Allied Commercial Investments Acquires Retail Property In Long Beach For $30 Million

300 The Promenade North, 325 The Promenade, 225 3rd Street, 225 East 3rd Street, 50 4th Street, 303 The Promenade, 307 The Promenade & 480 Pine Avenue

$30,000,000

$25/SF

Building Size

1,187,240 SF

Asset Type

Retail

Closing

Jul 13, 2026

AI

The property asset involved in this transaction includes multiple retail locations situated at 300-325 The Promenade, 225 3rd Street, 50 4th Street, 303, 307 The Promenade & 480 Pine Avenue in the Long Beach, CA market. The sale price for the property was $30,000,000, consisting of a total square footage of 148,405 and a price per square foot of $202.

Summary of transaction details:

Property Type: Retail
Transaction Amount: $30,000,000
Buyer: Allied Commercial Investments
Seller: Waterford Property Company, Monument Square Investment Group, Turnbridge Equities
Brokers: John Read & Erin Smith - CBRE

The key individuals behind the deal include the buyer, Allied Commercial Investments, and the selling parties: Waterford Property Company, Monument Square Investment Group, and Turnbridge Equities, all contributing to this significant transaction in the retail market.

Players