Thank you for sharing!

Your article was successfully shared with the contacts you provided.

CLOVIS, CA-Alda Clovis Associates, a California limited partnership, has sold the Clovis Town Center, a retail center in Clovis, for nearly $10 million to a Northern California private investor.

The Clovis Towne Center is located at 90 West Shaw Ave. The asset was developed in 1984 and encompasses 133,000-sf of a total 282,000-sf center on an 11.05-acre parcel. The sales price was $9.75 million, which represents $73.27 per sf.

The center’s tenant roster includes B. Dalton Booksellers, Ross Dress for Less, Clothestime, Wells Fargo Financial, Western Wearhouse, Dollar Tree, Fashion Bug and is shadow anchored by Von’s Supermarket, United Artists Theaters and On the Border Mexican restaurant. At the time of the sale, the center was 85 percent occupied.

The transaction was brokered by Trilochan Virdi, a senior associate in the Marcus & Millichap Palo Alto office.

Once considered a mostly rural area, realtors say the Clovis and Fresno areas are being more popular with businesses and commercial development. Clovis is home to such successful businesses as Pelco, Apollo Dental Products, Mi Rancho Tortilla, Anlin Windows, and Valley Chrome. The city has also developed a research and technology business park to attract high tech businesses and further diversify the economy.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.