Northgate González Markets purchases property for store relocation

Newport Beach, Calif. -- X Team International announced that partner Strategic Retail Advisors negotiated the purchase of a 104,423-sq.-ft. property at La Habra Towne Centre located in La Habra, California, on behalf of Northgate Gonzalez Markets.



La Habra Town Centre is situated on 9.2 acres and is currently home to CVS, Petco and Jack in the Box. Nelson Wheeler and Blaine Bush of SRA represented Northgate Gonzalez Markets. Jones Lang LaSalle represented the seller.



“Northgate González Market is a great addition to the existing tenant mix in this neighborhood shopping center,” said Bush. “We are honored to add another easily accessible tenant to this highly visible area in Southern California and contribute to Northgate’s strategy to own more of its real estate.”



The $8 million purchase by Northgate González Markets will help to expand their footprint by relocating into a renovated space that will allow the retailer to increase its offerings. Slated for opening late in 2016, Northgate González Market’s renovation will transform the store into a Spanish colonial theme.