LOS ANGELES—A publicly traded REIT has purchased Bouquet Center,a 149,000-square-foot grocery-anchored retail center in the SantaClarita, GlobeSt.com has learned exclusively. The details of thetransaction were not disclosed, but we have learned from industrysources that Retail Opportunity Investment Corp. purchasedthe property for nearly $60. The sale price equates to $396 persquare foot.
“Bouquet Center represented a unique opportunity to acquire theentire center including the anchors, shop tenants and padbuildings,” Ed Hanley, president of Hanley Investment GroupReal Estate Advisors, tells GlobeSt.com. Hanley represented theseller in the transaction, along with SVP Kevin Fryman, andfor confidentiality reasons was limited in what he could discussabout the sale.
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