Jordan Fried Of Sterling Organization Acquires Slatten Ranch Shopping Center In Antioch For $31M

The retail asset involved in this transaction is located at 5709, 5759, 5779 & 5789 Lone Tree Way in Antioch. The property encompasses a total square footage of 118,200 and was sold for $31 million, resulting in a price per square foot of $262. This location is known as the Slatten Ranch Shopping Center, which features a mix of established retail tenants.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $31,000,000
• Gross Square Footage: 118,200
• Price Per Square Foot: $262
• Address: 5709, 5759, 5779 & 5789 Lone Tree Way
• Market: Antioch
• Buyer: Jordan Fried - Sterling Organization
• Brokers: Eric Kathrein, Gleb Lvovich, Andrew Spangenberg & Allie Repaskey - JLL

JLL brokers Eric Kathrein, Gleb Lvovich, Andrew Spangenberg, and Allie Repaskey facilitated the sale of the retail hub, strategically located near State Route 4 and Lone Tree Way. The shopping center includes tenants such as Burlington, Five Below, Sephora, and Harbor Freight Tools, with 30,000 square feet currently vacant, providing potential for value addition. It is important to note that a separately owned Target parcel was not included in this transaction.