California

Huntington Beach, Calif. — JLL Capital Markets has arranged the sale of Goldenwest & Bolsa, a retail center located at 15031 Goldenwest St. in Huntington Beach, about 36 miles from Los Angeles. A private equity fund sold the property to a local private investor for $23.5 million. Constructed in 1974 on six acres, Goldenwest & Bolsa features 63,269 square feet of retail space. At the time of sale, the property was 95.4 percent leased. Gleb Lvovich, Geoff Tranchina and Daniel Tyner of JLL Retail Capital Markets represented the seller in …

Sacramento, Calif. — Raith Capital Partners has sold Arden Square, a 100,162-square-foot neighborhood retail center located at 3102-3198 Arden Way in Sacramento, to Rhino Investments Group. Eric Kathrein, Tim Kuruzar and Warren McClean of JLL represented the seller in the transaction. BevMo!, Jo-Ann and Office Max anchor Arden Square, which was 90 percent leased at the time of sale to tenants including Kaiser Permanente, GameStop, Sacramento Credit Union, Jackson Hewitt Tax Services, Great Clips and Eco-Friendly Nail Salon.

El Cajon, Calif. — Pacific Coast Commercial has arranged the sale of a multi-tenant retail center located at 701-777 Broadway in El Cajon, about 17 miles from San Diego. Broadway Center Associates sold the property to an entity known as Alcatraz475 LP/Birch8330 LP for $8.2 million. At the time of sale, the 25,460-square-foot property was 95 percent leased to a mix of local and regional retail tenants. Brian Crepeau and Vanessa Reza of Pacific Coast Commercial represented the seller, while Bing Udinsky of The Udinsky Group represented the buyer in …

Newport Beach, Calif. — SRS Real Estate Partners’ National Net Lease Group has arranged the sale of 13 CVS/pharmacy-occupied properties for a total of $90 million. The properties — which span a total of 195,000 square feet — are located in Arizona, Texas, Virginia, South Carolina, Idaho, Louisiana, Oklahoma, Ohio and New Jersey. John Redfield, Matthew Mousavi, Patrick Luther and Tom Power of Newport Beach, California-based SRS represented the seller, a private developer. The undisclosed buyers were individual private investors.

Rancho Cucamonga, Calif. — Progressive Real Estate Partners and Newmark have arranged the sale of a single-tenant retail building located at 8700 Baseline Road in Rancho Cucamonga. A private, Northern California-based investor acquired the property from WM Capital for $6.1 million. Brad Umansky of Progressive Real Estate Partners and Glenn Rudy of Newmark represented the seller in the transaction. Bank of America has occupied the 9,195-square-foot drive-thru property since 1976. The building is located within Country Village shopping center.

Big Bear Lake, Calif. — Progressive Real Estate Partners has arranged the sale of Village Mall at Big Bear, a multi-tenant retail property located at 40729 Village Drive in Big Bear Lake, about 41 miles from San Bernardino. An Inland Empire-based investor sold the property to a San Gabriel Valley-based investor for $3.9 million. Greg Bedell and Roxy Klein of Progressive Real Estate represented the seller, while Doreen Chen of Pinnacle Real Estate Group represented the buyer in the deal. At the time of sale, the 24,806-square-foot retail center was …

Fontana, Calif. — Hanley Investment Group Real Estate Advisors has arranged the $11 million sale of two multi-tenant retail pad buildings at Highland Village Shopping Center, a Sprouts-anchored shopping center in Fontana, about 50 miles from Los Angeles. The two buildings total 13,515 square feet and were leased to tenants including Cafe Rio, Jersey Mike’s Subs, Fatburger, Oggi’s Pizza, AB Barber and Crumbl Cookies at the time of sale. Kevin Fryman, Bill Asher and Jeff Lefko of Hanley Investment Group represented the seller, Adler Realty Investments. Mark Stein of CPMC …