The leasing assignment is for three shopping centers in Long Beach and one in Cerritos that are owned by Bixby, a private REIT and real estate investment and development firm. The Grubb & Ellis team that will manage leasing for the four centers includes associate Terrison Quinn, senior vice president Mark Baziak and associate Peter Spragg, all with the Newport Beach office of Grubb & Ellis. The three Long Beach centers are located in the densely populated area near the Traffic Circle, a roundabout at the intersection of Lakewood Boulevard, Pacific Coast Highway and Los Coyotes Diagonal.
Vons Circle Center is a 150,000-square-foot center bounded by Ximeno Avenue, Atherton Street and Los Coyotes Diagonal. Anchors include Vons, Rite Aid and Ross Dress for Less. Located across the street from Vons Circle Center is Circle Center West. The 65,000-square-foot center is also bounded by Ximeno Avenue, Atherton Street and Los Coyotes Diagonal. Anchors include Marshalls and In-N-Out Burger.
The third is Circle Center, which totals 80,000 square feet at the intersection of Lakewood Boulevard and Los Coyotes Diagonal. Anchors include Ralphs and CVS. The fourth center is Lincoln Station, a 92,000-square-foot property at 11900 South St. in Cerritos. Anchors include Sports Authority, Leslies Pools and Washington Mutual.
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