TA Realty acquires California center

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TA Realty acquires California center

By Jennifer Setteducato - 11/28/2018
A $41 million grocery-anchored shopping center in Los Angeles has been acquired by TA Realty.

The 112,335-sq.-ft. Santa Fe Trail Plaza in El Monte, California, completed construction in 2016 and features such tenants as Superior Grocers, Ross Dress for Less, Petco, Five Below (opening soon), Starbucks, Subway, Jack In the Box, AT&T, Chipotle, Jersey Mike’s, Flame Broiler, Wing Stop, UPS and others.

CBRE retail experts Sean Heitzler, Kirk Brummer and Philip D. Voorhees represented the joint-venture partnership of the Festival Companies of Los Angeles and Hutensky Capital Partners (HCP) of Hartford, Conn.

“This transaction once again demonstrates that high-performing grocery-anchored centers located within dense, infill trade areas continue to be in high demand, particularly from institutional investors,” said Brummer.

With this closing, CBRE's NRP-West team topped $11 billion in successfully closed retail investment sale transactions.

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