the time of sale. Originally built in 1956, the center sits on 8.9 acres. Dan Tyner, Gleb Lvovich and Geoff Tranchina of JLL’s Investment Sales and Advisory team represented the seller, a private family partnership, and procured the buyer, …

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safeway-anchored-shopping-centers
CaliforniaDevelopmentGrocery-anchoredNews

Nadel Architects Completes Two Retail Centers in Metro Sacramento

by Abby Cox

Roseville and Elk Grove, Calif. — Two new retail centers designed by Los Angeles-based Nadel Architects have opened in the metro Sacramento area. The properties are West Roseville Marketplace in Roseville and Laguna Reserve Marketplace in Elk Grove. West Roseville Marketplace totals 74,000 square feet and is anchored by a 55,592-square-foot Safeway. Additional tenants at the center include McDonald’s, Starbucks Coffee, Bank of America and Mountain Mike’s Pizza. Laguna Reserve Marketplace, which comprises 57,000 square feet, is also anchored by a Safeway.

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Sun Garden Retail Center
CaliforniaInvestment salesNews

Slatt Capital Facilitates $19.7 Million Refinancing for Sun Garden Retail Center in San Jose, California

by Abby Cox

San Jose, Calif. — Slatt Capital has facilitated a $19.7 million loan for the refinance of Sun Garden Retail Center, a 107,899-square-foot retail property located in San Jose. Slatt Capital secured the fixed-rate 12-year loan through a life insurance company on behalf of the borrower. Walmart anchors Sun Garden Retail Center, which occupies the former site of the Sun Garden Packing Co., a legacy cannery connected to San Jose’s agricultural roots. Other tenants at the property include Big 5 Sporting Goods, Chipotle Mexican Grill, Starbucks Coffee, Chevron and Jack in …

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Fig Garden Village
CaliforniaInvestment salesNews

CenterCal, DRA Advisors Acquire Fig Garden Village in Fresno, California

by Abby Cox

Fresno, Calif. — A partnership between CenterCal Properties and DRA Advisors has acquired Fig Garden Village, a 300,000-square-foot lifestyle center located in Fresno. Originally developed in 1956 as part of the historic Fig Garden residential area, the center serves as a retail anchor for the broader Central California market. Tenants at the property include Pottery Barn, Williams Sonoma, Banana Republic, lululemon, Whole Foods Market, Anthropologie, Madewell and Paper Source. The center was previously owned by Brookfield Properties.

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