BREA, CA, Mar. 6, 2012 – Colliers International, the third largest global real estate services organization, has completed the sale of a 45,283 square-feet retail shopping center named Brea Imperial Center (top left photo) located at the SWC of Imperial Highway and State College. The transaction is valued at $10,501,000 Million.
Christopher E. Maling (middle right photo) and David Maling (lower left photo), both Senior Vice Presidents based in Colliers International’s Downtown Los Angeles office, represented the Seller, Trident Pacific Receivership for Midland PNC.
The Buyer, Bequer Investments, LLC was represented by Arthur Flores of CB Richard Ellis.The center is currently operating at approximately 71% occupancy and has a mix of local and national tenants including Carl’s Jr., Active Ride Shop and Bank of the West.
With more than 38 offers, 14 of which were above the listed price.” said Maling “we were able to sell the asset for $1.3 million over the listed price.” added Maling. “The Maling Team leveraged the Colliers platform coupled with a top tiered marketing strategy which led us to generate multiple offers and close within 75 calendar days with an all cash buyer.” said Maling.
Contact:
Jennifer Hsieh
Regional Marketing Manager
+1 949 724 5545
No comments:
Post a Comment