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Oxnard Retail Center Trades in $95M Neighborhood

Esplanade Shopping Center, a 488,867-square-foot regional shopping center located in Oxnard, CA, has been sold in a deal industry sources say closed in the neighborhood of $95 million. The seller was New York-based Brixmor Property Group, while the buyer was G&I IX Esplanade Property L.P.

The 92.3%-occupied center is located at 195 W. Esplanade Dr. and offers a curated mix of best-in-class retailers including Nordstrom Rack, Walmart Neighborhood Market, TJ Maxx, Staples, Dicks Sporting Goods, Cost Plus and Home Depot (NAP).

NKF Capital Markets’ Bill Bauman, Kyle Miller and Matthew Schwartz represented the seller. NKF’s David Milestone and Brett Green represented the buyer in securing financing.

Miller says, “The majority of the tenants in the center are the top operators in their respective categories. The strong sales reported by the retailers and restaurants validate the strength and attraction of the location and trade area.”

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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