An ALDI retailer anchors Buena Park Place. Picture courtesy of JLL Capital Markets
SITE Facilities Corp. has bought Buena Park Place, a 208,572-square-foot grocery-anchored buying middle in Buena Park, Calif. The Orange County asset was totally leased on the time of sale.
JLL Capital Markets brokered the transaction; Managing Administrators Bryan Ley, Gleb Lvovich and Geoff Tranchina, along with Senior Director Dan Tyner and Director Tim Kuruzar, led the Funding Gross sales Advisory workforce which labored on behalf of the vendor.
Accomplished in 1961, Buena Park Place underwent a beauty renovation in 2016. Anchored by ALDI and shadow-anchored by Carl’s Jr. and Starbucks, the retail middle has a various mixture of native and nationwide tenants similar to Kohl’s, PetSmart, ULTA, Planet Health, Michael’s, Greenback Tree, Chick-Fil-A, Blaze Pizza, Panda Categorical and ONO Hawaiian BBQ.
Situated at 8191-8371 La Palma Ave., Buena Park Place ranks within the prime 6 p.c of buying facilities nationwide with 3.9 million annual guests. The property is near the intersection of Interstate 5 and CA-91 Freeway, which give quick access to Los Angeles and Santa Ana, Calif.
Buena Park Place is in an space the place the each day visitors depend reaches roughly 263,800 automobiles. The retail middle serves round 626,520 people inside a 5-mile radius, with the typical family earnings exceeding $103,000.
SITE Facilities has lately bought Melbourne Buying Heart, a 211,006-square-foot Publix-anchored retail middle in Melbourne, Fla. JLL Capital Markets represented the vendor, procured the client and organized the acquisition financing.
