{"id":1004194916,"date":"2017-10-30T03:41:39","date_gmt":"2017-10-30T11:41:39","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004194916"},"modified":"2022-12-08T19:14:17","modified_gmt":"2022-12-09T03:14:17","slug":"la-retail-center-sells-for-38m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/la-retail-center-sells-for-38m\/","title":{"rendered":"LA-Area Retail Center Sells for $38M"},"content":{"rendered":"<p>By Alex Ciorogar<\/p>\n<div id=\"attachment_1004194918\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/Buena-Vista-Market-Place-1155-and-1245-Huntington-Drive-in-Duarte-Calif..jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004194918\" data-attachment-id=\"1004194918\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/la-retail-center-sells-for-38m\/buena-vista-market-place-1155-and-1245-huntington-drive-in-duarte-calif\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/Buena-Vista-Market-Place-1155-and-1245-Huntington-Drive-in-Duarte-Calif..jpg\" data-orig-size=\"800,600\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;2.2&quot;,&quot;credit&quot;:&quot;Joel Zwink&quot;,&quot;camera&quot;:&quot;FC220&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1492253356&quot;,&quot;copyright&quot;:&quot;\\u00a9 Joel Zwink\/Zwink Photography&quot;,&quot;focal_length&quot;:&quot;4.7&quot;,&quot;iso&quot;:&quot;100&quot;,&quot;shutter_speed&quot;:&quot;0.000625&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Buena Vista Market Place, 1155 and 1245 Huntington Drive in Duarte, Calif.\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Buena Vista Market Place, 1155 and 1245 Huntington Drive in Duarte, Calif.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/Buena-Vista-Market-Place-1155-and-1245-Huntington-Drive-in-Duarte-Calif..jpg?w=800\" class=\"wp-image-1004194918 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/Buena-Vista-Market-Place-1155-and-1245-Huntington-Drive-in-Duarte-Calif..jpg\" alt=\"Buena Vista Market Place, 1155 and 1245 Huntington Drive in Duarte, Calif.\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/Buena-Vista-Market-Place-1155-and-1245-Huntington-Drive-in-Duarte-Calif..jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/Buena-Vista-Market-Place-1155-and-1245-Huntington-Drive-in-Duarte-Calif..jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/Buena-Vista-Market-Place-1155-and-1245-Huntington-Drive-in-Duarte-Calif..jpg?resize=768,576 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004194918\" class=\"wp-caption-text\">Buena Vista Market Place, 1155 and 1245 Huntington Drive in Duarte, Calif.<\/p><\/div>\n<p>Gerrity Group bought Buena Vista Marketplace for $38 million. Located at 1155 and 1245 Huntington Drive in Duarte, Calif., the 7-acre, grocery-anchored retail center was sold by Weingarten Realty. The 92,346-square-foot property was 98.5 percent occupied at the time of sale.<\/p>\n<p>Tenants include Smart &amp; Final Extra, Dollar Tree, Wells Fargo, AT&amp;T, UPS, Subway, Flame Broiler and Jamba Juice. Executive Managing Director\u00a0Pete Bethea and Senior Managing Directors\u00a0Rob Ippolito\u00a0and\u00a0Glenn Rudy\u00a0of Newmark Knight Frank\u2019s Capital Markets retail division represented the seller.<\/p>\n<p><em>\u00a0\u201cThis property has been thriving over the years with 60 percent of its existing tenants calling it home since 1995,\u201d<\/em> said Bethea. <em>\u201cBuena Vista Marketplace is not only well-maintained and in a key location, it also has been strategically tenanted with a variety of <a href=\"https:\/\/www.commercialsearch.com\/news\/from-classic-retail-center-to-experiential-shopping-destination\/\">off-price retailers<\/a> as well as services and restaurant options that are key to the vitality and longevity of shopping centers in today\u2019s competitive environment.\u201d<\/em><\/p>\n<p><em>Image courtesy of\u00a0Newmark Knight Frank<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Weingarten Realty sold the 92,000-square-foot retail asset. More than half of its tenants are entering their 22nd year of contract. NKF represented the seller.<\/p>\n","protected":false},"author":928,"featured_media":1004194918,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,1594,21742,21749,15],"tags":[38066,36007,35379],"class_list":["post-1004194916","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-los-angeles","category-latest","category-retail","category-west","tag-gerrity-group","tag-newmark-knight-frank","tag-weingarten-realty-investors"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>LA-Area Retail Center Sells for $38M - 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\/la-retail-center-sells-for-38m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"LA-Area Retail Center Sells for $38M\" \/>\n<meta property=\"og:description\" content=\"Weingarten Realty sold the 92,000-square-foot retail asset. More than half of its tenants are entering their 22nd year of contract. NKF represented the seller.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/la-retail-center-sells-for-38m\/\" \/>\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=\"2017-10-30T11:41:39+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T03:14:17+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/Buena-Vista-Market-Place-1155-and-1245-Huntington-Drive-in-Duarte-Calif..jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Alex Ciorogar\" \/>\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\/la-retail-center-sells-for-38m\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/la-retail-center-sells-for-38m\/\",\"name\":\"LA-Area Retail Center Sells for $38M - 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