{"id":1004147204,"date":"2016-07-06T09:12:08","date_gmt":"2016-07-06T17:12:08","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004147204"},"modified":"2020-05-12T03:54:54","modified_gmt":"2020-05-12T11:54:54","slug":"hff-seals-retail-deal-in-california","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/hff-seals-retail-deal-in-california\/","title":{"rendered":"HFF Seals Retail Deal in California"},"content":{"rendered":"<p>By Ioana Neamt<\/p>\n<div id=\"attachment_1004147205\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/07\/redondo.jpg\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004147205\" data-attachment-id=\"1004147205\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/hff-seals-retail-deal-in-california\/redondo\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/07\/redondo.jpg\" data-orig-size=\"1134,650\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;Ioana Neamt&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1467643259&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"redondo\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/07\/redondo.jpg?w=1024\" class=\"wp-image-1004147205 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/07\/redondo.jpg\" alt=\"Redondo Plaza, Gardena, Calif.\" width=\"300\" height=\"172\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/07\/redondo.jpg 1134w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/07\/redondo.jpg?resize=300,172 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/07\/redondo.jpg?resize=768,440 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/07\/redondo.jpg?resize=1024,587 1024w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004147205\" class=\"wp-caption-text\">Redondo Plaza, Gardena, Calif.<\/p><\/div>\n<p><strong>Los Angeles<\/strong>\u2014<a href=\"https:\/\/www.hfflp.com\/\" rel=\"nofollow\" target=\"_blank\">HFF<\/a> has recently closed the sale of Redondo Plaza, a 28,000-square-foot retail center located in Gardena, Calif. The broker marketed the asset on behalf of seller <a href=\"https:\/\/gerritygroup.com\/\" rel=\"nofollow\" target=\"_blank\">Gerrity Group<\/a>, while <a href=\"https:\/\/www.storm-properties.com\/\" rel=\"nofollow\" target=\"_blank\">Storm Properties Inc.<\/a> acquired the property free and clear of existing debt. Financial terms of the transaction have not been disclosed.<\/p>\n<p>Located at 1550 W. Redondo Beach Blvd. in Gardena, roughly 16 miles south of Los Angeles, the shopping center is situated on one of the area\u2019s main thoroughfares. Fully leased by tenants such as Super Laundry, Crazy Rock\u2019n Sushi, T-Mobile, Domino\u2019s Pizza and Jackson Hewitt Tax Services, Redondo Plaza is anchored by a Smart &amp; Final grocery store.<\/p>\n<p>An HFF retail investment sales team led by Gleb Lvovich, CJ Osbrink and Bryan Ley represented the seller in the transaction.<\/p>\n<p>\u201cHFF generated top-tier pricing, while navigating the rollover of Smart &amp; Final with less than 18 months of lease term remaining and making up more than 65 percent of the gross rent,\u201d said Lvovich in a statement. \u201cIt is a testament to the strong demand for well-located retail.\u201d<\/p>\n<p><em>Image via Google Street View<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The company has arranged the sale of a 28,000-square-foot retail center near Los Angeles.<\/p>\n","protected":false},"author":192,"featured_media":1004147205,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,1594,21742,21749,15],"tags":[],"class_list":["post-1004147204","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-los-angeles","category-latest","category-retail","category-west"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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