J.P. Morgan Chase Acquires Retail Portfolio For $138M From MetLife Investment Management

J.P. Morgan Chase has acquired a retail portfolio in multiple locations across Whittier, Torrance, San Marino, Simi Valley, Alhambra, Rolling Hills Estates, Fairfax, Arcadia, Valencia, Downey, Buena Park, Anaheim, San Francisco, San Jose, Oakland, Burlingame, Fremont, Yuba City, Tiburon, and Cupertino. The portfolio includes properties located at 15625 Whittier Boulevard, 2121 Torrance Boulevard, 2270 Huntington Drive, 2398 Sycamore Drive, 401 East Valley Boulevard, 27319 Hawthorne Boulevard, 449 North La Brea Avenue, 60 East Huntington Drive, 2400 Valencia Boulevard, 8450 Firestone Boulevard, 7964 Beach Boulevard, 101 South Harbor Boulevard, 98 West Portal Avenue, 2750 Van Ness Avenue, 2670 Berryessa Road, 1402 Lincoln Avenue, 270 East 18th Street, 1188 El Camino Real, 38980 Fremont Boulevard, 40 Colusa Avenue, 1535 Tiburon Boulevard, and 20573 Stevens Creek Boulevard.

Summary of transation details

• Property Type: Retail
• Transaction Amount: $138,000,000
• SF: 252,000
• PPSF: $547
• Buyer: J.P. Morgan Chase
• Seller: MetLife Investment Management - Robert Merck
• Broker: Dan Riley - CBRE

Dan Riley of CBRE represented J.P. Morgan Chase in the transaction. The deal was closed on 01/19/2023 with a sale price of $138,000,000 and a price per square foot of $547.