{"id":1004093110,"date":"2014-03-21T12:40:01","date_gmt":"2014-03-21T20:40:01","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=248546"},"modified":"2022-03-03T15:29:11","modified_gmt":"2022-03-03T23:29:11","slug":"retail-opportunity-investments-buys-poway-center-for-40m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/retail-opportunity-investments-buys-poway-center-for-40m\/","title":{"rendered":"Retail Opportunity Investments Buys Poway Center for $40M"},"content":{"rendered":"

By Alex Girda, Associate Editor<\/em><\/p>\n

Creekside Plaza, a 128,852-square-foot retail center in Poway, has been acquired by San Diego-based Retail Opportunity Investments Corp. in a $43.9 million deal. The transaction was arranged by a team of HFF representatives, who worked on behalf of seller Azure Creekside Corp., a Glendale, Calif.-based company. Azure is a client of American Realty Advisors, which handled the sale of the asset.<\/p>\n

The property is a star performer in the area in terms of its good occupancy and solid tenant roster in an active submarket . According to rentv.com<\/em><\/a>, the retail center consists of six buildings located at 13409-13595 Poway Road. It was built in 1993 and was most recently renovated in 2005. At the time of the transaction, the property was fully leased.<\/p>\n

Creekside Plaza is anchored by a Stater Bros. grocery store and a Digiplex cinema. Tenants include Chipotle, FedEx Office, Jiffy Lube, Starbucks and Baskin-Robbins. John Jennings of Cushman & Wakefield Inc. serves as leasing representative.<\/p>\n

Retail Opportunity Investments specializes in necessity-based community and neighborhood shopping centers anchored by national supermarket brands and drugstores. At the end of last year, the company’s portfolio totaled 5.8 million square feet at 54 properties. <\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

A retail center in Poway was the object of a recent commercial transaction when San Diego-based Retail Opportunity Investments Corp. paid a total of $43.9 million for the Creekside Plaza. The transaction was arranged by a team of HFF representatives, who worked on behalf of seller Azure Creekside Corp, a Glendale-based company. Azure is a client of American Realty Advisors, who handled the sale of asset.<\/p>\n","protected":false},"author":41,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742,1608],"tags":[],"class_list":["post-1004093110","post","type-post","status-publish","format-standard","hentry","category-latest","category-san-diego"],"acf":[],"yoast_head":"\nRetail Opportunity Investments Buys Poway Center for $40M - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/retail-opportunity-investments-buys-poway-center-for-40m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Retail Opportunity Investments Buys Poway Center for $40M\" \/>\n<meta property=\"og:description\" content=\"A retail center in Poway was the object of a recent commercial transaction when San Diego-based Retail Opportunity Investments Corp. paid a total of $43.9 million for the Creekside Plaza. 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