Park City Main Street's new acquisition is at 12254 Carson andis leased on a long-term basis by Food 4 Less, according to DixieWalker and Peter Spragg of the Newport Beach office of Grubb &Ellis. The two Grubb & Ellis brokers represented the seller,Los Angeles-based NF Hawaiian Gardens LP, with the buyerrepresented by Sperry Van Ness.
Walker notes that the seller bought the property four years agowith the intention of developing the adjoining land, which he alsoowned. The adjoining land had formerly been occupied by a Home BaseStore that went dark.
"The owner of the nearby Hawaiian Gardens Casino found out aboutthe redevelopment plans and offered to buy the land in order toexpand the casino," Walker says. "The offer was accepted. Theseller then decided to put the Food 4 Less property on themarket."
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