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California  + Orange County  + Retail  | 

Merlone Geier Pays $30M for Retail Property in Fullerton

Merlone Geier Partners acquired College Plaza Shopping Center from an unnamed private investor for $29.7 million. The 77,276-square-foot is located at 2400-2520 East Chapman Ave. in Fullerton, CA.

Constructed in 1962 and renovated in 1998, the shopping center was 73% occupied and anchored by Goodwill and 99 Cent Only. During the sales process, Goodwill vacated, further enhancing the projects appeal as a true value add opportunity.

JLL’s Geoff Tranchina, CJ Kodani and Scott Burns represented the seller in the transaction. Merlone Geier was self-represented.

“College Plaza Shopping Center was a unique opportunity for Merlone Geier to acquire a rare value-added retail center in an infill area of Orange County,” said Tranchina. “We look forward to seeing their reposition efforts, bringing in long-term tenants to meet the needs of the community.

For comments, questions or concerns, please contact Dennis Kaiser

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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

  • ◦Sale/Acquisition
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