 |
| Hawaiian Gardens Town Center, 12090-12144 Carson Street Hawaiian Gardens, CA |
 |
| CJ Osbrink |
IRVINE, CA – May 6, 2015 – Holliday Fenoglio Fowler, L.P.
(HFF) announced today that it has closed the $33 million sale of Hawaiian Gardens Town Center, a
124,645-square-foot, grocery-anchored retail center in the Southern California
community of Hawaiian Gardens.
HFF marketed the property on behalf of the seller, an
affiliate of HP Investors, LLC (www.hpinvestors.com). JH Real Estate Partners, Inc. purchased the
asset free and clear of existing debt.
Hawaiian Gardens Town Center underwent renovations in 2012
and 2013 and consists of five one-story buildings.
The center is
anchored by Walmart Neighborhood Market and is 95 percent leased to a diverse
roster of national and regional tenants including O’Reilly Auto Parts, Sally
Beauty Supply, MetroPCS, Hertz Rent-a-Car and Rent-a-Center.
Located on 10.7 acres at 12090-12144 Carson Street in the South Bay submarket, the property
is immediately off of the 605 freeway about 21 miles from Los Angeles in southeastern
Los Angeles County near its border with Orange County.
 |
| Ryan Gallagher |
The center is located at a “main and main” intersection in Hawaiian Gardens and is within walking distance to the city’s largest employer, the Hawaiian Gardens Casino.
The HFF investment
sales team representing the seller was led by associate director CJ Osbrink, senior managing director Ryan Gallagher and managing director Bryan Ley.
“Hawaiian Gardens Town Center saw a broad spectrum of buyers
from private high net worth and exchange driven investors to REITs and
institutional advisors,” Osbrink said.
“The property’s long-remaining lease
term with the credit anchor, stable rent roll and high-traffic location checked
several boxes that many investors are looking for in retail acquisitions
today.”
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
No comments:
Post a Comment