TA Realty Acquires Retail Asset In El Monte From Hutensky Capital Partners

Santa Fe Trail Plaza, a grocery-anchored community center in El Monte, east of downtown Los Angeles, has been sold to Newport Beach, Calif.-based TA Realty. The 112,335-square-foot shopping center, situated on 9.2 acres at 10601-10761 Valley Blvd. and 10714 King Court, was completed in 2006. The property boasts tenants such as Superior Grocers, Ross Dress for Less, Petco, Five Below, Starbucks Coffee, Subway, Jack in the Box, AT&T, Chipotle, Jersey Mike’s Subs, Flame Broiler, Wing Stop, and The UPS Store.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: Undisclosed
• Buyer: TA Realty
• Seller: Hutensky Capital Partners
• Square Footage: 112,335 SF
• Address: 10601 Valley Blvd, El Monte, CA, 91731
• Market: El Monte
• Buyer's Rep: Kirk Brummer (Kidder Mathews), Sean Heitzler (CBRE)
• Seller's Rep: Philip Voorhees (CBRE)

The sale of Santa Fe Trail Plaza was facilitated by a joint venture between Los Angeles-based Festival Capital and Hartford, Conn.-based Hutensky Capital Partners. The deal was represented by Philip Voorhees, Kirk Brummer, and Sean Heitzler of CBRE’s National Real Partners-West, who acted as the seller's and buyer's representatives in the transaction.