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Supermarket Centers in the Bag

San Diego

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Supermarket Centers in the Bag

REDONDO BEACH PLAZA

Paper or plastic? San Diego-based Retail Opportunity Investments Corp didn't have to choose when it bought four SoCal shopping centers, including the 110k SF Redondo Beach Plaza (above) for a total of $114M. The final sale closed last week. With all four centers boasting major supermarket anchors and strong locations, Wilson Commercial's Geoff Tranchina, who repped the buyer, says the acquisitions have both cash flow and value-add growth opportunities. The Collins Co's Deborah Collins represented the seller, a private family partnership.

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