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PacWest Management Acquires Chino Retail Center From Kimco Realty For $25.3M

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SOLD
$25,300,000

California

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Retail1,721,690 SF
Sold 01/19/2024
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SOLD

PacWest Management Acquires Chino Retail Center From Kimco Realty For $25.3M

5451 Philadelphia Street, 5455 Philadelphia Street, 5459 Philadelphia Street, 5501 Philadelphia Street & 5509 Philadelphia Street

See Similar Deals
Retail1,721,690 SF
Sold 01/19/2024
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Summary

CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$14
Total Square Footage:1,721,690 SF
Transaction Type:Sale

PacWest Management, represented by Joseph Ramani from PacWest Management, has acquired most of Chino Town Square, a retail center in California, in a series of three transactions. The properties, located at 5451, 5455, 5459, 5501, and 5509 Philadelphia Street, have been sold by Conor Flynn of Kimco Realty Corporation. The total sale price for these transactions amounts to $25.3 million, with a total square footage of 344,338. The price per square foot is approximately $73. Chino Town Square is a prominent retail center in Chino, featuring popular anchor stores like Ross Dress for Less and DD’s Discounts.

Summary of transation details

  • Property Type: Retail
  • Transaction Amount: $25,300,000
  • Buyer: Joseph Ramani - PacWest Management
  • Seller: Conor Flynn - Kimco Realty Corporation
  • Address: 5451, 5455, 5459, 5501 & 5509 Philadelphia Street
  • Market: Chino
  • Square Footage: 344,338
  • Price per Square Foot: $73

Joseph Ramani, representing PacWest Management, played a key role as the buyer in the acquisition of the retail center in Chino. On the other hand, Conor Flynn, representing Kimco Realty Corporation, acted as the seller in this transaction. The properties' sale prices varied per square foot, reflecting their individual characteristics and value within the retail market.

Players

BUYER

Conor Flynn
10 deals$741.1M volume
SELLER

Details

SOLD
IMAGE: Conor Flynn DATE: 01/19/2024 ADDRESS: 5451, 5455, 5459, 5501 & 5509 Philadelphia Street MARKET: Chino ASSET TYPE: Retail BUYER: Joseph Ramani - PacWest Management SELLER: Conor Flynn - Kimco Realty Corporation (@KimcoRealty) SALE PRICE: $25,300,000 SF: 344,338 ~ PPSF: $73 NOTE: PacWest Management has acquired most of Chino Town Square, a retail center in California, in three transactions totaling $25.3 million. The properties, featuring anchors like Ross Dress for Less and DD’s Discounts, were sold by Kimco Realty Corporation at varying prices per square foot.

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