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California  + Retail  | 

Wildomar Grocery-Anchored Retail Center Trades for $19M

Colliers International negotiated the $19-million sale of Oak Creek II Shopping Center, a grocery-anchored, neighborhood retail center in Wildomar, CA. The Albertsons shadow-anchored 71,899-square-foot property was sold by San Diego-based Strata Equity Group Inc. to an undisclosed, all-cash California investor.

Built in 2008, the center is located on 6.89 acres along the Miracle Mile Corridor, and is comprised of six separate parcels. The 96%-occupied center includes a mix of national credit tenants, local service retailers and national chain restaurants. The City of Wildomar occupies nearly all of a separate, two-story, 23,000-square-foot office building.

KW Commercial’s Mark El-Tine represented the buyer. Colliers International’s John Sharpe, Jereme Snyder and Eric Carlton advised the seller.

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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