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| Grand & Alosta Retail Center, 655 South Grand Avenue, Glendora, CA |
LOS ANGELES, CA — Champion Real Estate Company
(“Champion”), announced it has sold Grand & Alosta, a newly
redeveloped 70,811-square-foot grocery anchored retail center located in
Glendora, California to 655 South Grand
Avenue Owner, LLC.
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| Shauna Mattis |
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| Blake Kaplan |
“This was the perfect example of Champion
implementing its value-add business strategy by acquiring an underperforming
asset, redeveloping it into a stable property and selling it to a qualified
owner/operator," said Chris Wilson, Executive Vice President and
Retail Partner with Champion Real Estate Company. "Champion will
look to acquire a multifamily property with the proceeds."
The HFF team of Bryan Ley, Gleb Lvovich and
Justin Kundrak represented the seller. The buyer represented itself.
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| Scott Burns |
Champion Real
Estate Company (“Champion”) was founded in 1987 by veteran investor, developer
and CEO, Bob Champion. Based in West Los Angeles, Champion’s strategy is
to acquire infill properties in “A” locations within markets that are core,
core adjacent or gentrifying to core and implement value accretive
improvements.
For
more information, please contact:
David Ebeling
Ebeling Communications
OR
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