CBRE arrenges sale of California shopping center
SITE Centers has sold Vista Village which is a 195,000 square foot entertainment focused shopping center in Vista, California to a Nevada based investor.
CBRE’s National Retail Partners- West Vice President Jimmy Slusher, Associate Eric Shain, Vice Chairman Philip Voorhees, along with San Dieogo based Senior Vice President Reg Kobzi and his retail team represented both parties in the transaction.
Slusher said in statement, “In addition to growing residential density around the asset, Vista Village offered a blend of traditional and experience-based tenancy alongside a high performing natural grocer, all in strong demand from investors. The non-traditional site plan was complemented by a city-owned water park and served by a heavily trafficked light rail, making Vista Village a staple of the surrounding community.”
The center was built in 2003. It includes a 41 unit apartment community within the property. The center is located at 235-401 Vista Village Drive in a dense residential area.
It benefits from frontage along Vista Village Drive and easy access to Highway 78. The assets’s tenant roster includes Frazier Farms, Cinepolis, Pets Plus and Crunch Fitness.
Source: CP Executive
Fulya Altunyay/ [email protected]