Reliable Properties Acquires Northgate Market-anchored Shopping Center In Compton From CHK Investment Group

The property involved in the transaction is a retail asset located at 15101 Atlantic Avenue in Compton, California. This shopping center spans 62,287 square feet and is anchored by a Northgate Market. Reliable Properties acquired the asset in an all-cash deal and completed the transaction in under 30 days.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: Not disclosed
• Address: 15101 Atlantic Avenue
• Market: Compton
• Square Footage: 62,287
• Buyer: Reliable Properties
• Seller: CHK Investment Group
• Buyer's Representative: Connor Martin, Max Weller & Joseph Daurio - Allure Capital Management
• Seller's Representative: Realtyland

This off-market transaction reflects the demand for ethnic grocery-anchored shopping centers in California, highlighting the market dynamics pertinent to this asset type. The representatives involved, Connor Martin, Max Weller, and Joseph Daurio from Allure Capital Management, facilitated the purchase for Reliable Properties.