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
Six projects from Bin Wu that showcase design "articulated by the East itself"
Westside Estate Agency’s Kurt Rappaport lands $26M for Brentwood spec mansion
Fuel exec aims for $26M on Newport Harbor home
Inside the U.S. Open’s Most Exclusive VIP Suites of 2026
Compass exec’s waterfront Newport Beach mansion flirts with local price record
Tishman Speyer buys pricey Anaheim apartments with help of Freddie Mac loan acquisition
Amanda Seyfried Lists Her Idyllic Hollywood Hills Home for $3.2 Million
Measure ULA challenger backs Steve Hilton for governor
All the Details Behind Arthur Ashe Stadium’s $800 Million New Look
California’s First Passive Solar House Lists Again at Nearly Half Its Previous Asking Price
"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