Anaheim retail changes hands, gets facelift

Furniture store subleases space from grocer

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A 35,100-square-foot retail center in Anaheim, Calif., recently sold for $3.6 million, brokerage Charles Dunn Co. announced Thursday. Located at 1020-1098 N. Euclid Ave., M&A Gabaee purchased the asset from HEM Properties LLC. The retail center consists of two leased buildings; the larger building totals approximately 32,800 square feet and is occupied by Dearden's, a California based furniture store; the second building is 2,300 square feet and houses a noncommercial insurance agency. According to a press statement, the building that occupied by Dearden's was previously home to a Ralph's supermarket, which has subleased its space to Dearden's. After the sale was final, Ralph's paid for significant interior and exterior renovations to the building for the new tenant, making the transaction a value-added deal for the buyer. *** What's your opinion? Leave your comments below or send a letter to the editor. ...