DMI Real Estate Group Sells Two Retail Centers in California for $25.5 Million

by Hayden Spiess

La Habra and La Palma, Calif. — DMI Real Estate Group has sold La Palma Collection and The Row on Harbor in California for a total of $25.5 million. The Row on Harbor in La Habra features 23,314 square feet of retail space. At the time of sale, the property was fully leased to 14 tenants, including EggBred, AkaFuji, Furai Chicken, Bodhi Leaf Coffee Traders, Code Ninjas and Club Pilates. A 1031 all-cash buyer acquired the property for $12.5 million. Located in La Palma, La Palma Collection features 23,882 square feet of multi-tenant retail space. A private 1031 exchange buyer acquired the asset for $13 million. Ron Duong of Marcus & Millichap represented the buyer in the deal. Joseph Lising and Daniel Sydor of Cushman & Wakefield, represented DMI in the transactions. 

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