Chicago-based Mesirow Financial has acquired a four-building grocery store portfolio in Southern California. The total value of the portfolio was $28 million. The recently built properties, located in Victorville, Hesperia and Ridgecrest, were net leased to Stater Brothers at the time of sale. Totaling 151,802 square feet, each grocery store anchors a large destination shopping center along a high-growth transportation corridor. China Lake Shopping Center in Ridgecrest, Hook Boulevard Shopping Center and Bear Valley Shopping Center in Victorville, and Main Street Shopping Center in Hesperia represent the 'core' shopping locations for their respective cities. Massachusetts-based Boston Capital was the seller. Cushman & Wakefield is a privately held real estate services firm. *** What's your opinion? Send your Letter to the Editor to opinion@inman.com....
Learn the New Luxury Playbook at Luxury Connect | October 18-19 at the Beverly Hills Hotel
Comments