Continental Realty Corp Acquires 292K SF South Coast Collection Retail Center In Costa Mesa For $110M

Continental Realty Corp. (CRC) has acquired the 292,000-square-foot South Coast Collection retail center in Costa Mesa, California, for $110 million. The property is located at 3303-3323 Hyland Avenue and is situated on approximately 20 acres of land. It is a retail asset that features the OC Mix, which includes 20 restaurants. The property was 97% leased at the time of the transaction.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $110,000,000
• Square Footage: 292,000
• Address: 3303-3323 Hyland Avenue
• Market: Costa Mesa
• Acres: 20

The buyer of the property is Continental Realty Corp., represented by JM Schapiro. The seller is Burnham Ward Properties, represented by Scott Burnham. The brokers involved in the deal are Christopher Hoffmann and Mark Damiani from Eastdil Secured.

It is worth noting that CRC acquired the South Coast Collection retail center through its Opportunistic Retail Fund I.