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| Reseda Plaza, 18300 Vanowen, Reseda, CA |
LOS ANGELES, CA, Oct. 7, 2013 – Charles Dunn Company, one of the
largest full-service regional real estate firms in the western United States,
has completed the sale of a Reseda Plaza, a 10,000-square-foot shopping
center located near Reseda Blvd and the 101 Freeway at 18300 Vanowen in
Reseda.
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| Cheryl Pestor |
Paul Kenworthy represented
the buyer, a Los Angeles-based private partnership, Collins 36 Ltd. Cheryl
Pestor of NAI Capital represented the private seller. The closing cap rate
was 6 percent.
“This property is fully occupied
with Popeye’s Chicken as its anchor tenant,” said Kenworthy. “The buyer was
attracted to a stable, passive investment in a well-located, heavy populated
area.”
Charles Dunn Company is one of the
largest full-service regional real estate firms in the western United States.
Established in 1921 and headquartered in Los Angeles, the firm’s brokerage
practice continues
to be a market leader.
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| Paul Kenworthy |
The firm also manages more than 21
million square feet of office, industrial, retail, residential and mixed-use
properties for third party clients and provides construction management,
architecture and design, general contracting and capital markets services.
With more than 260 team members in
nine offices, Charles Dunn Company’s reach extends far beyond its physical
locations, as its experienced professionals leverage their market knowledge,
relationships, and expertise to achieve and exceed client expectations. www.charlesdunn.com
For a complete copy of the
company’s news release, please contact:
Darcie Giacchetto
D.G. Communications, Inc.
949.278.6224
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