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California  + Inland Empire  + Retail  | 

150K-SF Perris Grocery-Anchored Shopping Center Sold

Perris Plaza, a 150,148-square-foot, grocery-anchored shopping center in Perris, CA has sold for an undisclosed amount. Nuevo Perris, LLC, a JV among Laguna Beach, CA-based Wood Investments, Colorado-based Joel Farkas and El Segundo, CA-based SandTree Holdings, purchased the asset from Coudures Family, LP.

The 97.6%-leased property is the dominant center in the region and features a mix of national and regional retailers, including Food 4 Less, Regency Theatres, Burger King, IHOP, Del Taco and Starbucks. The sale includes two entitled land pads that would allow the development of additional retail space.

The buyer plans to expand the shopping center to nearly 300,000 square feet, with the addition of promotional retailers and restaurants. Situated on 38.24 acres at 1688 North Perris Blvd., Perris Plaza is located on one of Perris’ major thoroughfares and adjacent to Interstate 215.

HFF’s Gleb Lvovich and Bryan Ley represented the seller.

For comments, questions or concerns, please contact Dennis Kaiser

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About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., 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, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

  • ◦Sale/Acquisition
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