High-rise commercial buildings

Sub Markets

Property Sectors

Topics

California CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

New call-to-action
California  + Los Angeles  + Retail  | 

Phillips Edison Snags Unanchored West Covina Retail Center

JLL Capital Markets represented a private seller in the $25.78-million sale of Shops at Plaza West Covina, a 46,406-square-foot shopping center located in West Covina. The buyer was Phillips Edison & Company.

Plaza West Covina is located at 310 S California Ave. directly adjacent to the Plaza West Covina Mall, the sixth most popular regional mall in California with more than 8.9 million annual visitors. The retail center spans 46,406 square feet and was 88% occupied at the time of sale.

JLL Capital Markets’ Investment Sales and Advisory team representing the seller was led by managing director Daniel Tyner and senior managing directors Geoff Tranchina and Gleb Lvovich.

“Well-located unanchored strip centers throughout the greater Southern California market have continued to perform well very,” said Tyner. “The demand from institutional, private and 1031 capital remains robust and we expect this to continue as these well-located assets continue to provide great investment opportunity to the greater the market.”

Read More News Stories About: JLL
Connect

Inside The Story

JLL's Tyner

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
New call-to-action
New call-to-action
New call-to-action
New call-to-action
New call-to-action