Retail deal in California’s Central Valley

Price per square foot tops $163

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Lee & Associates represented a private investment group in the purchase of The Visalia Retail Center, a 102,164-square-foot retail asset in Visalia, Calif. The property, which is located at 3400 Mooney Blvd., was sold for more than $16.7 million. Ashley, Kerns, Baker Properties Ltd., a Texas partnership, sold the facility, which at the time of sale included tenants such as Anna's Linens, dd's, Petco, Joann's Fabrics and Kragen Auto Parts. Lee & Associates is a commercial real estate service provider operating in California, Arizona, Nevada, Missouri, Illinois, Michigan, New Jersey, Texas and Wisconsin. ...