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| Creekside Plaza, 13409-13589 Poway Road, Poway, CA |
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| Ryan Gallagher |
IRVINE, CA – HFF announced it has closed the sale of Creekside
Plaza, a 128,852-square-foot grocery and cinema-anchored retail center in
the San Diego suburb of Poway, California.
HFF
was retained by American Realty Advisors to market the property on behalf of
one of American’s clients. ROIC
purchased the asset for an undisclosed amount.
Completed in 1993 and renovated in 2005, Creekside Plaza is fully leased
to tenants including Stater Bros. Markets (anchor), a 10-screen Digiplex cinema
(anchor), Chipotle, FedEx Office, Jiffy Lube, Starbucks and Baskin
Robbins.
The property is situated on
12.7 acres at 13409-13589 Poway Road at the intersection of Community Road
close to the 15 Freeway in North San Diego.
The
HFF investment sales team representing the seller was led by senior managing
director Ryan Gallagher and associate director CJ Osbrink.
John
Jennings from Cushman and Wakefield assisted as the local market leasing
representative.
.JPG) |
| CJ Osbrink |
American Realty Advisors is an investment advisor and a leading provider
of real estate investment management services to institutional investors.
With over $5.8 billion in assets under
management, American Realty Advisors has provided real estate investment
management services to institutional investors for over 25 years utilizing core
and value-added commingled funds and separate accounts.
The firm’s
portfolios include office, industrial, multi-family, retail, and other
properties nationwide, all of which are managed on behalf of their
clients. More information regarding
American Realty Advisors can be found at www.americanreal.com.
Retail Opportunity Investments Corp. (Nasdaq:ROIC) is a
fully integrated, self-managed real estate investment trust.
ROIC specializes in the acquisition,
ownership and management of necessity-based community and neighborhood shopping
centers, anchored by national or regional supermarkets and drugstores.
As of December 31, 2013, ROIC owned 54
shopping centers encompassing approximately 5.8 million square feet. Additional information is available at: www.roireit.net.
For a complete copy of the company’s news release, please
contact:
Kristen M. Murphy
Associate Director
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell:
617-543-4873 | www.hfflp.com
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