Wednesday, January 3, 2018

HFF announces the sale of 15,690 SFgrocery-anchored shopping center in Southern California

Gleb Lvovich

       NEWPORT BEACH, CA –– Holliday Fenoglio Fowler, L.P. (HFF) announces the sale of Quarry Creek Plaza, a 15,690-square-foot retail center shadow anchored by Albertsons in the Southern California coastal community of Oceanside.

The HFF team marketed the property on behalf of the seller, Quarry Creek Investors. 

Completed in 2003, Quarry Creek Plaza is 92.6 percent leased to a variety of internet-resistant tenants, including Jamba Juice, Subway, Los Tacos, Poki Poki, Supercuts, America Dry Clean, Happiness Nails and Smashburger.  The center is shadow anchored by Albertsons and is directly across from a Walmart Supercenter, both of which provide a necessity-based “daily-needs” draw to the property. 

Additional shadow-anchors include PetSmart and Kohl’s, which have a regional attraction.  Quarry Creek Plaza is at 3460 and 3480 Marron Road where Mason Road intersects with College Boulevard and is exposed to more than 51,000 vehicles per day. 

 The center is in Oceanside, a town 38 miles north of downtown San Diego, at the entrance to The Preserve, a master-planned community in Carlsbad with more than 570 homes under construction.  More than 119,318 residents earning an average annual household income of more than $93,000 live within a three-mile radius of the center. 

Mike Moser
The HFF retail investment advisory team representing the seller included Gleb Lvovich along with Mike Moser, partner at Retail Insite, who worked on the center leasing and assisted in deal execution.

“The sale of Quarry Creek Plaza represents investor’s continued interest in acquiring internet-resistant retail environments consisting of food and services tenants,” Lvovich said.

Holliday GP Corp. ("HFF") is a real estate broker licensed with the California Department of Real Estate, License Number 01385740.

For more information on this transaction, please contact:

HFF Digital Content/Public Relations Specialist
(713) 852-3420

HFF announces capitalization of Market Station in Denver, CO

Market Station Mixed-Use Development, Lower Downtown District, Denver, CO

Eric Tupler
DENVER, CO – Jan. 3, 2018 – Holliday Fenoglio Fowler, L.P. (HFF) announces capitalization of Market Station, a 370,000-square-foot, Class A mixed-use development in the heart of Denver’s Lower Downtown (LoDo) district.

HFF worked exclusively on behalf of the developer, Continuum Partners, a Denver-based firm specializing in building urban, mixed-use developments, to arrange a joint venture equity partnership for the development of the property with Clarion Partners, LLC.

Due for completion in 2019, Market Station will provide a premier live-work-shop environment in the heart of the thriving LoDo district combining urban living space with best-in-class amenities, premier high-street retail and well-located office space.

The property will consist of 225 multi-housing units; approximately 85,000 square feet of first- and second-floor retail; 95,000 square feet of office; and approximately 320 shared parking spaces operated in an all-valet system.  The site occupies nearly a full city block bordered by 16th Street, Market Street, 17th Street and Blake Street.

The HFF team representing the developer included senior managing director Eric Tupler, managing director Josh Simon, senior director Peter Merrion and director Mark Williford.

For more information on this transaction, please contact:

HFF PR Coordinator, Marketing
(713) 852-3500

 or follow HFF on Twitter @HFF.