Walnut Creek, Calif. — Multiple owners sell 36,182-square-foot center for $21.75 million.
The Shops at Oak Creek in Agoura Hills, Calif.Walnut Creek, Calif. — Loja Real Estate has purchased the Shops at Oak Creek in Agoura Hills, Calif., for one of the firm’s separate accounts. Loja Real Estate is a wholly owned subsidiary of Loja Group, a real estate investment management firm.
Loja Real Estate purchased the property from multiple owners for approximately $21.75 million. The center is the sixth acquisition anchored by Trader Joe’s and the second in 2012.
The property is a 36,182-square-foot multi-tenant shopping center developed in 2010, on 5.45 acres.
The selling entities were represented by Matthew May of May Realty Advisors. Loja Group has retained Colliers International to manage the property.