Tuesday, March 2, 2010

HFF named to market for sale The Shoppes at Chino Hills in Chino, CA


IRVINE, CA – The Orange County office of HFF (Holliday Fenoglio Fowler, L.P.) announced today that it has been named to market for sale The Shoppes at Chino Hills, (above centered photo)  a 380,000-square-foot trophy lifestyle center in Chino Hills, California.

HFF senior managing director Ryan Gallagher (middle right photo)  and directors Kelly Rohfeld, (bottom  left photo) Bryan Ley and John Crump will market the property on behalf of the seller, a bank consortium group. There is no formal asking price for the property.

Located at 13800-13920 Village Center Drive in Chino Hills, The Shoppes at Chino Hills is part of a larger master planned project that includes the Chino Hills Civic Center, Chino Hills City Hall, Chino Hills Police station and the public library.

 The property was designed by Altoon + Porter architects and was completed in 2008. The 87% leased property is anchored by XXI Forever, H&M, Trader Joes, Banana Republic, Victoria’s Secret and Barnes and Noble.

“This is a really rare opportunity to pick up a trophy asset, at a discount, 18 months after it was developed," Gallagher says.

"This is an asset that would not be available if it hadn't been for the entity-level bankruptcy of Opus West,” added Gallagher.

Contacts:

Ryan Gallagher, Ca. Lic. # 01269918, HFF Senior Managing Director, (949) 253-8800, rgallagher@hfflp.com
Kristen Murphy, HFF Associate Director, Marketing, (713) 852-3500, krmurphy@hfflp.com

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