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Tourmaline Capital Snaps Up Anaheim Hills Retail
JLL Capital Markets closed the $16.7-million sale of Anaheim Hills Shopping Village, a 67,528-square-foot retail center located in Anaheim. Senior director Daniel Tyner and managing directors Gleb Lvovich and Geoff Tranchina worked on behalf of the seller, a private family partnership who served as the original developer, as well as the buyer, Tourmaline Capital.
The 95% occupied center is anchored by Big Lots with a roster of daily needs and internet resistant retailers, many of which have been at the property for a number of years. Located at 6300 E. Santa Ana Canyon Rd., the property was originally developed in 1984 by the seller and has been a prominent neighborhood shopping center for the greater Anaheim Hills community.
“It is rare we see high-quality neighborhood shopping centers in Orange County trade hands,” said Tyner. “We are proud to have successfully completed the transaction alongside the buyer, Tourmaline Capital, and the original developer, who built the center 40 years ago.”
- ◦Sale/Acquisition
