Federal Realty Investment Trust Acquires Retail Asset In Monterey From American Assets Trust For $123.54M

The property asset involved in this transaction is a retail space located at 1410 Del Monte Center in the Monterey market. The sale price was $123,535,000, with a total square footage of 673,155, resulting in a price per square foot of $184.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $123,535,000
• Address: 1410 Del Monte Center
• Market: Monterey
• Square Footage: 673,155
• Price Per Square Foot: $184
• Buyer: Federal Realty Investment Trust
• Seller: American Assets Trust
• Brokers: Gleb Lvovich, Eric Kathrein, Geoff Tranchina & Daniel Tyner - JLL

The key individuals involved in the deal include Gleb Lvovich, Eric Kathrein, Geoff Tranchina, and Daniel Tyner, who represented the parties in the transaction through JLL. The buyer, Federal Realty Investment Trust, and the seller, American Assets Trust, were pivotal in the completion of this retail property transaction.