An unknown buyer completed the acquisition of 208,572-square-foot grocery-anchored shopping center in Buena Park, California from SITE Centers Corp. for $53 million.
December 20, 2023
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An unknown buyer acquired 208,572-square-foot grocery-anchored shopping center in Buena Park, California from SITE Centers Corp. (NYSE:SITC) on December 20, 2023. Bryan Ley, Gleb Lvovich, Geoff Tranchina, Dan Tyner and Tim Kuruzar of JLL Capital Markets brokered the transaction and represented the seller SITE Centers Corp.
An unknown buyer completed the acquisition of 208,572-square-foot grocery-anchored shopping center in Buena Park, California from SITE Centers Corp. (NYSE:SITC) for $53 million on December 20, 2023. The transaction is valued at $254 per square foot for 208,572-square-foot.
SITE Centers Corp. is a self-administered and self-managed real estate investment trust (REIT). The Company is an owner and manager of open-air shopping centers located in suburban, high household income communities. It is engaged in in the business of owning, leasing, acquiring, redeveloping, developing, and managing shopping centers. The Company owns approximately 108 shopping centers. These centers are principally located in the Southeast, including Florida, Georgia, Illinois, and Colorado. Its properties include discounters, specialty grocers, pet supply stores, fitness centers, quick-service restaurants and beauty supply retailers as additional anchors or tenants. Its properties include Chandler Center, Shops at Gilbert Crossroads, Ahwatukee Foothills Towne Center, Deer Valley Towne Center, Red Mountain Corner, Creekside Plaza, Centennial Promenade, Millenia Crossing, Cumming Marketplace, Hammond Springs, White Oak Village, and Downtown Short Pump.
An unknown buyer completed the acquisition of 208,572-square-foot grocery-anchored shopping center in Buena Park, California from SITE Centers Corp. for $53 million.