(For more retail coverage, click GlobeSt.com/RETAIL.)

(To read more on the multifamily market, click here.)

SANTA MONICA, CA-Ten West Wilshire LLC has acquired a 36,535-sf mixed-use retail and residential building in this city’s Downtown for $18.7 million in a 1031 exchange, according to Madison Partners. Mitch Stokes of Madison Partners, who represented both the buyer and seller Tides Building LLC, reports that the property was fully leased at the time of the sale.The building was completed in 2003 and is located a block from the Third Street Promenade. The three-story building includes retail on the first and second stories, with six townhouse-style apartments on the third floor. The retail tenants include Leonidas Chocolates, Lululemon Athletica and the Burke Williams Spa.The Santa Monica property was one of two fully leased centers in Los Angeles County to trade recently. The other was the 28,110-sf San Dimas Town Center in San Dimas.Brad Umansky of Sperry Van Ness in Ontario reports that Rowland Heights-based San Dimas Town Center LLC bought the property from Tustin-based Marketplace Properties for $7.25 million. Umansky represented the seller.San Dimas Town Center is at 124, 144 and 156 E. Bonita Ave., near the 57 Freeway. The shopping center is a three-building property that was built in 2004 and is occupied by a number of national and local tenants.The buyer, represented by Josh Caruana of Marcus & Millichap, assumed a conduit loan at 47% of loan to value and a 5.5% interest rate. The property includes an Albertsons supermarket that was not part of the sale.

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?


© 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.


GlobeSt Net Lease Spring 2024Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information


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 © 2024 ALM Global, LLC. All Rights Reserved.