Phillips Edison pockets another San Gabriel Valley shopping center
Another Southern California shopping center has traded hands. Phillips Edison & Company paid roughly $25.8 million for the retail plaza at 312 South California Avenue in West Covina, Commercial Observer reported. The Ohio-based retail-focused real estate investment trust acquired the 46,800-square-foot property from Golden East Investors. The price works out to $511 per square foot. The shopping center was 88 percent occupied at the time of sale. Tenants include Bank of America, California Fish Grill and America’s Best Contacts & Eyeglasses. The property is across South California Avenue from Pacific Retail Capital Partners’ Plaza West Covina mall, anchored by tenants […]This article originally appeared on The Real Deal. Click here to read the full story.
Categories
Recent Posts
WeHo apartment, retail project planned for key La Brea corridor
Beverly Hills approves another builder’s remedy project despite community pushback
A Welsh Estate That Starred in ‘Rivals’ Lists for $10.6 Million
Obsession: The Under-$200 Upgrade I Can’t Stop Recommending
How to Live Like Brunello Cucinelli
Big “Blue” mansion: Joni Mitchell’s former oceanfront abode hits market for $27M
For $1.6M, You Can Nab an Updated Bay Area Eichler With a Detached ADU
Construction report: Samuelian Group nearly doubles unit count for Silver Lake Flats, secures permits
Site of the Louvre Heist Reopens—Without Jewelry
Joni Mitchell’s Onetime Malibu Estate—Plus 4 More Luxury Homes for Sale
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
26895 Aliso Creek Rd, B-603, Aliso Viejo, California 92656, USA