{"id":1004196391,"date":"2017-11-07T05:57:55","date_gmt":"2017-11-07T13:57:55","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004196391"},"modified":"2022-12-07T08:49:47","modified_gmt":"2022-12-07T16:49:47","slug":"u-s-realty-snags-57m-ca-shopping-center","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/u-s-realty-snags-57m-ca-shopping-center\/","title":{"rendered":"U.S. Realty Snags $57M CA Shopping Center"},"content":{"rendered":"<p>By IvyLee Rosario<\/p>\n<div id=\"attachment_1004196403\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/Murrieta-Town-Center-Photo-by-Bob-Fawcett_Peak-15-Photography.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004196403\" data-attachment-id=\"1004196403\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/u-s-realty-snags-57m-ca-shopping-center\/murrieta-town-center-photo-by-bob-fawcett_peak-15-photography\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/Murrieta-Town-Center-Photo-by-Bob-Fawcett_Peak-15-Photography.jpg\" data-orig-size=\"400,310\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;8&quot;,&quot;credit&quot;:&quot;ROBERT FAWCETT&quot;,&quot;camera&quot;:&quot;Canon EOS 5D Mark III&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1481392721&quot;,&quot;copyright&quot;:&quot;ROBERT FAWCETT&quot;,&quot;focal_length&quot;:&quot;35&quot;,&quot;iso&quot;:&quot;200&quot;,&quot;shutter_speed&quot;:&quot;0.6&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Murrieta Town Center Photo by Bob Fawcett_Peak 15 Photography\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Murrieta Town Center Photo by Bob Fawcett_Peak 15 Photography&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/Murrieta-Town-Center-Photo-by-Bob-Fawcett_Peak-15-Photography.jpg?w=400\" class=\"wp-image-1004196403 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/Murrieta-Town-Center-Photo-by-Bob-Fawcett_Peak-15-Photography.jpg\" alt=\"Murrieta Town Center Photo by Bob Fawcett_Peak 15 Photography\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/Murrieta-Town-Center-Photo-by-Bob-Fawcett_Peak-15-Photography.jpg 400w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/Murrieta-Town-Center-Photo-by-Bob-Fawcett_Peak-15-Photography.jpg?resize=300,233 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004196403\" class=\"wp-caption-text\">Murrieta Town Center<\/p><\/div>\n<p>Jade Enterprises sold Murrieta Town Center, a value-add community shopping center in Murrieta, Calif., to an affiliate of U.S. Realty Partners Inc. for $56.6 million.\u00a0<\/p>\n<p>Situated on 32.5 acres at 39815-39885 Alta Murrieta Drive and 40461-40489 Murrieta Hot Springs Road, the 334,939-square-foot shopping center is 81 percent leased and anchored by Burlington, Ross Dress for Less, Famous Footwear, Sizzler, Rite Aid, Marshalls and Dollar Tree. The property is located at the junction of Interstate 15 and 215 Freeway, providing access to San Diego 40 miles north and Orange County 50 miles east.\u00a0<\/p>\n<p>The HFF retail investment advisory team of Bryan Ley, Gleb Lvovich and Justin Kundrak represented the seller in the transaction. The buyer was self-represented. Lvovich was also part of the brokerage team that represented a recent <a href=\"https:\/\/www.commercialsearch.com\/news\/hff-brokers-suburban-la-shopping-center-sale\/\">suburban LA retail<\/a> sale.<\/p>\n<p><em>\u201cMurrieta Town Center generated strong offer activity from institutional and regional capital sources due to the value creation story of the lease-up of the available space and future improvements that could be done at the center,\u201d<\/em> said Ley in prepared remarks.\u00a0<em>\u201cThe strong sales performance of the anchors and in-place tenancy further demonstrated the power of the asset and the continued growth in the submarket. The Inland Empire has been a great job growth story for shopping center sales here, as the region continues to grow jobs and outperforming Orange and Los Angeles Counties quarter over quarter.\u201d<\/em><\/p>\n<p><em>Image courtesy of\u00a0Bob Fawcett Peak 15 Photography<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The 334,939-square-foot Murrieta Town Center, a value-add community shopping center in Murrieta, Calif., is currently 81 percent leased. HFF represented the seller in the transaction. <\/p>\n","protected":false},"author":746,"featured_media":1004196403,"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":[32792],"class_list":["post-1004196391","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-los-angeles","category-latest","category-retail","category-west","tag-hff"],"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>U.S. Realty Snags $57M CA Shopping Center - 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\/u-s-realty-snags-57m-ca-shopping-center\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"U.S. Realty Snags $57M CA Shopping Center\" \/>\n<meta property=\"og:description\" content=\"The 334,939-square-foot Murrieta Town Center, a value-add community shopping center in Murrieta, Calif., is currently 81 percent leased. 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