Phillips Edison & Company Acquires Quail Pointe Retail Center In Fair Oaks For $44.3M

Quail Pointe, a 98,314-square-foot grocery-anchored retail center located at 5329 Sunrise Boulevard in Fair Oaks, California, has been sold for $44,300,000. The property, featuring Trader Joe's as the anchor and a diverse tenant mix, was acquired by Phillips Edison & Company in a highly competitive market. The sale price translates to a price per square foot of $451.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $44,300,000
• Square Footage: 98,314
• Address: 5329 Sunrise Boulevard, Fair Oaks, California
• Market: Fair Oaks

The buyer, Phillips Edison & Company, was represented by Jeffrey S. Edison. Madison/Sunrise Associates acted as the seller. The deal was facilitated by Andrew Spangenberg, Eric Kathrein, and Warren McClean from JLL.

JLL Capital Markets oversaw the transaction, which saw the successful sale of Quail Pointe. With Trader Joe's as the anchor tenant and a diverse range of occupants, the retail center attracted significant interest in the competitive Fair Oaks market.