TRC Acquires Retail Asset From Artemis In Pasadena For $42 Million

The retail asset located at 2335 East Colorado Boulevard in Pasadena was involved in a closed transaction. The property has a sale price of $42,000,000 and encompasses a total area of 76,250 square feet, resulting in a price per square foot of $550.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $42,000,000
• Address: 2335 East Colorado Boulevard
• Market: Pasadena
• Square Footage: 76,250
• Price Per Square Foot: $550
• Buyer: TRC
• Seller: Artemis
• Brokers: Geoff Tranchina, Gleb Lvovich, Daniel Tyner & Matt Stewart - JLL

The transaction was facilitated by brokers Geoff Tranchina, Gleb Lvovich, Daniel Tyner, and Matt Stewart, all representing JLL in the deal. Their involvement highlights their expertise in managing significant retail property transactions within the market.