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Sterling Adds Antioch Retail Center to Value-Add Portfolio
JLL Capital Markets secured the sale of Slatten Ranch Shopping Center, a 118,187-square-foot community retail center in Antioch. Managing director Eric Kathrein, senior managing director Gleb Lvovich, director Andrew Spangenberg and associate Allie Repaskey represented the seller, Camden Village, LLC. The buyer was Sterling Organization, which said it paid $31 million.
“Slatten Ranch was a rare opportunity to acquire a regionally dominant, institutional quality community center with significant value-add potential,” said Kathrein. “This transaction is a perfect example of what value-add capital is focusing on in today’s market.”
Located at 5709-5759 and 5779-5789 Lone Tree Wy., Slatten Ranch is positioned with more than 1,400 feet of linear frontage along Highway 4, providing visibility and access to more than 100,000 vehicles per day, according to JLL. The property is shadow-anchored by one of the highest-performing Target locations nationwide, ranked No. 20 in the chain and in the 98th percentile nationally.
- ◦Sale/Acquisition
