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California  + Orange County  + Retail  | 

Strip Center Adjacent to Angel Stadium Fetches $11M

Hanley Investment Group Real Estate Advisors arranged the sale of Pique at Angel Stadium, a 100% occupied, 15,710-square-foot multi-tenant retail strip center adjacent to Angel Stadium and within walking distance to the Honda Center and OCVIBE. The sale price was $11.3 million.

SVP Lee Csenar, along with president Ed Hanley, represented the seller, a private Los Angeles-based investor. The buyer, Vista Emerald, LLC, was represented by Omar Hussein of Beacon Realty Advisors.

“We identified an exchange buyer through cross-marketing of another high-profile Orange County asset,” said Csenar. “This transaction illustrates ongoing investor interest in internet-resistant, service-oriented retail centers — especially those with essential tenants—located in prime Orange County markets.”

Pique at Angel Stadium, formerly known as The Shops at Stadium Towers, was built in 2006 at 2406-2432 E. Katella Ave. in Anaheim. The center features eight tenants, including Comerica Bank, with a mix of 78% restaurants and 22% service-oriented businesses.

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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
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