May 12, 2016 Comments Off on Shea Sells 105K-SF Retail to Zurich Views: 389 California News, San Diego, West

Shea Sells 105K-SF Retail to Zurich

NGKF Capital Markets completed a $51-million transaction involving the sale of The Marketplace at Windingwalk, a 104,206-square-foot, grocery-anchored neighborhood retail center in the Eastlake submarket of south San Diego County. The property was 96% occupied at the close of escrow.

The retail asset was built in 2008 and is situated on a 9.3-acre parcel of land at 1754 to 2160 Eastlake Pkwy. in Chula Vista, CA. The center offers major brands including anchor tenant, Vons Supermarket, In-N-Out Burger, Wells Fargo, and Bank of America, as well as a strategic mix of regional and local tenants.

NGKF Capital Markets retail division’s Pete Bethea, Rob Ippolito and Glenn Rudy represented the seller, Aliso Viejo, CA-based Shea Properties. The buyer, New York City-based Zurich Alternative Asset Management, LLC (ZAAM) represented itself.

Connect with NGKF’s Bethea

Connect with NGKF’s Ippolito

Connect with NGKF’s Rudy

Share on FacebookTweet about this on TwitterShare on LinkedInEmail this to someone

Tags: , , ,

Comments are closed.