New Jersey-based BlackRock Realty sold three Los Angeles-area retail centers totaling 276,831 square feet for a combined price of $94.2 million.

In the first deal, Plaza de Hacienda, a 154,692-square-foot shopping center located at 1801 N. Hacienda Blvd. in La Puente, sold for $33.8 million to a Los Angeles-based private investor. The property, which was built in 1992 with additional phases added in 1995 and 2001, was 100 percent leased at the time of sale to tenants that included Food 4 Less, A.J. Wright and Big 5 Sporting Goods.

The remaining two properties, Gateway at Burbank and Creekside Place, were purchased by a Bellevue-Wash.-based private investor.

Gateway, a 74,391-square-foot retail center located at 25-113 W. Alameda Ave. in Burbank, sold for $37.6 million. Built in 1999, the property was 100 percent leased at the time of sale, and was anchored by Ralphs and CVS. Creekside Place, a 47,748-square-foot shopping center located at 23626-23630 Valencia Blvd. in Santa Clarita, sold for $22.8 million. Constructed in 1995, the property was 100 percent occupied at the time of sale, and was anchored by Barnes & Noble and Applebee’s.

Show Comments Hide Comments


Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Thank you for subscribing to Morning Headlines.
Back to top
Time is running out to secure your Connect Now tickets at the lowest price. Don't miss out on a chance to grow yourself and your business.Learn More×
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription