Voit Commercial Brokerage's Anaheim team consisting of LouisTomaselli, Mitch Zehner, John Pagliassotti and Jimmy Vamesrepresented both the buyer and the seller.
Fujita was also the developer of the project, which is near theintersection of North La Brea and Florence avenues and in an areathat includes a combination of housing and commercialdevelopment.
Tomasellij says the buyer acquired the center as a secure,income-producing investment in light of the long-term leases signedby the tenants. Walgreens has inked a 20-year deal for space at thecenter, and Buy Low has signed a 10-year lease.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
