The Row on Harbor. Picture courtesy of JLL Capital Markets
DMI Actual Property Group has bought The Row on Harbor, a 23,314-square-foot retail strip middle in La Habra, Calif. The customer acquired the property in a 1031 all-cash trade.
Accomplished in 1972 and utterly renovated in 2020, the retail middle options 15 shops and roughly 120 parking areas. The procuring middle contains a mixture of extremely rated eating places and retail companies.
Tenants on the property embrace AkaFuji, Bodhi Leaf Espresso Merchants, EggBred, Feu Noodle Bar, Harbor Mexican Café, Furai Rooster, Cuzco Peruvian Restaurant, AKT Health, Sisu, Beauteous Nails, Code Ninjas and Membership Pilates. The Row on Harbor was 100% leased on the time of sale.
The retail middle is positioned at 1450-1478 S. Harbor Blvd., on the border of La Habra and Fullerton, in an prosperous Orange County space. The property is located close to the Imperial Freeway and Harbor Boulevard intersection, in an space the place the day by day visitors depend reaches roughly 38,000 automobiles. The Row on Harbor serves households with a median earnings of $140,000 inside a 1-mile radius.
JLL Capital Markets brokered the transaction, with Senior Director Daniel Tyner and Managing Administrators Geoff Tranchina and Gleb Lvovich engaged on behalf of the vendor. One other JLL Capital Markets staff led by Senior Managing Administrators Jose Cruz and Kevin O’Hearn, Director J.B. Bruno and Affiliate Mark Belenky represented AFL-CIO Constructing Funding Belief within the $71 million sale of a 395,000-square-foot grocery-anchored retail middle in Riverhead, N.Y.
