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CBRE Completes Sale of Scripps Mesa Retail Center

Scripps Mesa Retail Center, a recently-renovated 25,721-square-foot property, traded hands for $11 million. The buyer was the locally-based Shah Family Trust, and the seller was Wisconsin-based Hendricks Commercial Properties.

The boutique property was renovated in 2015 at a cost of $1.7 million. The center has 18 tenants and is 100% occupied.

CBRE’s Reg Kobzi, Joel Wilson, and Michael Peterson represented both sides of the transaction.

Kobzi says, “Scripps Mesa Retail Center is a great investment, located adjacent to the I-15.” He notes that the addition of Trader Joe’s next door boosted retail activity in the trade area, and that’s helped drive vacancies to extremely low levels.

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.

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