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Newbury Park, Calif. — CBRE has arranged the $15.3 million sale of The Terrace, a two-level, 39,634-square-foot shopping center located in Newbury Park.
Tenants at the fully occupied property include Orangetheory Fitness, Hot Yoga 1000, Road Runner Sports and Bottle and Pint. Philip Voorhees, Jimmy Slusher, Megan Wood, Matt Burson, Todd Goodman, John Read and Preston Fetrow of CBRE represented the seller, a Los Angeles-based private investor, in the transaction. A Los Angeles-based private investor partnership acquired The Terrace with funds from a refinance on a long-held multifamily property in the nearby San Fernando Valley.