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by CareyBot

Inland Western Retail Real Estate Trust purchased its first two California properties totaling 199,806 square feet in separate transactions. The total value of the transaction s was $79.6 million. The two shopping centers include Larkspur Landing in Larkspur and North Ranch Pavilions in Thousand Oaks. Larkspur Landing is located at 2257 Larkspur Landing Circle. The center comprises 136,994 square feet of specialty boutiques, retail stores and restaurants. The center, which has recently undergone more than $11 million in renovations, features a diverse tenant lineup that includes Bed, Bath & Beyond; 24-Hour Fitness; AAA; Starbucks; Weight Watchers; and others. Inland Western purchased the center for $61.1 million. Inland Western also recently acquired the 62,812-square-foot North Ranch ...