[IMGCAP(1)]HAWAIIAN GARDENS, CA-A Los Angeles-based family trust called Park City Main Street Mall LLC has acquired a 58,944-sf freestanding retail property, and four tenants have signed leases totaling 105,850 sf in a set of retail transactions here and on the Mile of Tile in Anaheim totaling more than $20 million. Park City paid $14 million for the 58,944-sf building, according to Grubb & Ellis brokers involved in the deal, while the leases were signed by tenants committing to $4.6 million in deals, according to Sares-Regis Group Commercial Property Management Services Division.

Park City Main Street’s new acquisition is at 12254 Carson and is leased on a long-term basis by Food 4 Less, according to Dixie Walker 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 buyer represented by Sperry Van Ness.

Walker notes that the seller bought the property four years ago with the intention of developing the adjoining land, which he also owned. The adjoining land had formerly been occupied by a Home Base Store that went dark.

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