Erewhon-anchored shopping center blows past priciest retail sale of last quarter
A shopping center in the ritzy enclave of Calabasas anchored by luxury grocer Erewhon is under new ownership. Washington, D.C.-based Edens bought The Summit at Calabasas retail property at 26767 Agoura Road in Calabasas for roughly $57 million, L.A. Business First reported. Dollinger Properties, which developed the 72,000-square-foot shopping complex, was the seller, getting nearly $800 per square foot. Edens plans “continued investment” in the property but did not share further details. In addition to the 16,250-square-foot Erewhon store, the property also has tenants including Philz Coffee, Exer Urgent Care, Crane Pilates and Nishi Sushi. The acquisition “reflects the high-quality […]This article originally appeared on The Real Deal. Click here to read the full story.
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