Dallas -- Cypress Equities announced the acquisition of The Strand, a 96,000-sq.-ft. mixed-use development located in Huntington Beach, California.
The transaction was secured by a fund managed by Cypress’ real estate investment management group, which has acquired more than $500 million dollars of retail properties during the past two years.
The Strand was constructed in 2008 and is made up of four buildings situated in the heart of Huntington Beach; tenants include Rip Curl Surf Shop, Skechers, ANGL, Crocs, RA Sushi, Forever 21, Johnny Rockets, CVS Pharmacy, Active Ride Shop and Bruxie Gourmet Waffle Sandwiches.