{"id":1004140659,"date":"2016-03-30T08:40:31","date_gmt":"2016-03-30T16:40:31","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004140659"},"modified":"2022-12-02T17:28:00","modified_gmt":"2022-12-03T01:28:00","slug":"lbg-sells-huntington-beach-retail-property","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/lbg-sells-huntington-beach-retail-property\/","title":{"rendered":"LBG Sells Huntington Beach Retail Property"},"content":{"rendered":"

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

Huntington Beach, Calif.<\/strong>\u2014LBG Real Estate Companies recently sold an asset that it acquired just a year prior. The SoCal investment company that specializes in retail real estate received $18.5 million for the\u00a0Huntington Beach asset. The off-market transaction was brokered by Hanley Investment Group<\/a> representatives Ed Hanley, Bill Asher, and Eric Vu.<\/p>\n

\"10026<\/a>

10026 Adams Ave.<\/p><\/div>\n

The 24,000-square-foot is located at 10026 Adams Ave. and 20002-20052 Brookhurst St. The asset was acquired by LBG in February of last year, and then immediately renovated and put through an extensive leasing process<\/a>.<\/p>\n

During its tenure as owner, LBG targeted the relocation of US Bank and the addition of PetSmart as a result of the redevelopment. The asset is now fully leased with the tenant roster also including Phoenix Salon, Tenet Healthcare, and Orangetheory Fitness. An updated fa\u00e7ade, a new sign program, maximization of the property\u2019s parking, and a makeover of the shop buildings were part of the process.<\/p>\n

According to LBG Principal Leslie Lundin, \u201cdue to the infill nature of this location and difficulty in developing new retail properties in Huntington Beach, this acquisition provided a unique redevelopment and lease-up opportunity.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

Following a year of redevelopment and successful leasing, LBG sold the asset at full occupancy.<\/p>\n","protected":false},"author":237,"featured_media":1004140661,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,21743,21783,1594,21742,15],"tags":[],"class_list":["post-1004140659","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-deals","category-investment","category-los-angeles","category-latest","category-west"],"acf":[],"yoast_head":"\nLBG Sells Huntington Beach Retail Property - 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\/lbg-sells-huntington-beach-retail-property\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"LBG Sells Huntington Beach Retail Property\" \/>\n<meta property=\"og:description\" content=\"Following a year of redevelopment and successful leasing, LBG sold the asset at full occupancy.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/lbg-sells-huntington-beach-retail-property\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2016-03-30T16:40:31+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-03T01:28:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/03\/10026-Adams-Ave..jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1600\" \/>\n\t<meta property=\"og:image:height\" content=\"1066\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Anca Gagiuc\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/lbg-sells-huntington-beach-retail-property\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/lbg-sells-huntington-beach-retail-property\/\",\"name\":\"LBG Sells Huntington Beach Retail Property - 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