Thursday, June 23, 2011

HFF closes sale of Bressi Ranch Village Center in Carlsbad, CA


 IRVINE, CA – HFF announced today that it has closed the sale of Bressi Ranch Village Center (top left photo), a 111,403-square-foot, trophy grocery-anchored retail center in Carlsbad, California.

HFF marketed the property on behalf of the seller, LNR Property LLC’s Commercial Property Group (“LNR”).  Cornerstone Real Estate Advisers LLC, one of the world’s largest real estate investment advisers, purchased Bressi Ranch on behalf of one of its institutional clients.

Located in the coastal Southern California city of Carlsbad, Bressi Ranch Village Center is part of the prestigious 525-acre master planned Bressi Ranch development. 

 Constructed in 2009 after nearly seven years of planning, the center is 96 percent leased and is anchored by Stater Bros., Trader Joes, Unleashed by PETCO, Souplantation Express, Chase Bank and Rubios.

The HFF team representing LNR was led by senior managing directors Ryan Gallagher  (middle right photo)and Tim Wright (bottom left photo) and associate director Ryan Hertel. 

 Stewart Keith and Bill Thaxton of Flocke and Avoyer were the local market leasing representatives for the team.

 More information is at www.cornerstoneadvisers.com
.
 Contacts:
Ryan Gallagher, Ca. Lic. # 01269918,  HFF Senior Managing Director,
 (949) 253-8800, rgallagher@hfflp.com
 Timothy Wright, Ca. Lic. #00947194, HFF Senior Managing Director,
(858) 552-7690, twright@hfflp.com
Kristen Murphy, HFF Associate Director, Marketing, (713) 852-3500,

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