444 Was Just Enough

Demonstrating the adage that no one succeeds without effort, CBRE distributed more than 444 offering memoranda to find a buyer for Maywood Village Square, a 48k SF retail center on Slauson Ave in the City of Maywood. SVP Phil Voorhees, who calls Maywood Square the “quintessential" LA County bread-and-butter strip center, completed the property's $11.5M sale with colleagues Jimmy Slusher and the National Retail Investment Group-West, along with managing director Richard Rizika. The marketing effort generated 17 purchase offers. The CBRE team repped the buyer as well as seller Watt Companies, which developed the project in 1991.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Los Angeles Newsletters
Related Stories

GGP To Redevelop Former Dick's Sporting Goods Store At Frisco's Stonebriar Centre

From Pandemic Darling To Cautionary Tale: Pickleball Clubs Face A Reckoning After Betting Big On Retail Space

Gwinnett Mall Project Stands To Benefit From Georgia's Opportunity Zone Picks

Epicenter Landcorp Buys Culver City Flex Industrial Building For $11M

JLL: Holiday Spending To Rise Nearly 10%, But Shoppers Aren't Splurging On Gifts

Hollywood's Yamashiro Complex Gets $25M Refinance: The Los Angeles Deal Sheet

Philly Restaurant Operators Avoid Percentage Rent, Tenant Improvement Deals

Kroger Plans 3 New Store Formats, 110 New Locations In Bid To Boost Sales

Lender Wants Blackstone, Hudson Pacific To Sell Vacant Sun Valley Studio

Faring Proposes Office, Retail Project On Sunset Strip Car Dealership Site

Food Hall Planned Near Broncos' Burnham Yard Stadium Site

Next Phase Of Amsterdamse Poort Redevelopment Kicks Off