Charing Cross Partners Purchases Retail Property In Glendale For $61.8M

Charing Cross Partners has acquired a retail property in Glendale for a sale price of $61,800,000. Located at 5040 San Fernando Road, the asset spans over a total area of 111,624 square feet, resulting in a price per square foot of $553. The seller of the property was Decron Properties. The transaction was facilitated by brokers Bill Bauman, Kyle Miller, and Matt Schwartz from Newmark.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $61,800,000
• Address: 5040 San Fernando Road
• Market: Glendale
• Buyer: Charing Cross Partners
• Seller: Decron Properties
• Brokers: Bill Bauman, Kyle Miller & Matt Schwartz - Newmark
• Square Footage: 111,624
• Price per Square Foot: $553

This significant transaction marks Charing Cross Partners' acquisition of the retail property at 5040 San Fernando Road in Glendale. The deal was successfully executed with the assistance of Bill Bauman, Kyle Miller, and Matt Schwartz from Newmark, who represented the buyer and seller in this transaction.