Oct
29
HFF Brokers Suburban LA Shopping Center Sale
ByLocated in Burbank, the 165,500-square-foot Plaza Del Sol’s unique mix of property types, full tenant roster and desirable ethnic grocery anchor proved a strong draw for investors.
Plaza Del Sol, a 165,500-square-foot grocery-anchored shopping center in Burbank, Calif., has come under new ownership with the help of HFF. Acting on behalf of Tourmaline Capital, the commercial real estate and capital markets services provider sold the combination retail and industrial property to an undisclosed investor.
Originally developed in 1984, the property at 10950 Sherman Way operated as a Costco store until 2005, when it emerged from a retrofit as a mixed-use center featuring street-facing retail with an uncharacteristic offering in the back: industrial space. The investment community was more than a little intrigued…
