Gersham Properties Acquires Retail Property In Chula Vista For $47.8M

Located at 1480 Eastlake Parkway in Chula Vista, this retail property was recently sold in a closed transaction. The property spans a total area of 363,300 square feet. Gersham Properties acquired the asset from Crow Holdings for a sale price of $47,800,000, resulting in a price per square foot of $131.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $47,800,000
• Square Footage: 363,300
• Address: 1480 Eastlake Parkway
• Market: Chula Vista

The deal was facilitated by the brokers Pete Bethea, Rob Ippolito, and Glenn Rudy from Newmark, who represented the buyer, Gersham Properties, in the transaction.