California Centers Magazine serves retailers, developers, shopping center owners, investment sales brokers and tenant representation firms throughout the state of California.
Issue link: https://californiacenters.epubxp.com/i/472297
March 2015 | California Centers Magazine 25 C C Real Estate Transactions LOS ANGELES COUNTY AGOURA HILLS A 19,481 sq. ft. portion - of an 82,226 sq. ft. boutique center, located at 29020 Agoura Road, has been sold for $5.65 million. Ken Simon, with NAI Capital in Westlake Village, represented the seller, Agoura Hills Shopping Center Capital LLC. Ron Delson represented the buyer, GJD Holdings, L.P., a local investor which undertook a 1031 exchange, so no loan was needed and the transaction closed quickly. The recently remodeled retail property's tenants include Prime Steakhouse and Teague Pilates. ENCINO A ftness facility – a 1,987 sq. ft. lease for a ftness studio opening at 15928 Ventura Boulevard. Alex Shabani, with Centers Business Management in Los Angeles, represented the lessor in the transaction. A Thai food restaurant – a 2,024 sq. ft. lease for a restaurant opening at 15928 Ventura Boulevard. Alex Shabani, with Centers Business Management in Los Angeles, represented the lessor in the transaction. A pizza restaurant – a 600 sq. ft. lease for a restaurant opened at 15928 Ventura Boulevard. Alex Shabani, with Centers Business Management in Los Angeles, represented the lessor in the transaction. GLENDORA Glendora Marketplace – a 22,000 sq. ft. retail center, located at Lone Hill Avenue and Gladstone Street, has been acquired out of receivership by Storm Properties Inc. in an all cash transaction. Glendora Marketplace features tenants Verizon Wireless, Game Stop, Baja Fresh and Ortho Mattress. It is part of an 800,000 sq. ft. master planned retail power center that features anchors The Home Depot, Sam's Club, Kohl's, Best Buy and AMC Theaters. "We were well positioned to take advantage of a short time frame required by the court to conduct due diligence and close escrow without contingencies," remarked Storm Properties' President Jay Ahluwalia. HUNTINGTON PARK A donut shop – a 952 sq. ft. lease for a baked goods store opening at 2811 E. Gage Avenue. Rose White, with Centers Business Management in Los Angeles, represented the lessor in the transaction. LONG BEACH Valvoline – a 2,200 sq. ft. lease for an oil change station opening at 3543 E. Anaheim Street. Geoff Grossman, with Centers Business Management in Los Angeles, represented the lessor, ABC Carwash, in the transaction. An oil change facility – a 2,200 sq. ft. lease for an oil change automotive service station opening at 3543 East Anaheim Street. Geoff Grossman, with Centers Business Management in Los Angeles, represented the lessor in the transaction. NORTH HILLS A pawn shop / pharmacy – a 1,600 sq. ft. lease for a pharmacy facility opened at 9138 Sepulveda Boulevard. Rose White, with Centers Business Management in Los Angeles, represented the lessor, 9136 Sepulveda, LLC, in the transaction. PASADENA A 6,340 sq. ft. 7-Eleven center – located at 2717-2723 E Colorado Boulevard, has sold after a very short time on the market. It sold for over 99% of list price at $3,175,000. Alex Kozakov and Patrick Wade, with CBRE, represented the seller, Festival Companies, in the transaction, which amounted to over $864 per sq. ft. The team procured a private buyer with a 14-day due diligence and no loan contingency. RANCHO PALOS VERDES A Health Food Store – a 1,285 sq. ft. lease for a store opening at 29223 S. Western Avenue. Agent Ozell, with Centers Business Management in Los Angeles, represented the lessor in the transaction. A 2,072 sq. ft. lease – for a Biometric ID and Background Check offce opening at 29050 South Western Avenue. Agent Ehrenpreis, with Centers Business Management in Los Angeles, represented the lessor in the transaction. TARZANA A & C Restaurant – a 2,200 sq. ft. lease for a restaurant opening at 19548-50 Ventura Boulevard. Alex Shabani, with Centers Business Management in Los Angeles, represented the lessor, Capri Enterprises, in the transaction. A clothing store – a 900 sq. ft. lease for an apparel retailer opening at 18639.5 Ventura Boulevard, Agent Mero, with Centers Business Management in Los Angeles, represented the lessor in the transaction. VAN NUYS A restaurant – a 2,520 sq. ft. lease for a restaurant opening at 13724 Sherman Way. Agent Mero, with Centers Business Management in Los Angeles, represented the lessor in the transaction. A candy store – an 800 sq. ft. lease for a sweet shop opening at 16045 Sherman Way. Agent Levcovitch, with Centers Business Management in Los Angeles, represented the lessor in the transaction. MADERA COUNTY MADERA H&R; Block - a 1,700 sq. ft. lease for a tax services offce opening in retail space located at 1426 E. Yosemite Avenue. Craig Holdener and Troy McKenney, with Newmark Grubb Pearson Commercial, represented the lessor, Q/S Tozer Avenue, LLC. Dennis Nunes represented the lessee in the transaction.