Monrovia Landing Trades Hands for $30M

Telos Capital and Warner Pacific Properties sold the nearly 100,000-square-foot grocery-anchored center.

By Kelsi Maree Borland | August 28, 2019 at 04:00 AM

Monrovia Landing has traded hands for $30.5 million. A joint venture between Telos Capital and Warner Pacific Properties sold the grocery-anchored center to an unnamed buyer based in Los Angeles.

Located at 723-737 E. Huntington Drive, the property is 100% leased to credit tenants, including Aldi, T.J.Maxx/HomeGoods, ULTA Beauty and O'Reilly.

CBRE vice chairman Philip D. Voorhees, Alex Kozakov and Patrick Wade represented the seller in the deal.

NOT FOR REPRINT

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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