VITAL STATISTICS
VICTORY PLAZA
13007-13047 Victory Boulevard, North Hollywood
Deal Value: $57.8M
Newmark completed the sale of Victory Plaza, a 136,580-square-foot, grocery-anchored retail center in North Hollywood. The asset sold for $57.75 million. Newmark vice chairman Pete Bethea and senior managing directors Rob Ippolito and Glenn Rudy represented the seller, Kennedy Wilson, a global real estate investment company based in Beverly Hills. The buyer was Gerrity, a vertically integrated real estate investment and operating company based in San Diego.
Located at 13007-13047 Victory Boulevard, Victory Plaza is situated on 12.21 acres of land and is anchored by the high performing Vallarta Supermarkets. The center was 97% occupied at the time of sale.
VITAL STATISTICS
ENCINO VILLAGE
16650-16664 Ventura Boulevard, Encino
Deal Value: $14.5M
This Class A transaction of approximately $15 million on Ventu- ra Blvd. in prime Encino is a multi-generational asset which has never been available before. It was challenging to negotiate
in the midst of an interest-raising environment.
The property was purchased by the owner of the opposite retail corner who now owns approximately four acres on two corners on a prime signalized intersection in Encino which positions that area to become the premier retail destination for the future.
VITAL STATISTICS
WEST PALMDALE PLAZA
520-540 West Palmdale Boulevard, Palmdale
Deal Value: $7M
Built in 1992, this medical/retail plaza covers a total area of 27,787 square feet and is strategically positioned within a prime medical district. It is conveniently located just minutes away from both Palmdale Regional Medical Center and USC Keck Medicine Medical Plaza.
This presented itself as the ideal investment opportunity for the client, featuring a property that enjoys a remarkable 98% occupancy rate and is positioned within one of California’s most rapidly expanding urban areas.